BP Credit Card is much basic of the two credit cards for Amoco and BP patriots looking for options to save at the pump. This is the one that you’d have a better chance of qualifying for if your credit is not that satisfying. While the APR is high, the discounts are competitive. Always remember, you can only use the card at participating Amoco and BP gas stations. For more related articles about BP and other credit cards, read more in My BP Credit Card.
BP Credit Card: Sign-Up Bonus
In the first 30-days, after you are qualified for the BP Credit Card, you’ll get a 25cents discount per gallon each time you use your card to pay for gas at any participating outlets.
Also, if you join the BPme rewards program, which is done through downloading the mobile app from their website, you’ll get another five cents discount per gallon for the month you register and also the following month. Therefore, if your car has a 20-gallon tank, a total of 30 cents discount, you will save $6 right at the pump station.
My BP Credit Card Points
A discount of 5cents per gallon of gas is equal to almost 2% off, expecting an average gallon of gas cost around $2.60 in the U.S. Not bad at all. Thinking what’s available on a general rewards cards for a similar credit profile. Still, with BP Credit Card, you’re tied to Amoco and BP stations. With a broader-use card, you’ll likely earn rewards on different purchases and have more redemption choices.
If you can avail to put a deposit, you may be better off with a rewards-earning secured card. This is also a beneficial credit-building tool. You won’t be tied to only one gas station, and you may be able to get one with 2% cashback on gas purchases and also other types of shopping.
My BP Credit Card Rewards
Another thing that you also need to know is that getting the additional five cents discount from the BPme rewards program won’t be accessible by just downloading the app. After the first two months of the program, there is a minimum spend to continue to qualify for the discount. You need to spend at least $100 on Amoco and BP fuel during the previous months to get that additional five cents discount in the current month.
When contrasting rewards rates, you must not factor in the five cents you can earn from the BPme rewards program. You can also use Paypal or any credit card and get the other five cents discount as a BPme rewards member.
Likewise, you can use your BP Credit Card for non-fuel purchases at Amoco and BP stations, and for those, you’ll earn 1% cashback redeemable as a credit on your card statement. This is a very standard rewards rate to consider, as you can find 10% back on non-fuel purchases on a competing gas card. There are lots of rewards cards, even for the people with imperfect credit, which pay at least this basic rate on each purchase.
How to redeem rewards?
The discounts per gallon are implemented right when you fuel up, so there’s virtually no process for the redemption. This can be an attractive feature to those who want to maintain things easy and straightforward. The 1% cashback rewards earned for the non-fuel purchases at Amoco or BP stations are applied as a credit on your statement before two billing periods.
Get the Most Out of This Card
BP Credit Card is restrictive since you can only utilize it for gas and other purchases at Amoco and BP stations. The maximum rewards can be made by reassuring that you register the card on the BPMN app and then purchase at least $100 at their participating gas stations each month.
If you want to explore this card, this would mean that you’re also working on upgrading your credit. The best way to do that is to ensure that you pay your total balance each month. This will avoid paying interest from the high APR. You must also avoid exceeding the limit of your credit card. And instead, keeping it well below your ceiling is the best decision. The credit scoring algorithms keep tabs on your usage.
Private label gas cards work only if you get the majority of your gas at the same outlets. The savings probably won’t be worth the inconvenience if Amoco and BP stations are not on your driving routes. What’s more, they must be a participating outlet. You can use the online station finder to check locations near you.
BP Credit Card’s Fees
The fees are typical for a gas-station-branded card. This includes a steep APR. There is no annual payment that is also not unusual for the category, though still worth noting if you have not that much competitive credit. General rewards cards for an average credit profile may bring an annual fee or may require a security deposit.
Always remember, you can only use the card at participating Amoco and BP gas stations.
There is no indicated detail when you can get your BP credit card. But you can check your application status by calling their customer service department at 866-419-4096.
The best way to do that is to ensure that you pay your total balance each month. This will avoid paying interest from the high APR. You must also avoid exceeding the limit of your credit card.