Thrifty Thinking: Gas Credit Cards

 With gas prices on the rise, the personal-finance website WalletHub recently released its editors’ picks for 2022’s Best Gas Credit Cards to help drivers save money, along with a new survey to gauge consumer sentiment.

Please find key takeaways below, followed by commentary from WalletHub experts (audio and video files included).               

• Lower Gas Demand: 53% of Americans plan to buy less gas in 2022 compared to 2021.
   
• Planning Travel Around the Pump: 70% of people consider the price of gas when making travel plans.
   
• Most Wanted Reward: 72% of Americans want rewards on gas more than any other type of travel purchase.
   
• Mandatory Test to Get a Credit Card: 34% of Americans think each individual should have to take a test to get a credit card, just like a driver’s license.
   
• Monthly Savings to Justify a Gas Card: Almost 1 in 4 people would get a gas credit card if they could save at least $15 at the pump monthly.
   
• Price Dictates Gas-Station Selection: 55% of Americans choose where to get gas based on price.
   
• Gas Prices vs. Bad Traffic: 141 million people dislike high gas prices more than bad traffic.
   
• Best Gas Rewards Credit Card: The USAA® Cashback Rewards Plus American Express® Card is the best gas rewards credit card, offering 5% cash back on up to $3,000 spent per year on gas and an initial bonus of $200 after spending $1,000 in the first 90 days.
   
• Best Gas Station Credit Card: The Speedway Credit Card is the best gas station credit card, offering 50 points / $1 spent on both gas and in-store purchases made at Speedway, as well as an initial bonus of 25,000 points after spending $500 in the first 3 billing cycles.