Are gas credit cards worth it?

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

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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.

Consider this card for business gas rewards

Universal Premium Mastercard®

  • Accepted at nearly 160,000 fueling locations throughout the United States
  • Choose the most convenient and cost saving sites for your business
  • Prevent unwanted non-fuel spending by limiting purchases only to the pump
  • Open cards to make purchases at over 400,000 maintenance locations
  • Save up to 6¢ per gallon with volume rebates on purchases within the Retail Savings network
  • Save up to 15% on fuel management costs
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Compare gas credit cards

Name Product Welcome offer Rewards Annual fee Filter values
$150 after spending $1,000 in the first 3 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
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
$250 after spending $1,000 in the first 3 months
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
$95
6% cash back at US supermarkets. Rates & fees
$150 after spending $500 in the first 90 days
5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
$0
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. Rates & Fees
$150 after spending $1,200 in the first 90 days
1x points on all purchases and 5x points in quarterly rotating categories on up to $1,500 each quarter you activate, then 1x points
$0
Earn $150 in statement credit after you spend $1,200 on purchases within the first 90 days from account opening.

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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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