Choosing the Best Gas Card
Gas rewards cards are terrific tools that allow consumers to save money on a necessary purchase: fuel.
“For cost-conscious consumers, gas rewards cards offer a simple way to enjoy substantial savings,” said Mary Hunt, founder of budgeting and debt-management resource Debt-Proof Living. We’re all looking to save cash wherever we can. Gas cards offer us a ready-made, instant ‘savings account,’ allowing us to earn money back on something we have to buy: gas to keep our cars moving.
“Finding the best card for you isn’t just a matter of looking at the initial rebate offering, though. Smart consumers look to see if there are strings attached. We don’t like strings!”
Take a look at the comparison chart below to understand the differences between the major fuel-company gas cards.
|Fuel Brand Card||What's the discount?||Is it immediate?||What's the fine print?|
|Sunoco Rewards||5 cents per gallon||Yes||
None. Sunoco Rewards discounts are ongoing and have no minimum or maximum requirements.
|BP||5 cents per gallon||Yes, you can choose this option at particpating locations||You must spend $100 to earn a rebate. Rebates expire after 12 months if they are not used.|
|BP Visa||15 cents per gallon at BP; 5 cents per gallon elsewhere||Yes, you can choose this option at participating locations||You must spend $100 at BP to earn a 15 cents per gallon discount or $100 everywhere else to earn a 5 cents per gallon discount. Rebates expire after 12 months if they are not used.|
|Chevron Texaco Visa||10 or 20 cents per gallon||No||You must spend $300/month to earn a 10 cents per gallon discount, or $1000/month to earn a 20 cents per gallon discount.|
|Citgo||5 cents per gallon||No||None|
|Conoco Philips||5 cents per gallon||No||You must purchase at least 45 gallons to earn a 5 cents per gallon discount; the rebate applies only up to 110 gallons.|
|ExxonMobil||6 cents per gallon||No||You must purchase at least 45 gallons to earn a 6 cents per gallon discount. The rebate applies only to purchases up to 100 gallons.|
|Gulf MasterCard||3% cash back at Gulf locations; 1% everywhere else||No||You must accumulate a $20 rebate in order to get a statement credit.|
|Hess Visa||3% cash back on Hess purchases; 1% cash back on non-Hess purchases (except fuel)||No||You are limited to $12 cash back per month on Hess purchases.|
|Marathon||2 cents per gallon||No||You must accumulate a $10 rebate in order to get a statement credit.|
|Shell||5 cents per gallon||No||You must purchase at least 45 gallons in a single month to earn a 5 cents per gallon discount. The rebate applies only to purchases up to 100 gallons.|
|Shell MasterCard||10, 15, or 20 cents per gallon||No||Discounts only apply to the first 100 gallons purchased. Earn 10 cents when you spend $500, earn 15 cents when you spend $1,000, and earn 20 cents when you spend $2,500 in qualifying purchases.|
For more money-saving tips, download Mary Hunt’s free eBook Family Road Trip Survival Guide
Sources: Gas card Web properties. This information is updated on a quarterly basis. Information is current as of 1/30/2015. The table only includes fuel-company branded cards that have more than 1,000 retail locations.