Sue Patterson, WalletHub Analyst
@sweetsue
You’ll need a 640 credit score or higher for most gas cards. That’s fair credit or better. At this credit level, you may qualify for gas cards from specific stations such as the Phillips 66 Credit Card or the ExxonMobil Gas Card. These can only be used to make purchases at the affiliated gas stations. Good credit or better (a score of 700+) is required to get most gas rewards credit cards like Blue Cash Preferred® Card from American Express, which offer extra cash back on all gas purchases made at U.S. gas stations. There are also gas cards that are co-branded with a gas station but can be used anywhere, such as the Shell Credit Card, that also require good credit or better.
If you have less than fair credit, consider getting a secured credit card to pay for your gas purchases. The odds of approval are higher because you’ll have to put up a security deposit to set your credit limit. The deposit is fully refundable when you close the account without an outstanding balance. In addition, secured cards work like regular credit cards, which means you can use them anywhere credit cards are accepted. An ideal secured card for gas purchases is the Bank of America® Customized Cash Rewards Secured Credit Card. It offers 3% cash back in a category of your choice, 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly in the 3% and 2% categories combined), and 1% back on all other purchases. And you can choose gas as your category for the supplemented 3% cash back rate.
Blue Cash Preferred® Card from American Express
People also ask
Do gas cards report to credit bureaus?
Gas cards report to one or more of the big three credit bureaus on a monthly basis, just like any other major credit card. That’s true whether you have a gas card that only works for buying gas at a particular chain of stations or a card that’s accepted wherever Visa… read full answer
show lessWhat are the best unsecured gas cards for bad credit?
The best unsecured gas card for bad credit is the Fortiva® Cash Back Reward Card because it offers 3% cash back on eligible gas, grocery, and utility purchases or payments, as well as 1% cash back on all other purchases. On top of that, this card comes with a decent credit limit of up to $1,000 and $0 one-time fees, unlike some unsecured credit cards for bad credit.
Best Unsecured Gas Cards for Bad … read full answer
- Cash Back Rewards: Fortiva® Cash Back Reward Card
- Credit Building: Indigo® Mastercard® for Less than Perfect Credit
- Everyday Purchases: Credit One Bank® Platinum Visa® for Rebuilding Credit
- Solid Rewards: Aspire® Credit Card
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