Today’s world is digital, and it’s difficult to get by without digital tools like email — and credit cards. Indeed, plastic payment cards are the new cash; even at a simple fill-up station, electronic payment rules the pump.
Having bad credit can make relying on credit cards a burden. A low credit score can hinder one from finding a reliable card for everyday spending, never mind finding a debit card with a low credit limit.
However, that doesn’t mean you’re without options. There are still convenient and reward-based ways of paying for the pump that you can use. Some even reward you in some way. We will explain which gas cards are the best for people with credit problems. We will also discuss some other tips to make saving even more at the pump possible.
Gas cards offer many advantages for building credit
- The approval process for some gas cards can be relatively straightforward, and they can be either gas-only cards or regular rewards cards that are geared toward consumers with bad credit.
- All three credit bureaus report to gas cards, so you can build credit over time.
- If you use a gas card, you may earn rewards and receive discounts while you fill-up.
Getting credit with a gas card comes with cons
- Bad credit gas cards may not offer great rewards
- A high APR and annual fee may accompany some gas cards.
- A secured credit card is one that requires putting down a cash deposit as collateral.
A good gas card for people with bad credit
There is a wide range of options you can consider with gas cards for people with bad credit. Among the credit cards on this list are the best gas cards for bad credit on the market today.
The Discover it® Secured Credit Card
Discover it® Secured Credit Card is one of the easiest gas cards to get approved for since it’s a secured credit card. You’ll need to pay a cash deposit as collateral upfront, but this card can help you build credit over time since your credit payments will be reported to all three credit bureaus.
No annual fee, no hidden fees, and you’ll earn 2 percent back on the first $1,000 you spend on gasoline and dining out plus 1 percent back on everything else. In addition to matching the rewards you’ve already earned, Discover will match any rewards you have after the first year.
Capital One’s Journey Student Rewards Program
Students and other individuals with fair credit can apply for the Journey Student Rewards program through Capital One, which is usually in the FICO range of 580 to 669. You will get 1% cashback on all purchases with this card, with no annual fee. You can boost your cashback to 1.25% for that month if you pay on time.
Capital One will start you off with a low credit limit with this card, once you’ve made six credit card payments on time. You will automatically see your credit limit go up.
Unsecured Visa® for Rebuilding Credit from the Credit One Bank®
A large part of the purpose of the Credit One Bank® Unsecured Visa® for Rebuilding Credit is geared toward people with poor credit. As soon as you’re approved, you’ll be able to earn a 1% cashback reward on gas and groceries. This includes monthly mobile phone, internet, cable, and satellite TV subscription fees charged to your card.
Depending on your creditworthiness, an annual fee of up to $99 might apply. This card even lets you pick a payment due date for your credit card payments. You may have the chance to get a credit limit increase after enough responsible use, though.
Fuel Rewards® Card from Shell
You may want to consider the Shell | Fuel Rewards® Card if you are looking for an easy approval gas card. You can earn up to ten cents off the total amount you spend on gas, excluding your gas card discount and the discount you get for signing up for the program.
If you purchase over $1,200 in Shell non-fuel purchases each year with your Shell | Fuel Rewards® Card, you can also receive an extra 10% rebate from Shell. You can apply online for this card, and you don’t have to pay an annual fee.
Information on using a credit card at a gas station
It’s daunting to navigate the process of using a pump-side payment for the first time. But you do not have to worry as it is not only convenient, but it is also simple to pay with a credit card while you’re standing at the pump!
The only thing you have to do to pay for gas directly at the pump with your credit card and follow any prompts that come up on the screen. You just need to insert the card into the slot — you do not have to keep it inserted, just remove it.
A computer at the pump will then prompt you to provide the billing zip code for the card or a PIN (four-digit number), if your card has one, to verify your card’s right to use.
The machine should allow purchases so long as you correctly enter the number and then it will instruct you on how to pump gas with the correct nozzle. Once you are finished pumping gas, you will see the screen ask if a receipt should be printed on the printer that is located next to the screen. Your receipt can be taken and you can go.
You should know some gas pumps sometimes will require a temporary authorization, which can be for between $75 and $100 before you can use a credit card at the pump. The purpose of this is to ensure the card does have enough funds to afford whatever amount is pumped. But you will ultimately be charged for what you pumped.
Here are some additional ways to save on your gas purchases
Gas rewards cards are a great benefit to people with bad credit, but it can be harder for them to get one with a rewards program if they have bad credit.
Saving money at the pump doesn’t require credit card rewards, so you are able use any credit card while still enjoying the benefits of spending less on gas. Here are a few ways to do that.
Sign up for a Gas Reward Programme
In addition, some grocery stores offer gas rewards programs and discounted gas cards. Additionally, some gas station companies offer loyalty programs unique to their brand to save money on every gallon of gas.
You can save money by using a gas-saving app
Using Pumps Strategically
Look for the cheapest gas that is conveniently located on your regular route, then fill up at that gas station. Hint: wholesale stores often offer higher prices than regular stations. Filling up your tank at the start of the week helps too, since gas tends to be more expensive closer to the weekend.
Understand the Mechanics
It is important to take care of your tires and engine because your driving habits and what the condition of your car is can both impact your gas mileage. Driving not as aggressively and taking good care of your engine and tires can help reduce your fuel usage.
Several websites offer tips on ways to save on gas, so doing a simple web search may reveal several ways to save. If you obtain a rewards card, you’ll gain even greater savings.
Is a gas card worth it?
A secured or unsecured gas credit card is the perfect way for consumers to build credit. Building credit with a gas card is a great way to build good habits, and you can even get some discounts on fuel.
Only apply for store-branded gas cards if you fill up with that specific brand frequently. Compare gas cards for bad credit for their fees and their rewards.
Your credit may be rebuilt when you are approved for a gas card. After a few years passing and you have made plenty of credit card payments on time, you ought to be able to get a better rewards credit card.