This Phillips 66 credit card review shows you why even though it looks great on the surface, this gas station credit card is a bad deal once you dig a little deeper...

filling up at gas station
This Phillips 66 credit card review shows you why even though it may look great on the surface, this gas station card isn't that great once you dig a little deeper...

Let’s face it… the days of cheap gas are long gone. That’s why we need to do everything we can to save at the pump. The idea of getting a gas credit card to save money makes sense, but here’s why the Phillips 66 MasterCard and Phillips 66 personal cards aren’t the best way to do that…

For starters, Phillips 66 actually offers 3 different consumer cards – 2 personal card and 1 MasterCard. Here’s a quick review of each.

Phillips 66 credit card (personal version)
  • Not a major credit card. Can only be used at Phillips 66 and their affiliated stations (Conoco, 76)
  • There is no annual fee
  • This card has a very high interest rate – 24.99% at the time of this credit card review
  • No rewards program offered
Verdict? With a high APR and no rewards, this card should definitely be avoided. Unless you have bad credit and can’t qualify for something better, what’s the point of getting it?

76 credit card (personal version)
  • Basically the same as the Phillips 66 credit card above, but it’s branded as a 76 card. It is not a major card and can only be used at 76/Conoco/Phillips 66 gas stations.
  • No annual fee
  • Same high APR of 24.99% at time of writing
  • No rewards on this one either
Verdict? Just like the Phillips 66 card above, this one is utterly worthless.

Phillips 66 MasterCard
  • Since this is a MasterCard it can be used anywhere MasterCard is accepted
  • No annual fee
  • There are two different APRs – 19.99% or 23.99% at the time of this review. The one you get is “based on your credit worthiness.”
  • This card does have a rewards program, see details below
How do the rewards work?
I actually had to turn to the fine print on the Phillips 66 credit card application to see how the rewards work. It has a tiered system which can be quite confusing…
  • “Qualifying purchases” at Phillips 66, Conoco, and 76 earn a rebate of 4%. It doesn’t say much about what’s “qualifying” but from what I can gather, the 4% rebate will be given at all affiliated stations except those which sell non-Phillips 66, Conoco, or 76 branded gasoline.
  • On all other purchases only a half-percent rebate is given for annual spending up to $5,000.00. Annual spending which exceeds this amount earns 1%. Please note that purchases made at Phillips 66 and their affiliate stations do not count towards these tiers.
  • Rebates are capped each billing cycle – a maximum of $50 can be earned
Verdict? The 4% rebate is fairly good, but it’s not the best (there are other cards that give 5% at every gas station, including Phillips 66). The tiered rewards structure on all other purchases is definitely a bad deal. Overall this Phillips 66 credit card is far from impressive.

A Better Alternative? (sponsored)
Why limit yourself to higher rebates at only Phillips 66 and their affiliated stations? Instead you can get a universal gas rebate card that gives up to 5% at all gas stations.