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Where can I get a fuel card when I have bad credit?

With today’s horrible economy and ever rising gas prices it is becoming more and more important to have a fuel card to help you save money when you purchase gasoline.  There are many different options you can choose from when it comes to selecting a fuel card.  But what options do you have if you also have bad credit?  Surprisingly the options are pretty much still the same just the way you go about getting the fuel cards might be a slightly different. 

You can apply for a fuel card from a number of different places.  The most common places to apply for a fuel card are gas stations themselves such as BP or Mobil as well as the larger credit card companies such as Discover, Chase and American Express.

If you have really bad credit applying for a fuel card from a gas station itself might not be the best option for you.  These gas companies will be less likely to offer you a line of credit since you are such a high risk of not paying back any debt you might incur.  You could always have someone cosign on your credit application which should make getting approved for the fuel card easier.  This cosigner will also be responsible for the amount charged to the credit card so the gas company will feel much more secure in being able to receive the money owed to them.

Another place that you can look to find a fuel card is the larger credit card companies.  Many of these companies will have a specific credit card that offers a certain percentage back of the gas purchases you make.  Typically this rebate percentage will be 2-3% but could be as high as 5% in some cases. 

If you have to drive a lot for your job or any other reasons having a fuel card could save you a lot of money.  Same as with applying for a fuel card from a gas company if you have bad credit you might want to look for a cosigner to help you receive the credit from the larger credit card companies. 

If you do not have someone to act as a cosigner you may have to look for less reputable credit card companies online that are willing to extend a line of credit with a gas purchase rebate to people with poor credit scores.

Two of the more popular places to find a fuel card when you have bad credit are with the gas companies themselves or the major credit card companies such as Discover, Chase and American Express.  If you are able to have someone cosign on your credit application that will certainly help your chances of receiving a fuel card when you have bad credit. 

If you are unable to find someone to cosign then you could always search on the internet for lesser known companies that are willing to work with people who have bad credit.  If this is a route you take be prepared to pay slightly higher interest rates though.

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About Moe Bedard

My name is Maurice Bedard, but most people call me Moe. I am the founder of America's #1 Mortgage Forum, LoanSafe.org, and also a website design firm called We Create Web Designs. My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications. I currently live in Carlsbad, California with my beautiful wife and children.

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