Before you hit the road for your next business meeting, consider these picks for the best gas cards.
Pros:
No annual fee0% introductory APR Rewards never expire
Cons:
Limited to $2,500 in rewardsBalance transfer fees applyForeign transaction fee
Pros:
Highest rewards for groceries (6%)Additional commuter rewards Introductory 0% APR for 12 months
Cons:
Ongoing Annual fee Spending caps on rewards Foreign transaction fee
Pros:
4% gas cashbackNo annual feeNo foreign transaction fee
Cons:
Must be a Costco memberOnly 2% on Costco purchasesNo introductory offer
Pros:
5x points for gas at the pumpExtra rewards for EV charging stationsBonus introductory rewards
Cons:
Must be a member of PenFedPoints can be worth less than one centFive-year expiration for rewards
Pros:
High 5% rewards structureA high spending cap for gas purchasesNo annual fee
Cons:
Must be a Sam’s Club memberRewards redeemable at Sam’s ClubRewards redeemed only once per year
Rewards structure
The rewards structure for gas purchases can vary from card to card, generally ranging from 2% to 4% for eligible purchases. Most cards offer additional rewards, like cashback on dining or travel. Be sure to carefully review the rewards structure for each card to see which option best suits your normal spending habits.
Annual fee
The annual fee for a business gas card can vary, as well, with annual fees easily topping a few hundred dollars, depending on the provider you choose. Some companies may waive the annual fee with your membership, such as Costco, while other cards may skip the fee altogether.
Sign-up bonus
To further entice you, some gas card providers may offer additional sign-up rewards for your business. From a few thousand points at account opening to annual bonuses, there are many different types of introductory offers that could prove quite lucrative for your new gas card for business.
First-year rewards
Instead of a sign-up bonus, some credit card companies may offer extra bonuses after your first year of having the card. The rewards can vary significantly, with some meeting your needs more than others. For example, while PenFed gives 15,000 points for your first-year bonus, another card could match you dollar for dollar in first-year spending. Consider which rewards and perks are best for you based on your spending habits.
Citi Premier® Card: Citi gives a handsome introductory bonus of 60,000 points, but watch out for the $95 annual fee.Discover it® chrome: The first-year benefits are hard to beat with full cashback matching at the end of your first 12 months of having the card.US Bank Business Triple Cash Rewards World Elite Mastercard: Earn up to 3% limited cashback with 0% introductory APR for your first 15 months.ExxonMobil Smart Card: This card will help you save money at the pump, but rewards vary based on local gas prices.
No matter which gas card for business you choose, be sure to carefully review the terms and conditions for the card – as well as eligibility requirements – to find the best fit for you.
