Best Credit Card For Buying Fuel
Per year, Americans consume a whopping 140+ billion gallons of fuel. Along with food and housing, fuel ranks as one of the most significant spending categories for many families in the U.S. In addition, it accounts for a substantial share of credit card spending. If you swipe the right card at the gas station, you can receive as much as 5% back on your fuel bill in the form of rewards points or cash back.
best credit card for buying fuel
If not, you'll only earn 1 point per dollar spent. If U.S. gas station purchases make up the bulk of your spending each month, this is without a doubt the best rewards card for purchasing gas and fuel.
I think the best cards for fuel savings combine both the grocery and gas catergories, e.g. Blue Cash Preferred and Penfed Cash rewards card. For example at Kroger, I can do my regular shopping and get 5% cashback as well as earn fuel points. Once I accumulate at least 1000 fuel points, I would then be able to save up to $1 per gallon of gas in addition to getting 5% cashback at the pump.
Reward for U.S. gas station spending: 6x Hilton Honors points (which I value at 3%)Card annual fee: $95 (Rates & Fees)Other things to be aware of: This is one of the best hotel credit cards for U.S. gas stations, since you can earn bonus points with no limits on these purchases
Reward for U.S. gas station spending: 4x Marriott Bonvoy points (which I value at 2.8%)Card annual fee: $125 (Rates & Fees)Other things to be aware of: This is one of the best hotel cards for U.S. gas station purchases
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Cons: This card earns its best cash back rate only on your first $1,000 in quarterly spending across restaurants and gas stations. Depending how much you spend in these categories each year, this may be a low cap.
Who should apply? This card is a great choice for any student building credit. Thanks to high-traffic categories, useful perks and matched first-year cash back, the Discover it Student chrome might be the best student card out there.
Pros: On top of the high rewards, this card has no annual fee and comes with quite a few nice perks. These include a sign-up bonus of 15,000 bonus points after spending $1,000 in the first three months of account opening and a $100 statement credit back on $1,500 of fuel at eligible gas stations per calendar year (upon activation).
Thanks to so many gas cards approving cardholders with fair or worse credit scores, these cards can also open a lane to rewards for all types of consumers. There are even specific gas cards for bad credit. If you spend lots of time with your foot on the pedal, why not cut the cost of fueling up?
credit cards are an excellent instrument for making payments in today's world. it helps to build your credit score and offers additional benefits like rewards and bonuses. each credit card is different in terms of annual fees, interest charges, joining fees, and other benefits. if you're considering investing in the best credit card for fuel purchases, the guide below should help!
fuel prices are constantly fluctuating around the world. you can save on fuel purchases by applying for credit cards from some of the top banks. the best credit card for fuel consumption offers savings on both fuel and other purchases. go through the following section to find out more:
to summarise, the list of credit cards provided above will help you save on your annual fuel purchases. moreover, you can save even more by linking these credit cards with CRED to earn additional rewards, discounts and gifts.
The price of gas can make it painful when you have to visit the pump, but by using the right credit card to earn bonus rewards on your gas purchases, you can earn cash back or other rewards that can take a little bit of the sting out of your pricey fuel purchases.
You can typically apply for a gas credit card at gas stations or online, with the eligibility requirements varying by card. Before applying, consider which card best fits your lifestyle. As with other types of credit cards, applying could lead to a hard credit check, which may hurt your credit scores.
With fuel prices as high as they are, it makes more sense than ever to use one of the best credit cards that include gas stations as a bonus category. The very best of these gas credit cards also earn extra points, miles, or cash back in other popular categories, like travel or dining.
The card earns 2x points at US gas stations and 3x points at US supermarkets (on up to $6,000 in purchases per year, then 1%), but if you make 30 or more purchases in a billing cycle, you'll receive 50% more points on purchases that period. Effectively, if you reach the purchase threshold, you could earn 3x points when you fuel up.
1. Choose the card that best fits your budget.2. Apply securely by following one of the links above.3. Supply the issuer with the required financial and personal information.4. Use your card responsibly and pay the statement balance in full and on time each month.
Why we like it: The Bank of America Customized Cash Rewards credit card is a good choice for cardholders who want a $0 annual fee, while still earning competitive rewards on their everyday purchases. This card is best suited for those whose spending may fluctuate throughout the year since you're able to pick your highest earning reward category.
Rather than choose from the best credit cards for groceries or the best credit cards for gas, you can have the best of both worlds. While some credit cards occasionally feature gas and groceries as bonus categories, and others offer rewards on one category or the other, only a select few are great for both gas and groceries.
One of the best arguments for using credit cards for everyday purchases is the potential to earn rewards in the form of cash back or points you can redeem for things like travel or hotel stays. If you use a credit card for day-to-day spending rather than a debit card, then pay it off at the end of each month before interest kicks in, your rewards earning potential increases drastically.
Using a credit card for the spending you already do is an especially good move when paired with a rewards card that rewards spending in the categories you spend the most in. To find the best rewards card for you, consider trying Experian's CreditMatchTM tool. You'll get customized credit card offers based on your current scores that won't impact your credit.
We rate the WEX Fleet Cross Roads Card as the best for owner operators because of its wide acceptance network. This lends itself well to the independent lifestyle of truck owner operators who need to refuel when it's convenient. You don't need to report back to head-office to discover your nearest truck stop. Instead you can use the WEX Connect station-finder app or the online gas station finder tool to search for gas stations right from your smartphone.
If you'd like to find out how much you'd be charged for your Fleet Cross Roads Cards, you'll need to get in touch with WEX directly. Alternatively, you can use our free quote-finding service. Simply answer a few questions about your fleet (it only takes a minute!) and we'll match you up with the best fuel card suppliers for you. You'll then receive free, tailored, no obligation quotes.
Overall, though, the Comdata Card is our top pick for convenience-loving truckers. That's because, as Comdata cardholders, you and your truckers will gain access to a variety of different time-saving tools and apps. For example, Comdata's CAT Scale app enables truckers to automatically find and pay for CAT Scale transactions, with no parking or waiting in line needed. Meanwhile, Comdata Mobile Fueling can connect your truckers with mobile fueling vendors, so they can get fuel delivered straight to them when they need it.
Shell's Fleet Plus Card is a rare breed: it comes with solid benefits for truckers, but you won't have to pay a monthly card fee to access them. First off, you'll get rebates of up to 6 cents per gallon, with higher rebates for truckers who buy bigger volumes of fuel. You'll also get discounts on vehicle maintenance and supplies at Jiffy Lube, which is bound to come in handy.
As well as the above, the using the Business Solutions Mastercard will earn you rebates of up to 7 cents per gallon of fuel, with higher volumes of fuel netting you the bigger rebates. As with most branded fleet cards, though, these rebates only apply when your truckers buy fuel at BP or Amoco stations.
Researchers also collected information on pricing and fee structures, which vary a lot between fleet fuel cards. With these results, we were able to score cards out of five relative to their competitors.
Although fuel prices are not as scary as they were in summer 2022, last year definitely showed how important it is to keep a close eye on business gas expenses. If you're an owner operator, or simply need access to spend monitoring, our favorite fuel card for trucks is the WEX Fleet Cross Roads card. The reason why we like it so much is because you can use it in 95% of the country's fuel stations, including 16,000 truck stops. You also get to save an average of 15 cents per gallon, so numbers wise, it will help keep your books looking healthy. 041b061a72