Which Credit Card with Transferable Points Is Best for Gas?
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TPG reader Cindy tweeted me to ask:
@thepointsguy– “What is the best credit card to use for gas purchases that allows you to transfer points to airlines?”
Even though gas prices have been coming down, you should still be maximizing and earning on gas purchases. There are plenty of credit cards out there that will give you cash back or discounts on gas (see my post on Maximizing Credit Card Bonus Categories), but if you’re looking to earn points you can later transfer over to airlines, I think there are two cards that would work best.
My first recommendation would be the Ink Plus Business Card from Chase. It’s a small business credit card that offers two Ultimate Rewards points for every dollar spent on gas up to $50,000 annually. You can then transfer these points over to partners like British Airways, Southwest, Korean, United, Hyatt, Marriott, and even Amtrak. Chase has been offering a sign-up bonus of 60,000 points after you spend $5,000 in the first three months; however, that bonus is set to expire very soon, so if you’re interested, don’t wait.
My second recommendation would be the Amex Everyday Preferred card from American Express. You can earn two points for every dollar spent on gas, as well as a 50% bonus if you make at least 30 transactions in a month (so it’s really like earning three points per dollar spent if you can hit that threshold). The Amex Membership Rewards points you’ll earn can be transferred to partners like British Airways and Delta (over 17 different airlines in total). Amex also often runs transfer bonuses, helping you to get even more out of your points.
Using these two cards, you can’t go wrong, especially if you are looking for transferable, flexible points!
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