Categories

Rewards Credit Cards

7 Rewards Cards to Help with Soaring Gas Prices This Summer

At Experian, one of our priorities is consumer credit and finance education. This post may contain links and references to one or more of our partners, but we provide an objective view to help you make the best decisions. For more information, see our Editorial Policy.

Planning to take a road trip this summer? Expect to shell out more for gas.

The average cost for a gallon of gas was $2.90 in May, the highest in four years, according to a new report from car shopping website Edmunds. And you can count on those numbers to keep growing, thanks to crude oil prices that are expected to keep climbing.

Find the best credit cards in Experian CreditMatch.

If you're a road warrior, one way to fight back is by signing up for a credit card that will reward your gas purchases with cash back or points for purchases made at gas stations. Here are the seven best gas rewards credit cards:

Credit One Bank® Platinum Rewards Visa

APR: 23.99% Variable

If you have fair credit or better, the excellent rewards structure of this card is worth considering. While there is a $95 annual fee, you can get 5% back on the first $5,000 in combined spending in several common categories including gas, grocery, cable and internet. You also get 1% back on all other purchases.

PenFed Platinum Rewards Visa Signature® Card

APR: 11.24% to 17.99% depending on credit worthiness.

This no-fee card is a good option for household spending: Users get 5 points per dollar spent on gas purchases paid for at the pump, 3 points per dollar spent at grocery stores, and 1 point per dollar spent on everything else.

You're also rewarded with a $100 statement credit after you spend $1,500 on the card in the first 90 days of opening the account. You must be a member of the Pentagon Federal Credit Union to apply for the card. There are several ways to join, including demonstrating military affiliation or making a small donation to the National Military Family Association.

Find the best credit cards in Experian CreditMatch.

Costco Anywhere Visa® Card by Citi

This offer is not available through Experian. Check issuer's website for current offer details.
APR: 15.24% (Variable)
Costco shoppers would do well to consider this card, which offers 4% cash back on eligible gas purchases worldwide, including gas at Costco, for the first $7,000 spent on the card per year (1% thereafter). Gas purchased at superstores, supermarkets, convenience stores or other warehouse clubs will only earn 1% back.

Cardholders also earn 3% cash back on restaurant and travel purchases, 2% cash back on purchases from Costco, and 1% cash back on everything else. This is also a good card to take on your trip abroad: No foreign transaction fees.

Citi ThankYou® Premier Card

This offer is no longer available on Experian. Check issuer's website for current details.
APR: 16.49% to 25.49% (Variable) based on credit worthiness. (Updated on 10/2/18.)

This card is a good option for travelers of all kinds. You earn 3 points per dollar spent on all travel, including purchases made at gas stations, on airfare, hotels, car rentals, public transportation and more. You're also awarded 2 points per dollar spent on dining out and entertainment, and 1 point per dollar spent on everything else.

The card is also offering a generous 50,000 ThankYou® Points after you spend $4,000 in purchases on the card within the first three months of opening the account. If you redeem your points for travel through Citi's ThankYou® Travel Center, you get a 25% redemption bonus—meaning 50,000 points are worth $625 in travel.

Find the best credit cards in Experian CreditMatch.

Blue Cash Preferred® Card from American Express

APR: 13.99%-23.99% Variable (0% on purchases for 12 months from date of account opening).

If you're looking for a card to cover your everyday spending, this is an excellent option. You'll earn a whopping 6% cash back on every dollar spent at U.S. supermarkets (on up to $6,000 a year; after that, the rewards rate drops to 1%), and 3% cash back at U.S. gas stations and on select transit.

All other purchases earn 1% cash back. The card does come with a $95 annual fee, but new applicants can earn a $250 statement credit after spending $1,000 on the card within the first 3 months of opening the account. Terms apply to American Express benefits and offers. Find out if you are matched to this card through Experian CreditMatchTM.

Blue Cash Everyday® Card from American Express

APR: 13.99%-23.99% Variable (0% on purchases for 15 months from the date of account opening).

This card is very similar to the Blue Cash Preferred® Card from American Express, but it's designed for those users who want an everyday spending credit card without paying an annual fee.

Cardholders earn 3% cash back on every dollar spent at U.S. supermarkets (on up to $6,000 a year; after that, the rewards rate drops to 1%), 2% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on everything else. You can also earn a $150 statement credit after spending $1,000 on the card in the first 3 months. Terms apply to American Express benefits and offers. Find out if you are matched to this card through Experian CreditMatchTM.

Find the best credit cards in Experian CreditMatch.

Bank of America® Cash Rewards Credit Card

APR: 14.74% to 24.74% depending on credit worthiness.

This is another solid option for everyday spenders who are looking for a card without an annual fee. Cardholders earn 3% cash back on gas and 2% back at grocery stores and wholesale clubs on up to $2,500 in grocery, wholesale club and gas purchases each quarter. All other purchases earn 1% cash back. Users can also earn a $150 statement credit after spending $500 on the card in the first 90 days of opening the account.

Read more here if you're interested in other travel rewards cards.

All information about the PenFed Platinum Rewards Visa Signature® Card, Costco Anywhere Visa® Card by Citi, Citi ThankYou® Premier Card and Bank of America® Cash Rewards Credit Card credit cards has been collected by Experian and has not been reviewed or provided by the issuer of the card. Offer details may be outdated.

Resources