What is a gas credit card?
A gas credit card is a type of credit card that offers rewards for gas purchases. Some gas credit cards are equally rewarding at all stations, while others give you the best earning rates at one particular chain. Gas rewards typically come in the form of a per-gallon discount, either on every gas purchase or once a certain amount has been spent. But some cards instead offer cash back equal to a certain percentage of your spending.
Furthermore, most gas credit cards belong to one of the four major card networks – Visa, Mastercard, American Express or Discover – and can be used to make purchases pretty much anywhere. But that’s not always the case. Much like store credit cards, so-called gas cards won’t work anywhere but the station-chain whose name they bear. Such cards are typically aimed at people with fair or bad credit, and they’re known more for convenience and credit building than rewards.
What gas stations have credit cards?
All major gas station chains have their own credit cards. Many offer co-branded gas rewards credit cards, which can be used anywhere Visa, Mastercard, American Express or Discover is accepted, as the case may be. Others offer so-called gas cards, which can only be used at the chain they’re affiliated. Some have both.
There are lots of options, so it’s important to choose carefully. To get you started, we’ll highlight the credit cards affiliated with the top 10 U.S. gas station chains.
Gas Station Credit Cards
We don’t recommend getting a gas rewards credit card that’s tied to a specific station unless you already fill up there exclusively or could easily begin to do so. Just remember that old habits die hard, and there are plenty of gas credit cards offering great rewards at any station.
How do I get a gas credit card?
Getting a gas credit card is no different than getting any other type of credit card. You simply need to find a card that suits your credit standing and spending habits, and then submit an application. There are a few unique considerations, though. You’ll need to decide whether you want a gas credit card tied to a particular gas-station chain or one with any-station rewards. You’ll also need to determine whether to use your gas credit card for all of your everyday expenses or just gas. These choices will lead you to the right card for your needs.
How do you save money on gas?
Getting a gas rewards credit card is one of the best ways to save money on gas. The best gas credit cards can save you around 5% on every fill-up, after all.
You can also save money on gas by:
- Using an app such as GasBuddy to find the lowest gas prices in your area;
- Making sure your tire pressure is correct;
- Avoiding excessive braking and acceleration; and
Shopping at certain grocery stores can help, too. The likes of Giant, Kroger, and Safeway, for example, offer discounts at affiliated gas station chains (e.g. Shell and ExxonMobil), based on how much you spend at their stores. This is especially powerful when combined with the respective station’s co-branded credit cards. Many offer pretty good rewards, but they didn’t make WalletHub’s best list because you have to spend a relatively high amount each month to get a decent return.
Finally, buying a more fuel-efficient vehicle is another obvious way to save money on gas. But it’s a big move.
Can you use a gas credit card to get cash back?
You cannot use a credit card to get cash back at the register, like you could with a debit card. But you can use a credit card to get cash from an ATM. However, this type of transaction – called a cash advance
– is very expensive. You will have to pay a fee, and interest will immediately begin to accrue at a high rate.
The best way to get cash back from a credit card is by earning rewards on purchases. The average cash rewards card offers 1.02% back on all purchases, according to WalletHub’s latest Credit Card Landscape Report. And the best cash back credit cards
give you far more.