The Best Credit Cards for Gas Spending

Embarking on a road trip is an enjoyable way to see some of the most beautiful and scenic parts of the world. Yet, amidst the thrill of the open road, there’s a constant and substantial expense – gas. Whether you’re taking a road trip around the Midwest or exploring the scenic coast of Big Sur, gas expenses can add up significantly. Even if you’re merely going about your daily life, chances are you’re refueling your vehicle a few times per week. The key to saving money and maximizing rewards lies in using travel rewards credit cards.

Maximizing Rewards on Gas Spending

Not only can you earn substantial rewards on everyday spending, but you can also use points and miles to save money on travel. You can see a 5% return or higher on your gas spending with the right credit card. Navigating this complex world and finding the best card can be challenging. Here’s a list of highly recommended credit cards for gas spending along with tips on what to look for when narrowing down your options:

The Best Credit Cards for Gas

Best Overall: Chase Freedom Flex® Credit Card

The Chase Freedom Flex® Credit Card stands out due to its attractive rewards structure and versatile benefits. The card earns 5% cash back on combined gas station and grocery store purchases on up to $12,000 spent in the first year. It also allows cardholders to capitalize on substantial cash-back rewards while fueling up, making it a lucrative option for those who frequently spend on gas.

U.S. Bank Altitude Connect: Best for Gas and EV

The U.S. Bank Altitude Connect Visa Signature Card is ideal for both gas and Electric Vehicle (EV) spending. Cardholders earn 4 points per dollar spent at gas stations and EV charging stations, equivalent to a 4% cash back rate on these purchases. Additionally, the card provides rewards on broader spending, enhancing its overall value.

Citi Premier® Card: Best for Transferable Points

The Citi Premier® Card earns 3X points per dollar on gas station purchases, which is an advantageous option for those who frequently fuel their vehicles. With the added benefit of being transferable to 18 airline and hotel loyalty programs, this card maximizes points earning potential significantly.

Blue Cash Preferred® Card from American Express: Best for Cash Back

This card offers unlimited 3% cash back on gas purchases without any caps on earnings, making it one of the best options for generating cash back on fuel expenses.

PenFed Platinum Rewards Visa Signature® Card: Best for Credit Union Customers

The PenFed Platinum Rewards Visa Signature Card offers an impressive 5X points on gas purchases, standing out as a top choice for credit union customers seeking rewards on fuel expenses. The absence of an annual fee additionally enhances its appeal.

Wells Fargo Autograph℠ Card: Best for No Annual Fee

This card earns 3 points per dollar on travel, gas, restaurant, transit, and popular streaming purchases. The straightforward rewards rate makes it ideal for those seeking high returns on gas spending without the complexity of rotating categories.

Who Should Get a Credit Card for Gas Spending?

A credit card for gas spending can be particularly beneficial for individuals who commute frequently or rely on their vehicles for personal travel. These cards often offer cashback or points on gas transactions, helping to offset a significant expense many Americans have. Furthermore, many credit cards with gas station bonuses do not carry an annual fee, making them an attractive option.

How to Choose the Best Credit Card for Gas Stations

When selecting the best credit card for gas expenses, it’s important to consider your spending habits and financial goals. Focus on cards that offer substantial rewards or cashback for gas purchases along with other common expenses. Also, analyze any associated annual fees to ensure the benefits outweigh the costs. Lastly, review the card’s perks like purchase protections, travel benefits, and flexibility in reward redemption.

FAQ

Which Credit Card is Best for Gas?

The best credit card for gas spending varies based on personal preferences, with options like the Chase Freedom Flex® Credit Card and PenFed Platinum Rewards Visa Signature® Card being among the highest earners.

Is it Worth Getting a Credit Card Just for Gas?

Acquiring a credit card specifically for gas purchases can be worthwhile if you frequently spend considerably on fuel. Such cards typically reward large expenditures effectively.

* Eligibility and Benefit levels vary by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details.

Editorial disclaimer: Opinions expressed here are the author’s alone and have not been reviewed or endorsed by any financial entity.