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The Best Gas Credit Cards, July 2014

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Gas prices are on their way back up again. When the economy tumbled in the past few years, gas prices dropped from their highs, but they are now increasing fairly steadily. It’s hard to imagine where the price of gas will be just one year from now, but it makes sense to continue preparing for higher gas prices for an extended period of time.

Gas credit cards are an excellent way to reduce the effect of spending for gasoline each and every week. Depending on your situation, there may be a few options that suit your gas purchasing needs and after careful review, one gas rebate credit card stands out amongst the rest.

Editor’s choice

Ink Cash® Business Credit Card New cardholders approved for the Ink Cash card can earn $200 bonus cash back. In order to qualify for the cash back bonus you must spend $3,000 on purchases in the first three months from account opening. The card also offers 5% cash back on on the first $25,000 spent in combined purchases within categories appropriate for business owners, such as purchases in office supply stores, cable services and telecommunication services each account anniversary year. The 2% cash back on the first $25,000 spent in combined purchases each account anniversary at gas stations and dining at restaurant benefits consumers who are looking for these rewards.

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit or charge card prior to applying.

Updated July 1, 2014 and originally published July 23, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 5 comments… read them below or add one }

avatar Eric

Maybe I’m missing something obvious but how is the True Earning card the best when PenFed offers 5% rebate versus 3%? Gaining membership is so easy and plus it’s a Visa versus American Express. Plus a lot of people don’t have Costco membership so wouldn’t you end up having to pay for the Amex?

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avatar Brad

My preferred gas credit card is the Shell Mastercard from Citi. 5% cash back on Shell gas purchases, and .5% cash back on everything else. It used to be 1% on everything else, but they recently changed it, and also made the cash back in $25 increments, as opposed to automatically just coming off the following billing cycle. But still, 5% is 5%, and Shell stations are everywhere in Northeast Ohio.

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avatar Anthony

I ALWAYS pump Shell gas, so I have a Shell Citi MasterCard. It returns 5% on Shell gas purchases. The interest rate is hideously high, but I pay off the balance every month. Also, there is an annual fee… that is waived if you make 9 Shell purchases in the prior year… for me, this essentially means no annual fee.

The PenFed card easily beats this one… but like I said, I only pump Shell gas, so it’s really no different.

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avatar David

I checked the Shell website and it said their card pays 5 cents per gallon, not 5%. That equals a little over 1%.

I would add to this list the Bank of America Cash Rewards card, it offers 3% back on gas and 2% back on groceries. For everything else it gives 1% back.

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avatar Dan - BankVibe

If you’re strictly after gas rewards your always going to get higher percentages of cash back when you get a card that’s partnered directly with a specific gas station, such as Anthony mentioned with his Shell card. However, if you’re looking for a mix of rewards with your card, we like the current Chase Freedom offer. You’ll still be able to rack up gas rewards plus it comes now with a $150 bonus (higher than the $100 bonus mentioned in this post) after $500 in purchases within 3 months. It’s a limited time offer…

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