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Best Gas Rewards Credit Cards

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best gas rewards credit cardsRising 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 or cash rewards credit card.

Several of these cards will earn you 3-5% cash back on gas purchases. With gas prices approaching $4 per gallon in much of the US, that equals a savings of $0.12-0.20 per gallon, or several 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 many people several hundred dollars per year.

Best Gas Credit Cards

Discover it® chromeDiscover it® chrome – This card features 2% cash back automatically on up to $1,000 in combined purchases at restaurants and gas stations every quarter—no sign-ups needed*. 1% cash back on all your other purchases. It also features 0% intro APR on purchases and balance transfers for 14 months—then a variable purchase APR applies, currently 10.99% – 22.99%. A 3% fee applies to each transferred balance. APR won’t go up if you pay late. There is no annual fee, no overlimit fee, no late fee on your first late payment and no foreign transaction fee*. Being a card member gives you access to your Free FICO® Credit Score online and on your monthly statement so you can track your score’s progress*. Each Discover purchase is monitored. If it’s unusual, you’re alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases. U.S. based customer service – anytime, day and night. *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply”. Apply Now.

Discover it™ Discover it® – While not strictly a gas rewards card, the new Discover it® card is one of the best cash back credit cards, and is flexible for a variety of spending needs. The new Discover it® card features 5% cash back in select categories that change each quarter, and 1% cash back on all other purchases. For example, you can earn 5% cash back at gas stations on up to $1,500 in purchases from July through September 2014 when you sign up*. 1% cash back on all other purchases automatically.* There is No annual fee, no late fee for your first late payment – APR won’t go up for you paying late, no overlimit fee and no foreign transaction fee.* This card features a 0% intro APR on purchases & balance transfers for 14 months – then a variable purchase APR applies, currently 10.99% – 22.99%. A 3% fee applies to each transferred balance. It was Rated 4.8 out of 5 stars by over 4,000 cardmembers.* Cardmembers receive a Free FICO® Credit Score online and on monthly statements.* Each Discover purchase is monitored. If it’s unusual, you’re alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases. Cardmembers receive U.S.-based customer service?anytime, day and night. *See rates, rewards, free FICO® Credit Score terms and other info by clicking “Apply.” Apply Now.

Citi® Dividend Platinum Select® Visa® Card - $100 Cash BackCiti® Dividend Platinum Select® Visa® Card. This card offers cardholders the opportunity to earn 5% CASH BACK in categories every quarter. Right now, on eligible purchases within the Hilton Portfolio, car rental agencies, movie theaters and theme parks from 7/1/14 – 9/30/14. Enrollment each quarter is quick and easy. Earn 1% cash back on all other purchases. The total cash back earned with the card is $300 per calendar year, excluding the $100 cash back with this offer. See Citi Dividend Card Reward Program Information. This card features a 0% Intro APR on Purchases and Balance Transfers for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness* You can also earn $100 cash back after $500 in purchases within the first 3 months of account opening. The Citi Dividend Platinum Select Visa Card carries No Annual Fee*. Click Apply Now to see pricing details.

The Blue Cash Preferred® Card from American Express our choice for the top gas rewards credit card. It offers a simple rewards program – Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% US gas stations & select US dept stores, 1% other purchases. Terms and limitations apply. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. To top it off, you can also get 100 Reward Dollars, redeemable for a $100 statement credit, after you make $1,000 in purchases with your new Card in the first three months. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items. This card features a 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors. There is a $75 annual fee, which you can easily earn back through regular use. Everything after that is icing on the cake. Terms and Restrictions Apply. Click to open and account or learn more: Blue Cash Preferred® Card from American Express.

TrueEarnings® Card from Costco and American Express. The TrueEarnings® Card from Costco and American Express offers 3% Cash back at US gas stations and on gasoline at Costco up to $4,000 per year in purchases, then 1%. It also offers 2% cash back at US restaurants; 2% cash back on eligible travel purchases, including at Costco; 1% cash back on other purchases, including at Costco. Terms and limitations apply; You will receive your cash back annually in the form of a reward coupon. The Two-In-One Card: it’s an American Express® Card and Costco membership card, with no annual fee for Costco members. Terms and restrictions apply.

Blue Cash Everyday® Card from American Express. American Express just made a good thing better. This version makes it easier for low to moderate spenders to enjoy solid rewards. This card offers the ability to Earn Cash Back: 3% at US supermarkets, up to $6,000 per year in purchases, 2% at US gas stations & select US dept stores, 1% on other purchases. Terms and limitations apply. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Right now, new cardmembers can get 50 Reward Dollars, redeemable for a $50 statement credit, after you make $1,000 in purchases with your new Card in the first three months. Plus, get one year of Amazon Prime after you sign up for a new membership with your Card and meet the spending requirement in the same time period. As an Amazon Prime member, you get unlimited Free Two-Day Shipping on millions of items. Finally, there is a 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors. Terms and Restrictions Apply. Click to open and account or learn more: Blue Cash Everyday® Card from American Express.

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?

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Now” button, you can review the credit card terms and conditions on the issuer’s website.

Discover is a paid advertiser of CashMoneyLife.com


Published or updated July 2, 2014.
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{ 13 comments… read them below or add one }

1 Brian

I Have a Chase AAA Visa which gives 5% back on all gas purchases and renewals with AAA. Love it

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2 Ryan

Brian,

I haven’t seen that card, but it sounds like it’s a great card to have! Thanks for sharing. :)

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3 Scott @ The Passive Dad

Blue Cash has been a great CC for gas purchases. I use it at Cotsco for everything, including gas. If you’ve got to use credit, the blue card is wonderful. You can also use it at the post office and earn cash back on shipping and stamps.

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4 Ryan

Scott, I think the Blue Cash card is probably the best overall cash back card for those who spend well over the $6,500 threshold every year. If you spend less than that, I would recommend the Chase Freedom(SM). I’ve been very pleased with it so far! :)

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5 Todd

Boy you have done a great job in researching the most effective cash back rewards to combat rising gas prices! I didn’t know there so many options out there. Every little bit we can do to save will add up in the long run. I have to be very careful with credit cards, though!

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6 Ryan

Todd,

We all have to be careful with credit cards! But if used properly (paid off every month), there are some very nice rewards to be had.

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7 Adam

no mention of the Pentagon Federal Credit Union Rewards Visa? statement credit of 5% on gas, 2% on groceries, 1.25% on everything else. have to join NMFA for $20 to get the card if you don’t qualify any other way to join PenFed but well worth the cost

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8 Ryan

Adam: As I noted near the end of the article, I left credit unions out of my search because there are too many credit unions to search all of them. Some have limited membership requirements, while others, like PenFed, are easy to join. Thanks for sharing the info, and I hope people take advantage of it! :)

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9 Dan - BankVibe

If you’re ONLY after gas rewards, you’re always going to get more rewarding offers with credit cards that have partnered directly with the gas station (such as a Shell gas card from BofA, or anything along those lines). Out of the list above, the Costco partnership with American Express will allow for exceptional savings on gas considering Costco already offers some of the lowest prices…and the rewards combined with AE add to these savings in a pretty significant way. Just be sure you live next to or have easy access to a Costco..they’re not on every corner!!

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10 Erv

I applied for a PenFed VISA Platinum card and was denied. While it was a little humiliating to be refused with a credit score that is higher than 96.15% of my peers, what I found to be somewhat “scammish” is that you have to be a member before they will consider the application. Thus my $20.00 contribution was required to be made before my application would be processed or reviewed. While there is nothing wrong with philanthropy, the requirement just appears somewhat disingenuous.

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11 PFDeals

Ditto on Chase AAA Visa. I really like the 5% cash back on gas. Now there is a new Safeway promotion that gives up to 20 cents per gallon on top of the credit card rebate if you buy from Chevron stations.

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12 William Charles

You can also get 5% cash back from the fort knox credit union card, don’t need to be a member to apply.

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13 Don

I like my Chase BP Gas Rewards card. I have held this continuously since 1972 that started as a Sohio Gas Credit card and have never been sorry I had it.

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