Gephardt Busts Inflation: Are branded gas station credit cards the best way to bring the price down?

Apr 15, 2022, 10:10 AM | Updated: Jun 19, 2022, 9:54 pm

One way to bring down the price of gas is with a gas station credit card. Most offer some sort of flat discount between $0.05 and $0.10 per gallon. But is that the best way to go? Ted Rossman of Creditcards.com does not think so.

“In my experience, gas station branded credit cards are not worth it,” he told the KSL Investigators.

Here’s why: A year ago, gas was averaging $2.42 per gallon. A $0.06 per gallon discount would knock the price down by 2.4%. But with prices today north of $4.50, that $0.06-per-gallon discount slashes the percentage you save to 1.3%.

“The more prices rise, the less meaningful that discount is,” Rossman said.

Rossman says to instead consider a credit card that pays you back a percentage on gas purchased.

“The cards that I do like are the ones that give 5% or so cashback,” Rossman said.

Cashback, and on fuel purchased at just about ANY gas station — not the one specifically tied to a branded gas station card.

If you have a shorter commute or a fuel-efficient car, you probably don’t spend that much on gas so Rossman would recommend a card that gives cashback on ALL purchases over a card designed to help with the price of gas.

No matter what card you use, the discounts are all undone if you don’t pay the card off every month. And Rossman says gas station cards are notoriously expensive.

“That’s really true of any the rewards credit card, but it’s especially true with the gas-branded cards. Their average interest rate is a whopping 26%.”

Another way to save on gas: sign up for the gas station’s app. A lot of these apps will give you $0.05 or $0.10 cents off per gallon. Scan the app, but pay with your credit card you’ve compounded your savings.

KSL 5 TV Live

KSL Investigates

FILE: Jay Schmidt shows the texts between himself and a scammer....

Matt Gephardt and Sloan Schrage

Fraudster impersonates Gov. Cox, asks for gift cards

A fraudster impersonated Gov. Cox, trying to swindle others into buying gift cards.

23 hours ago

Car mirror with credit score in it...

Matt Gephardt and Cindy St. Clair, KSL TV

Despite on-time payments, woman’s credit score drops due to company not reporting

A Box Elder County woman bought a car and made payments on time to boost her credit scores. It did the opposite. Matt Gephardt investigates what went wrong.

23 hours ago

Medical bill...

Matt Gephardt & Sloan Schrage

Lehi man says medical clinic refuses to work with his faith-based medical cost sharing plan

Miles is the newest member of the Littledike family. His father, Ryan, says Miles’ arrival in December went almost flawlessly.

3 days ago

Wendie Muhic is the frustrated owner of a 2007 Chevy Tahoe, that dies a lot....

Matt Gephardt & Sloan Schrage

West Jordan car owner says odometer fraud has left her stuck paying thousands on a lemon she can’t drive

Wendie Muhic is the frustrated owner of a 2007 Chevy Tahoe that dies a lot. Now she is left paying for it.

8 days ago

Woman texting...

Matt Gephardt

How crooks use texts to get your money, identity, or both.

If you used a mobile phone for any length of time, it’s likely you have gotten text messages that seem like an honest mistake that innocuous-looking text might have come from a scammer.

9 days ago


Daniella Rivera and Keira Fairmont

Treat and Release: How Utah weighs the risk of repeat sex offenders

The KSL Investigators examine Utah’s corrections system, responsible for treating and releasing people who commit sex crimes.

9 days ago

Sponsored Articles

Brunette guy in headphones playing games on his desktop computer...

PC Laptops

Looking For a New Computer? Use This Desktop Buying Guide

Choosing a new desktop computer can come with a lot of questions, so we created this desktop buying guide.

Portrait of happy boy playing and splashing water in the swimming pool...

Get Out Pass

Family Fun Activities in Utah You Have to Try This Summer

These family fun activities will entertain you all summer, so if you ever feel stuck in a rut wondering what to do, refer to this guide!

Woman IT specialist in elegant suit working on notebook computer in data center next to server rack...

Les Olson

Your Complete Guide to Outsourcing IT Services

This guide covers everything you need to know about the different benefits of outsourcing IT services to meet your small business needs.

diverse group of friends dance outside under string lights...

Lighting Design

5 Frequently Asked Questions About Outdoor Lighting

Read for the most frequently asked questions about outdoor lighting to help narrow the search for your home.

Stack of old laptops with dark background...

PC Laptops

Old Laptop Upgrades You Need to Try Before Throwing it Away

Get the most out of your investment. Try these old laptop upgrades before throwing it out to keep it running fast and efficient.

Happy diverse college or university students are having fun on their graduation day...

BYU MBA at the Marriott School of Business

How to Choose What MBA Program is Right for You: Take this Quiz Before You Apply!

Wondering what MBA program is right for you? Take this quiz before you apply to see if it will help you meet your goals.

Gephardt Busts Inflation: Are branded gas station credit cards the best way to bring the price down?