Top 5 best credit card for gas in 2022

Best credit card for gas

The number five best credit card to help you save a little bit of extra cash at the gas pump would be the American express blue cash preferred card, which will give you 3% cash back on gas, but that is just the tip of the iceberg.

So today let’s take a look at some of the best credit cards for gas in 2022.

What is going on everyone I hope you are all having a fantastic day.

1. American express blue cash preferred card

The American express blue cash preferred card does have a $95 annual fee currently but depending on what offer you get you might be able to get that waived for your first year.

Plus this card is going to give you not only 3% back at u.s gas stations but 6% back at supermarkets on up to $6000 in purchases each year and 6% back on streaming services as well.

But today we are specifically looking at how much cash you can save at the gas pump.

So right now the number to beat is 3%  back by the blue cash preferred card.

2. The discover it chrome gas and restaurants card

I’ve talked about the standard discover it cashback credit card at length and you all know that this is one of my favorite beginner credit card products.

But discover offers a few category-specific options including the chrome gas and restaurant card. which is going to give you 2% cash back at gas stations and restaurants and 1% back on all other purchases.

Now 2%  back is not that great but as is the case with pretty much every discover product. You are going to get their cash back match at the end of your first year.

Meaning if you earn $300 in cash back throughout that first year then they’re going to give you an additional $300 which means you’re effectively getting 4% cash back on your first year at restaurants and gas stations and 2% back on all other purchases.

After your first year, it is just gonna go back to that standard 2% for gas and that is capped at $1000 in purchases each quarter.

So depending on how much you drive and how much you go out to eat that might be a bummer but this card has no annual fee and again effectively gives you 4%  cashback on your gas in your first year.

So I would definitely check out the discover it chrome gas and restaurants card.

3.Gas Loyalty Rewards Cards

This is not going to be a specific credit card product but rather a category of credit cards that is my personal favorite on today’s list and that would be the loyalty rewards program gas cards.

Most people get these through their local grocery store or a big box store like sam’s club or Costco but you can also get them directly through the petroleum provider like the Exxon Mobil smart card plus or the shell loyalty rewards card.

Personally, I would just get the card that is most convenient for you to use because they all work in a very similar way in that they’re going to give you so many cents off per gallon of gas and give you rewards points towards your next purchase.

The Exxon Mobil smart card plus for example allows you to earn 42 cents per gallon for new account members plus 10 cents per gallon on standard and 12 cents per gallon on premium gasoline and all kinds of other benefits as well.

Plus some of those big box loyalty programs will also allow you to use the rewards that you earn from grocery shopping and put them directly towards gas in your tank which is also pretty awesome.

A bit of a side note but I will mention here that one of the big partner brands with the apple cart specifically is actually Exxon Mobil.

So if you have the apple card and you’re able to use apple pay at the pump then you can actually get unlimited 3%  cashback on all of your gas purchases with all of the cool benefits that come with the apple card.

With the exception of that partnership between Exxon and apple, it is really difficult to put a percentage benefit on these loyalty reward gas cards.

Especially with the prices going up so quickly but at a bare minimum, I’d say you’re getting roughly 2%  cash back but you can absolutely get more than that depending on which card you get and how you were using those rewards.

best credit card for gas
Best credit card for gas

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4. Hilton Honors American Express Card

Number four for the best credit cards to save some cash at the pump is a bit of a curveball that requires some more effort on your part but that would be the Hilton Honors American Express card.

There are 3 different versions of this card currently all of which are fairly decent and while this is definitely going to give you the best value on paper.

I will say from the start that it is not going to be as simple as cashing out your cash back into your bank account.

I say that because the Hilton honors American express card earns rewards in the form of Hilton honors bonus points in certain spending categories including gasoline.

The standard version of this card currently has no annual fee and will currently give you 5 Hilton Honors bonus points for each dollar that you spend at supermarkets, restaurants and you guessed it gas stations.

The more premium version which is the Hilton Honors American Express Surpass card gives you 6 points per dollar on all of those same categories and a few other additional benefits but does have an annual fee of 95$ per year currently.

Both cards also offer significant point multipliers for Hilton hotel’s other eligible purchases and come with elevated Hilton honor status.

So this all sounds awesome and 5 points per dollar when redeemed could be worth a ton of free hotel stays in this case but there are a few things that you need to keep in mind with this one.

First of all, like I said these cards earn Hilton honors bonus points, not American express points and that is a very important difference to keep in mind because Hilton honors points for some reason are only worth half as much as a standard credit card points including American Express and really any other major brand.

So if you had 1000 Hilton Honors bonus points it’s really only worth the equivalent of 500 American express points which are usually worth about one cent per point that is definitely getting a little bit into the weeds.

But if you’re used to the standard point system for pretty much any major credit card just remember that Hilton Honors points are usually worth only half as much as your standard credit card points.

On top of that because they are earning Hilton honors bonus points you’re pretty locked into that program and most of the other benefits that this card gives you are again tied to the Hilton Honors program in some way.

So unless you are really loyal to the Hilton properties and understand how these points work and how to use them properly and maximize the value then you would be way better off going with the next option that we’ll get to in a second.

 But despite the fact that the Hilton Honors points are only worth half as much as your standard credit card point you’re still getting 5 points per dollar and that could easily be redeemed for 3 cents or more per point.

Means five cents per dollar at three cents per point and you’d be looking at 15% cash back equivalent on your gas purchases and that is pretty awesome but again you can really only use that in the form of hotel stays.

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5. City custom cash card

I’ve talked about this card in a previous blog but this is the newer version of the incredibly popular city double cash card which pioneered the flat 2%  cash back credit card model.

But the custom cash card is much more unique in that it allows you to earn 5%  cash back on your highest eligible spending category which includes restaurants, grocery stores, select travel purchases, a bunch of other stuff, and of course gas stations.

5%  back on your gas station purchases sounds pretty awesome and it absolutely is but as always there is a big asterisk next to that one like I said you’re only earning 5%  on your highest eligible spending category.

So if you drive a lot and you spend a lot of money on gas as a result then this card is probably a no-brainer hand down and you should go ahead and apply for it today.

But if you spend a lot more money on restaurants or grocery stores or travel or really any other spending category then this is definitely not the best product for you in terms of gas because you’re only going to earn 1%  cash back on all other eligible spending categories.

Now on top of that, you’re also only able to earn that 5%  cash back on up to 500$ in spending each billing cycle or basically each month.

So can you earn 5%  cashback on all of your gas station purchases with this card absolutely?

However, you need two:

  • Make sure that gas is truly your highest spending category at least on this particular card and
  • You have to make sure that you’re not spending more than 500$ per month on gas.

Also if you go past that 500$ monthly limit it’s not the end of the world the only bummer is that you’re only going to earn 1%  cash back past that threshold but you’ll still earn 5% cashback on your first 500$ of spending.

Extra Gas Saving Tips

So those are just some of the many fantastic products that offer rewards on gas station purchases but I would also highly recommend that you download a gas-finding app like a gas buddy.

  • For example in order to help you really ensure that you are getting the best price per gallon at the various gas stations in your area without driving way out of your way.
  • Secondly and this one really is not anything groundbreaking do everything you can to just burn less fuel.

Obviously, that sounds absolutely ridiculous because who wouldn’t be trying to do that but small efforts can really compound a lot over a long period of time.

This could mean carpooling with friends when possible consolidating your trips throughout the week to make fewer weekly trips, minimizing idling driving in a fuel-conscious way, keeping your tires properly inflated plotting the most efficient routes, and things like that.

It’s all pretty common sense but again it can really start to add up over longer periods of time.

 But by far the best strategy and combination of strategies that I have found to save as much money as possible on gas is signing up for one of those loyalty rewards programs that we talked about earlier like sam’s club or Costco in order to earn their loyalty rewards discounts on gas.

But paying with a card that earns you additional cashback on gas station purchases.

I know gas is really expensive right now along with everything and it sucks but hopefully, this will help you squeeze a little bit more out of your hard-earned money next time you go to fill up your car.

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