Does bad credit have you feeling like you're stuck with high gas prices? Fear not, as we've got the solution for you. In this Flik Eco article, we will explore the best gas cards available for those with less-than-perfect credit. Say goodbye to your worries over fuel expenses and hello to savings and convenience! Keep reading to find the best gas card options so you can start fueling smarter and improve your financial situation at the same time.
Why Use Gas Cards
Gas cards can be an excellent tool to manage your fuel spending, especially with rising gas prices. They offer various advantages such as:
- Convenience when making purchases at the pump or in-store
- Potential savings through discounts, rebates, or rewards programs
- Opportunities to build or rebuild credit, as some cards report to the credit bureaus
The Top Gas Cards for Bad Credit
Now, let's dive into the best gas cards for people with bad credit. These options offer the benefits mentioned above and cater to different needs and preferences.
1. Credit One Bank Platinum Visa
This card offers a competitive cashback program for gas purchases. Features of the Credit One Bank Platinum Visa include:
- 1% cashback on eligible gas, grocery, and mobile phone service purchases
- Automatic credit line increase opportunities
- Reports to major credit bureaus, helping to build credit
- Annual fee varies from $0 to $99
- Accepted at gas stations nationwide
2. Indigo Platinum Mastercard
The Indigo Platinum Mastercard is an excellent option for those looking to rebuild their credit. Its benefits are:
- An accessible card for people with previous bankruptcies or low credit scores
- Reports monthly to all three major credit bureaus
- Has an annual fee between $0 and $99 depending on your creditworthiness
- Fraud protection features to keep your purchases safe
- A mobile app for account management
3. Discover it Secured Card
As a secured card, the Discover it Secured Card requires a deposit which will be used as collateral. Some of its key features include:
- 2% cashback at gas stations (on up to $1,000 in combined purchases each quarter)
- Unlimited 1% cashback on all other purchases
- A refundable security deposit equals your credit line
- No annual fee
- Monthly reporting to the three major credit bureaus to build credit
- A deposit (as low as $200) is required
Best Gas Cards For Bad Credit Example:
Meet John. He has a low credit score, and he drives a lot for his job. He wants to save money on gas and improve his credit. After reviewing his options, John decides to apply for the Credit One Bank Platinum Visa.
Over the next year, John uses the card for all of his gas purchases and pays his balance in full every month. By doing this, he earns 1% cashback on his gas purchases and experiences an increase in his credit score, as the card activity is reported to the major credit bureaus. Even better, he gets an automatic credit line increase, giving him more financial flexibility.
Now that we've uncovered the best gas cards for bad credit, it's time to fuel smarter and take control of your finances. Apply for a gas card that fits your needs and watch your gas expenses –and credit score– improve. Don't forget to share this article with friends and family who can also benefit from these cards. Explore other guides on Flik Eco to keep leveling up your personal finance game. Drive through the road of financial success with Flik Eco by your side!
