Are you struggling with bad credit? Don't worry, you're not alone. Millions of people face credit challenges, but that shouldn't stop you from getting the essentials you need in life, like gas for your car. In this article, we'll show you some options for easy gas cards for bad credit, so you don't have to worry about being stranded or overpaying at the pump. Let's jump in and fuel up your financial knowledge!
Easy Gas Cards For Bad Credit Table of Contents
Why should you consider gas cards?
Gas cards are a type of credit card specifically designed for purchasing gas, and they can come with a variety of benefits like cashback, points, or discounts at the pump. Here's why you should consider a gas card, especially if you have bad credit:
- Build your credit: Gas cards can help you rebuild your credit score by providing a small-dollar line of credit and reporting your payments to the major credit bureaus.
- Save money at the pump: Many gas cards offer discounts per gallon, allowing you to save money on fuel costs.
- Earn rewards: Some gas cards offer rewards like cashback or points, which can be redeemed for other purchases or statement credits.
Types of gas cards to consider for bad credit
There are two main types of gas cards: branded and general gas cards. We'll explain the differences and provide some options for those with bad credit.
Branded Gas Cards
Branded gas cards are issued by a specific gas station or gas brand. These cards tend to be easier to qualify for with bad credit and offer discounts or rewards for purchases made at their locations. Here are some examples:
- Shell Fuel Rewards Card: This card offers a 5 cent per gallon savings when using the card at Shell gas stations, making it an easy way to save on fuel costs.
- ExxonMobil Smart Card: With this card, you can save 6 cents per gallon on fuel purchases at Exxon or Mobil stations. Plus, it offers monthly fuel cost itemization and flexible payment terms.
- Chevron and Texaco Techron Advantage Card: Get 3 cents off per gallon at Chevron and Texaco stations, with no annual fee and the ability to pay your balance over time.
General Gas Cards
General gas cards are not tied to a specific brand and can be used at any gas station. These cards often have rewards programs and some are more accessible for people with bad credit:
- Discover it Secured Card: This secured credit card requires a security deposit, but earns 2% cashback at gas stations and restaurants, up to a quarterly maximum, and 1% cashback on all other purchases. Plus, Discover will match all cashback earned at the end of the first year.
- Capital One QuicksilverOne Card: Although this card has a $39 annual fee, it offers 1.5% cashback on all purchases, including gas. This card is designed for those with average credit and can help you rebuild your credit score.
- Credit One Bank Platinum Rewards Visa: This card is designed for those with poor to fair credit and offers 5% cashback on the first $5,000 in gas, grocery store, and internet, cable, satellite TV, and mobile phone service purchases per year, as well as 1% cashback on all other purchases.
Easy Gas Cards For Bad Credit Example:
Imagine you're a young professional with a less-than-stellar credit score due to past issues with debt. You commute to work every day, so fuel costs are a significant part of your budget. You decide to apply for the Shell Fuel Rewards Card, which you can use exclusively at Shell stations. Each time you fill up, you save 5 cents per gallon, which can add up quickly over time, allowing you to save on your monthly expenses.
At the same time, the Shell Fuel Rewards Card reports your payments to the credit bureaus, which can help you build your credit score as long as you're consistent with your payments. Over time, your improved credit score may lead to better credit card offers and lower interest rates on other loans and mortgages.
So, there you have it - easy gas cards for bad credit are out there to help you save money and rebuild your credit score. Take advantage of these opportunities to pump up your finances and get back on the road to financial success! If you found this article helpful, be sure to share it with your friends and explore more guides on Flik Eco for more personal finance tips and insights.
