Gas Credit Cards: Top Business & Personal Cards For Gas
If your business has you driving to and fro with any frequency — or if you simply do a lot of driving — you might want a credit card with a rewards system geared towards saving you money on gas purchases. Thankfully for you, many credit card issuers offer gas credit cards designed to get you earning points or cash back for the gas purchases you have to make anyway.
Let’s examine both the business cards and the personal cards that give you the best rewards for your gas purchases.
|Credit Card||Card Type||Gas Rewards|
|BofA Business Advantage Cash Rewards Mastercard||Business||3% cash back|
|US Bank Business Cash Rewards World Elite Mastercard||Business||3% cash back|
|SimplyCash Plus Business Credit Card from Amex||Business||3% cash back|
|Chase Ink Business Cash||Business||2% cash back|
|Citi Premier Card||Personal||3X points|
|Blue Cash Preferred Card from Amex||Personal||3% cash back|
|Hilton Honors American Express Card||Personal||5X Hilton Honors points|
|Sam’s Club Mastercard||Personal||5% cash back|
Table of Contents
Best Gas Rewards For Business Credit Cards
Bank Of America Business Advantage Cash Rewards Mastercard
There’s a lot for business owners to like about the Bank Of America Business Advantage Cash Rewards Mastercard. There’s the lack of an annual fee, the relatively low APR that applicants with sufficiently good credit can qualify for, and the intro 0% APR for nine months. The Business Advantage Cash Rewards Mastercard happens to be a great gas rewards card as well.
This card lets you earn 3% cash back on your first $250,000 per year in purchases at gas stations and office supply stores. Assuming you use this benefit entirely on gas purchases, that’s $7,500 in potential cash back you can earn each year on gas.
Combine that with membership in the Business Advantage Relationship Rewards program (which gives you an additional 25% – 75% rewards bonus on your purchases) and you can actually save up to 3.75% on your gas purchases. Not too shabby!
In addition to the above rewards, you’ll earn 2% cash back on purchases at restaurants and 1% cash back on all other purchases. If your spending on gas exceeds $250K a year, your remaining gas purchases that year will still earn you cash back, just at the 1% rate.
US Bank Business Cash Rewards World Elite Mastercard
The US Bank Business Cash Rewards World Elite Mastercard is another business card designed to reward companies with significant driving needs.
You’ll be earning 3% cash back on gas, cellular, and office supply store purchases. The best feature of this card is the fact that there are no limits on the amount of cash back you can earn at the 3% rate. So, if your business has you spending more than $250K a year on gas (and on cellular bills and office supplies), this card will be a better gas card for you than the BofA Business Advantage Cash Rewards Mastercard.
The US Bank Business Cash Rewards World Elite Mastercard also pays out 1% cash back on all purchases not covered by the 3% cash back categories. You can also get an annual 25% cash back bonus based on your previous year’s cash back rewards. This bonus maxes out at $250.
In addition, this card carries no annual fee and comes with a very generous 15-month introductory 0% APR period.
SimplyCash Plus Business Credit Card From American Express
SimplyCash Plus Business Credit Card from American Express
14.49% - 21.49%, Variable
Here’s another business credit card offering 3% cash back on gas: the SimplyCash Plus Business Credit Card from American Express. This is a solid gas card for businesses that spend a lot on gas but don’t spend so much that they stand to benefit from the high-to-nonexistent 3% cash back earning limits of the previous two cards discussed.
This Amex business card’s reward structure goes like this: You earn 5% cash back at US office supply stores and on wireless telephone services purchased directly from US service providers. Next, you earn 3% cash back on one of eight bonus spending categories of your choosing, and gas station purchases are one such category. You’ll earn 1% cash back on all other purchases.
The 5% and 3% cash back rates apply toward the first $50,000 in purchases in each category per calendar year with the 1% rate applying thereafter.
Beyond that, the card carries no annual fee, an introductory nine month 0% APR period, and the ability to buy above your credit limit provided you pay the amount above your credit limit in full each month.
Chase Ink Business Cash
Chase Ink Business Cash
15.49% - 21.49%, Variable
The Chase Ink Business Cash card is one of the best business cards out there for cash rewards — and it also happens to work well as a gas credit card.
With the Ink Business Cash, you’ll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each year. You’ll also earn 2% cash back on your first $25,000 spent annually at gas stations and restaurants, and 1% cash back on all subsequent purchases in these categories and on all other spending. If you do a decent amount of driving for work, but not a huge amount, the Ink Business Cash should work well for you as a gas card.
The Ink Business Cash has no annual fee and a 12-month introductory 0% APR period. You can also redeem your cash back for more than just a statement credit. Through Chase Ultimate Rewards, you can redeem your cash back for cash, gift cards, booking travel, and more.
Best Gas Rewards For Personal Credit Cards
Citi Premier Card
The Citi Premier Card is a travel rewards card that offers 3X points on gas purchases. Let’s learn more!
With the Citi Premier Card, you can earn three points per dollar spent on travel including on gas purchases. There’s no limit to the amount of travel spending you can do per year while earning triple points. If either your business life or your personal life sees you doing lots of travel by both air and land, the Citi Premier Card should serve you well.
You’ll also earn 2X points at restaurants and on entertainment and 1X points on all other purchases. The card carries a $95 annual fee, though this fee is waived the first year.
While the card lacks an introductory 0% APR period, it does sport a nice bonus offer: 50,000 bonus points after you spend $4,000 on purchases within three months.
Blue Cash Preferred Card From American Express
With the Blue Cash Preferred Card from American Express, you’ll earn 6% cash back on your first $6,000 per year in purchases at US restaurants and an unlimited 3% cash back on all US gas station purchases. If you want a card that’s ideal for driving to the grocery store, the Amex Blue Cash Preferred card couldn’t be a better fit.
Along with the above cash back categories, you’ll earn 1% on all other purchases and on grocery purchases above the annual $6,000 high-earning limit. You’ll also get 12 months of 0% APR and a $200 statement credit if you spend $1,000 on purchases in your first three months.
Rewards can be redeemed for statement credits, gift cards, and merchandise from hundreds of retailers. On the downside, the card carries a $95 annual fee which is not waived for the first year.
Hilton Honors American Express Card
Do you spend a lot on gas? Are you a frequent guest at Hilton hotels (or would you like to be)? If you answered yes to these questions, check out the Hilton Honors American Express card.
This Amex Hilton travel card offers 7X Hilton Honors points on all spending at Hilton properties, 5X points on all US gas station purchases and on all US restaurant and supermarket purchases, and 3X points on all other purchases.
Now, the 5X points you’ll earn on gas is about the best rewards earning rate you’ll find for gas purchases with any credit card, anywhere. The downside, of course, is that the points you earn can only be used for Hilton-related travel. But if that’s your thing, consider the Hilton Honors Amex card.
When you get the card, you’ll get complimentary Silver status in the Hilton Honors program, thus increasing the value of your points. And if you spend $20,000 on eligible purchases in a calendar year, you can achieve Gold status through the end of the next calendar year.
The Hilton Honors Amex card carries no annual fee.
Sam’s Club Mastercard
The Sam’s Club Mastercard offers an impressive 5% cash back on gas purchases. Considering the fact that you’re earning cash back and not proprietary points, that’s an eye-opening earning rate for gas purchases. However, you’ll have to be a Sam’s Club member in order to apply, and you can’t earn 5% cash back on gas purchased at the gas stations of competing wholesalers like Costco.
You’ll also earn 3% cash back on dining and travel and 1% on all other purchases. What’s more, the card has no annual fee, though Sam’s Club membership — a requirement to get the card — costs $45 a year.
Credit cards can lead you down the wrong path if they simply encourage you to rack up charges in the pursuit of rewards. However, a sizable portion of the population spends heavily on gas as it is. By using a gas credit card to earn rewards on these gas purchases, you can earn rewards each time you fill up at the pump.
Still on the lookout for a credit card that makes sense for you? Not sure you’ll qualify for the kind of card you want? Let Merchant Maverick help you sort things out!