BP Visa Credit Card Review

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The BP Visa Credit Card, aimed at BP and Amoco customers, is one of the better branded gas credit cards on the market. Not only does the per-gallon gas discount beat the competition, but the cash back you’ll get on groceries rivals some of the best general rewards cards.

BP Visa credit card

overall rating
3
BP Visa credit card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 29.99% fixed
Annual Fee $0
Rewards Earning Rate Get 10¢ off per gallon on fuel purchases at participating BP and Amoco stations, 3% cash back at grocery stores, and 1% cash back on all other purchases.
Ratings Breakdown
for Interest
1.9
for Fees
1.9
for Rewards
4.4
for Credit
2.2

Current Offer:

Get 25¢ off per gallon during your first 30 days as a cardholder.

Who Is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Family Shopper Persona
    Looks for good quality at a fair price while buying for the household See more cards
    Family Shopper
  • Avatar for Road Warrior Persona
    Hits the road often, whether for work or play See more cards
    Road Warrior
  • Avatar for Brand Loyalist Persona
    Frequently shops with a particular merchant and wants to be rewarded for their loyalty See more cards
    Brand Loyalist

If you have good credit and regularly use BP or Amoco gas stations (or can start to use them), this is a solid choice for saving at the pump. If you eat at home a lot, even better. 

To start, you’ll get a 10-cent discount on each gallon of gas pumped at participating stations—double what some other branded gas cards offer. And, unlike some competitors, there’s no gallon limit on these savings. (You’ll get another 5 cents off by being in the BPme rewards program and spending at least $100 per month on gas, but this is available without the credit card too.) 

Another major advantage is the 3% cash back on all grocery purchases, redeemable as a credit on your card statement. That’s a very good earnings rate, even among general cash-back cards.

If you have limited or not-so-hot credit, you may get offered the entry-level alternative to this card. The BP Credit Card is not a Visa, so you can only charge purchases at BP and Amoco stations, and you’ll get a smaller per-gallon discount on gas. On the plus side, it can help you build your credit profile while still saving a little at the pump.

Keep in mind that branded gas credit cards generally have very steep APRs, so they’re not a good choice if you carry a balance month to month.

Pros
  • Bigger per-gallon discount than other cards

  • Generous cash back on groceries

  • No gallon limit on discount

Cons
  • High interest rate

Pros Explained

  • Bigger per-gallon discount than other cards: This card’s 10-cent discount is better than the 5 cents offered by several competitors. And, unlike other types of rewards cards, you don’t have to wait for your rewards. The savings are instant, right at the pump. 
  • Generous cash back on groceries: It’s often hard to justify getting a branded gas card over a general cash-back card, but if your top spending categories are gas and groceries, the 3% cash back on groceries makes this card a winner, especially since there’s no cap on what you can earn.
  • No gallon limit on discount: While some competing gas cards limit their discounts to a certain number of gallons per visit or per billing cycle, the BP Visa Credit Card becomes all the more valuable if you’ve got a bigger tank to fill or spend a lot of time on the road.

Cons Explained

  • High interest rate: Branded gas cards usually have higher APRs than general rewards cards, so if you tend to carry a balance, a general rewards card with a gas focus is a better option. That said, finance charges can quickly offset your gas rewards on either type of card, so you’ll want to pay your balance in full if at all possible.   

Bonus for New Cardholders

For the first 30 days after you’re approved for the BP Visa Credit Card, you’ll get 25 cents off per gallon every time you use your card to pay for gas at participating locations. (And if you join the BPme rewards program—which must be done by downloading the mobile app—you’ll get another 5 cents off per gallon for the month you join and the following month.) For cars with a 20-gallon tank to fill, this equates to a very nice $6 off each visit. 

The 30-cent discount you’ll get for the first 30 days is as good or better than other branded gas cards, but it’s not much of a bonus compared to general rewards cards that offer cash back on gas and groceries.

Those cards offer a statement credit of $150 to $200 if you spend a certain amount within three months, whereas you might save a total of $24 with the BP Visa, assuming you fill your tank once a week. In fact, you’d have to pump 500 gallons (25 standard fill-ups) in your first 30 days to get $150 worth of savings. 

Earning Points & Rewards

A discount of 10 cents per gallon of gas is the equivalent of 4% cash back, assuming an average gallon of gas costs around $2.50 in the U.S. That’s a great rate, considering that many general rewards cards offer 2% or 3% cash back on gas. 

Of course, with the BP Visa Credit Card, you have to stick with BP and Amoco stations. And with a broader-use cash-back card, you’ll not only be able to pump your gas wherever you want, but you’ll almost always have more redemption options for your rewards. 

Keep in mind you can score an additional 5 cents off through the free BPme rewards program, though there are some hoops to jump through. After your first two months in the program, you’ll have to spend at least $100 on BP and/or Amoco fuel each month in order to maintain the discount. That should be doable for most people, though, given that the average U.S. household spent $2,109 on gas in 2018 (an average of about $176 a month), according to the Bureau of Labor Statistics.

When comparing this rewards rate with other branded gas cards, don’t include the 5 cents offered by the BPme program or any comparable discounts offered by rival rewards programs. You can enroll in these free programs with or without the credit cards.

Beyond the gas pump, you’ll earn 3% cash back on grocery purchases and 1% cash back on all other purchases. This is a strong offer for people with big grocery budgets, even among general rewards credit cards

Redeeming Rewards

The per-gallon gas discounts are applied right when you fuel up, so there’s essentially no redemption process. This can be an attractive feature for those who like to keep things simple.

The cash back will be applied to your account statement within two billing periods after the billing period in which it’s earned. There is no cap on how much you can accumulate.

How to Get the Most Out of This Card

Since 3% cash back is quite competitive, use this card whenever you’re purchasing groceries. And make sure to pay your bill in full each month, if at all possible. Carrying a balance, especially with this high APR, can easily wipe out the benefit of any savings or cash back.

In addition, make sure to register your BP Visa Credit Card on the BPMe app to get the extra 5 cents off per gallon. Once your new cardholder promotion is over, spend at least $100 in gas at participating stations each month (if you can), to keep that discount going.

If you don’t get the majority of your gas at BP or Amoco stations, there are better choices for you. Consider your regular driving routes, and check BP’s online station finder to make sure the stations you frequent participate in this program.

Customer Experience

The BP Visa Credit Card is issued by Synchrony Bank, which offers many retail cards. In J.D. Power’s 2019 credit card satisfaction study, the bank earned below-average ratings from consumers, ranking 10 out of 11 national issuers because of poor marks for phone and online interaction and handling of key moments, among other things.  

The BPme app offers enough convenience that hopefully those issues won’t matter. If you’ve linked the credit card to the app, it will detect your location when you go to gas up at a participating station. And then you can select your pump number right from the comfort of your car, only getting out to actually pump the gas rather than having to deal with swiping or keypads. 

Security Features 

The BP Visa Credit Card has standard security features like zero fraud liability.

Fees 

The fees are typical for a branded gas card, including a steep APR. 

For BP Visa credit card
Compare This Card
See how this card stacks up to the competition
CURRENT CARD
BP Visa credit card
overall rating
3
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 29.99% fixed
Annual Fee $0
Rewards Earning Rate Get 10¢ off per gallon on fuel purchases at participating BP and Amoco stations, 3% cash back at grocery stores, and 1% cash back on all other purchases.
Our Methodology
  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. BP. "Credit Cards." Accessed Feb. 13, 2020.

  2. AAA. "Gas Prices." Accessed Feb. 13, 2020.

  3. BP. "Credit Cards." See Footnote 2. Accessed Feb. 13, 2020.

  4. Bureau of Labor Statistics. “Consumer Expenditures 2018.” Table A. Accessed February 3, 2020.

  5. BP. "Terms and Conditions." See 'Rewards Program Terms.' Accessed Feb. 13, 2020.

  6. J.D. Power. "Credit Card Satisfaction Study (National) (2019)." Accessed Feb. 13, 2020.