Best Credit Cards for EV Charging in 2023

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Team Clark spent hours reviewing the market for credit cards that reward EV charging and evaluated them according to the guidelines for usage set by money expert Clark Howard.

In addition to EV charging rewards, when assembling this list, we considered factors like annual fees, welcome offers, introductory annual percentage rates (APRs) and bonus categories.

This article was written in September 2023. Detailed notes on all updates will be provided.

Best Credit Cards for EV Charging Right Now

Are you looking to get the best credit card rewards possible for your electric vehicle charging?

The options are better now than ever before thanks to an increase in electric vehicle usage in the United States.

Clark, who is an electric vehicle driver himself, says that economists recognize the sale of electric vehicles has reached a point where this type of perk will become more popular as businesses try to reach a growing market segment.

“We’ve reached the tipping point with electric vehicles in the United States,” Clark says. “So you’re going to see more and more benefits available to electric vehicle owners that were historically just for gas engine owners, and this is just another example.”

Clark has the Sam’s Club® Mastercard® and Costco Anywhere Visa® Card by Citi in his wallet.

And though he has them for in-store use as an avid wholesale club shopper, both cards are on our list for EV charging rewards thanks to a generous cash back offering on that type of spending as well.

More on EV Charging Credit Card Rewards:

PenFed Platinum Rewards Visa Signature® Card

Why We Chose It

This card offers 5x points on EV charging with no annual fee and offers some additional rewards bonuses on popular spending categories. No wholesale club membership or specialized bank rewards program required.

PenFed is a credit union, so you’ll have to join first before you can apply for the credit card. And though PenFed has roots as a government employee credit union, it now says that most people can qualify for membership.


Bank of America® Customized Cash Rewards Credit Card

Why We Chose It

If you’re willing to make gas and EV charging stations your choice for the 3% cash back category on this card, you can set up a solid reward for both electric and gas-powered vehicles in your household.

And if you’re already a Bank of America customer, you may be able to earn up to 5.25% back on EV charging based on your Preferred Rewards membership tier.

Sam’s Club® Mastercard®

Why We Chose It

This card has long been known for its gas rewards benefits, and now it includes EV charging.

For regular Sam’s Club customers, 5% back in Sam’s Cash is likely just as effective as 5% cash back.

U.S. Bank Cash+® Visa Signature® Card

Why We Chose It

If you’re the type of person who primarily charges their electric vehicle at home, this could be the card for you.

It is one of the few credit cards that will allow utilities, including your electric bill, to earn rewards. If you set utilities as one of your 5% earning categories, you may be able to make the most out of your at-home charging.

Costco Anywhere Visa® Card by Citi

Why We Chose It

If you’re a frequent Costco shopper like Clark, this card may fit right into your wallet for multiple reasons.

Costco members can enjoy the 4% back on EV charging while also getting 3% back on travel and in restaurants, as well as 2% back on all other Costco purchases.

Wells Fargo AutographSM Card

Why We Chose It

This card doesn’t have the best rate of return on your EV charging purchases, but it does bring some other things to the table.

It offers 3x points on EV charging, as well as restaurants, travel, streaming services, cell phone service and more. It also has cell phone protection and auto rental waiver insurance.


A Warning Regarding EV Charging Credit Card Rewards

When deciding on a credit card that rewards your EV charging habits, make sure to take some time to read the fine print on the rewards program.

You may find that there are limitations to the charging locations that qualify for bonus rewards.

For example, the Sam’s Club® Mastercard® offers this definition for EV charging rewards:

“‘EV Charging Stations’ are generally merchants identified by their MCC as ‘Electric Vehicle Charging.’ EV Charging Stations do not include merchants of Parking Lots, Parking Meters and Parking Garages.”

One of the most common roadblocks to claiming these rewards is the Merchant Category Code (MCC) for the facility at which you make your EV charging purchase. These usually are set by the merchant and not the credit card issuer.

If the MCC of your charging station doesn’t align with the MCC the card issuer has designated for enhanced rewards, you may default to a lower tier of rewards for the purchase.

This is similar to the issues many consumers incur while trying to earn enhanced rewards on groceries.

And, like many other rewards credit cards that highlight specific areas of spending, you may find that there’s a limit to the rewards you can accrue on EV charging.

For example, the Costco Anywhere Visa® Card by Citi caps its gas and EV charging 4% back reward at the first $7,000 in spending each year. Once you’ve hit that limit, you’ll earn only 1% back on those purchases for the rest of the year.

Clark Howard’s General Strategy for Credit Cards

Clark believes it’s important to have a credit card to build and maintain a solid credit history. That’s to prepare you for big life events, like a home purchase or a job application, which can require credit checks.

He also believes that, before you start focusing on credit card rewards, you need to be paying off your balance each month.


If you carry a balance, Clark would point you to a credit card with the lowest possible fixed interest rate or advise you to avoid credit cards altogether.

Assuming you’re here because you’re looking to get the maximum benefits from your credit cards, Clark wants you to think about how you spend your money and how that might best be complemented by a card rewards program.

“Really think through your charge patterns and whether or not those rewards really give you a bang for your buck.”

Clark carries the Costco Anywhere Visa card in his wallet because he’s a frequent Costco shopper. He also likes the Citi Double Cash card because its unlimited 2% cash back program is so simple.

Methodology for EV Charging Credit Card Analysis

For the purposes of determining which EV charging rewards cards are “best,” we got input from Clark and sought to find cards that fit his credit card strategy best.

Clark believes credit cards with high annual fees are a bad idea for most consumers. So for the purposes of these rankings, we paid special attention to the annual fees.

Team Clark spent many hours reviewing the EV charging rewards credit cards on the market, assessing them for several factors including:

  • Annual fees (Clark generally recommends avoiding them)
  • EV charging rewards programs
  • Welcome offers
  • Length of introductory APR periods
  • Balance transfer introductory periods
  • Additional fees (transaction or otherwise)
  • Perks offered to cardholders

We did not factor in non-introductory APRs as a part of the evaluation, because interest rates will vary based on your financial circumstances. If you’re able to follow Clark’s advice to pay off your balance every month, the regular interest rate shouldn’t matter to you anyway.

We also did not include offerings from local or regional banks or credit unions because those cards aren’t available to everyone. Often, local institutions will have desirable cards, so we recommend that you compare your local bank or credit union’s travel rewards credit cards to the ones that have made this list.

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