Are Fuel Cards Worth It?

Information verified correct on October 27th, 2016

Fuel credit cards are advertised everywhere these days.

Like most things, fuel credit cards probably can be a great idea and an excellent way to save some money. The one thing that nearly everyone uses is petrol, so getting some money off on those frequent and costly purchases cannot be bad. However, before you jump at the chance to get one of these cards, you should consider whether or not they are right for you. Indeed, there is potential that another card might be better suited to your unique spending habits.

Compare Fuel Credit Cards

Rates last updated October 27th, 2016.

American Express Platinum Edge Credit Card

Standard 10,000 bonus points offer has replaced the 30,000 bonus points exclusive offer.

September 1st, 2016

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Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy 0% p.a. for 12 months on balance transfers and receive a complimentary Virgin Australia domestic economy return flight every year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
David Jones American Express
The AMEX David Jones Credit Card gives you 3 points per dollar spent with fuel purchases at major petrol stations such as BP, Shell, Caltex and Mobil. Earn 1.000 Points per $1 spent.
20.74% p.a. $99 p.a. Go to site More info

Pros And Cons Of A Fuel Credit Card


This type of credit card is typically associated for a specific brand of petrol. Citibank offers what is called the Citibank BP card that offers consumers 5% off fuel purchases that are made at any BP station and another 5% back on all other purchases. In this way, it works like rewards plastic giving you something back for all of your purchases. If you drive a lot and therefore spend a lot on petrol then you stand to save quite a bit of money. Just make sure that the places you drive have BP stations that are convenient for you to use in order to maximise your savings.
About Citibank BP credit card here


Probably the biggest drawback is how this plastic stacks up against other rewards offers. Even though you might be able to get a significant chunk of change back on petrol purchases, you could profit more if you had a card that gave you cash back at a solid rate on all your purchases. Using that Citibank BP example, consider that if you spend $1000 per month on your card and $100 of that was for petrol, you would get $9.50 back. However, if you used a rewards program that offered just 1% back on all your purchases, you would get $10 in cash back. Of course, the figures will have to be adjusted for your spending, so do the math and compare your actual costs to see which one would better suit you.

Another thing to look out for are the use restrictions on fuel cards. Some issuers might restrict the amount on which you can collect the discount each month. Usually this spending ceiling is quite high so the average cardholder will not have to worry about it. However, if you travel a great deal and therefore spend a lot of money on petrol then you must look for one which has no limits or possibly opt for a straight up rewards card instead.

Overall petrol credit cards are a good idea. This is especially true if your monthly budget includes a large sum for petrol purchases. By choosing the right plastic, you can cut back on those costs so that you have more money left in your wallet after you fill up the tank. Just be sure to choose wisely as not all of these cards are the same and no card is perfect for every consumer.
About Rewards Program credit cards here

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4 Responses to Are Fuel Cards Worth It?

  1. Default Gravatar
    Terry | August 3, 2016

    I am looking for a fuel card that I can top up as required. Not a credit card with a limit. More like a Go Via card.



    • Staff
      May | August 3, 2016

      Hi Terry,

      Thanks for your inquiry. You’ve come through to we are an Australian financial comparison website and general information service.

      Currently, we do not have a list of fuel cards that you can compare. Usually, you can purchase a fuel card at many major stations.


  2. Default Gravatar
    Robert | March 3, 2015

    What is the best fuel card for an individual?

    • Staff
      Jonathan | March 3, 2015

      Hi Robert, thanks for your inquiry!

      For a list of fuel credit cards and reviews please see this page.



Credit Cards Comparison

Rates last updated October 27th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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