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Whether you’re delivering orders or shuttling between client meetings, gas can quickly become a big cost for your small business. You might be inclined to grab a branded credit card from your local gas station, and that’ll certainly provide relief at the pump. But the best business gas credit card might not strictly be a gas card at all.
There are some better, perhaps surprising, business gas credit cards that provide more value than only saving cash on gas. In fact, your best bet might be a business credit card that earns you cash back on several spending categories, which’ll give you a lot more flexibility than your branded gas card will.
We’ll break down the advantages of gas cards, tell you why you might want to steer clear of them, and give you a few business credit card alternatives. With any of the three top business gas credit cards, you can save on gas and benefit other rewards to supercharge your business spending.
If you travel often, you’ll know that transit costs can weigh heavily on your balance sheet. Frequent flyers can get rewards for their journeys with a business credit card that’s loaded with travel perks—but those cards’ rewards typically focus on airfare and hotels. Not so useful if you’re usually in the car.
So, road warriors are better off with business credit cards that offer bonus rewards on gas. With the average gas price at around $2.86 a gallon, the standard 2% cash back on gas turns into a 5 cent discount on every gallon pumped. On top of that, gas credit cards might reward spending in other categories, like restaurants and office supplies.
But there’s a caveat: Branded gas credit cards—like the Shell Drive for Five® Card or Sunoco Rewards Credit Card—usually don’t provide the best value. For example, both of those cards offer 5 cents off per gallon, which translates to about 2.5% rewards using the national average gas price.
However, you earn those rewards only if you fill up at a specific company’s gas stations. Plus, your rewards rate decreases as the price of gas increases. And you probably won’t receive an introductory bonus offer, as you would with a standard business credit card, or bonus rewards in other categories.
All in all, you’re much better off with a general business card that offers bonus rewards on gas, rather than a gas credit card that only rewards gas purchases.
True, there are benefits to getting a branded gas credit card. But if you want a card whose value extends far beyond the pump, consider these three business gas credit cards instead.
If you’re looking for a gas business credit card with a long 0% intro APR period, check out the SimplyCash® Plus Business Credit Card from American Express. This card also features one of the best rewards rates you’ll find, especially if you’re looking to save on gas.
With this card, you’ll get:
This card doesn’t come with a cash back intro offer, but it does have one of the two longest 0% intro APR periods on the market to make up for it. You’ll get 0% APR on purchases for 15 months, after which your variable APR will vary with the market, so see the issuer’s terms and conditions for the latest APR information.
Earning 3% cash back on gas—equivalent to 7.5 cents off a $2.50 gallon, for those keeping score at home—makes the Amex SimplyCash Plus Business Credit Card one of the best business gas cards on the market.
For an alternative gas business credit card, check out the Chase Ink Business Cash Credit Card. Like the Amex SimplyCash Plus card, the Chase Ink Business Cash card has no annual fee and a generous rewards system that earns you cash back on gas (as well as other spending categories). But the spending threshold to earn your rewards is lower on this card than it is on the Amex, which makes those rewards even more accessible.
This card also comes with a strong bonus offer of $500 cash back when you spend $3,000 in the first three months of card ownership. In addition, you’ll benefit from the card’s 12-month 0% intro APR period, applicable to purchases and balance transfers, making this an attractive option for business owners who need time to pay off a big purchase. After the intro period, your variable APR will vary with the market, so see the issuer’s terms and conditions for the latest APR information.
If you’re looking for even more spending power on your business gas credit card, you might want to consider a charge card instead. Card issuers don’t set a predetermined spending limit on charge cards, like they do with traditional credit cards. Be aware, though, that you’ll need to be able to pay off your charge card’s balance in full every month. Otherwise, you’ll be hit with steep fees and interest rates if you don’t pay in full.
So, if you don’t plan on carrying a balance every month, check out the Business Gold Rewards Card from American Express, which packs a punch on gas rewards.
This charge card offers 3 Membership Rewards points per $1 spent on one of five rewards categories (you choose which category you’d like to earn on). You can redeem those points for so many rewards, including Amazon purchases, travel, gift cards, and more.
If you’re looking for a business gas credit card specifically, you’ll likely choose to earn your 3 points on the dollar for purchases at US gas stations. But your four other choices include:
You’ll also earn 2 points for every dollar you spend, for up to $100,000 on purchases, on the four categories you didn’t choose.
If you opt for the Business Gold Rewards Card, you’ll also take advantage of a generous signup bonus: If you spend $5,000 on this card within your first three months after account opening, you’ll earn 50,000 Membership Rewards points. The card’s annual fee is waived your first year, too.
Yes, there is an annual fee on this card, unlike the other two cards on this list. After your first year, that fee is $175. But with such easily reached rewards—which are maximized the more you spend—that annual fee will pay for itself in points. So, if you’re a big spender, you’ll get much better value with the Amex Business Gold Rewards Card than the no-fee options.
If you’re looking for a business gas credit card that will provide you some relief at the pump, you can certainly opt for a branded card from your favorite gas station. These cards will help you save on gas, for sure. But they won’t provide you with nearly the same amount of rewards, benefits, and flexibility that a true business credit card can.
So, you might want to consider the following business credit cards instead. On top of gas savings opportunities, these cards can earn you cash back, points, and even long, interest-free introductory periods.
If you’re looking for the best business gas credit card, expand your search beyond branded gas cards. Any of these three business credit cards will definitely ease the burden on your gas charges, but they’ll work hard for you in other spending categories, too.
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