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Are gas credit cards worth it?

You could earn rewards on gas, as well as dining and groceries.

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Fact checked

A gas credit card could be worth considering if you’re often on the road and want to earn back some cash when filling up your tank. But even though a gas rewards credit card could be an excellent way to save some money, it’s important to consider the pros and cons before deciding if it’ll be worthwhile for you.

Benefits of gas credit cards

Features vary among this type of credit card, but the benefits you will likely find are:

  • Rewards.
    Most gas credit cards let you earn cash back, but some offer discounts, points or miles on your purchases. You’ll get rewards on gas purchases, as well as on other categories such as groceries and dining.
  • Signup bonus.
    With these type of cards, typically you’ll get a chance to earn a signup bonus when you meet spend requirements within your first months of card membership. Depending on the card, it can be up to $300 in reward value.
  • Redemption options.
    Since the majority of gas credit cards are cashback cards, you can redeem your rewards as a statement credit or a deposit to your account. Other redemption options may include gift cards, merchandise and sometimes travel options.
  • Additional features.
    Some of the gas credit cards come with a 0% intro APR period on balance transfers and purchases. Additional features may include travel insurance, purchase protection, zero liability and more.

What to watch out for with gas credit cards

Just as you’ll find great features with gas credit cards, there are some drawbacks. For example:

  • Annual fee.
    Most gas credit cards have no annual fee. But there are cards that can cost up to $95. Make sure you’re getting more value than the fee you’re paying for the card.
  • Interest rate.
    Rewards cards, in general, have higher APR than other types of cards. Be sure to pay your balance on time to avoid paying interest. Otherwise, you could offset your reward value.
  • Points caps.
    Some cards impose a limit on the number of rewards points or cash back you can earn per quarter or annually. If your expenditure exceeds that cap, you’ll earn fewer points for additional dollars spent.
  • Limited use.
    Some cobranded credit cards will only let you earn at a specific brand of gas stations. Purchases made at other gas station won’t earn you accelerated rewards. Luckily, this is not the case with all gas credit cards.

Our pick for rewards on gas

Costco Anywhere Visa® Card by Citi

  • Discover one of Citi's best cash back rewards cards designed exclusively for Costco members
  • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
  • 3% cash back on restaurants and eligible travel purchases
  • 2% cash back on all other purchases from Costco and Costco.com
  • 1% cash back on all other purchases
  • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
  • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
  • The standard variable APR for Citi Flex Plan is 15.24%. Citi Flex Plan offers are made available at Citi's discretion.
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Compare gas credit cards

Name Product Welcome offer Rewards Annual fee Filter values
Blue Cash Preferred® Card from American Express
$300 after spending $3,000 in the first 6 months (Offer expires 12/10/2020)
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
$0 intro annual fee for the first year ($95 thereafter)
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Rates & fees
Blue Cash Everyday® Card from American Express
20% at Amazon.com up to $200 back in the first 6 months, plus $100 after spending $1,000 in the same timeframe
20% at Amazon.com up to $200 back in the first 6 months, 2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
This everyday cashback card is ideal for Black Friday and holiday shopping with 20% back at Amazon.com up to $200 back in the first 6 months. Rates & fees
Chase Freedom Flex℠
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
$0
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
Earn up to 2% on every purchase with no annual fee. This is the highest flat-rate cashback card on the market.
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Bottom line

If you’re often on the road and spend thousands of dollars on gas, getting a gas credit card could be worth it. Don’t forget, most gas credit cards also earn accelerated rewards on additional categories such as groceries and dining, which gives added value to the card.

But before deciding on a card, make sure you compare your credit card options until you find the right fit.

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