7 best rewards cards to beat summer prices at the pump

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7 best rewards cards to beat summer prices at the pump

Nationwide gas prices were projected to hit four-year highs this summer, at an average of $3 per gallon. If you plan to do a lot of driving this season, the cost of filling your tank will quickly add up. But a credit card with gas rewards can help you save every time you fill up.

Here are the seven best rewards cards to beat summer prices at the pump.

Best for straightforward gas rewards: Bank of America Cash Rewards Credit Card

Why we like it: Solid cash back rates make this card a simple but rewarding affair.
The cost: $0 annual fee. 0% annual percentage rate for 12 months on purchases and balance transfers, then variable 14.99% to 24.99% APR.
The signup bonus: $150 bonus cash when you spend $500 in the first three months.
The rewards: With 3% cash back on gas purchases, 2% cash back at grocery stores and wholesale clubs and 1% cash back on everything else, your everyday staples put money back in your wallet.

Best for families: Blue Cash Preferred Card from American Express

Why we like it: If your family budget includes a lot of gas and groceries, this card helps you save.
The cost: $95 annual fee. 0% APR for 12 months on purchases and balance transfers, then variable 14.74% to 25.74% APR.
The signup bonus: $200 statement credit when you spend $1,000 in the first three months.
The rewards: Cardholders earn 6% cash back at U.S. supermarkets, 3% cash back at U.S. gas stations and eligible department stores and 1% cash back on everything else. It’s a great value for families.

Best for first-year value: Discover it Chrome Gas & Restaurants

Why we like it: Discover provides dependable cash back rewards with an impressive first-year bonus.
The cost: $0 annual fee. 0% APR for 14 months on purchases and balance transfers, then variable 13.74% to 24.74% APR.
The signup bonus: Discover will match all cash back rewards earned within the first year.
The rewards: This card earns 2% cash back on up to $1,000 each quarter at gas stations and restaurants and 1% cash back on everything else. But for the first year, Discover’s cash back match essentially doubles those rates.

Best credit union card: PenFed Platinum Rewards Visa Signature Card

Why we like it: Points earned at the pump can be used for travel or goodies.
The cost: 0% APR for 12 months on balance transfers, then variable 11.24% to 17.99% APR. Variable 11.24% to 17.99% APR on purchases.
The signup bonus: $100 statement credit when you spend $1,500 in the first 90 days.
The rewards: Cardholders earn five points per dollar on gas purchases, three points per dollar on groceries and one point per dollar for everything else. Points can be redeemed for travel, gift cards and merchandise. You must be a PenFed member.

Best for travel rewards: Citi ThankYou Premier

Why we like it: Travel enthusiasts who want gas rewards should look at this card.
The cost: $95 annual fee (waived the first year). Variable 16.24% to 25.24% APR on purchases and balance transfers.
The signup bonus: 50,000 bonus points when you spend $4,000 in the first three months.
The rewards: This travel-focused card earns three points per dollar on travel purchases, which, unlike many competitors, includes gas. It also earns two points per dollar on dining and entertainment purchases and one point per dollar for everything else. Points can be redeemed for travel, gift cards and more, but the best value is reserved for airfare.

Best for wholesale club members: Costco Anywhere Visa Card by Citi

Why we like it: Costco members can supercharge their fuel savings.
The cost: $0 annual fee (you must have a Costco membership). Variable 16.99% APR on purchases and balance transfers.
The signup bonus: None.
The rewards: Costco’s credit card earns 4% cash back on eligible gas purchases, 3% cash back on restaurants and eligible travel purchases, 2% cash back at Costco and Costco.com and 1% cash back on everything else. That’s a long list of ways to save, and one of the highest gas cash back rates around.

Best gas station brand card: BP Visa Credit Card

Why we like it: For fuel savings at BP gas stations, this card can’t be beat.
The cost: $0 annual fee. Variable 28.49% APR on purchases.
The signup bonus: None
The rewards: The card earns 25¢ off per gallon for every $100 you spend at BP, 15¢ off per gallon for every $100 you spend on eligible groceries, dining and travel and 5¢ off per gallon for every $100 you spend on everything else.

Planning a trip? Take a few minutes to cut your summer trip costs.

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