Discover how gas reward cards work, their history, benefits, where to buy, and top options for saving on fuel. Learn to maximize rewards with the right card tailored to your driving needs and spending habits.

How to Use and Maximize Gas Reward Cards

What is a gas reward card?
A gas reward card is a prepaid or credit card designed specifically for fuel purchases. Issued by major oil brands like Shell and ExxonMobil, or financial companies such as Edenred and Fleetcor, these cards help users save money on fuel costs. Fleet managers also utilize them for vehicle maintenance and related expenses, making them practical tools for fleet management.

History of fuel reward cards
Fuel reward cards began in the U.S. in the 1960s, initially resembling credit cards with customer details. Early transactions required manual recording, which was inefficient and vulnerable to fraud. The introduction of magnetic stripe technology improved security and efficiency, enabling better tracking of fuel expenses and detailed reporting.

Benefits of gas reward cards
Gas reward cards incorporate security measures like cashless payments, chip-and-PIN verification, comprehensive receipts, the ability to deactivate cards online, restrictions to fuel purchases only, and fraud reporting options. These features reduce risks of credit card fraud and enhance oversight.

While technologically similar to credit cards, gas reward cards differ in that their balances are not reset monthly, they often have shorter repayment periods, can be tailored for specific transactions, and require different payment terminals. Usually, users are responsible for any fraudulent activity.

Where to buy fuel reward cards
Fuel reward cards are readily available at gas stations, online stores, retail outlets, and through direct online orders.

Popular gas reward cards in 2017
Some top options include:

American Express Blue Cash Preferred: Offers 3% cashback at U.S. gas stations, 6% on groceries (up to $6000 annually), and 1% on other purchases. Comes with a $150 sign-up bonus after spending $1000 in three months, a 0% APR for a year, and entertainment perks. An annual fee applies.

Discover it Chrome: Gives 2% cashback on gas and dining (up to $1000 quarterly), and 1% on other expenses. No sign-up bonus but doubles cashback in the first year, with no annual fee. Balance transfer fee is $3, late fee up to $35.

Chase Freedom: Provides 5% cashback on fuel up to $1500 in the first quarter each year, plus 1% on other purchases. No annual fee, minimum redemption of $20, and a $150 sign-up bonus with $500 spending in three months. Includes purchase protection for 120 days.

Other useful options include Discover it, PenFed Platinum Rewards, Citi ThankYou Premier, Chase Ink Business, and various U.S. Bank and Chevron cards. Each offers cashback benefits and additional perks tailored for fuel shoppers.

Since fuel expenses are regular for many, compare these cards carefully to find the best fit for your spending habits before applying.