Friday, January 28, 2022

    The best credit cards for gas purchases of January 2022

    The best credit cards for gas purchases of January 2022
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    Updated

    2021-12-30T23:13:00Z

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    Best gas credit card Editor’s rating Best for Intro bonus Learn more

    Citi Costco Anywhere Visa® Card by Citi

    Costco Anywhere Visa® Card by Citi

    A five pointed star 4.2 /5

    A tooltip

    Our editor’s ratings are primarily based on 3 things: simplicity, affordability, and value. Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria – relative to other products we’ve reviewed.

    Best for frequent Costco shoppers

    N/A

    Apply Now

    US Bank U.S. Bank Altitude® Connect Visa Signature® Card

    U.S. Bank Altitude® Connect Visa Signature® Card

    A five pointed star 4.7 /5

    Best flexible points earning rate

    50,000 points after spending $3,000 in eligible purchases within the first 120 days from account opening

    Learn More

    Citi Citi Custom Cash℠ Card

    Citi Custom Cash℠ Card

    A five pointed star 4.7 /5

    Best if gas is your top spending category

    $200 in cash back, fulfilled as 20,000 ThankYou® Points, after you spend $750 on purchases in the first 3 months of account opening

    Apply Now

    Citi Citi Premier® Card

    Citi Premier® Card

    A five pointed star 4.3 /5

    Best for earning Citi points

    80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

    Apply Now

    Chase Chase Freedom Unlimited®

    Chase Freedom Unlimited®

    A five pointed star 4.59 /5

    Best for earning Chase points

    $200 after spending $500 on purchases in the first three months from account opening

    Apply Now

    American Express Amex EveryDay® Preferred Credit Card from American Express

    Amex EveryDay® Preferred Credit Card from American Express

    A five pointed star 4.4 /5

    Best for earning Amex points

    15,000 points after you spend $1,000 on purchases in the first three months of account opening

    Learn More

    American Express Blue Cash Preferred® Card from American Express

    Blue Cash Preferred® Card from American Express

    A five pointed star 4.3 /5

    Best Amex cash-back card

    $300 statement credit after spending $3,000 in purchases on your new card within the first 6 months

    Apply Now Rates & Fees

    American Express American Express® Business Gold Card

    American Express® Business Gold Card

    A five pointed star 4.5 /5

    Best for small-business owners

    70,000 Membership Rewards® points after you spend $10,000 on eligible purchases within the first 3 months of card membership

    Apply Now Rates & Fees

    PenFed Credit Union PenFed Platinum Rewards Visa Signature® Card

    PenFed Platinum Rewards Visa Signature® Card

    A five pointed star 4.2 /5

    Best if you’re willing to join a credit union

    N/A

    Learn more

    Bank of America Bank of America® Customized Cash Rewards Credit Card

    Bank of America® Customized Cash Rewards Credit Card

    A five pointed star 4.2 /5

    Best for choosing gas as a 3% bonus category

    $200 cash rewards bonus after you spend $1,000 on purchases within 90 days of account opening

    Learn More

    The best credit cards for gas purchases of January 2022

    Whether you’re planning a road trip, easing back into a work commuting routine, or simply doing a lot of day-to-day driving, earning credit card rewards for gas purchases can take some of the sting out of this necessary expense.

    Fortunately, there are lots of rewards credit cards that include gas stations as a bonus category. The very best of these also earn extra points, miles, or cash back in other popular categories, like travel or dining.

    Read more: Guide to the best travel rewards credit cards

    Choosing the best gas credit card for you boils down to the types of rewards you like to earn and your overall spending habits. Here are our top credit card picks to make the most of your spending at the pump.

    Featured cash back credit cards from our partners

    Featured Reward

    2% cash back on all purchases

    Credit Needed

    Good to Excellent

    Featured Reward $200 after spending $500 on purchases in the first three months from account opening

    Credit Needed Good to Excellent

    Featured Reward $200 after spending $500 on purchases in the first three months from account opening

    Credit Needed Good to Excellent

    The best card if you shop at Costco: Costco Anywhere Visa® Card by Citi

    Regular APR

    15.24% (Variable)

  • Pros & Cons
  • Details
  • Pros
    • Generous cash-back categories, especially for gas purchases
    • No foreign transaction fee
    Cons
    • You can only receive rewards once per year
    • You need to visit a Costco location to redeem rewards for cash back instead of merchandise
    • Discover one of Citi’s best cash back rewards cards designed exclusively for Costco members
    • 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter
    • 3% cash back on restaurants and eligible travel purchases
    • 2% cash back on all other purchases from Costco and Costco.com
    • 1% cash back on all other purchases
    • No annual fee with your paid Costco membership and enjoy no foreign transaction fees on purchases
    • Receive an annual credit card reward certificate, which is redeemable for cash or merchandise at U.S. Costco warehouses, including Puerto Rico
    • The standard variable APR for Citi Flex Plan is 15.24%. Citi Flex Plan offers are made available at Citi’s discretion.

    Read Our Review Read Our Review A looong arrow, pointing right

    The Costco Anywhere Visa® Card by Citi offers 4% cash back on eligible gas purchases worldwide (not just at Costco gas stations) on up to $7,000 in purchases per year (then 1%). Plus, you’ll earn 3% back on restaurant and eligible travel purchases worldwide, 2% back on all other purchases from Costco and costco.com, and 1% back on everything else.

    Read more: Costco Anywhere Visa Card by Citi review

    There’s no annual fee, but you need a Costco membership to earn rewards. While gas station earning on the Costco Anywhere Visa® Card by Citi is excellent, the card doesn’t issue cash-back the same way other cards do. You’ll only receive your rewards once per year, in the form of a certificate you can redeem for cash back or merchandise at Costco.

    Best flexible points earning rate: U.S. Bank Altitude® Connect Visa Signature® Card

    Annual Fee

    $95, waived for the first year

    Regular APR

    15.99% to 23.99% variable APR

    Credit Score

    Excellent/Good

    Featured Reward

    50,000 points after spending $3,000 in eligible purchases within the first 120 days from account opening

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details
  • Pros
    • Great earning rate on travel and at gas stations (4x points=4% back)
    • Bonus points on streaming services plus $30 yearly streaming credit can save you money
    • Global Entry or TSA PreCheck application fee credit is worth up to $100
    Cons
    • Annual fee after the first year
    • No airline or hotel transfer partners
    • The information related to the U.S. Bank Altitude® Connect Visa Signature® Card has been collected by Business Insider and has not been reviewed by the issuer
    • Earn 50,000 bonus points after spending $3,000 in eligible purchases in the first 120 days from account opening ($500 value)
    • 4X points on travel and at gas stations
    • 2X points at grocery stores, grocery delivery, dining and streaming services
    • 1X point on all other eligible purchases
    • $30 credit for annual streaming service purchases such as Netflix and Spotify®
    • Get up to $100 in statement credits toward your TSA PreCheck® or Global Entry® application fee every four years

    Read Our Review Read Our Review A looong arrow, pointing right

    The new U.S. Bank Altitude® Connect Visa Signature® Card has a great 4x earning rate at gas stations and on travel, and it’s not capped like on some other cards. Cardholders also earn 2x points at grocery stores and on grocery delivery, dining, and streaming services, and 1 point per dollar on everything else.

    Read more: US Bank Altitude Connect card review

    Each point is worth 1 cent toward cash back, travel, gift cards, or merchandise, so the U.S. Bank Altitude® Connect Visa Signature® Card effectively earns 4% back at gas stations. The annual fee is $95, waived for the first year, and you’ll get other perks like a Global Entry/TSA PreCheck application fee credit, streaming credits, cell phone protection, and Visa Signature benefits.

    Best if gas is your top spending category: Citi Custom Cash℠ Card

    Regular APR

    13.99% – 23.99% Variable

    Credit Score

    Good to Excellent

    Featured Reward

    $200 in cash back, fulfilled as 20,000 ThankYou® Points, after you spend $750 on purchases in the first 3 months of account opening

    Intro APR

    0% intro APR for 15 months

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details
  • Pros
    • Flexibility to customize rewards by earning 5x points on up to $500 per billing cycle in your top spending category (from a list)
    • Generous welcome offer for a no-annual-fee card
    • No rotating bonus categories to sign up for or track
    • Earn valuable Citi ThankYou points which you can redeem for cash back, travel, gift cards, merchandise, and more
    Cons
    • Only earns 1% back outside of $500 in top spending category each billing cycle
    • Foreign transaction fee of 3%
    • Earn $200 in cash back after you spend $750 on purchases in the first 3 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
    • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness.
    • Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
    • No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
    • No Annual Fee
    • Citi will only issue one Citi Custom Cash℠ Card account per person.

    Read Our Review Read Our Review A looong arrow, pointing right

    The Citi Custom Cash℠ Card is unique in that cardholders earn 5% cash back on up to $500 in purchases in the eligible category they spend the most in each billing cycle (then 1%), and 1% on all other purchases.

    Gas stations are one of the eligible categories — along with restaurants, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, and live entertainment. If gas is a big expense for you, using the Citi Custom Cash℠ Card for your purchases could earn you up to $25 in bonus cash back per month ($500 x 5% back).

    Read more: Citi Custom Cash credit card review

    The Citi Custom Cash℠ Card is also offering a welcome bonus of $200 in cash back, fulfilled as 20,000 ThankYou® Points, after you spend $750 on purchases in the first 3 months of account opening. For a card with a $0 annual fee, this is a solid deal. Just remember it only earns 1% back outside of your highest spending category each month, so other cards — like the Citi Premier® Card — may be a better fit if you want to earn strong rewards in multiple categories.

    Best for earning Citi points: Citi Premier® Card

    Regular APR

    15.99% – 23.99% Variable

    Credit Score

    Good to Excellent

    Featured Reward

    80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details
  • Pros
    • Strong sign-up bonus
    • Generous bonus categories
    Cons
    • Doesn’t offer much in the way of statement credits or other perks
    • Citi ThankYou Rewards may not be as convenient as other points for US-based travelers
    • Earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
    • Earn 3 Points per $1 spent at Restaurants and Supermarkets
    • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
    • Earn 1 Point per $1 spent on all other purchases
    • Annual Hotel Savings Benefit
    • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
    • No expiration and no limit to the amount of points you can earn with this card
    • No Foreign Transaction Fees on purchases

    Read Our Review Read Our Review A looong arrow, pointing right

    The Citi Premier® Card is a terrific all-around pick if you like earning flexible Citi ThankYou points and spend a lot in popular everyday categories. You’ll earn 3x points at gas stations, restaurants, supermarkets, hotels, and on air travel, and 1 point per dollar on everything else.

    Read more: Citi Premier credit card review

    New cardholders can earn a welcome bonus of 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening, and you can use points for travel through the Citi ThankYou portal, transfer them to airline partners, or redeem them for gift cards, merchandise, cash back, and more.

    Best for earning Chase points: Chase Freedom Unlimited®

    Regular APR

    14.99% – 24.74% Variable APR

    Credit Score

    Good to Excellent

    Featured Reward

    $200 after spending $500 on purchases in the first three months from account opening

    Intro APR

    0% intro APR on purchases and balance transfers for the first 15 months

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details
  • Pros
    • Solid flat cash-back rate
    • You can combine cash-back rewards with Ultimate Rewards points if you have an eligible card
    • No annual fee
    Cons
    • Some other cards offer a higher rate of cash back on certain types of purchases
    • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
    • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
    • 3% cash back on dining at restaurants, including takeout and eligible delivery services
    • 3% cash back on drugstore purchases
    • 5% on travel purchased through Chase Ultimate Rewards®
    • Unlimited 1.5% cash back on all other purchases
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.99% – 24.74%.
    • No annual fee.

    Read Our Review Read Our Review A looong arrow, pointing right

    The Chase Freedom Unlimited® is marketed like a cash-back card, but it actually earns valuable Chase Ultimate Rewards points. You’ll earn 1.5% back (1.5 Chase Ultimate Rewards points per dollar) on most purchases, including at gas stations — plus 5% back (5x) on travel booked through Chase and 3% back (3x) on dining and at drugstores.

    Read more: Chase Freedom Unlimited card review

    If you’re willing to keep track of rotating bonus categories, it’s worth looking at the Chase Freedom Unlimited®‘s sibling, the Chase Freedom Flex℠. With the Chase Freedom Flex℠, you can earn 5% cash back (5x points) in rotating categories on up to $1,500 in combined purchases each quarter when you activate (then 1% back). Gas stations have made a frequent appearance on the Chase Freedom 5x calendar, including from April through June 2021.

    Best for earning Amex points: Amex EveryDay® Preferred Credit Card from American Express

    Regular APR

    12.99% to 22.99% Variable

    Featured Reward

    15,000 points after you spend $1,000 on purchases in the first three months of account opening

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details
  • Pros
    • Strong rewards at US supermarkets
    • You can earn a 50% points bonus each billing period when you make at least 30 purchases
    Cons
    • Annual cap on earni ng bonus rewards at US supermarkets
    • Not the best option for earning rewards outside of US supermarkets and US gas stations — especially if you don’t make at least 30 purchases per billing statement to earn the bonus
    • The information for the Amex EveryDay Preferred Card has been collected independently by Business Insider, and has not been reviewed or provided by the card issuer
    • 3x points at US Supermarkets
    • 2x points at US gas stations
    • 1x points on all other eligible purchases
    • Use your Card 30 or more times on purchases in a billing period and earn 50% extra points on those purchases less returns and credits. Terms apply.

    Read Our Review Read Our Review A looong arrow, pointing right

    If you prefer transferable Amex Membership Rewards points, the Amex EveryDay® Preferred Credit Card is a good option, especially if you make a lot of purchases overall each month.

    Read more: Amex EveryDay Preferred review: A good card for earning Amex travel points, and it gets even better if you use it 30 times a month

    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.

    Best Amex card for cash back on gas purchases: Blue Cash Preferred® Card from American Express

    Annual Fee

    $0 intro for the first year, then $95

    Regular APR

    13.99% to 23.99% variable APR

    Featured Reward

    $300 statement credit after spending $3,000 in purchases on your new card within the first 6 months

    Intro APR

    0% intro APR on purchases for 12 months from account opening

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details
  • Pros
    • Generous bonus rewards, especially at U.S. supermarkets
    • One of a small handful of credit cards that offer bonus rewards on select streaming services
    • Intro APR offer
    Cons
    • Unlike many other cash-back cards, it charges an annual fee
    • If you spend more than $6,000 at US supermarkets each year, you’ll want to use another card once you reach that cap
    • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
    • $0 intro annual fee for the first year, then $95.
    • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
    • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
    • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
    • 6% Cash Back on select U.S. streaming subscriptions.
    • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
    • 1% Cash Back on other purchases.
    • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
    • Terms Apply.

    Read Our Review Read Our Review A looong arrow, pointing right

    The Blue Cash Preferred® Card from American Exp ress is a great card for those who spend a lot on gas, groceries, and commuting. Right now, it’s offering a great welcome bonus too — $300 statement credit after spending $3,000 in purchases on your new card within the first 6 months.

    Read more: Amex Blue Cash Preferred card review

    It earns 3% cash back at US gas stations and on transit (including taxis, rideshares, parking, tolls, trains, and buses), 6% cash back on select US streaming services, 6% back on the first $6,000 spent at U.S. supermarkets each year, then 1%, and 1% back on all other eligible purchases (cash back is received in the form of Reward Dollars).

    Best for small-business owners: American Express® Business Gold Card

    Credit Score

    Good to Excellent

    Featured Reward

    70,000 Membership Rewards® points after you spend $10,000 on eligible purchases within the first 3 months of card membership

    Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Pros & Cons
  • Details
  • Pros
    • You can bonus points on the categories where you make the most purchases (from a list of options)
    • 25% points rebate when you use rewards to book an eligible flight through Amex Travel
    Cons
    • High annual fee
    • Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
    • More Rewards: Get 4X Membership Rewards® points on the 2 select categories where your business spent the most each month. 1X is earned for other purchases.
    • 4X points apply to the first $150,000 in combined purchases from these 2 categories each calendar year.*
    • Airline Bonus: Get 25% points back after you use points for all or part of an eligible flight booked with Amex Travel, up to 250,000 points back per calendar year.*
    • Pay Over Time Option: Decide whether you want to pay eligible purchases in full each month-or pay over time with interest.*
    • *Terms Apply

    Read Our Review Read Our Review A looong arrow, pointing right

    If you qualify for a small-business credit card and spend a lot on gas, the American Express® Business Gold Card could earn you a lot of Membership Rewards points. It’s got a unique earning structure — cardholders earn 4x points on the two categories where their business spends the most each billing cycle, up to $150,000 per calendar year (then 1x), and 1 point per dollar on all other purchases.

    Read more: Amex Business Gold card review: Great bonus categories and travel perks for small-business owners

    The list includes:

    • Airfare purchased directly from airlines
    • U.S. gas stations
    • U.S. restaurants (including takeout and delivery)
    • U.S. shipping providers
    • U.S. computer hardware, software, and cloud systems from select technology providers
    • U.S. purchases for advertising in select media (online, TV, radio)

    Best if you’re willing to join PenFed credit union: PenFed Platinum Rewards Visa Signature® Card

    Regular APR

    13.49% to 17.99%

  • Pros & Cons
  • Details
  • Pros
    • Strong rewards on gas and groceries
    • Intro APR offer on balance transfers
    • No annual fee
    Cons
    • You have to be a PenFed Credit Union member to apply
    • PenFed Rewards aren’t worth as some other credit card points

    To qualify for the PenFed Platinum Rewards Visa Signature® Card, you’ll need to be a member of the PenFed (Pentagon Federal) Credit Union. You don’t need a military affiliation to join — all that’s required is that you fund a savings account with a minimum of $5 — and you can do so when you apply for the card.

    Read more: The average US household spends over $2,000 on gas each year. Here’s how many points that translates to with 3 popular credit cards

    The PenFed Platinum Rewards Visa Signature® Card earns a whopping 5x points on gas purchases at the pump, 3x points on groceries, and 1 point per dollar on everything else with no caps. Keep in mind redeeming rewards isn’t straightforward — the value of your points varies depending on what you use them for (travel, gift cards, or merchandise) and there’s no option to use points for cash back.

    Best for choosing gas as a 3% bonus category: Bank of America® Customized Cash Rewards Credit Card

    Regular APR

    13.99% – 23.99% variable

    Featured Reward

    $200 cash rewards bonus after you spend $1,000 on purchases within 90 days of account opening

  • Intro APR

    0% for 15 billing cycles () Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Pros & Cons

  • Details

    Pros