Author: Ivy Finley
Even though gas is highly important, it is often not part of the household budget. Now that its price is continuously rising, it is quite tempting to just have the gas station branded cards to gain rewards and other perks.
However, it doesn’t seem to be the best solution because having a branded gas station card will tie you up with a single brand of a gas service station. That sounds like a total inconvenience.
Interestingly, the impressive trick to saving money when purchasing gas is to use a credit card that will give at least 3% back on every dollar spent on gas.
Nevertheless, finding the best credit card for gas can be tough and overwhelming due to countless options.
Good news! we’ve compiled a list of the best credit cards for gas purchase deals.
How do Credit Cards for Gas Work?
Generally, there are only two types of credit cards for gas you can use. The first type of gas credit card is those that only work on specific gas stations.
Meanwhile, the second type of credit card for gas is on the major payment networks, such as American Express, Mastercard, and Visa. What’s good about this type is that they provide rewards and bonuses regardless of where you purchase your gas.
If you are loyal and don’t find it inconvenient to buy continuously from a particular gas station, the first type of payment card might be suitable for you.
But if you can’t, the best choice is the second type of credit card for gas. You need to consider your needs and preferences before choosing what suits you.
4 Best Credit Cards for Gas
As mentioned, choosing a credit card for gas must be aligned with your spending habits and the rewards and bonuses you like to earn.
Let’s review a handful of the best Credit Card for Gas
1. Bank of America Customized Cash Rewards Credit Card
Initially, the Bank of America Customized Cash Rewards Credit Card was rewarding to have for certain purchases. However, its Preferred Rewards are much more beneficial.
To qualify for the perk, you must be a Bank of America customer. In particular, you can earn 25%-75% more cashback with every purchase with Preferred Rewards.
Additionally, this credit card is impressive since it doesn’t require an annual fee, and the rewards have no expiration.
For gas cashback, you can start with a 3% cashback bonus. Before getting this, you need to decide if the 3% cashback is enough return for you to be loyal to the Bank of America.
2. Blue Cash Preferred Card from American Express
You can never go wrong with the Blue Cash Preferred Card from American Express since it is one of the most well-rounded cashback credit cards for gas in the market.
It rewards practical spending on gas and other purchases.
All in all, this credit card is best for heavy spenders since it gives cashback for everyday spending. It has long-term value to enjoy.
3. Citi Custom Cash Card
What’s great about the Citi Custom Cash Card is that it has no annual fee. At the same time, there are no rotating bonus categories required to sign up for this credit card.
This credit card automatically gives 5% cash back on up to $500 purchase each month. You need to know that your rewards also influence your cashback.
4. Wells Fargo Autograph Card
The Wells Fargo Autograph Card is another great credit card for gas that requires no annual fee. It offers extra rewards on gas and other purchases. Interestingly, the credit card accumulates points on every gas purchase.
Takeaway
Indeed, even a little cashback and rewards from the credit card can go a long way, especially if you are a big spender. That’s why it is helpful to choose the one that suits your purposes and expenditure.