The average US household spends over $2,000 on gas each year. Here's how many points that translates to with 3 popular credit cards

gas station credit card

  • According to the Bureau of Labor Statistics, the average US
    household spent more than $2,000 on gas between 2017 and 2018.
  • That’s a considerable expense, and it’s one you can maximize
    with rewards credit cards that earn bonus points at gas
    stations
  • With just over $2,000 in annual gas purchases, you can rack up
    points, miles, or cash back with cards like the
    American Express® Business Gold Card
    , the
    Hilton Honors American Express Surpass® Card
    , and the PenFed
    Platinum Rewards Visa.

If there’s one thing I miss about driving a gas engine car, it’s
the bonus points I earned from my rewards credit cards. According
to the Bureau of Labor Statistics Consumer Expenditure Survey, the
average American household spent $2,055 on gas between 2017 and
2018.

That’s a pretty big expense for most people — and one that
should undoubtedly be maximized for a big return in rewards.

Here are three popular credit cards offering bonus points on
gas, and what those rewards translate to based on a year of gas
purchases.

Hilton
Honors American Express Surpass Card

Earning rate on gas purchases: 6 points per
dollar at US gas stations

Annual fee: $95

With an earning rate of 6 points per dollar spent at US gas
stations, the Hilton Honors Surpass Card is a great option for gas
purchases. On $2,055 in purchases, cardholders would earn 12,330
points.

Considering that free nights at Hilton hotels start at 5,000
points, that’s a solid return on spending. Hilton Honors is one of
the best hotel rewards programs in terms of earning free nights via
paid stays and credit card spending. The
Hilton Honors Surpass card
is an extra tool in your belt to
help you score those free nights faster. 

If you’re wondering what kinds of hotels you can book with
12,330 miles, check out the Hilton Points Explorer. You can specify
a point range and get results that can be filtered down by
destination.

American
Express Business Gold Card

Earning rate on gas purchases: Up to 4 points
per dollar

Annual fee: $295

The American Express Gold Business Card earns 4x points on your
top two spending categories each month from the list below, on the
first $150,000 spent each calendar year (then 1x). Gas stations are
just one of several spending categories that qualify for 4 bonus
points:

  • Airfare purchased directly from airlines

  • US purchases for advertising in select media (online, TV,
    radio)

  • US purchases made directly from select technology providers of
    computer hardware, software, and cloud solutions

  • US purchases at gas stations

  • US purchases at restaurants

  • US purchases for shipping


On $2,055 worth of spending, cardholders could earn 8,220 Amex
Membership Rewards points. Membership Rewards transfer to more than
20 travel partners, including British Airways, Delta, Hilton, and
Marriott.

At the moment, American Express is offering a 40% transfer bonus
on Avios, the rewards currency of British Airways, Iberia, and Aer
Lingus. So instead of 8,220 points you’d end up with 11,508 Avios.
These rewards are very useful for short-haul flights, which start
at just 4,500 Avios each way. 

PenFed Platinum Rewards Visa

Earning rate on gas purchases: 5 points per
dollar

Annual fee: None

The PenFed Platinum Rewards Visa Signature Card is gaining a lot
of popularity thanks to generous category bonuses like 3 points per
dollar at grocery stores and 5 points per dollar on gas.

Each point you earn with the PenFed Platinum card is worth about
0.85 cents, so the 5x points earned on gas is equivalent to 4.25%
cash back. That’s about $87 worth of rewards on $2,055 of gas
spending.

The best card to use at gas stations

The best card for gas spending depends on a variety of factors,
including your travel goals and general spending patterns.

If you’re a Hilton loyalist who wants to earn free nights
faster, the
Hilton Honors Surpass Card
‘s 6x point bonus at US gas stations
is the way to go. The
American Express Business Gold Card
is a great option for those
who qualify for a small business card and want to earn flexible
rewards. The $150,000 annual limitation on the 4x spending
categories is beyond generous but also not something most people
will take advantage of. 

Finally, for those looking for straightforward rewards that you
don’t have to transfer to different travel partners, the 5 points
(or 4.25% cash back) from the Penfed Platinum Rewards Visa is the
best option for maximizing gas spending. The rewards earned at
4.25% are substantial, and the card has no annual fee.

Click
here to learn more about the Amex Business Gold Card from our
partner The Points Guy.

Click here to learn more about the Hilton Honors Surpass Card from
our partner The Points Guy.

SEE ALSO: A
year of using 4 Chase credit cards can earn you enough points for a
family trip to Italy, Dubai, or virtually anywhere
else


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Source: FS – All-Travel destinations-News
The average US household spends over ,000 on gas each year. Here's how many points that translates to with 3 popular credit cards