If you're a business owner, managing expenses is a critical aspect of running a successful operation. One such expense that can greatly impact your finances is gas expenditure, especially if you have a fleet of vehicles or are constantly on the road meeting clients. Fortunately, there are several gas credit cards for businesses that can help you save money and earn valuable rewards. In this guide, we'll dive into the best gas credit cards for businesses and discuss how they can benefit your bottom line.
Best Gas Credit Cards For Business Table of Contents
Why Consider a Gas Credit Card for Your Business?
Why Consider a Gas Credit Card for Your Business?
Gas credit cards offer various perks and incentives that cater specifically to businesses with transportation needs. These benefits may include:
- Cashback rewards on gas purchases
- Points or miles that can be redeemed for travel, merchandise, or other rewards
- Discounts on fuel at specific gas stations or networks
- Business management tools and expense tracking
- 0% APR offers or sign-up bonuses
Choosing the Right Gas Credit Card for Your Business
When selecting a gas credit card that best fits your business needs, consider the following factors:
- Preferred gas station network and availability
- Rewards structure and redemption options
- Annual fees
- Additional perks and benefits, such as travel insurance or roadside assistance
- Interest rates and introductory offers
Top Gas Credit Cards for Businesses
Based on the above factors, let's explore some of the best gas credit cards for businesses available in the market today:
1. Ink Business Cash Credit Card
With the Ink Business Cash Credit Card, you can:
- Earn 2% cash back on the first $25,000 spent annually at gas stations and restaurants
- No annual fee
- 0% introductory APR on purchases for 12 months
- Sign-up bonus of $750 after spending $7,500 in the first three months
- Purchase protection and extended warranty coverage
2. American Express Blue Business Cash Card
The American Express Blue Business Cash Card offers:
- 2% cash back on all eligible purchases, including gas, up to $50,000 per calendar year, then 1%
- No annual fee
- 0% introductory APR on purchases for 12 months
- Expanded buying power to spend above your credit limit
3. The Business Platinum Card from American Express
With the Business Platinum Card, you can enjoy:
- 5X points on prepaid hotels and flights, and 1.5X points on large purchases ($5,000 or more) – including gas purchases
- $200 annual statement credit for airline fees, including baggage and in-flight purchases
- Access to over 1,000 airport lounges worldwide
- Annual fee of $595
Best Gas Credit Cards For Business Example:
Let's imagine you run a small delivery company with a fleet of ten vehicles. Each vehicle drives an average of 6,000 miles per year, at an average fuel consumption of 18 miles per gallon. With gasoline prices averaging $3 per gallon, your annual total fuel expense would be around $10,000.
By using a gas credit card, such as the Ink Business Cash Credit Card, you would earn 2% cashback on the first $25,000 spent at gas stations, yielding a cashback return of $200 annually (excluding sign-up bonus). In addition, you'll benefit from purchase protection, extended warranty coverage, and no annual fee.
There you have it! The best gas credit cards for businesses can potentially save you hundreds, if not thousands, of dollars in fuel expenses while providing valuable rewards and benefits. Before committing to any specific credit card, make sure to thoroughly research and compare features to find the one that best suits your unique business needs.
Ready to discover more ways to optimize your business finances? Explore the other insightful guides and articles on Flik Eco! Liked this article? Share it with your fellow business owners, and help them find the perfect gas credit card to fuel their success.
