TOP 5 Gas Rewards Credit Cards

Gas rewards credit cards are often overlooked by those shopping for a better credit card. The attraction of cash back or more valuable rewards, such as airline points, are usually the go-to choice. These credit cards offer a lot to their users, especially consider the rising costs of gas.

Editor’s Choice

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Because gas credit cards are usually structured a bit differently than traditional rewards cards, there are other factors that go into our decision-making process of an Editor’s Choice. We took into account the savings opportunities, annual fees and if any other perks and benefits were attached to the credit card offer.

4 More Smart Gas Credit Card Choices

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The U.S. Bureau of Labor statistics for average gas expenditures vary greatly because there are so many moving parts. Overseas oil prices, international relations with oil-producing companies, and of course, the domestic adjustments that occur right here in the U.S. Today’s gas rewards cards offer consumers not only discounts on their fuel, but many have the same structures as a credit card with other rewards, including the absence of annual fees and intro 0% APR rates, which makes them a fine choice to better control our own fuel costs.

Potential Disadvantages

The benefits of these credit cards are better appreciated by those whose days include a lot of time spent on the road since there are usually no limitations on where you fill your car up. Of course, if you don’t use your vehicle often, or if you use it just to run errands once a week, you might want to consider a different rewards program. Also, the gas rewards credit cards are not always as lucrative as other rewards cards.

There are consumers who use their gas cards for that one purpose of filling their tanks while using their other rewards credit cards for all of their other needs, so that’s a consideration you’ll want to keep in mind as you decide whether this is a strong financial move for your needs. If you’re looking to save at the pump, then it might be a fine choice to sere your purposes.

Advantages of Gas Rewards Credit Cards

The first benefits are obviously savings at the gas pump and as we know, what we pay at the pump has become a guessing game with so many factors and unpredictability with foreign nations. Over the past few years, the per gallon price has fluctuated day to day in ways we’ve never been before.

Because most of the big credit card networks have gas rewards offers for their customers, we’re more likely to reap from the competitive nature of those card companies and that’s always a good thing. Plus, many consumers prefer a gas rewards card offered by Visa, MasterCard or the other networks over a gas credit card issued by a single oil company because of the flexibility. With the backing of a major card company, consumers enjoy that flexibility and security offered by the big networks, such as fraud protection, international acceptance and sometimes even lower fee structures. The cards aren’t limited to just the gas stations.

Conclusion

Remember, gas rewards credit cards aren’t for everyone. A stronger credit score is usually required for approval, so if this is something you’re considering, but are concerned about whether you’ll get approved, you might want to request a copy of your credit report before applying. This way, you can take the time to correct any errors or dispute any charges that are unfamiliar to you. It can mean a big difference in how much you pay every year in finance charges. This is just one more reason why taking responsibility of our credit history is so important. And make no mistake: the majority of Americans have reporting errors within their credit history. There’s nothing worse than realizing you’re paying more in interest due to a reporting error as you’re making moves to save money.

Especially with gas rewards card, be sure to carefully examine the terms and conditions so that you’re armed with the facts before you apply. Finally, comparison shopping pays off. An hour spent now can also result in a significant amount of savings from year to year. Don’t underestimate even the smallest details, either. Pay attention to expiration dates on rewards points, whether one offer includes cash back or rewards points on your fuel purchases and the annual fees can vary, too.

Have you had any personal experience with Gas Rewards Credit Cards?

Advertiser Disclosure

CREDIT DAD is an independent, advertising-supported website. Many debit cards, credit cards and other financial offers that appear here are from companies from which CREDIT DAD Websites receive compensation. This compensation may impact how and where products appear on this website (including, for example, the order in which they appear). CREDIT DAD Websites do not include all card offers in the marketplace.

Advertiser Disclosure

CREDIT DAD is an independent, advertising-supported website. Many debit cards, credit cards and other financial offers that appear here are from companies from which CREDIT DAD Websites receive compensation. This compensation may impact how and where products appear on this website (including, for example, the order in which they appear). CREDIT DAD Websites do not include all card offers in the marketplace.