Best Gas Credit Cards for August 2022

Credit Card Intro Offer Rewards Annual Fee Regular APR Minimum Credit Score
Citi® / AAdvantage® Platinum Select® World Elite Mastercard® Best Overall 50,000 miles after $2,500 in 3 months Earn 2 AAdvantage® miles for every $1 spent at gas stations and restaurants, and on eligible American Airlines purchases. Earn 1 Loyalty Point for every 1 eligible mile earned from purchases. $99 (first year waived) 17.49% to 25.49% 670
Wyndham Rewards® Earner℠ Plus Card Best for Hotels Earn 60,000 bonus points, enough for up to 8 free nights at participating properties after spending $1,000 on purchases in the first 90 days. Earn 6 points per $1 spent on eligible purchases made at Hotels by Wyndham as well as on qualifying gas purchases. Earn 4 points per $1 spent on eligible dining and grocery purchases (excluding Target® and Walmart®). Earn 1 point per $1 spent on all other purchases (excluding Wyndham Timeshare resorts down payments). $75 17.99% or 26.49% 670
PenFed Platinum Rewards Visa Signature® Card Best for Rewards Points $15,000 points after $1,500 in 90 days 5x gas 3x groceries 1x all else $0 14.49% to 17.99% 800
Costco Anywhere Visa® Best for Wholesale Clubs None 4% gas 3% dining and travel 2% at Costco 1% all else $0 17.49% 800
Marriott Bonvoy Business™American Express® Card Best for Business Gas Rewards 100,000 points after $5,000 in 3 months; Up to $150 credit on all purchases within 3 months Earn 6x points at hotels participating in the Marriott Bonvoy(TM) program. Earn 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping. 2x points on all other eligible purchases. $125 17.24% to 26.24% 670
Blue Cash Preferred® Card from American Express Best for Cash Back $300 after $3,000 in 6 months 6% groceries and streaming 3% transit and gas $95 (first year waived) 16.24% to 26.24% 670


Editorial Picks for Best Gas Credit Cards

Citi® / AAdvantage® Platinum Select® World Elite Mastercard®

Best Overall

In addition to earning bonus miles on gas purchases, this card also waives checked bag fees and provides priority boarding. The first year’s annual fee is waived so you can try its benefits free for 12 months.

Read the Full Citi / AAdvantage Platinum Select World Elite Mastercard Review.

Wyndham Rewards® Earner℠ Plus Card

Best for Hotels

Cardholders receive automatic Platinum elite status and exclusive discounts when booking reservations with Wyndham. A bonus of 7,500 points each year that you renew the card.

PenFed Platinum Rewards Visa Signature® Card

Best for Rewards Points

Offers one of the highest rewards on gas purchases with no annual fee. Includes a 0% APR promotion on balance transfers for 12 months with a low standard rate after the promo expires.

Read the full PenFed Platinum Rewards Visa Signature Card Review.

Wells Fargo Propel American Express® Card

Best for No Annual Fee

Earn 3x points on a variety of spending categories with no caps on spending. Your cell phone is protected against damage or theft when you pay your bill with the card.

Read the full Wells Fargo Propel American Express Card Review.

Costco Anywhere Visa®

Best for Wholesale Clubs

Costco members have exclusive access to this gas credit card that offers generous rewards at any gas station. You’ll also receive bonus cash back on dining and travel without any foreign transaction fees.

Read the full Costco Anywhere Visa Review.

Marriott Bonvoy Business™American Express® Card

Best for Business Gas Rewards

Includes automatic elite status and the ability to earn higher status based on spending. Additional cards are available for employees at no extra charge.

Read the full Marriott Bonvoy Business™American Express® Card Review.

Blue Cash Preferred® Card from American Express

Best for Cash Back

Try the card’s benefits free for 12 months with the first year’s annual fee waived. You’ll receive 6% cash back on an average of $500 per month in grocery purchases in the form of a statement credit.

Read the full Blue Cash Preferred® Card from American Express Review.


How Gas Credit Cards Work

Gas credit cards work just like any other credit card in your wallet, except that they offer additional rewards when making purchases from a gas station. These cards typically have a Visa, Mastercard, or American Express logo on them and can be used anywhere those cards are accepted. The rewards earned are typically cash back, airline miles, or hotel points and can be redeemed in a variety of ways.

These are the differences between points, cash back, and discounts that you may earn with your gas credit card:

  • Points: Points are often flexible rewards that can be redeemed in a variety of ways, such as hotel rooms, products, or cash back.
  • Cash back: When your card earns cash back, it can be spent however you choose. Redemptions typically are credits to your statement, deposits to your bank account, or a check that is mailed to your billing address.
  • Discounts: Some rewards are limited in scope and may only be redeemed towards future purchases. Discounts may require that you spend a certain amount per transaction before the discount becomes eligible.

The best credit cards for gas include:

  • Bonuses for spending on gas
  • Additional rewards for other categories that matter to you
  • No annual fee or benefits that justify the fee
  • 0% APR promotional offer
  • Reasonable standard APR on purchases


Types of Gas Credit Cards

Gas credit cards come in two main types: co-branded cards that are offered by partnering banks and oil companies and general rewards cards from the major card issuers. Co-branded gasoline credit cards offer rewards or per-gallon discounts on gas purchases from specific chains, such as BP or ExxonMobil. By contrast, general rewards credit cards with a gasoline rewards component allow cardholders to earn points or cash back wherever they buy gas. In addition to gasoline-related rewards, general rewards credit cards typically offer bonus rewards on other purchase categories or at least pay a base rate on all other purchases, making them a better all-around deal for the consumer.

Pros

  • Compelling rewards for gas purchases

  • Often provide bonus rewards for other spending categories

Cons

  • Interest rates can be higher

  • Per gallon discounts may mean less return if gas prices increase


The Best Way to Compare Gas Credit Cards 

Most major gasoline retailers have signs or even take-one applications in their stations for their co-branded credit cards, and credit card issuers often send out or advertise promotions for their own gas rewards cards. So you’re likely to have any number of cards to choose from.

To know whether you might qualify for a particular card, it’s useful to know your credit score, and there are free resources online where you can obtain it. Most rewards credit cards require good or excellent credit, but there are options for those with fair or even bad credit.

Once you have an idea of which cards you could probably qualify for, consider your buying habits. Do you patronize a particular gas station brand more than the others? If so, that company’s co-branded card could make sense for you. That’s especially true with major companies like ExxonMobil or Shell, which have large national footprints and are likely to have stations wherever you travel. But compare your potential savings with that card to what you might get with a general rewards card that’s less restrictive in where you can use it. Bear in mind, though, that some general rewards cards that offer generous bonus cash back or points exclude gasoline sold at big box warehouse stores like BJ’s, Costco, or Sam’s Club. Others restrict their bonus rewards to U.S. gas stations only.

Ultimately, the best way to compare cards is to run the numbers on how much you could earn based on each card’s rewards program and the amount of money you typically spend on gas each year.

What Is a Gas Credit Card?

A gas credit card allows a cardholder to earn points, cash back, or discounts on gasoline purchases—either with specific gasoline retailers or at any gas station, depending on the type of card.

Are Gas Credit Cards a Good Idea?

Having a credit card that offers bonus rewards on gasoline purchases is a good idea for people who drive a lot. Rather than getting a gas card that is limited to one gas station brand, having a gas credit card that rewards you no matter where you buy gas is the better choice. When the card offers additional benefits and bonus rewards for other categories, you can maximize your spending to earn valuable cash back, points, or miles.

What Credit Score Do You Need for a Gas Credit Card?

The credit score required to get approved for a gas credit card varies based on the bank and which card you choose. Each of the cards on this list requires at least a good credit score (670+), while some require excellent credit (800+). None of the best gas credit cards on our list are geared towards those with bad or fair credit. If your credit needs work, it is best to focus on improving your credit score before applying for one of these gas credit cards.

How Should You Use a Gas Credit Card?

Whether you’re using a general rewards card with a gas rewards bonus or a co-branded gas credit card, it’s important to put all your eligible gasoline purchases on that card. It’s also imperative to pay your balance in full each month, as the interest rates these cards charge can often dwarf any rewards you’ll earn.

For the average American, gasoline purchases account for more than 3% of annual household spending, or slightly more than $2,000 a year, according to the U.S. Bureau of Labor Statistics. With the right rewards card, this spending can be leveraged to potentially save hundreds of dollars a year. Gas prices tend to rise and fall with supply and demand and geopolitical forces, but commuting costs are always an unwelcome part of most people’s monthly expenses. Gas credit cards can help offset part of the pain of getting to and from work or add to the pleasure of vacation road trips.

So, whether your gas rewards credit card gives you a discount of a certain number of cents off per gallon, a fixed percentage in cash back, or bonus points on the total when you fill up your tank, remembering to use it consistently at the pump will yield the most value. And, if your rewards card provides bonus earnings on other categories of spending (like groceries or travel), it could work as your primary card for all transactions. To maximize the value of a gas card or any rewards credit card, it’s important to shift as much spending as possible from cash, check, and debit card transactions to the rewards credit card. That way you can earn some level of cash back or points on every transaction.

Some co-branded gas rewards credit cards offer per-gallon discounts, such as 10 cents off each gallon. While those kinds of discounts may seem attractive when gas prices are low, they are worth less on a percentage basis when gas prices rise. For that reason, a card with a fixed percentage of cash back or points based on the dollars you spend could be a better deal.

How Can You Maximize Gas Rewards Earnings?

The best way to maximize your earnings on a gas rewards card is to always use it when you buy gasoline or any other related purchases that qualify for bonus rewards. If you’re using a co-branded gas card that provides rewards only at a specific retailer, try to patronize that retailer as often as possible.

If you have a general rewards card that provides bonus cash back or points on gasoline category purchases, you’re free to fill up anywhere—but make sure you know if the card excludes the gas pumps at certain major retailers, such as Walmart or Costco. General rewards cards typically make a good primary card to use for all your purchases and often include bonus rewards for other spending categories like groceries or dining. So, beyond maximizing rewards on gas purchases, a general rewards card can optimize earnings across multiple spending categories, resulting in greater rewards in total.

Carrying a balance on any credit card can be expensive, and that’s especially true with gas rewards credit cards, which often have high interest rates. Interest charges can quickly offset any rewards you earn, so it’s important to pay your balance in full each month.

Who Is Best Suited for a Gas Credit Card?

Gas credit cards are best suited for people who spend a fair amount of money each month on gas, such as anyone with a long daily commute. Because gas credit cards often have other rewards with them, consumers will want to find a card that provides maximum benefits between gas and other spending categories that they use most.


Methodology

We reviewed the credit card options across the industry to identify those that offer additional perks and rewards when purchasing gas. Each card was analyzed to gather data points on annual fees, interest rates, earnings power, one-time bonuses, benefits, and more. These data points were then assigned a score so that we could compare different cards to select the best gas credit cards for each type of customer. We continuously monitor credit card websites for changes so we can update our rankings and provide the best advice for our readers.

Meet Out Credit Cards Expert

Ben Woolsey is Investopedia’s Associate Editorial Director of Financial Products and Services, including credit cards. He has more than 30 years of experience in the financial services industry, including marketing for banking and financial institutions such as Associates First Capital and Bank One. Prior to Investopedia, he managed credit card content for CreditCards.com and Bankrate.com.

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