BP Credit Card Offers Fuel Discounts and Cash Back Rewards

What Happened

BP has introduced the BPme Rewards Visa card that offers substantial savings for cardholders, particularly those who frequently purchase fuel. According to a BP Press Release, from May 3 to August 1, 2023, new cardholders are eligible to receive a discount of 50 cents per gallon at BP and Amoco stations for the initial 60 days.

In addition, the card has no annual fee and provides unlimited rewards without category spending caps. Cardholders can earn 5% cash back on non-fuel purchases at BP and Amoco, 3% on groceries and dining, and 1% on all other purchases, as detailed by Yahoo Finance. After the introductory offer, the card offers a continuing discount of 15 cents per gallon.

The card is versatile, allowing use anywhere Visa is accepted, and rewards can be redeemed as cash back, statement credit, or gift cards.

What This Means for You

For consumers who frequently drive or purchase goods at BP and Amoco stations, the BPme Rewards Visa card could lead to significant savings. During the introductory period, you could save approximately $10 per 20-gallon fill-up, which could amount to around $60 in savings if you fill up once a week for the first two months.

Beyond fuel discounts, the generous cash back rates on everyday spending categories like groceries and dining can also help reduce monthly expenses. If you spend $500 on groceries and dining monthly, for instance, the 3% cash back could equate to a $15 savings each month. The ongoing fuel discount and cash back benefits make this card particularly appealing for those looking to manage or lower their routine expenses.

Key Takeaways

• The BPme Rewards Visa card provides a 50-cent per gallon discount for the first 60 days, offering significant fuel savings.
• Unlimited cash back rewards are offered, including 5% on non-fuel purchases at BP and Amoco.
• No annual fee and versatile redemption options make it broadly appealing to consumers.