The average American spends almost $4,000 on gas each year. Did your eyes just bug out of your head? Mine did when I looked at the numbers. With gas prices inching their way up each year, you can't afford to buy gas without carefully analyzing your budget. Since most Americans rely on gas in their daily lives, we've searched for the best ways to get more for your money at the gas pump.
Now, let's get one thing straight. Unless you're a super loyal customer to a certain gas brand, getting a station specific card just isn't worth it. It's more likely you're someone who gets the cheapest gas when you need it and if that's the case it makes much more sense to go with a general card where you can earn rewards on your gas purchases. Here are our picks for the best credit cards for gas.
This very popular rewards card is much easier to get than an American Express and has no annual fee. Arguably this card is actually only good for gas at certain times of the year with Chase's rotating rewards program. You'll get 5% cash back on the rotating rewards category (ie. gas, travel, groceries, etc) per quarter. So, for example, in 2012 you got 5% cash back on gas in quarter's 1 and 3. Other features include:
This is a great credit card for gas, but there are a few caveats. PenFed’s a credit union, so you’ll have to donate $15 to Voices for America’s Troops or the National Military Family Association to join. The next is that you must have near perfect credit. If you have it though, this truly could be the best card for gas, especially with no rewards caps.
If you're Costco loyal, this card's for you. They've got great rewards and if you're already a member, it's free.
This card is very similar to the Chase Freedom card, but there is a $250 limit on rewards earning per billing period.
What's your favorite credit card to use when buying gas? Let us know in the comments below!
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