Best Gas Credit Cards for 2024

As gas prices continue to fluctuate due to geopolitical tensions, supply chain disruptions, and the global push toward renewable energy, finding ways to save at the pump has never been more crucial. Whether you're a daily commuter, a road trip enthusiast, or a business owner managing a fleet, the right gas credit card can help offset rising fuel costs while offering additional perks.

In this guide, we’ll break down the top gas credit cards for 2024, highlighting their rewards structures, annual fees, and unique benefits. We’ll also explore how inflation and the shift toward electric vehicles (EVs) are influencing credit card rewards programs.

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Why Gas Rewards Cards Matter in 2024

With the average price of gasoline hovering around $3.50 per gallon in the U.S.—and even higher in states like California—every penny saved adds up. Gas credit cards offer cash back, points, or discounts that can significantly reduce your annual fuel expenses.

The Impact of Inflation and Energy Policies

The Biden administration’s push for cleaner energy and stricter emissions standards has led to increased investment in EV infrastructure. However, traditional gas-powered vehicles still dominate the roads, making gas rewards cards a smart financial tool for most drivers.

Meanwhile, inflation has forced many households to cut discretionary spending, making fuel savings even more valuable. A card that offers 3-5% back on gas purchases can save the average driver hundreds of dollars per year.

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Top Gas Credit Cards for 2024

Here are the best gas credit cards available this year, categorized by their primary benefits.

Best for Flat-Rate Cash Back

Citi Custom Cash® Card

• Rewards: 5% cash back on your top eligible spending category each billing cycle (up to $500 spent), including gas stations.
• Annual Fee: $0
• Bonus: $200 after spending $1,500 in the first three months.

Why it stands out: If gas is your biggest monthly expense, this card ensures maximum rewards without an annual fee.

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Best for High Fuel Rewards

Costco Anywhere Visa® Card by Citi

• Rewards: 4% cash back on eligible gas purchases (including Costco gas) for the first $7,000 per year, then 1%.
• Annual Fee: $0 (Costco membership required)
• Bonus: Additional 2% back at Costco and 3% on restaurants/travel.

Why it stands out: Costco’s gas stations are often cheaper than competitors, and this card stacks savings.

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Best for Travelers

Bank of America® Customized Cash Rewards Credit Card

• Rewards: 3% cash back in a category of your choice (including gas) and 2% at grocery stores/wholesale clubs.
• Annual Fee: $0
• Bonus: $200 online cash rewards after spending $1,000 in 90 days.

Why it stands out: Flexibility to switch reward categories quarterly.

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Best for Business Owners

Shell Fuel Rewards® Business Credit Card

• Rewards: Up to 10¢ off per gallon at Shell stations, plus 2% back on dining and travel.
• Annual Fee: $0
• Bonus: 25¢ off per gallon for the first 10 fill-ups.

Why it stands out: Fleet managers can save thousands annually with volume discounts.

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How EV Adoption Is Changing Gas Card Benefits

With automakers like Tesla, Ford, and GM accelerating EV production, some issuers are adapting their rewards programs. For example:

• The U.S. Bank Altitude® Connect Visa® Card now includes EV charging stations in its 4X points on gas and travel.
• The Wells Fargo Autograph℠ Card offers 3X points not just on gas but also on transit, including rideshares and charging networks.

If you’re considering an EV in the next few years, look for cards that offer flexibility beyond traditional gas stations.

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Maximizing Your Gas Card Rewards

Stack Discounts

• Use apps like GasBuddy to find the cheapest stations, then pay with your rewards card.
• Combine loyalty programs (e.g., Exxon Mobil Rewards+ with a cash-back card).

Watch for Rotating Categories

Cards like the Chase Freedom Flex℠ offer 5% back on gas in select quarters—activate these bonuses when available.

Avoid Interest

Pay your balance in full each month—high APRs on gas cards can negate rewards.

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Final Thoughts

The best gas credit card for you depends on your spending habits, whether you prioritize cash back, travel perks, or business savings. As energy markets evolve, staying informed will help you maximize every dollar spent at the pump—or the charging station.

(Note: All rewards and terms are subject to change. Check issuer websites for the latest details.)