SUE PATTERSON, MPH student
@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 Phillips 66 or ExxonMobil. These can only be used to make purchases at the affiliated gas stations. Good or excellent credit (700-750 score) is required to get gas rewards credit cards like Blue Cash Preferred from American Express, which offer extra cash back on all gas purchases. 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 require good credit.
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 Discover it Secured Card. It offers 2% cash back up to $1,000 spent in combined purchases every quarter at gas stations and restaurants. It doubles what you earn the first year too.
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 Credit One Bank® Visa® Credit Card because it offers 1% cash back on gas, grocery purchases and mobile phone, internet, cable and satellite TV services. On top of that, it also has a decent APR for bad credit, at 17.99% … read full answer
show less
Did we answer your question?