Maximizing EV Charging Rewards with the Right Credit Card

Electric vehicle owners can earn significant rewards on their EV charging expenses with the right credit card. We've compiled a list of the best cards for EV charging, including their welcome offers, annual fees, and rewards structures.

Electric vehicles have become increasingly popular in recent years, and with them, the need for public EV charging stations. While EV owners save hundreds on fuel costs, they still need to stop at charging stations to keep their cars powered. Adding a credit card that earns bonus rewards for EV charging can help maximize these expenses. ## Choosing the Right Card for EV Charging Several credit cards offer rewards for EV charging, but not all are created equal. The best cards for EV charging offer a combination of high rewards rates, low annual fees, and flexible redemption options. ### Bank of America Customized Cash Rewards The Bank of America Customized Cash Rewards card offers a $200 online cash rewards bonus after spending $1,000 on purchases within the first 90 days of account opening. With an annual fee of $0, this card is an attractive option for EV owners. During the first year, you could earn 6% cash back on EV charging (on up to $2,500 spent each quarter). ### Chase Freedom Flex The Chase Freedom Flex card offers a $200 cash back after spending $500 on purchases in the first three months from account opening. With an annual fee of $0, this card is a reliable choice for summer road trips, as EV charging has been a Chase Freedom 5% bonus category every Q3 since 2023 (activation required). ### Chase Sapphire Preferred The Chase Sapphire Preferred card offers a 75,000 bonus points after spending $5,000 on purchases in the first three months from account opening. With an annual fee of $95, this card is an excellent option for EV owners, as it earns 3 points per dollar spent on EV charging year-round. You can also transfer your Ultimate Rewards points to Chase's impressive roster of travel partners for high value. ### Citi Strata Premier The Citi Strata Premier card offers a 60,000 bonus points after spending $4,000 on purchases in the first three months of account opening. With an annual fee of $95, this card offers an unlimited 3 points per dollar spent on EV charging, as well as 3 points per dollar spent at supermarkets and restaurants (among other popular spending categories). ### Wells Fargo Autograph The Wells Fargo Autograph card offers a 20,000 bonus points after spending $1,000 on purchases in the first three months of account opening. With an annual fee of $0, this card is an attractive option for EV owners, as it earns unlimited 3 points per dollar spent on EV charging with no annual fee. ## Flat-Rate Rewards Cards If none of the options above appeal to you, consider a flat-rate cash-back card. These cards typically earn the same rate on all purchases, including EV charging. Some top picks include the Apple Card, Capital One Venture Rewards Credit Card, Capital One Quicksilver Cash Rewards Credit Card, Chase Freedom Unlimited, Citi Double Cash Card, and Wells Fargo Active Cash Card. ## Charging at Home For EV owners who charge at home, many of the options listed above would likely earn only 1% in rewards. In this case, the Venmo Credit Card is a good option, as it earns 3% cash back in the category you spend the most in, including utilities. ## Bottom Line Adding a credit card that earns bonus rewards for EV charging can help maximize these expenses. By choosing the right card for your needs, you can earn significant rewards on your EV charging expenses and save money on your fuel costs.

Source: The Points Guy