- $150 cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
- All 30 team cards are available, customized with your favorite team's colors and logo
Credit cards that provide cash rewards for gas are some of the most popular on the market. Almost everyone who drives a car buys gas, so a good gas credit card can be very useful, in part to help offset high gas prices.Some gas reward cards have annual fees, while others do not. Many of them offer rewards in two different bonus categories, and come with at least some basic benefits.
If you are still struggling to establish your credit, business credit cards can provide easier access to credit than other types of commercial funds. Some of the best small business credit cards online require only basic business and personal information and usually provide conditional approval within minutes.
Higher credit limits or 0% intro APRs while getting started
Business credit cards typically carry high credit limits, making it much easier to make major business purchases that you cannot make using your personal credit card or cash.
Earn rewards and sign-up bonus
You can earn cash back or rewards when you spend lot of money buying office supplies or other business needs. Some card issuers provide cardholders with discounts on certain business-related products and services directly.
Build business credit quickly
With business credit cards, not misusing them and making payments on time can help you increase your business credit rating quickly and take out a loan in the future easily.
Separate business credit.
Your personal credit rating is not reflected in your business credit card transactions. In addition, by having a separate credit card for a small business, you no longer have to sort out business and personal transactions when it is time to pay taxes.
Cards can be issued to employers and employees.
Multiple cards can be issued under the same account for different employees and business owners can determine how much credit individual employees can access and where to make purchases.
Business cards are not only suitable for companies. Even if you are performing a one-man show and you don't have an office, you can apply for a business card. Basically, if you do anything for profit, it can be considered a small business. In fact, you don't even have to earn income to apply for a business credit card. You only need to have reasonable intentions to make money and pay for business.
Personal and business credit score
The issuer will review your personal and business credit history when determining whether to approve your business credit card and what terms you are eligible for. While responsible past use of credit will maximize your chances, please ensure that the Personal Credit Bureau Experian, TransUnion and Equifax have accurate information, as well as commercial organizations such as Dun & Bradstreet and Small Business Financial Exchange. If your business license and insurance policy are up-to-date, proving that you are operating a legitimate business, the card issuer may also be in your favor.
How to fill out the application
The business’s legal name:
This is the name you use to conduct your business. This will be displayed on your card if you are approved. If you have a company or limited liability company, enter the name of the company you registered with the state government. If you are a freelancer or sole proprietor, please use your legal name.
Your tax identification number:
You need a tax identification number to process your application. Incorporated businesses and partnerships enter the federal employer identification number, which is a nine-digit number issued by the IRS for tax reporting purposes. If you're a self-employed, please enter your Social Security number on this line (unless you have an IRS-issued Employer Identification Number).
The business type or structure:
What the kind of business are you operating? If you're running a LLC, you can choose partnership or corporation, based on how it's set up. If you are a freelancer, you would usually put down sole proprietorship.
Your role in the business:
Make clear what you do in the business
Business address and phone number:
You need to fill in the contact information. If you work from home, just use your home address here.
How long you've been in business:
Enter the number of years you've been in business. If you're still in the early startup phase, just enter "0" in this box.
The number of employees:
If it's just you, enter "1" for yourself.
Annual business revenue:
You must let the credit card company in on how much revenue your business is bringing in each year. If your business is new and you haven't made any money, you can put "0."
Estimated monthly spend:
You can guess how much you will charge for business expenses, not personal to the card each month. Not all business card applications ask for this, but you should be ready with an answer if it comes up.
Fill in your personal information as required, including your name, address, phone number and email, social security number, birthdate, mother's maiden name and household income.
This will give you an idea of how you can earn rewards, when rewards will post and other information.
Set a rewards saving goal and pay with credit whenever possible.
If you’re collecting points or miles for a big trip, avoid spending them on small purchases.
Find out when your 0% introductory APR period ends and when your rewards expire note them on your calendar.
Your issuer isn’t required to alert you beforehand when your APR will go up in this case, and most don’t.
Get an app to help you track your awards.
Plan and budget
Create a business plan before using the business credit card for financing and you need to make sure what you can afford.
Monitor and control employee spending
Use your business credit card only for business expenses
We don’t recommend you mix personal and business expense, because it’s difficult to separate out your business expenses when filling taxes.
Pay your bill in full on time
Many business credit cards offer high credit limits, but they often come with high interest rates. Therefore, we recommend you to pay the bill in full on time in order to avoid paying high interest.
For example, with the ExxonMobil Smart Card, you can get 6 cents off each gallon of Synergy™ gasoline at Exxon and Mobil stations and earn two Plenti points per gallon of Synergy gasoline you purchase with the card.
“Using a card like this can also help you track your fuel expenses separately, making it easier to budget,” says David Bakke, credit expert at Money Crashers.
You can usually apply for a gas credit card at the gas station or online. With some cards, you may be able to choose a billing date that works for you.
Gas cards fall into one of three buckets:
General cash back cards with rewards on gas purchases.
Gas rebate cards that are co-branded with a retailer like BP and network like Visa or Mastercard.
Gas rebate cards that are specific to one retailer like Shell or Chevron and not within a network.
The key to maximizing your savings is to find the card that most closely aligns with your spending habits. As a rule of thumb, gas rebate cards are best for people who are brand-loyal. If you buy gas at many different retailers, a gas rewards card is usually the better choice.
You drive a lot or have a long commute. Whether you go with a traditional rewards card or opt for a gas rebate card, if you drive often, a gas credit card will help you save. If you’re already spending an hour at least on the road per day, why not get rewarded for it? Start using those commuter miles to your advantage with a gas card.
You have good/excellent credit and want to expand your rewards. There are points to be had and cash back to be earned for people who are good candidates for cards like the American Express® Gold Card. If you aren’t already saving on gas in some way, you can certainly start with a cashback credit card.
You don’t have a stellar credit score. The high APRs on most gas cards make carrying a balance a bad idea, but if you pay off your balance every month, using a gas card will improve your credit. Unlike other types of rewards cards, most gas cards will approve your application instantly, even with poor credit.
4.You’re planning a road trip. Although most gas credit cards don’t offer 0% introductory APR, a lot of them provide high rebates for the first few months. The Phillips 66 Drive Savvy® Rewards Credit Card knocks fifty cents off per gallon purchased for the first 30 days—which adds up to huge savings on a summer road trip. Introductory rebate offers pay off no matter how much you drive, but when planning a major road trip, the savings quickly add up.
Gas credit cards vary quite a bit. Some offer just 2% back in rewards, while our top pick, the Ducks Unlimited Card, offers 5% cash back.
There are many gas cards with no annual fee, so you can earn rewards at no cost whatsoever (as long as you avoid accruing interest).
A gas credit card can be an excellent way to collect cash back or points — if you use it responsibly. Your purchases will be covered by some basic protections, and the better cards have some cost-saving perks too.
You can use many gas credit cards to earn rewards for purchases at gas stations other than gas, like snacks or certain gift cards. But some specify that only fuel purchases will qualify for the gas bonus category.
Good rewards for gas spending: You can easily find cards that provide a 3% cash back equivalent for gas, though you can also get 5% back and occasionally more.
No annual fee, or a worthwhile fee: There are many very rewarding gas cards with no fee. But you might want a card with a fee if it would provide a better overall value.
Other bonus categories: It’s OK to just have a card that you only use for gas, and nothing else. However, a card with other good bonus categories would be more useful.
Shopping and travel protections: Most credit cards today have some standard protections. Although they probably won’t come into play when buying gas, they could be handy in other situations.
Valuable extra benefits: The best cards come with cost-saving perks like travel credits or access to interesting experiences, although you’ll typically need to pay a fee to get these benefits.
Perhaps you’re planning your yearly trip up the Pacific Coast Highway. For the sake of this example, let’s use the following data points:
You're traveling from Dana Point, CA to Leggett, CA (653 miles, according to the Travel Channel).
You’re driving a 2017 Jeep Wrangler with an EPA combined city/highway fuel efficiency of 18 mpg.
The average cost of gas in California is $3.55 per gallon (as of April 19, 2018, according to AAA).
If you were to pay for gas without the use of a gas card, you’d spend roughly $256 on fuel round-trip. With the use of a Drive Savvy® Rewards Credit Card from gas retailer, 76, you can take advantage of a 50 cents off per gallon offer for the first 30 days. With this card, you’ll spend roughly $220 in total. That’s a savings of $36 on one road trip alone.
If you’re considering a gas credit card, consider the intro offers in the context of your own gas budget. For many people, the rewards are lucrative and a smart way to save money.
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