3 Best Business Gas Credit Cards: Rewards & Fees Compared
Looking for the best business gas credit cards?
If you’re a business owner who relies on vehicles to get work done, you know that fuel costs can add up quickly. That’s why having a good business gas credit card can be a smart move.
With the right card, you can earn travel rewards or cash back on your fuel purchases, saving your business money in the long run. But with so many options out there, how do you know which gas cards are the best fit for your business?
Need a quick decision? Ink Business Cash® Credit Card is an excellent business credit card for gas purchases, featuring solid cash back rewards, no annual fee, and a 0% introductory APR on purchases for the first 12 months, making it a cost-effective and advantageous option for businesses.
In this post, we’ll take a look at some of the best business credit cards for gas purchases and compare its rewards and fees. Whether you’re looking for a card with high rewards, low fees, or other perks, we’ve got you covered.
Best Gas Credit Cards For Business
If your business frequently relies on fuel, it’s essential to maximize your savings and rewards. We’ve carefully curated the top three business credit cards that offer a range of valuable benefits for gas purchases.
1. Ink Business Cash® Credit Card
Ink Business Cash® Credit Card comes with a host of compelling features and benefits that make it an appealing choice for business owners.
First and foremost, it offers a substantial sign-up bonus. You can bonus_miles_full. This bonus can provide an immediate boost to your business finances, which is always a welcomed perk.
With Ink Business Cash® Credit Card, you can unlock the potential to earn cash back across a range of expenses. Particularly beneficial for businesses with a focus on gas expenditures, this card offers a noteworthy 2% cash back on the initial $25,000 spent at both gas stations and restaurants every account anniversary year.
Furthermore, you have the opportunity to earn an impressive 5% cash back on your initial $25,000 spent at office supply stores, as well as essential services such as internet, cable, and phone, on an annual basis. Even on all other purchases, you’ll continue to enjoy a solid 1% cash back reward.
Security is a top priority with this card. It offers round-the-clock monitoring for unusual credit card purchases, providing you with peace of mind and robust protection against fraudulent transactions. Plus, the Zero Liability feature ensures that you won’t be held responsible for unauthorized charges made with your card or account information, adding an extra layer of security.
A significant advantage of this card is that it comes with no annual fee! This means you can enjoy all these benefits without incurring additional costs, making it a more cost-effective choice for your business finances.
The card also offers flexibility in how you can redeem your rewards. You have the option to redeem them for cash back, gift cards, travel, and more through Chase Ultimate Rewards®. This flexibility allows you to choose how you want to use your earned rewards based on your specific business needs.
For those planning significant business purchases, the card provides intro_apr_rate, for the first intro_apr_duration, followed by an ongoing APR of reg_apr,reg_apr_type. This can be particularly advantageous if you wish to carry a balance without incurring interest charges during the introductory period.
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2. American Express® Business Gold Card
If your business spends a significant amount on fuel, the card_name is an excellent option to consider.
One of the standout features of this card is its generous welcome bonus package – bonus_miles_full
With this card, you can earn 4X Membership Rewards® points on the two select categories where your business spends the most each month, up to $150,000 in combined purchases per year. This means that if gas stations are one of your business’s top spending categories, you can earn four times the rewards points on those purchases, which can add up quickly.
While the American Express® Business Gold Card has an annual fee of annual_fees, however, the benefits it offers can far exceed this cost if cardholders are able to fully utilize the card’s features.
Another amazing benefit of this card for frequent travelers is the no foreign transaction fees, which means you can use this card all over the world without worrying about unnecessary expenses.
Key Features of the American Express® Business Gold Card
Why I like the American Express® Business Gold Card:
This card is generally an excellent choice for business owners, and it becomes particularly beneficial for gas purchases when fuel expenses rank among your top two spending categories, thanks to its 4X Membership Rewards points earning potential.
3. Capital One Spark Cash Plus
One standout feature of card_name is its unlimited cash-back offering, providing cardholders with a solid 2% cash back on every single purchase, including eligible purchases at gas stations. This straightforward and reliable cash-back rate can accumulate rewards quickly and contribute to significant savings over time.
Another remarkable aspect of this card is its unwavering commitment to security. With its 0% fraud liability guarantee, you’re shielded from any unauthorized transactions in case your card is lost or stolen. So, if the unexpected happens, don’t worry, rest assured that you’re covered and can continue to manage your finances with ease.
The card carries a $150 annual fee, but it can be waived when your annual business spending exceeds $150,000. This fee also includes other benefits like purchase protection or extended warranty on eligible items, so this is an affordable cost for business owners to consider.
Key Features of Capital One Spark Cash Plus
Why I like the card_name: Its user-friendly rewards program provides a steady 2% cash back on any eligible purchases.
Understanding Business Credit Cards for Gas
A business credit card designed for gas purchases can help you save money and provide other benefits for your company.
While some business credit cards may come with an annual fee, don’t be deterred by it, especially if you can maximize the rewards earned through your gas spending. In many cases, the value of the rewards and benefits can far outweigh the annual fee, making it a prudent choice for businesses that frequently spend on fuel.
When choosing the best business credit card for gas, there are several factors you should bear in mind to make sure that you’re getting the most value for your needs.
Reward Rate
Pay closer attention to the reward rate for purchases at gas stations. Some cards offer higher rewards on gas purchases, while others may provide a flat rate for all spending categories.
Annual Fees
Keep in mind the annual fees associated with each card. Some cards may have high annual fees that could outweigh the rewards earned from gas spending. It’s important to weigh the benefits against the cost to determine if a card with an annual fee makes sense for your business.
Interest Rate
The interest rate on any outstanding balances is another factor to consider. A higher interest rate could make it more expensive to carry a balance, so it’s crucial to select a card with reasonable rates, especially if you plan to carry a balance occasionally.
Cardholder Benefits
Additional cardholder benefits can also have a significant impact on the overall value of the card. Look for benefits like roadside assistance, rental car coverage, or travel insurance, which can be valuable for businesses with frequent travel or vehicle-related expenses.
Foreign Transaction Fees
If your business operates internationally or requires frequent travel, consider foreign transaction fees. Some cards may charge a fee on transactions made outside of the United States. Opting for a card without foreign transaction fees can save your business money on international spending.
Sign-up Bonus
Look for cards with impressive sign-up bonuses. A generous sign-up bonus can provide significant value in the short term, but make sure the card’s ongoing benefits are also in line with your business needs.
Best Business Gas Credit Cards FAQs
Here are the answers to some of the most frequently asked questions about the best business gas credit cards.
Are gas credit cards worth it?
If you and your employees frequently purchase fuel, gas credit cards can be your money-saving sidekick. Just remember to balance those rewards with any fees and think about your spending habits to determine whether a gas credit card is the right fit for your business.
What is a good gas card for a business?
Two of the best options for a business gas card are the Ink Business Cash® Credit Card (solid cash back rewards, no annual fee, 0% introductory APR for the first 12 months) and the American Express® Business Gold Card (4X Membership Rewards points on top two spending categories that can be gas purchases)
Can I get a business gas card with bad credit?
It is possible to get a business gas card with bad credit, but it may be more difficult. Many business gas cards require good to excellent credit scores for approval. However, there are some secured credit cards that have easier approval requirements and can help you build credit.
The Wrap-Up: Best Gas Cards for Business
In your search for the best business gas credit card, it’s essential to evaluate the various options available to you. By carefully considering factors, you can select the card that best suits your business needs and helps in managing fuel expenses
If you value simplicity with cashback rewards and want to avoid annual fees, the Ink Business Cash® Credit Card is a dependable choice, offering a consistent 2% cashback at gas stations and restaurants up to $25,000.
In contrast, the American Express® Business Gold Card, though it comes with a $295 annual fee, is a compelling option for business owners, especially if gas purchases rank among your top two spending categories, as it provides a robust 4X Membership Rewards points earning rate in such situations.
See Rates & Fees for The American Express Business Gold Card
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