BP Launches New Credit Card Offering Major Fuel Savings and Cash Back

What Happened

BP, in collaboration with the First National Bank of Omaha (FNBO), has introduced the BPme Rewards Visa®, a new credit card designed to deliver considerable savings on fuel purchases. According to a press release by BP and FNBO, the card provides a 15-cent discount per gallon at BP and Amoco stations, alongside 5% cash back on non-fuel purchases at these locations. New cardholders can enjoy elevated initial benefits, including an additional discount of 30 cents per gallon for the first 60 days. This card also offers 3% cash back on groceries and dining, appealing to consumers who seek savings on everyday expenses.

The BPme Rewards Visa has zero annual fees and provides unlimited reward potential, enhancing its attractiveness as a cost-effective option for consumers. Rewards can be redeemed in various forms—cash back, account credits, gift cards, or travel experiences—adding to the card’s flexibility. BP’s objective is to prioritize customer loyalty by offering the best rewards to their frequent patrons, as articulated by their Vice President of Marketing, Lisa Blalock.

What This Means for You

For consumers who frequently purchase gas from BP or Amoco, this new credit card offers a direct way to reduce fuel expenses, especially for those driving longer distances or regularly filling up. The initial 30-cent per gallon savings means that, if you purchase 50 gallons in the first 60 days, you would save an additional $15 on fuel alone. Additionally, the 3% cash back on groceries and dining can significantly cut costs in other areas of household expenditures, making this card a versatile tool for managing day-to-day expenses.

Moreover, since the card charges no annual fee, it could serve as a supplementary card without any ongoing cost concerns or deterrents. The option to redeem rewards in various formats also means tailored benefits, whether you prefer account credits for statement relief, gift cards, or enriching travel experiences. It’s important for consumers to assess their spending habits to ensure they maximize the benefits this card offers.

Key Takeaways

• The BPme Rewards Visa® offers significant savings with 15 cents off per gallon at BP/Amoco stations, and even more in the first two months.
• Cardholders gain additional value from 5% cash back on BP/Amoco non-fuel purchases and 3% on groceries/dining.
• The card has no annual fee, offering cost-effective rewards ideal for managing everyday expenses.