The average American spends over $2,000 per year to fill up their gas tank.
If your business requires you to do a lot of driving back and forth for things like client meetings and making deliveries, you might find yourself spending a lot more than this.
One of the best ways to save on gas and manage your business’s budget better is to use a credit card specifically for gas purchases. There are tons of great business gas cards out there that you can choose from.
Read on to learn more about these cards and get details on five of the best options you might want to use in 2019 and beyond.
Why Use Business Gas Cards?
You might be surprised to learn that there are a lot of benefits that come with using a business gas card. The following are some of the greatest perks that you can experience with these cards:
When you use a business gas card at the pump, you can often earn cash
This helps to put more money back in your bank account and reduces the amount of money you spend each month on gas.
With some cards, you can also earn points that you can redeem to save money on gas in the future.
Earn Other Rewards
In some cases, you can earn points with your business gas card that help you save money on other things, too. For example, you might be able to redeem points that lower the cost of hotel stays, airline tickets, restaurants, and other business expenses.
When you use one card for all your gas purchases, it’s easier for you to get a clear picture of how much money you spend on gas each month. This, in turn, allows you to budget better and plan ahead for future expenses with more accuracy.
Boost Credit Score
Finally, using a credit card for gas helps to boost your business credit score.
As long as you pay the balance off in full each month, you can raise your business credit score. This will help you become eligible for loans and other types of credit cards in the future.
How to Choose a Business Gas Card
At this point, you might be a bit more interested in applying for and using a business gas card instead of a regular credit or debit card. How should you decide which one to use, though?
Listed below are some tips that can make it easier for you to choose the best card for your specific needs:
- Annual fee: What is the fee, and how much will it subtract from your total rewards?
- Reward caps: Is there a limit on the rewards you can reap from a particular card?
- Redemption value: How and for what, exactly, are you able to redeem the points you’ve earned?
- Membership requirements: What kind of criteria do you have to meet (such as credit score limitations) in order to obtain this card?
Be sure to get a thorough understanding of the additional features that come with this card. For example, can you earn cash back or points to redeem at other locations besides the gas station?
Top 5 Best Business Gas Cards
If you’re feeling overwhelmed by all the different business gas cards out there, we’re here to simplify the issue. The following five cards check all the boxes listed above and are great options to consider:
1. Citi Premier Card
This is one of the best gas credit cards out there for business owners and cardholders in general.
The Citi Premier Card offers three points for every $1 spent at any gas station. That’s way more than most gas cards, and it also offers points for other types of purchases, including travel purchases, restaurants, and entertainment.
You can even earn 1 point for every $1 spent on anything spent outside of these categories.
2. Discover it Secured
If you have a low credit score or your business hasn’t had a chance to build a credit score yet, a secured card will help you start building credit while also earning some great rewards.
The Discover it Secured card requires a deposit of at least $200. Once you’ve paid that deposit, you’ll get 2 percent cash back on the first $1,000 spent on gas and at restaurants.
3. U.S. Bank Business Cash Rewards World Elite Mastercard
This is a great card for established business owners and their employees. It gives you three percent cash back on gas purchases equal to or less than $200. It also gives you three percent back on cell phone services and purchases at office supply stores.
4. Capital One QuicksilverOne Cash Rewards Credit Card
For businesses with a fair credit score, the Capital One QuicksilverOne card is a good middle ground between a secured card and some of the other options on this list.
It has a low $39 annual fee and awards you with a 1.5 percent cash return on all purchases. With this card, you’ll also gain access to a higher credit limit after just five months of on-time payments.
5. Shell Credit Card
If you’re going to use a gas credit card offered by a specific gas station, the Shell Credit Card is one of the best ones to consider.
This card comes with a zero percent annual fee. It also gives the cardholder a 10-30-cent rebate per gallon of gas on up to 20 gallons each time you fill up your tank.
You can also use the card to earn 10 percent back in fuel credits on your first $1,200 spent on Shell purchases.
It allows you to earn 2 percent back in fuel credits on your first $10,000 spent on dining and grocery purchases, too.
Choose the Right Gas Card Today
As you can see, there are plenty of benefits that come with using business gas cards instead of regular credit cards for gas purchases.
In order to experience those benefits, you definitely ought to consider using one of the business gas cards listed above. All of them come with great rewards and will help you save the most at the pump.
Do you want to stay informed about the best and latest business gas cards? If so, be sure to check out the Gas Card Reviews section of our site today.
You’ll find more information about gas cards worth considering here, and you’ll also find links that make it easier for you to apply for those cards.
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