Who Is This Credit Card Best For?
Diligently searches for the best products and delights in a good bargain See more cards
Looks for good quality at a fair price while buying for the household See more cards
Hits the road often, whether for work or play See more cards
Frequently shops with a particular merchant and wants to be rewarded for their loyalty See more cards
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.
Bigger per-gallon discount than other cards
Generous cash back on groceries
No gallon limit on discount
High interest rate
- 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.
- 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.
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.
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.
The BP Visa Credit Card has standard security features like zero fraud liability.
The fees are typical for a branded gas card, including a steep APR.