The Best Business Gas Credit Cards for Your Company

The Best Business Gas Credit Cards for Your Company

The Best Business Gas Credit Cards for Your Company

Whether you’re a real estate agent who spends a lot of time driving to show properties, a contractor who often travels to job sites, or any other business owner whose business requires frequent fuel purchases, you’ll want to consider a gas card for your company to earn discounts, rewards or both. Here we share the best business credit cards. 

Benefits of a Business Credit Card for Gas Purchases

Fuel costs can add up quickly. Discounts and rewards are the two biggest benefits of business credit cards for gas purchases. Some credit cards offer significant cash back rewards for these purchases, for example, saving you money in the long run. 

Another reason to use a business gas credit card is to improve cash flow. With most business credit cards you will have time to pay the bill in full and avoid interest charges. Some card offers feature 0% intro APR welcome offers that apply to purchases and/or balance transfers. 

Expense management is another popular benefit of fuel cards. With a business credit card you can more easily track and manage your fuel purchases. If you have employees or contractors who need to fill up at gas stations, you can provide them with cards and avoid the hassles of reimbursements. Many card issuers offer free employee cards with spending limits, real-time expense tracking and reporting, and rewards for purchases they make on those cards. 

Business Credit Cards with Gas Rewards

Here are four of the best small business credit cards with higher-than-average gas rewards:

1. Costco Anywhere Visa® Business Card by Citi

Costco is a popular place to fill up the tank due to its very competitive fuel prices. You can effectively save even more with the Costco Anywhere Visa® Business Card by Citi with its cash back rewards program: 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter, 3% cash back on restaurants and eligible travel purchases, and 2% cash back on all other purchases from Costco and Costco.com. There is ​​no annual fee with your paid Costco membership

2. U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard®

Another rewarding card for fuel purchases is the U.S. Bank Business Triple Cash Rewards World Elite™ Mastercard® since gas purchases are one of the categories that earn the highest cash back rate. Earn 3% cash back on eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants. 1% cash back on all other eligible net purchases.

Limited Time Offer: Earn $500 in cash back. Just spend $4500 on the Account Owner's card in the first 150 days of opening your account. The annual fee on this card is $0.

3. Marriott Bonvoy Business™ American Express® Card

Spending at gas stations can earn you significant points on this travel card. 6x points at hotels participating in the Marriott Bonvoy™ program. 4x points at U.S. restaurants, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping. 2x points on all other eligible purchases. 

Welcome offer: Limited Time Offer: Earn 125,000 Marriott Bonvoy bonus points & 2 bonus Free Night Awards after you use your new Card to make $5,000 in eligible purchases within the first 3 months. Each bonus Free Night Award has a redemption level up to 50K points. Certain hotels have resort fees. Offer ends 11/3/2021. ​​Earn 75,000 bonus Marriott Bonvoy points after you use your new Card to make $3,000 of eligible purchases within the first 3 months of Card Membership.

4. Bank of America® Business Advantage Cash Rewards Mastercard® credit card

Cardholders get to choose their top spending category with the Bank of America® Business Advantage Cash Rewards Mastercard® credit card. Earn 3% cash back in the category of your choice (gas stations are the default), 2% cash back on dining and unlimited 1% cash back on all other purchases. There’s also a welcome offer: Get a $300 statement credit when you make at least $3,000 in net purchases within 90 days of your account opening.

*All information about the Bank of America® Business Advantage Cash Rewards Mastercard® credit card has been collected independently by Nav. This card is not currently available through Nav. To see what business credit cards are available, please visit the Nav Credit Card Marketplace.

Fleet Fuel Cards: Are there cards for gas only?

Fleet fuel cards may be another option to consider. Popular with fleet managers, they are typically restricted to fuel and service station purchases, either at gas stations affiliated with major brands like Shell or ExxonMobil, or at multiple fueling locations including independents. They emphasize discounts or rebates on fuel purchases and expense management features. A few examples of the best fuel cards:

  • WEX Fleet Cards are accepted at every major U.S. fuel station and over 45,000 service stations. 
  • Fuelman® fuel cards simplify fuel expense management for your business fleet and drivers. They offer a variety of cards with various features and benefits. 
  • Voyager fleet cards are accepted at 320,000 U.S. gas stations and truck stops. There are no transaction fees though there is a $3 charge per billing period. 

Arco, BP, Casey’s CEFCO and Speedway all offer Fleet cards and/or business gas cards as well. 

How to qualify for a business gas card

Business credit cards issued by major card issuers (including those that carry the Visa or MasterCard logo) typically require a personal credit check for the business owner who applies. Most small business credit cards require good or excellent personal credit scores. Your credit scores may affect the APR for which you qualify, as well as help determine your credit limit. 

Fuel fleet cards that are limited strictly to fuel and service station purchases may involve a personal and/or business credit check. 

How to apply for a business gas card

You can apply for most small business credit cards online and a decision can be made very quickly. You should have information about your business such as your Taxpayer Identification Number (TIN) or Employer Identification Number (EIN) handy when you apply. 

Can I get a gas card for my business?

Whether or not you can get a gas card for your business will depend on your qualifications. Again a personal credit check is common. In addition, you’ll need to meet minimum income requirements. Most cards will allow you to qualify based on income from all sources, not just the business. If your business needs longer term financing, however, a small business loan may be a better choice.

This article was originally written on August 17, 2021.

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ABOUT AUTHOR

Gerri Detweiler

Education Director for Nav

Gerri Detweiler is Education Director for Nav. Known as a financing and credit expert, she has been interviewed in more than 4000 news stories, and answered over 10,000 credit questions online. Her articles have been widely syndicated on sites such as MSN, Forbes, and MarketWatch. She is the author or coauthor of five books, including Finance Your Own Business: Get on the Financing Fast Track. She has testified before Congress on consumer credit legislation.

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2 responses to “The Best Business Gas Credit Cards for Your Company

  1. Hi, I may have missed it, but does any of these cards report to the business credit bureaus? If so which credit bureaus? Using fuel cards that report to the business credit bureaus would be more advantages for the business owner.