Speedy Rewards® Mastercard®

Our review of the Speedy Rewards® Mastercard®

If you’re in the market for a gas station credit card, the Speedy Rewards® Mastercard® from First Bankcard might be worth considering. While the individual point valuations are low, the card makes up for it with generous category bonuses on gas and non-gas purchases, a solid signup bonus, and no annual fee.

Earning Points with the Speedy Rewards Mastercard

New cardholders can earn a substantial 25,000 bonus points after spending $500 in the first 3 months of account opening. This bonus alone is almost enough for a $25 gift card, making it a lucrative offer. When it comes to bonus categories, the Speedy card keeps it simple:

• 50 points per $1 spent at Speedway stations (including gas and in-store purchases)
• 10 points per $1 spent everywhere else

While the point values may seem small, the rewards add up quickly, especially for frequent Speedway customers

Redeeming Speedy Rewards Points & Point Values

Due to the low point valuations, it’s best to redeem Speedy points towards Speedway-related purchases for slightly better value. Accumulating a larger number of points (at least 4,000 or more) yields better redemption values, especially for Speedway food-related gift cards.

For a more versatile rewards card, consider the Citi Rewards+® Card, which offers rewards on groceries and gas, as well as other purchases.

Retailer Gift Cards

Speedway offers a variety of gift cards from popular retailers like Amazon and Home Depot. However, the redemption rates for these gift cards are not favorable compared to other redemption options. It may be more beneficial to use a flat-rate cash back rewards card for better returns.

Speedway Fuel Discounts

Speedway provides three tiers of per-gallon savings at the pump: 10¢, 25¢, and 50¢. The point costs for these discounts vary, but regardless of the tier, the savings can add up on your next fill-up. However, it’s important to note that fuel saver discounts may not be available in certain states.

Should You Apply for the Speedy Rewards® Mastercard®?

While the Speedy Rewards® Mastercard® may not be the best option for everyday spending due to low point values, it can be beneficial for frequent drivers or travelers who frequent Speedway locations. If you live in a state where fuel discounts are not available, this card may not be as advantageous. Overall, a generic cash back credit card may provide better value and flexibility for most consumers.