How to use credit cards to save money on gas

In this photo illustration, a credit card is used to pay for gasoline on February 07, 2024 in San Anselmo, California. If you’re paying full price at the gas pump these days, you might be missing a way to fuel your household savings. That’s because many rewards credit cards offer bonus points when you use them at the gas station.

Used right, those rewards are like a discount on every gallon you buy. Few consumers would turn down these savings when the average price of a gallon of gas as of May 2024 was $3.61, according to AAA. It’s fairly common now to get triple points — 3 points per dollar spent — for using a rewards card to pay for gas. Notably, some of the best cards for fill ups don’t feature the names of big oil companies or their service station brands. Instead, you’ll likely save the most with general rewards credit cards or cards associated with warehouse clubs and credit unions.offer the equivalent of 3% or more in rewards.

Plus, you might not spend as much on gas as you think. In 2023, U.S. households spent an average of $2,635 per year on gasoline, according to the Bureau of Labor Statistics. Even with a 3% rewards card, that’s $79.05 cash back per year, or about $6.50 per month.

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