The BP Visa® Card, issued by Chase, is designed for those who have very
good credit and plan to take advantage of the gas rewards program.
Through the rewards program, cardholders earn rebates that can be applied towards free gasoline at BP gas stations. For the first two billing cycles, cardholders earn a 10% rebate on BP gas purchases; a 4% rebate on purchases at dining establishments, airlines, lodging facilities, and on car rentals; and a 2% rebate on all other purchases. After the first two billing cycles, cardholders earn a 5% rebate on BP gas purchases; a 2% rebate on purchases at dining establishments, airlines, lodging facilities, and on car rentals; and a 1% rebate on all other purchases. Every time cardholders earn $25 in rebates, they will have their choice of receiving a BP gift card or a cash back check or making a donation to The Conservation Fund.
Aside from the rewards program, the card also offers common platinum benefits such as travel accident insurance, auto rental insurance, and various travel and emergency assistance services.
The card has
no annual fee and the APR for purchases is above average. In addition, the card offers a
0% introductory rate on balance transfers for up to six months.
Therefore, those who qualify for the lowest rate offered and plan to use the
credit card at BP gas stations (to earn the standard non-promotional 5% rebate) will benefit most from what the BP Visa® Card has to offer.
