The top gas rewards credit cards aren’t all the same, though. It’s best to compare offers to find the right fit for your financial situation and fuel-purchasing habits. Below, you can see WalletHub’s editors' picks for the best gas credit cards by category, picked from more than 1,500 total credit card offers.
Best Gas Station Credit Cards
|Credit Card||Best For||Annual Fee||Gas Rewards|
|Shell Credit Card||Best Gas-Station Credit Card||$0||10 ¢ / gallon|
|Shell Gas Card||Best Gas-Station Store Card||$0||10 ¢ / gallon|
|Wells Fargo Propel American Express® card||Best for No Annual Fee||$0||1 - 3 points / $1|
|Bank of America® Cash Rewards Credit Card for Students||Best for College Students||$0||3% Cash Back|
|Petal® 2 Visa® Credit Card||Best for Fair Credit||$0||1 - 1.5% Cash Back|
|PenFed Platinum Rewards Visa Signature® Card||Best for Gas Rewards||$0||5 points / $1|
|Bank of America® Cash Rewards Secured Credit Card||Best for Bad Credit||$0||3% Cash Back|
|U.S. Bank Business Cash Rewards World Elite™ Mastercard®||Best for Business Gas Rewards||$0||3% Cash Back|
4 Tips for Picking the Best Gas Rewards Card
- Avoid Station-Specific Cards if You Can’t Commit
Station-affiliated gas credit cards have the potential to offer the most lucrative rewards, but they certainly aren’t for everyone. You’ll only get rewarded for gas purchased at affiliated stations, and in many cases, you’ll have to spend a lot just to qualify for the highest earning rates.
So you should only get a gas credit card that’s tied to a specific station if you already fill up at just one chain or could easily do so. After all, there are plenty of general-purpose credit cards offering great gas rewards.
- Decide How Many Credit Cards You Want to Use
Do you want a card with gas rewards to use just for gas purchases or for all of your everyday spending? Answering this question will tell you whether to focus solely on a card’s gas rewards or consider its complete rewards package. As a result, it will dictate how you should compare gas credit cards.
You can check out our article on the Island Approach to learn how to most effectively use multiple cards.
- Check the Gas-Price Forecast
Some gas rewards cards offer a certain number of points per $1 spent. Others give you a per-gallon discount or a percentage of your overall purchase in cash back. Converting everything into dollar terms based on the price of gas at the station you use is the best way to compare offers. You should also consider how attractive a given card’s terms will be if the price of gas rises.
- Save with a Big Initial Bonus
It’s easy to get so caught up in getting the best gas credit card that you neglect to consider other savings possibilities. For example, the best credit card deals offer people with good or excellent credit initial bonuses worth $400+ for spending $3,000+ within three months of account opening. Even the best gas credit cards require you to spend far more to earn $400 in rewards.
To help people find the best gas rewards credit cards for their needs, WalletHub’s editors regularly compare more than 1,500 credit card offers, including the cards affiliated with major gas station chains. We compare the cards based on their expected gas rewards earnings after two years of use, with annual fees subtracted. This puts offers with introductory or annual benefits and fees on more of a level playing field.
To be eligible for consideration for WalletHub’s best gas credit cards, a card’s gas rewards must be at least 20% better than average. We base our calculations on two different consumer profiles. The first reflects the average American’s gas spending, while the second assumes three-times as much spent on gas. In both cases, we assume that someone looking for one of the best gas credit cards will employ the Island Approach, using the card only for gas purchases. That enables us to identify the credit cards with the best rewards on gas in particular, without earning rates for other spending categories distorting the rankings. Bonuses are considered if gas spending alone would put the cardholder within 10% of the spending threshold required to earn the bonus. (see http://g.co/ng/security#xss) (see http://g.co/ng/security#xss) (see http://g.co/ng/security#xss)