Rising gas prices are affecting everyone across the country. Even if you don’t drive very often, high fuel costs are causing price increases for food and other commodities. Even though gas prices are affecting many aspects of our economy, anyone can save money on gas if they shop smartly. One of the best ways to do that is with a gas rewards card.

Most of these cards listed will earn you 3-5% cash back on gas purchases. With gas prices sitting around $4 per gallon in much of the US, that equals a savings of $0.12-0.20 per gallon, or a couple dollars per fill up. Most of these cards also offer additional cash back on other purchases as well, including grocery stores, restaurants, travel, and more. Using these gas rewards cards can easily save people several hundred dollars per year.

Keep in mind that while some of these cards are business credit cards, anyone can apply for a business credit card.

The best gas credit cards: rewards and cash back

Blue Cash for Business Credit Card and Blue Cash from American Express

Depending on how much money you spend with your credit cards every year, this may be the best cash rewards credit card out there. For the first $6500 in annual purchases, Blue Cash customers receive 1% cash back at gas stations, grocery stores, and drugstores, and 0.5% everywhere else. For purchases above the $6500 threshold, Blue Cash customers receive 5% cash back on gas, grocery, and drugstore purchases and 1.5% on everything else. Another great thing about this card is that there is no limit on the amount of rewards you can earn and there is no annual fee. This card comes in two varieties: The Blue Cash for Business Credit Card, and the Blue Cash from American Express. Both offer great benefits, but the Blue Cash for Business Credit Card offers a few more cash back options for things like travel, rental cars, FedEx, and more.

Chase Freedom Card

Through the rewards program, Chase Freedom Card holders earn a 3% bonus rebate on gas, grocery, and fast food purchases for the first six months. In addition to that, cardholders will receive quarterly bonus opportunities, which offer 3% cash back. Cardholders also earn a 1% unlimited rebate on every dollar spent on all other purchases. Cash rebates never expire. No annual fee.

Discover Open Road Card

My wife has the Discover Open Road Card and we have been very pleased with it so far. You get 5% cash back on every gas and auto maintenance purchase, up to your first $100 per month. Other purchases get 1% cash back. During the months of November and December you get Double Cashback on grocery store purchases. The biggest drawback is that only the first $100 in gas and auto maintenance purchases qualify for the higher cash back bonus. But even if you spend a couple hundred dollars on gas, 5% on the first $100, plus 1% on all other purchases may make this a good card for you. You can also earn a 5% to 20% Cashback Bonus at Top Online Retailers, and there are other cash back rewards for reaching certain spending plateaus. There is no annual fee.

TrueEarnings Card from Costco and American Express

Like the Blue Cash Credit Card from American Express, there are both business and standard versions of this card. The TrueEarnings Business Card is much better for gas than it’s non-business counterpart, but let’s look at them both though, and you decide which is a better overall option for you.

The TrueEarnings Business Card from Costco and American Express offers 5% cash back for gas purchases, 3% for eating out, 2% for travel purchases, and 1% for virtually everything else, including Costco. There is no annual fee for Costco members and no fee for additional cards. There are also several other categories that can earn you additional cash rewards.

The TrueEarnings Card from Costco and American Express offers 3% cash back for gas purchases, 3% for restaurants, 2% for travel purchases, and 1% everything else, including Costco. There is also a $25 Statement Credit with Your First Purchase with the card. The TrueEarnings Card Serves as Both Your American Express Credit Card and Your Costco Membership Card. Basically, the only difference is 3% cash back on gas vs. 5% cash back on gas.

SimplyCash Business Card from American Express

This is another business card that anyone can apply for. The SimplyCash Business Card from American Express offers 3% cash back on gas (up to the first $12,000; 1% thereafter) and has no annual fee. makes this a very nice card to carry around in your wallet. Additional cash back rewards include 5% cash back for wireless services and office supplies, and 1% on almost all other purchases. There are no limits to the amount of cash back you can earn. There is also a 0% Introductory APR for up to 12 Months for those interested in transferring a balance.

Chase PerfectCard Mastercard

The Chase PerfectCard Mastercard gives 6% rebates on ALL Gas Purchases at ANY Gas Station for the First 90 Days, and 3% rebates thereafter. All other purchases earn 1% cash back, with no limit on total rewards (however, the maximum rebate that cardholders can earn for gas purchases is $15 per month). The Chase PerfectCard also offers additional consumer protection including a purchase protection plan, travel accident insurance, and auto rental insurance. There is no annual fee.

Store brand cards and credit unions

There are dozens of store brand cards available that offer cash back or discounts, but I didn’t list those here. Some of them only offer $.05 off per gallon which is just over 1%, and very few of them can be used at locations other than gas stations, and usually don’t offer cash back if they can be used elsewhere. you may also be able to find a great deal with your credit union if you belong to one. Be sure to shop around.

Credit cards are great tools when used correctly. I pay my credit card bill monthly and I enjoy the cash back rewards programs credit cards companies have to offer. Use your cards responsibly, and reap the benefits.

Do you know of any better deals?

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