A report published by the American Automobile Association more commonly known as AAA found that the average American spends 7% of their annual income on gas. While fuel prices have dipped in recent months, the amount Americans spend on fuel each year is still quite significant. For many Americans, especially those living in cities with few public transportation options and those living in rural communities, paying for gas is just a part of everyday life. Unfortunately, unlike with other everyday expenses, there are few ways to save at the pump. When was the last time your local filling station took part in Black Friday? Still, there are ways that you can lessen the impact of filling up your car.
One of the best ways to offset the cost of gas is to use a credit card that earns a bonus at gas stations. There are dozens of credit cards that offer cardholders a bonus when they use their card at the pump. Whether you’re looking to earn travel rewards or cash back, there’s no shortage of credit cards offering a bonus at filling stations. Here are the 5 best credit cards to use at gas stations.
Earning Rewards and Cash Back at Gas Stations
All credit cards that earn rewards or cash back allow cardholders to earn rewards at gas pumps. However, most credit cards earn base rewards when used at gas stations. That is, if a credit card earns 1x points on most purchases, that card will most likely earn 1x points at gas stations. That being said, there are credit cards that allow cardholders to earn additional rewards or cash back when they use their card at gas stations.
According to AAA, the average American spends roughly $1,500 a year on gas. For credit cards earning rewards at rate of 1 point per dollar spent, this means cardholders will earn just 1500 points when they use their card at the pump. Similarly, cash back credit cards that earn 1% back at gas stations will yield an annual cash back amount of just $15. These are not great figures by any means. Luckily, there are a number of credit cards that offer a bonus when cardholders use their card to fill their tanks. Here are the 5 best credit cards to use at the gas pump in 2020.
5 Best Credit Cards for Gas
The following 5 credit cards are the best cards to use at U.S. gas stations. This list includes the best cards for cash back, airlines rewards, hotel rewards, travel rewards, and student rewards. The credit cards included in this list reflect each card’s current offer and earning structure for the month of October. This list will be updated accordingly each month.
Current Bonus Offer: Receive $300 in cash back when you spend $3,000 in your first 6 months.
Overview: A solid cash back rewards credit card from American Express featuring a waived annual fee for the first year. Learn more.
At The Pump: 3% Cash Back
The Blue Cash Preferred Card from American Express is a fantastic cash back credit card. The Blue Cash Preferred Card offers an annual fee that’s waived for the first year ($95 following first year) and an introductory APR of 0% for the first 12 months. At the pump, cardholders will receive unlimited 3% cash back. If you were to spend $1,500 annually at the pump and used your Blue Cash Preferred Card, you’d earn $45 cash back annually. The Blue Cash Preferred Card from American Express also offers additional bonus categories and earns 6% cash back on streaming services, 3% on transit, and 6% at U.S. supermarkets for the first $6,000. Learn more about the Blue Cash Preferred Card here.
Current Bonus Offer: Receive 50,000 bonus miles when you spend $2,500 in your first 3 months.
Overview: Travel rewards credit card that earns American Airlines AAdvantage miles offering a few traveler friendly perks and benefits. Learn more.
At The Pump: 2x AAdvantage Miles
The Citi / AAdvantage Platinum Select World Elite Mastercard is a fantastic travel rewards credit card earning American Airlines AAdvantage miles. With an annual fee of $99 that’s waived for the first year, the annual fee likely pays for itself in the benefits and welcome bonus this card offers to cardholders. The Citi / AAdvantage Platinum Select World Elite Mastercard earns 2x AAdvantage miles when used at the gas pump. If you spent $1,500 on gas annually and used this card, you’d earn 3,000 AAdvantage miles annually. This card also offers a few additional benefits and perks that are ideal for American Airlines frequent flyers. Learn more about the Citi / AAdvantage Platinum Select World Elite Mastercard here.
Current Bonus Offer: Receive 80,000 Hilton Honors points when you spend $1,000 in your first 3 months.
Overview: No annual fee credit card that earns Hilton Honors points featuring lucrative welcome bonus offer. Learn more.
At The Pump: 5x Hilton Honors Points
With no annual fee, you might be surprised to learn that the Hilton Honors Card from American Express currently features a lucrative welcome bonus. New cardholders will receive 80,000 bonus Hilton Honors points when they spend $1,000 in the first 3 months of opening a card. The Hilton Honors Card from American Express is also great for filling up your tank, earning unlimited 5x Hilton Honors points at the pump. If you spend $1,500 annually at the pump and use your Hilton Honors Card, you’ll earn 7,500 Hiltons Honors points annually. This card also offers cardholders complimentary Hilton Honors Silver elite status. Learn more about the Hilton Honors Card from American Express here.
Current Bonus Offer: Receive 15,000 bonus points when you spend $1,000 in your first 3 months.
Overview: Well-rounded travel rewards credit card that is excellent for smaller everyday purchases like groceries and gas. Learn more.
At The Pump: 2x Points for first $6,000
A well-rounded rewards credit card, the Citi Rewards+ card currently features a welcome bonus of 15,000 ThankYou points after cardholders spend $1,000 in the first 3 months of opening an account. The Citi Rewards+ credit card is fantastic for those smaller everyday purchases. This card earns 2x points for the first $6,000 in purchases at U.S. gas stations. If you were to spend $1,500 on fuel annually and use the Citi Rewards+ Card, you’d earn 3,000 ThankYou points each year. The Citi Rewards+ Card also earns 2x points at U.S. supermarkets up to the first $6,000 in combined gas and supermarket purchases. Learn more about the Citi Rewards+ Card here.
Current Bonus Offer: This card does not currently offer a bonus.
Overview: A solid student credit card that enables students to build their credit history while earning unlimited cash back. Learn more.
At The Pump: 1% Cash Back
The Journey Student Rewards from Capital One is a solid student credit card that earns unlimited cash back. Though cardholders will earn just 1% cash back on all purchases, approval odds for students and those with a limited credit history are quite high. Additionally, the Journey Student Rewards from Capital One is great for building your credit history as your account history including payment history is reported to all major credit bureaus. If you spend $1,500 each year on gas and use your Journey Student Rewards card, you’ll earn $15 cash back annually. Learn more about the Journey Student Rewards from Capital One here.
The Bottom Line
No one enjoys having to spend thousands of dollars on gas each year just to commute and run errands. However, there are ways to make filling up your gas tank a little less awful. With top credit cards, you’ll earn rewards or cash back each time you fill up your car. Additionally, some credit cards include gas stations in bonus categories allowing cardholders to earn additional rewards or cash back. For more information, tips, and guides, be sure to check out the latest on The College Points Blog.
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