The best unsecured gas card for bad credit is the Credit One Bank Platinum Visa because it gives 1% cash back rewards and has a decent APR for bad credit, at 17.99% - 23.99% (V). Unsecured gas station cards for bad credit are hard to come by. Gas is something that almost everyone buys, so many consumers are attracted to cards with rewards for fueling up. But most cards with gas rewards require excellent credit. While some options exist among secured cards, which require a deposit equal to your credit line, there aren’t many unsecured gas cards that cater to bad credit.
There are a few unsecured gas credit cards that only require fair credit (a score of 640+). One example is the ExxonMobil Gas card by Citibank, which offers some rewards, such as 6 cents off every gallon of Synergy gasoline. But if your credit is bad, it’s best to stick to cards that advertise bad credit acceptance.
Here are the best unsecured gas cards for bad credit:
Credit One Bank Platinum Visa for Rebuilding Credit: Bad credit accepted. First year fee of between $0 and $75, with a $300 minimum credit line. Annual fee of up to $99 after that. 17.99% - 23.99% (V) APR, based on creditworthiness. 1% cash back on select purchases.
NASCAR Credit Card from Credit One Bank: Bad credit accepted. Annual fee between $0 and $99. 1% cash back rewards on select purchases and double cash back at the NASCAR.com Superstore. 17.99% - 23.99% (V) APR, based on creditworthiness.
First PREMIER Bank Mastercard: Limited credit accepted. Annual fee between $75 and $125 for first year. $45 to $49 after that. 36% APR.
The best unsecured gas cards for bad credit might not offer too many rewards for fuel purchases. But with bad credit, you should be focused on paying your bill in full and rebuilding your credit. Late fees and finance charges could outweigh any rewards if you don’t. And if you pay for the gas on time, that positive information will improve your credit score when it’s reported to the credit bureaus.
Secured cards can build credit just as well as these unsecured gas cards for bad credit. And some give better benefits. For example, there’s the Discover it Secured Card. It requires a minimum deposit of $200. But you can use the card at gas stations and it also offers 2% cash back on restaurants and gas and 1% on all other purchase. Or, consider the Capital One Secured Mastercard. There’s a $0 annual fee and you get an initial credit line of $200 for a deposit of $49, $99 or $200, based on your creditworthiness. You can also get access to a higher credit line after paying on time for 5 months, with no additional deposit.
Both of these cards are available to people with bad credit, report to credit agencies and can help build your credit while paying for fuel.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.