For those who drive a lot of miles, a gas rewards credit card can save money. There are several cards available today that pay elevated cash back rewards at the pump. Here are the best gas rewards credit cards of 2022.
A gas rewards credit card pays a higher rate than average on gas purchases. We’ve selected some of the best gas rewards credit cards based on a number of factors. These factors include the rewards rate on gas purchases, the rewards rate on other purchases, the signup bonus, if any, and the annual fee.
Best Gas Rewards Credit Cards
Blue Cash Preferred® Card from American Express
The card also offers a welcome bonus of $300 when you spend $3000 on the card in the first 6 months. The bonus is paid in the form of a statement credit.
So how much can this card generate in cash back on gas? According to the Bureau of Labor Statistics, the average household spends $250 a month on gas. This would generate $90 in cash back per year just on fuel purchases.
- Welcome Bonus: $300
- Gas Rewards Rate: 3%
- Annual Fee: $95
Citi Custom Cash Card
You don’t have to signup each quarter and you don’t have to worry about which category is active. Just use the card as you normally would, and Citi applies the 5% to the eligible category in which you spent the most (up to $500 a month). And gas is an eligible category.
The card also offers a signup bonus of $200 when you spend $750 on the card in the first 3 months.
If you maxed out the 5% reward each month on gas, you’d earn $300 a year on cash back on gas purchases alone.
- Signup Bonus: $200
- Gas Rewards Rate: Up to 5%
- Annual Fee: $0
Costco Anywhere Visa Card by Citi
You don’t have to signup each quarter and you don’t have to worry about which category is active. Just use the card as you normally would, and Citi applies the 5% to the eligible category in which you spent the most (up to $500 a month). And gas is an eligible category.
The card also offers a signup bonus of $ when you spend $0 on the card in the first months.
If you maxed out the 5% reward each month on gas, you’d earn $300 a year on cash back on gas purchases alone.
- Signup Bonus: $
- Gas Rewards Rate: Up to 5%
- Annual Fee: $0
Verizon Visa Card
Rewards are paid out in Verizon Dollars. These rewards can be used to pay your Verizon bill, including FIOS, as well as make purchases from Verizon. As such, the card only works if you are a Verizon customer.
Here is the card’s rewards structure:
- 4% rewards on groceries and gas purchases
- 3% on restaurants including takeout
- 2% on Verizon purchases
- 1% on all other purchases
For those who spend $250 a month on gas, the card would generate $10 in Verizon Dollars a month.
- Signup Bonus: None
- Gas Rewards Rate: 4%
- Annual Fee: $0
You’ll find even more gas rewards credit cards here.
Gas Cards We Are Still Evaluating
As I was preparing this list of the best gas rewards cards, I spent a lot of time on the “big” credit card sites. Their lists of gas cards are cookie-cutter. They list the cards that will pay them an advertising fee, and ignore the rest. As a result, you see the same cards at every site.
So I dug deep into forums and other sites to find those cards the big sites ignore. I’m still evaluating them, but here’s the list:
- Wyndham Rewards Earner® Business Card (8 points per $1 spent on gas)
- USAA Cashback Rewards Plus American Express® Credit Card (5% cash back on your first $3,000 in combined gas station and military base Purchases yearly)
- Abound Credit Union Platinum Visa® Credit Card (5% cash back on gas)
- Citi Premier® Card (3x on gas)
- Sam’s Club Mastercard (5% cash back on gas up to $6,000 in purchases each year)
- PNC Cash Rewards® Visa® Credit Card (4% cash back on gas)
- PenFed Platinum Rewards Visa Signature Card (5x points on gas)
- Bank of America Customized Cash Rewards Credit Card (3% cash back in category of your choice, including gas. Preferred Rewards can add up to 75% to this reward)
- People Caring More Credit Union Platinum Master Credit Card (5% up to $1,000 monthly spend)
- Aerospace FCU Platinum Visa Cash Back (5% up to $7,000 annually)
- Huntington Bancshares “Business Voice” Mastercard (4% up to $7,000 quarterly)
Methodology
This isn’t rocket science. We looked for the credit cards that pay the highest cash back rewards for gas purchases.
How to Pick a Gas Rewards Credit Card
Finding a card that pays a lot on gas is the easy part. Unless you spend a truckload on gas, you’ll likely spend a lot more in other categories. So it’s important to look beyond the gas rewards rate and evaluate your overall credit card rewards strategy.
The first step is to determine how many credit cards you want to use on a regularly basis. If it’s just one, you’ll likely do better with a 2% cash back card on all purchases. You won’t earn as much on gas as you would with many of the cards above, but your overall cash back will likely be higher.
If you are willing to carry more than one card, the next step is to evaluate what spending categories generate the most spend. It’s these categories that should determine your second, third or even fourth cards. And if one of those categories is gas, then one of the cards on this page is likely to be a solid option.
