BP Launches BPme Rewards Visa: Fuel Discounts and Cash Back Benefits

What Happened

BP has rolled out the BPme Rewards Visa Credit Card, a new offering that gives customers substantial savings on fuel and cash back on various purchases. According to the BP Press Release, cardholders can enjoy a discount of 50 cents per gallon on fuel purchases at BP and Amoco stations during the first 60 days. Following the introductory period, the card provides a continuous 15-cent discount per gallon on fuel purchases.

Beyond fuel savings, the card offers additional rewards on various spending categories. Cardholders receive 5% cash back on non-fuel purchases at BP and Amoco stations, 3% cash back on groceries and dining expenditures, and 1% cash back on other purchases, as noted by NACS. Importantly, this card carries no annual fee, enhancing its appeal for consumers looking to maximize savings without extra costs.

This card, issued by First National Bank of Omaha (FNBO), can be used anywhere Visa is accepted, expanding its utility beyond BP and Amoco locations. The rewards program also allows for flexible redemption options, including cash back, statement credits, and gift cards.

What This Means for You

For consumers, this new card can translate to notable savings, especially for those who regularly purchase fuel at BP or Amoco stations. For example, if you typically fill up your 15-gallon tank weekly, the introductory 50-cent discount could save you about $7.50 per fill-up, totaling $60 in savings during the first two months. Following the initial period, you’d still save $2.25 per tank with the ongoing 15-cent discount.

The BPme Rewards Visa is also an attractive option for everyday spending. By offering 5% cash back on non-fuel purchases at BP locations, 3% on groceries and dining, and 1% on all other purchases, cardholders can earn significant cash back, especially in categories like groceries, which constitute a substantial portion of monthly expenses for most households.

Key Takeaways

• The BPme Rewards Visa offers significant fuel savings: 50 cents off per gallon in the first 60 days and 15 cents thereafter.
• Cardholders can earn up to 5% cash back on non-fuel purchases at BP and Amoco, and 3% on groceries and dining.
• The card has no annual fee, making it cost-effective for maximizing fuel and everyday rebates.