| Initial Bonus |
Base Earn |
Max Earn |
Earn / Redeem Limit |
- Earn a $0.25/gal. rebate, applicable to a maximum of 20 gallons on a single fill up at a BP station, for every $100 you spend during the first 60 days
- Earn a $0.15/gal. rebate, applicable to a maximum of 20 gallons on a single fill up at a BP station, for every $100 you spend at BP thereafter
- Earn a $0.05/gal. rebate, applicable to a maximum of 20 gallons on a single fill up at a BP station, for every $100 you spend nearly everywhere else
- Right at the Pump – swipe your card at participating BP stations and redeem instantly. Rebates are good for a one-time fill on up to 20 gallons of fuel.
| Intro Rate |
Intro Period |
Regular Rate |
| Intro RateNot Offered | Intro PeriodN/A | Regular Rate19.24% | Balance Transfer Fee |
| Cash Advance Rate |
Cash Advance Fee |
- The rewards you earn in this program are called cents per gallon Rebates (“Rebates”). Purchases made at non-BP gas stations do not earn Rebates in this Program.
- Max Late Fee:
$35 - Max Overlimit Fee:
$35 - Max Penalty APR:
29.99%
- Grace Period:
21 days - Online Response:
No - Foreign Transaction Fee:
3%
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The card information shown on this page was last updated: May 14th, 2012 at 7:49 EDT
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As of Mar. 3, reward program very confusing. I can't tell if I got a discount until after I purchase my gas. Card was attractive at first. "Bait and switch".
BP and Chase are changing the terms of their credit card rewards program, effective March 3. These changes not only make the program considerably less rewarding, but they are also downright confusing. Instead of the simple and generous rewards structure that made the BP Credit Card so popular (i.e. 5% cash back on BP gas, 2% on travel and dining, and 1% on everything else), the New BP Credit Card with Pump Rewards only gives you a $0.15/gal. rebate for every $100 you spend at BP and a $0.05 per gallon rebate for every $100 you spend everywhere else (except non-BP gas stations). Since you can only use accumulated rebates once and they only apply to a maximum of 20 gallons, the most you can save is $3 for every $100 you spend on BP gas and $1 for every $100 you spend on everything else. Ultimately, this change will turn one of our favorite gas rewards cards into a below-average option that is easily bested by generic gas rewards cards like the Pentagon Federal Credit Union Platinum Cash Rewards Credit Card. What are your thoughts on the New BP Credit Card?
I HATE the changes BP made to its credit card. BP is one of the most convenient gas stations for me to visit, and I’d sure love to havr the ability to save 10% off on my gas until late summer and then 5% after that. I just can’t believe they would change the most appealing part of the whole BP Credit Card offer, and by that I mean its lucrative, straightforward rewards. Now I have to deal with trying to figure out how much a card offering a $0.15 per gallonrebate for every $100 you spend on BP gas is worth, or even what that means. Card Hub seems to have run the numbers and the best you can do with the BP Credit Card is save $3 for every $100 you spend. Will that help me make ends meet? No. It’ll be enough for me to grad a free cup of coffee at a BP station periodically, that’s it. So, yeah I agree with Card Hub that this card isn’t worth too much now. What should replace the BP Credit Card? Id say the PenFed Platinum Rewards. I don’t know if Ive ever seen a gas rewards card that allows you to earn rewards on gas purchased at any station that beats out all of the ones that make you limit where you fill up. The PenFed Platinim does just, with the 5 points per dollar spent on gas it offers (equal to 5% cash back). So at the end of the day Im takin the PenFed Platinum Card over the BP Card’s current form any day of the week.
Philnis right. BP's new reward structure is really complex so the average user can't tell how much the reward is being reduced, but their customer service folks admit that they are being cut about in half. I calculated the new rates... It's 2.2 percent on BP gas, 1.5 percent on travel/dinging and a mere 0.75 percent on all other. I've been a BP card holder for 10 years and I'm canceling my card due to the changes. There are better cards out there. Also, my father just applied for a card and they didn't tell him that they will be reducing the rate (but they to,d me it is coming). BP still advertises 5 percent on BP gas for new card members, but customer service told me this is going to change/be reduced soon. They also did not give my father the double reward the first 60 days as advertised. Yes, smoke and mirrors!!!
BP is changing there rewards program. They are using the old smoke and mirrors trick to make you think you are getting a better deal. In reality instead of getting 5% rebate on gas you will now be earning about 2.25% in rebates. Are BPs profits shrinking? Did you see what they made last quarter? Really BP how stupid do you think we are. I think we should all boycott BP and buy our gas elsewhere. After all they did to screw up the gulf, now they need to screw us.
Thanks bp
The fact that the news about BP beginning to drill again in the Gulf of Mexico made me wonder what the BP Credit Card has to offer is maybe a sign that I’m a little too interested in credit cards, but oh well, it’s a hobby. Like a lot of credit cards these days are giving low interest introductory rates, the BP credit card is doing a similar thing with its rewards. For the first 60 days, you get 10% rebates on BP purchases, 4% on travel and dining and 2% on the rest. These rebate rates get cut in half after 60 day mark, making the BP credit card pretty much par for the course with other gas credit cards that are tied to specific companies. They usually have slightly better rewards than gas cards that allow you to get the highest advertised rebate rate at any station. One rather interesting thing about this card is the options you have in terms of redeeming your rebates. Every 25 bucks in rebates you earn, you can choose a $25 BP gift card, a check, or a donation to The Conservation Fund. A lot of rewards credit cards give you the option of donating your rewards, but few draw much attention to this fact. It’s nice to see BP using their credit card to help fix its big mistake. You’re still only going to want to get the BP credit card if you only get gas at BP because otherwise you’d get more value from a generic gas credit card.