5 Best Gas Rewards Credit Cards


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Gas prices are again approaching (or exceeding) $4.00 a gallon. It's really cramping our summer road trip plans. Using credit cards with good gas rewards can save a bundle this summer as gas prices climb ever higher.

How to Pick the Best Gas Card

First, you want to consider the savings you will realize from each card. Some products offer a percentage off your total purchase, while others grant a fixed amount of savings per gallon.

Next, think about where you buy gas and which stations in your area have the lowest price. Some cards are specific to a brand, while others allow you to choose most stations except for warehouse stores. 

Finally, consider the other benefits of each card. Several of the cards on this list offer excellent rates of cash back for purchases beyond gas, while others do not. This is important if you plan on using this card for more than just fuel purchases.

Our Top 5 Gas Rewards Cards

Here are my top picks for gas rewards credit cards.

Blue Cash Preferred® Card from American Express

The Blue Cash Preferred® Card offers a great 3% cash back at US gas stations. Other rewards include 6% back at US supermarkets (up to $6,000 per year, then 1%) and 3% at select US department stores. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. It does have an annual fee of $75, but the extra generous cash rewards can make up for the cost if you spend a lot at the pump each year.

Sign up offer: Get $150 back after you spend $1,000 on purchases on your new Card within your first 3 months. You will receive $150 back in the form of a statement credit. Also, get 0% intro APR on purchases and balance transfers for 15 months. After that, your APR will be a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.

  • Get $150 back after you spend $1,000 on purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 6% US supermarkets up to $6,000 per year in purchases, 3% 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.
  • A credit card that gives you cash back with a 0% Intro APR Offer on purchases and balance transfers for 15 months.
  • After that, your APR will be a variable rate, currently 12.99%-21.99% based on your creditworthiness and other factors.
  • Terms and restrictions apply.

Click here to apply for the Blue Cash Preferred® Card today!

Blue Cash Everyday® Card from American Express

If you don't want to fork out for an annual fee, or your gas and grocery consumption isn't enough to justify it, try the no-annual-fee Blue Cash Everyday®, which gets you 2% cash back at US gas stations, 3% at US supermarkets (up to $6,000 per year, then 1%), and 2% at select US department stores. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.

Sign up offer: Get $100 back after you spend $1,000 on purchases on your new Card within your first 3 months. You will receive $100 back in the form of a statement credit.

  • Get $100 back after you spend $1,000 on purchases on your new Card in your first 3 months. You will receive $100 back in the form of a statement credit.
  • Hassle-free cash back: no enrollment required, the same great reward categories year-round.
  • Earn Cash Back: 3% 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.
  • No Annual Fee. A Credit Card that gives you cash back with a 0% Intro APR Offer on purchases and balance transfers for 15 months.
  • After that, your APR will be a variable rate, currently 12.99%-21.99% based on your creditworthiness and other factors.
  • Terms and restrictions apply.

Click here to apply for the Blue Cash Everyday® Card today!

TrueEarnings® Card from Costco and American Express

For those familiar with this brand, the word Costco is synonymous with savings. The TrueEarnings® Card from Costco and American Express offers 3% cash back at US gas stations (up to $4,000 per year in purchases, then 1%). Other benefits include 2% cash back at US restaurants and eligible travel purchases, along with 1% cash back on other purchases. You will receive your cash back annually in the form of a reward coupon. There is no annual fee for this card with your paid Costco membership.

  • Earn cash back: 3% US gas stations up to $4,000 per year in purchases; 2% US restaurants & eligible travel; 1% other purchases. See details.
  • 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
  • Maximize your cash back: Add additional Card Members to help get more cash back for you, also with no annual fee for Costco members
  • Terms and restrictions apply

Click here to apply for the TrueEarnings® Card today!

Discover it® chrome

The newest addition to Discover's family, the Discover it® chrome card offers a straightforward 2% cash back on all gas and restaurant purchases (up to $1,000 in combined purchases each quarter, no sign-ups needed), and 1% cash back on all other purchases. You also get the benefit of getting 5-20% cash back if you shop through their online portal which feature over 200 online retailers. Another outstanding feature of this card is the 0% promotional financing on both new purchases and balance transfers for 14 months. Plus, you get a free FICO® Credit Score online and on your monthly statement, and this card looks out for you: each Discover purchase is monitored. If it's unusual, you're alerted by email, phone, or text — and never responsible for unauthorized Discover card purchases. There are no foreign transaction fees, so take this card with you for dining aboard. There is no annual fee.

Note: This offer is no longer available.

Barclaycard® Rewards MasterCard®

credit card

The Barclaycard® Rewards MasterCard® offers 2 points per $1 on gas, grocery, and utility purchases (and 1 point per $1 everywhere else). Use the points like cash to pay for almost any purchases you've made. There are no redemption fees, no limit on the points you can earn and no complicated set up. Active cardmembers receive complimentary FICO® Credit Scores -- opt-in to have instant and convenient access from your Barclaycard online account. There is no annual fee.

Click here to apply for the Barclaycard® Rewards MasterCard®

Visa Platinum Cashback Rewards Card From PenFed

PenFed is the Pentagon Federal Credit Union. They are one of the largest credit unions in the country, and offer some of the most consumer friendly products on the market. Their Platinum Cash Rewards card offers 3% cash back on all gasoline purchases (5% for those who have another qualifying PenFed product, like an active checking account with direct deposit, mortgage, etc.). PenFed also has a great reputation for low fees. This card has no — 9.99%. To apply for this card, you must be a member of the credit union, which is open to current and former members of the military, many government contractors, their relatives, and household members. Even if you do not qualify on this basis, you can do so by making a one-time, $15 donation to a military charity.

The Downsides of Gas Cards

Now that you know about all the great deals out there, pause for a second and consider if one of them is really right for you. As with all reward cards, you are not saving any money unless you are paying each statement in full and on time. To do otherwise ensures that you will owe more in interest that you ever earn in cash back. Also remember that you are not saving much money if you have to pay a higher initial price or drive further to take advantage of credit card rewards. Finally, consider how much money your household can save with one of these cards over the course of the year. That amount has to easily exceed the cost of any annual fees, or the point is moot.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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Guest's picture

I'm surprised you didn't the fort knox visa rewards card. It has a 5% cashback gas rebate as well.

Guest's picture
Long

I really like the American Express Blue Card. I use it exclusively for my gas purchases, but have recently debated getting the Costco TrueEarnings card mentioned. I love Costco and go quite often, so it might be more beneficial to me to pay for membership and get the credit card too.

What concerns me lately is that I'm seeing more and more gas stations have two sets of prices. One for cash paying customers and one for credit card/debit card users. I try to only put Chevron gas in my car so it kind of forces me to pay cash or even consider their corporate branded card (they charge the cash price if you use their branded card).

Guest's picture

Decisions, decisions. I'm always ready to switch gears but it starts to make my head spin.

Guest's picture

Wow, thanks for the heads up! We have the Costco card but honestly don't even use it anywhere else. From now on, we'll be using that card any time we get gas off base. We use our Military Star Rewards from Chase on base, since it gives 2% cash back on gas purchases on base; those prices are already lower than typical off-base prices.

Thanks again!

Guest's picture

Has anyone had good luck with a travel rewards card?
Looking for a way to save money on family vacations.
Thanks for the article.
Michelle

Guest's picture

Some other cards worth looking at:

Chase Freedom (5% on cash two quarters per year the last two years, you can also get a 10% bonus if you have a chase checking account open)
Fort knox visa rewards straight 5% cash back on all gas purchases