BP Launches New Credit Card Offering Fuel Savings and Cash Back

What Happened

BP has rolled out the BPme Rewards Signature Visa® Credit Card in partnership with First National Bank of Omaha (FNBO) and Visa, as announced in a recent press release. Consumers who opt for this new credit card can earn 15 cents off per gallon on fuel purchases at BP and Amoco stations. Additionally, those who sign up can enjoy a special introductory offer of 30 cents off per gallon on fuel purchases during the first 60 days.

The card also provides consumer benefits beyond just fuel savings. Cardholders receive 5% cash back on non-fuel purchases made at BP and Amoco stores, expanding the value of the card through everyday transactions. Grocery and dining purchases made anywhere earn 3% cash back, furthering the card’s appeal to a broader consumer base. Importantly, the card has no annual fee, a benefit for budget-conscious consumers.

Versatility in reward redemption is another attraction, with options including cash back, statement credits, gift cards, or travel experiences. These rewards are easily accessible at any of over 7,000 BP stations in the U.S., thanks to the collaborative credit program with Synchrony Financial.

What This Means for You

For regular patrons of BP and Amoco, the BPme Rewards Visa offers practical savings on fuel, a significant expense for many households. If you spend $100 on gas each month, using this card could save you an estimated $12 to $18 per month, considering the 15 cents off per gallon savings.

Furthermore, the additional cash-back opportunities on non-fuel purchases can supplement your savings. For instance, spending $500 monthly on groceries and dining using this card could yield $15 in cash back, potentially offsetting other living expenses. Such cumulative savings help lighten the financial load on everyday expenses, providing more economic flexibility.

Key Takeaways

• The BPme Rewards Visa offers 15 cents off per gallon at BP and Amoco, with a 30 cents introductory discount.
• Cardholders earn 5% cash back on non-fuel BP purchases, and 3% on groceries and dining.
• There is no annual fee, and rewards can be redeemed in various ways, adding to the card’s value.