Best credit cards to buy petrol with
No matter whether you use your car for long-distance commuting purposes or just the school run, the cost of petrol can quickly add up.
But use a credit card next time you fill up and you could be richly rewarded.
That’s because a number of credit cards offer incentives for using your plastic to pay for petrol.
Santander 123 credit card
The Santander 123 credit card offers monthly cashback on your everyday spending, with the highest amount of cashback being earned on petrol. However, the card is no longer as generous as it used to be.
-3% cashback at all major petrol stations and on National Rail and Transport for London travel (on a combined spend of up to £100 a month)
-2% cashback at all major department stores (on a spend of up to £150 per month)
-1% cashback at all major supermarkets (on a spend of up to £300 per month).
If you were to use your card solely for petrol costs, you’d earn a maximum of £3 cashback a month, or £36 a year.
However, unless you’re a Santander 123 current account holder, you’ll have to pay a £3 monthly fee, which effectively cancels out your cashback.
So if you're going to use this card, you'll need to build up cashback at department stores and supermarkets to make it worthwhile.
(Within the first year of opening the 123 credit card, if you open or already have a 123 current account, the fee is refunded for the first six months.)
On the plus side, the card also offers 0% on purchases for 23 months – just be sure to clear your balance before the interest-free term ends, otherwise you'll pay 12.7% pa (variable). It has a representative rate of 18.4% APR (variable)*. T&Cs apply.
"use a credit card next time you fill up and you could be richly rewarded"
American Express Platinum Everyday credit card
If you’re planning to do a lot of driving over the next few months, take a look at the American Express Platinum Cashback Everyday credit card.
Although it doesn’t pay cashback specifically on spending at the pump, the card pays 5% cashback on all spending up to £2,000 for the first three months. So you could earn as much as £100.
After the three months are up, you’ll still get cashback but at a lower rate. How much you receive will depend on how much you spend each year. You’ll earn:
-0.5% cashback for spending of up to £3,500
-1% cashback for spending of between £3,501 and £7,500
-1.25% cashback for spending over £7,501.
To qualify for cashback, you must spend at least £3,000 in a year.
The card has a representative rate of 22.9% APR (variable)**. T&Cs apply.
Tesco Clubcard credit card
Are you a regular Tesco shopper and an avid user of Clubcard points?
If so, the Tesco Clubcard credit card for purchases could be right up your street as it allows you to earn Clubcard points every time you fill up at Tesco.
Because your card doubles as your Clubcard, you’ll earn five Clubcard points for every £4 you spend on Tesco fuel, as well as in Tesco stores. You’ll also earn one Clubcard point for every £8 you spend elsewhere.
You can then use your Clubcard points to reduce the size of your Tesco fuel or grocery bill. Or you can use them to save money on meals out, days out or holidays.
Watch out for Clubcard Boost too which gives you up to four times the value of your vouchers. You can then spend these vouchers at selected partners or use them on selected products at Tesco – this could be anything from a new pushchair to a new mobile phone.
The card also offers 0% on purchases for 21 months and after that you'll pay 18.941% pa (variable). The card has a representative rate of 18.9% APR (variable)***. T&Cs apply.
Asda Money credit card
If Asda is your preferred supermarket, the Asda Money credit card offers 1% cashback on Asda fuel and in Asda stores. You’ll also get 0.5% cashback everywhere else.
The card has a representative rate of 18.9% APR (variable)***. T&Cs apply.
Because fuel costs vary from forecourt to forecourt, it makes sense to shop around for your petrol. But driving out of your way to fill up means you could actually spend more money getting there than you save at the pump.
Take a look at our fuel cost cutting guide for more ways to save.
Credit limits and interest rates will vary based on your individual circumstances.
*Representative Example: If you spend £1,200 at a purchase interest rate of 12.7% p.a. (variable) with a £3 monthly fee your representative rate will be 18.4% APR (variable).
**Representative Example: If you spend £1,200 at a purchase interest rate of 22.9% p.a. (variable) your representative rate will be 22.9% APR (variable).
***Representative Example: If you spend £1,200 at a purchase interest rate of 18.9% p.a. (variable) your representative rate will be 18.9% APR (variable).
Please note: any rates or deals mentioned in this article were available at the time of writing. Click on a highlighted product and apply direct.