Gas credit cards can be a great way to build your credit and save money on gas spending. Gas cards are sometimes branded to specific gas stations, although many major credit card issuers also offer credit cards that earn cash back or rewards on gas purchases. These general rewards cards tend to offer the best rebates on gas as branded gas cards usually have strict rules to meet and limit you to a specific brand. Here are some of the best gas cards for fair credit to consider.
76 Gas Card
The 76 Gas card can only be used at 76, Conoco and Phillips gas stations, but it has no annual fee and it offers a gas rebate. For the first 60 days, you earn $0.30 per gallon in statement credits, followed by a $0.10 per gallon rebate for the next 30 days, then a $0.05 rebate on every gallon after that. The downside is you only earn this rebate when you purchase 45 gallons or more within a billing cycle and the credit only applies on up to 110 gallons per billing cycle. Still, you can get the card with bad to fair credit.
Chevron and Texaco Credit Card
The Chevron and Texaco credit card is a basic “store” card that can only be used at Chevron and Texaco stations, but it does offer fuel rebates. Earn $0.03 per gallon on every fill-up, no matter how little, with no monthly thresholds to hit. For the first 60 days, you’ll earn $0.10 per gallon back as a statement credit.
BP Visa by Chase
The BP Visa card requires fair credit and it’s a good choice for building credit while saving on gas at BP. For a limited time, you get a $20 statement credit when you make a BP purchase within the first 60 days and $0.25 off per gallon for every $100 you spend with your BP Visa card during the first 60 days (except at non-BP gas stations). After that, you earn $0.25 off per gallon for every $100 spent at BP; $0.15 off per gallon for every $100 spent on travel, dining, and groceries; and $0.05 per gallon for every $100 spent everywhere else except non-BP gas stations. Redeem your rewards when you fill up at the pump.
Capital One QuicksilverOne Cash Rewards Card
You can often earn the best rebates on gas with a more general rewards card. The Capital One QuicksilverOne card earns an unlimited 1.5% cash back on all purchases, including gas stations and gas purchased at a warehouse club like Costco. The card has a $39 annual fee, but it’s usually worth it for the flexibility and generous flat rewards rate. This card requires fair credit to get approved.
Discover it Card
The Discover it card earns an impressive 5% cash back, but the catch is this high bonus is only awarded on bonus categories that change every quarter on the first $1,500 in spending each quarter. All other spending earns 1% back. The good news is these bonus categories include common forms of spending such as gasoline, warehouse stores, Amazon.com, and restaurants. The Discover it card has no annual fee but you need very good credit to qualify. If you’re a student still building credit, try the student version of the card instead.
Costco Anywhere Visa by Citi
If you’re already a Costco member (or thinking of joining!) and you have very good credit, it’s hard to beat the Costco Anywhere Visa for versatile and generous rewards. The new Costco card earns an impressive 4% back on gas around the world on the first $7,000 per year (including gas at Costco!), 3% back on restaurant and most travel purchases, 2% back on all Costco purchases, and 1% back on everything else. There’s also no annual fee with a paid Costco membership and a 0% intro APR on purchases for 7 months.