A gas credit card is a great way to get rewards for your ordinary purchases. Some rewards from gas credit cards may include: A percentage back on gasoline, A reduced cost for fuel or Redeemable points. Gas station corporations, like ExxonMobil, have cards that lower the cost of gasoline per gallon and points for your purchases.
However, these cards typically limit users to use at a specific gas-station chain.For drivers looking for the best credit card for gas rewards, they will want to look into station-specific credit cards. Cards like the one Shell issues give cardholders $0.10 to 0.30 off per gallon at Shell stations.
Credit card companies, like American Express and Mastercard, also offer rewards for getting gas and purchases at stations. These cards do not limit cardholders to specific gas station chains, so individuals have more flexibility.
The best gas credit card for cashback is the Blue Cash Preferred Card from American Express with 3 percent cashback for purchases at gas stations and on transit. The cashback covers payments for parking, tolls, and public and private transportation.
Some credit unions, like Pentagon Federal Credit Union (PenFed), also have gas rewards for drivers.
The PenFed Platinum Rewards Visa Signature card gives cardholders 5 points for every $1 paid for fuel at any station.
Costco members may prefer the Costco Anywhere Visa card. This card gives them 4 percent cash back on eligible gas purchases, up to $7,000 annually.
Drivers who have their sights on buying a new vehicle may want to consider using their credit cards. Some credit card programs give members thousands in benefits and cut purchase prices.