What Is The Best Gas Rewards Credit Card?

January 26, 2016, Written By Jason Steele
What Is The Best Gas Rewards Credit Card?

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Gas may not be as expensive as it was last year, but it’s still a major expense for many families. In addition, it is nearly certain that oil prices will rise again, which will be painful for drivers all over the United States.

Thankfully, there are several reward credit cards that offer excellent savings on gasoline purchases. While some of these cards offer bonuses for purchases from gas stations, others offer a high level of rewards on all purchases, including gas. So in the end, choosing the best gas rewards card will depend on how you use your credit cards.

Capital One Quicksilver and QuicksilverOne

The Capital One Quicksilver and QuicksilverOne both offer unlimited 1.5% cash back on every purchase, including gas. Quicksilver is a Visa Signature card with no annual fees, and you can earn a $150 bonus after spending $500 in the first three months of card membership. The QuicksilverOne designed for those with average credit, and it is a MasterCard with a $39 annual fee and no sign-up bonus. Also, with the QuicksilverOne card, you can quickly access a higher credit limit after making the first five monthly payments on time. Both cards provide free and unlimited access to your credit score, and you can redeem your cash back rewards at any time for any amount. Finally, there are no foreign transaction fees for these cards.

Citi Double Cash

The Citi Double Cash card is a good choice for someone who wants consistent cash back on all of their purchases, including gas. This card offers 1% unlimited cash back at the time of purchases and an additional 1% cash back as you pay for those purchases in full or over time. Cash back rewards can be redeemed for a check, a statement credit, or gift cards. There is no annual fee for this card.

Citi Premier℠ Card

The Citi Premier℠ Card focuses on rewards that can be maximized at home and while traveling. Cardholders earn three points per dollar on travel, including gas as well as on public transportation, tolls, and parking, along with airfare and hotels. You can earn two points per dollar on dining and entertainment and one point per dollar on all other purchases. Your ThankYou points do not expire and there is no limit to the number of points you can earn. New cardholders earn 50,000 bonus points after making $4,000 in purchases within three months of account opening. Points may be redeemed for gift cards, merchandise or travel reservations booked through Citi’s ThankYou rewards travel agent. Or, points can be transferred to travel partners including Hilton HHonors, Singapore Airlines, and Virgin Atlantic Flying Club. This card has a $95 annual fee that is waived in the first year, and no foreign transaction fees.

US Bank Perks+ Visa Signature card

The US Bank Perks+ Visa Signature Card offers two points per dollar at gas stations and grocery stores and one point per dollar on all other purchases. Cardholders have the flexibility to choose what type of rewards they want to redeem, including brand name merchandise, gift cards, statement credits, or one airline ticket on over 150 airlines with no blackout dates. There are no limits on the amount of points you can earn. Cardholders also have access to the Visa Signature program, which provides a concierge service, access to Luxury Hotel Collection benefits, complimentary access to OpenTable reservations, travel packages, and more. This card has no annual fee.

The information contained within this article was accurate as of January 26, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Jason Steele

Jason Steele is a freelance journalist and an expert on the credit card industry. He contributes to several of the top personal finance sites, and his work is syndicated to mainstream outlets such as MSN Money, Yahoo! Finance, and Business Insider.
View all posts by Jason Steele