BP Visa® Credit Card Review: Should You Apply?

BP Visa® Credit Card Review: Should You Apply?

The BP Visa® Credit Card is a solid card for frequent drivers and big grocery spenders with convenient access to BP and Amoco stations.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

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Quick facts

  • Welcome offer: 30-day introductory offer when you open a new account and download the BPme app. That’s 25¢ off per gallon every time you fuel up with your BP Visa® Credit Card or BP Credit Card at participating bp and Amoco stations. Plus, an additional 5¢ off per gallon2 after loading your BP credit card into the BPme app and using it for fuel purchases. Sign up by downloading the BPme app right away. After which, you'll get 10 cents off a gallon.
  • Earning rate: Get 10¢ off per gallon on fuel purchases at participating bp and Amoco stations. Earn 3% cash back on grocery store purchases. Earn 1% cash back on purchases made everywhere else Visa credit cards are accepted (excluding bp and Amoco fuel purchases).
  • Annual fee: $0
  • Other benefits: $0 fraud liability

Pros

  • No gallon restrictions or purchase limits to earn cents off per gallon discount
  • No spending limits to earn 3% cash back on groceries
  • $0 annual fee
  • $0 fraud liability

Cons

  • Need to have BP and Amoco gas stations conveniently near you
  • High APR of 27.24%
  • Requires you to spend at least $100 per month on fuel to get full cents off per gallon discount
  • Cannot get all rewards using ApplePay
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Is the BP Visa® Credit Card worth it?

For frequent drivers and big households that rely on grocery shopping, the BP Visa® Credit Card is worth it. Unlike many cashback cards, the BP Visa® Credit Card does not put a maximum spending threshold to earn its 3% cash back on groceries and 15 cents off per gallon, with the potential to earn 25 cents off per gallon in the first 30 days.

On the downside, the BP Visa® Credit Card limits you to BP and Amoco gas stations to earn the cents off per gallon discount; otherwise, you earn 1% on all purchases. You also have a high APR of 27.24%, with no introductory rate.

Earn 25 cents off per gallon for the first 30 days

The BP Visa® Credit Card has a 30-day introductory offer when you open a new account and download the BPme app. That’s 25¢ off per gallon every time you fuel up with your BP Visa® Credit Card or BP Credit Card at participating bp and Amoco stations. Plus, an additional 5¢ off per gallon2 after loading your BP credit card into the BPme app and using it for fuel purchases. Sign up by downloading the BPme app right away. After, you'll get 10 cents off a gallon.

The average cost of gas is $3.40 per gallon or $40.80 to fill a 12-gallon tank. So, this offer could allow you to fill a 12-gallon tank for $37.80.

To be eligible for this offer, you must make gas purchases at participating BP and Amoco locations, which you can find on their station finder tool online or on the BPme app.

Get an additional 5 cents off by using the BPme app

In addition to the 25 cent discount, you can earn another 5¢ by purchasing fuel using the BPme app. To get the 5-cent discount, you need to spend at least $100 per month on fuel at participating bp and Amoco stations. This deal is permanent, so even after 30 days you can earn an additional 5¢ off fuel in combination with other discount deals.

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Earn up to 15 cents off per gallon at BP or Amoco stations

The BP Visa® Credit Card offers a solid ongoing discount on BP gas, plus decent rewards on groceries.

After the introductory offer, you will still Get 10¢ off per gallon on fuel purchases at participating bp and Amoco stations. Earn 3% cash back on grocery store purchases. Earn 1% cash back on purchases made everywhere else Visa credit cards are accepted (excluding bp and Amoco fuel purchases).

Be careful how you use your card at the pump. If you use your BP Visa® Credit Card with ApplePay, you will lose out on the fuel discount. Instead, you'll receive 1% cash back on those fuel purchases.

By our estimates, you can earn an average 1.5 cents per dollar spent on this card. While it doesn't stack too well against other cashback rewards cards, the BP via stands out in offering twice as much value for every dollar spent on groceries and 15 cents off per gallon on gas, with no maximum spending limitations.

Average rewards earned per $1 spent

$0.024
Blue Cash Preferred® Card from American Express
$0.021
Chase Freedom Flex℠
$0.02
PNC Cash Rewards® Visa® Credit Card
$0.02
Citi® Double Cash Card – 18 month BT offer
$0.02
Chase Freedom Unlimited®
$0.019
Capital One® Savor® Cash Rewards Credit Card
$0.017
Discover it® Cash Back
$0.015
BP Visa® Credit Card
$0.015
Capital One Quicksilver Cash Rewards Credit Card

Redeeming discounts and cashback

The BP Visa® Credit Card rewards are pretty simple to redeem, but cashback rewards take longer than the cents off per gallon. The cents off per gallon rewards are automatically taken at the pump of participating BP and Amoco gas stations.Make sure to use the BPme app to earn the 5-cent discount.

Meanwhile, the cashback rewards earned will be applied to your card account as statement credit within two billing cycles.

Other benefits

Aside from cents off per gallon and cash back rewards, the BP Visa® Credit Card offers a few other benefits:

If your card is lost or stolen, you won't be responsible for any unauthorized charges.

The BP Visa® Credit Card has $0 annual fee. The average annual credit card fee is $147, so this perk could help you save money.

Drawbacks

  • Gas station limitations: To maximize the cents off per gallon discount, you need to have BP and Amoco gas stations conveniently near you.
  • High APR: The APR on the BP Visa® Credit Card is 27.24%. The average APR on new cards is 23.02%, so BP Visa® Credit Card APR is significantly higher.
  • Minimum fuel spending threshold: To earn the additional 5 cents off per gallon of fuel, you need to spend at least $100 on fuel per month. That could mean re-filling a 12-gallon tank at least three times each month to earn this reward.
  • ApplePay disqualifies discount: You cannot get the cents off discount per gallon using ApplePay at the gas station. Instead, you would receive 1% cash back.

How does the BP Visa® Credit Card compare to other cards?

While the BP Visa® Credit Card can be a solid option for an avid driver, it is not the only option when it comes to earning cash back in specific spending categories. Here are other rewards credit cards to consider:

BP Visa® Credit Card vs. Blue Cash Preferred® Card from American Express

See Rates & Fees. Terms Apply. On American Express' Secure Website

The Blue Cash Preferred® Card from American Express has a higher overall earnings rate than the BP Visa® Credit Card with twice as much cash back at U.S. supermarkets. You earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more), 1% Cash Back on other purchases. Terms apply. The cash back you earn is easily redeemable for statement credits.

You also can qualify for a generous welcome bonus. The card also offers return and purchase protection to insure purchases you make with the card. The main drawback is the annual fee: You get a $0 introductory annual fee for the first year, then $95.

For rates and fees of Blue Cash Preferred® Card from American Express, please click here

How does it compare?

  • Annual fee: $0 introductory annual fee for the first year, then $95 (Worse)
  • Welcome bonus: $300 back after you spend $3,000 in purchases on your new Card within the first 6 months. Cash back is redeemable for statement credits. (Better)
  • Rewards earned/$1 spent: $0.024 (Better)
  • Other benefits: Return protection, purchase protection
  • Terms apply

BP Visa® Credit Card vs. Chase Freedom Flex℠

On Chase's Secure Website

The Chase Freedom Flex℠ is a great option if you want to maximize different spending categories. It offers a much higher rate of cash back than the BP Visa® Credit Card through generous spending categories.

You can Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases. You can also get a much larger welcome bonus than the BP Visa® Credit Card.

Like the BP Visa® Credit Card, the Chase Freedom Flex℠ has a $0 annual fee, but stands out with additional benefits, including an introductory APR. Some drawbacks include the spending limits to earn the 5% and the strict 5/24 rule that Chase implements to qualify for the card.

How does it compare?

  • Annual fee: $0 annual fee (Same)
  • Welcome bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. (Better)
  • Rewards earned/$1 spent: $0.021 (Better)
  • Other benefits: Trip cancellation, 0% Intro APR on Purchases for 15 months from account opening (followed by an APR of 14.99% - 24.74% Variable), complimentary DashPass benefits (Better)

BP Visa® Credit Card vs. PNC Cash Rewards® Visa® Credit Card

The PNC Cash Rewards® Visa® Credit Card is a solid option if you want to earn a high cashback rate on gas without gas station limitation. The PNC Cash Rewards® Visa® Credit Card lets you Earn 2% on grocery store purchases, 3% on dining purchases at restaurants and 4% on gas station purchases for the first $8,000 in combined purchases in these categories annually. 1% cash back on purchases everywhere, every time.

The $0 annual fee and introductory APR on balance transfers can help maximize your savings potential. The main drawback is that the cash back rewards have a $8,000 combined purchase threshold before reducing to 1%. So this card may not be ideal for big spenders.

How does it compare?

  • Annual fee: $0 annual fee (Same)
  • Welcome bonus: $100 Bonus after you make $1,000 or more in purchases during the first 3 billing cycles following account opening (Better)
  • Rewards earned/$1 spent: $0.02 (Better)
  • Other benefits: Intro APR on balance transfers of 0% for the first 12 billing cycles following account opening when the balance is transferred within the first 90 days following account opening (followed by an APR of 13.99%-24.99% PNC virtual wallet (Better)

Should you apply for the BP Visa® Credit Card?

The BP Visa® Credit Card is a good choice for frequent drivers with convenient access to BP or Amoco stations and big grocery spenders. While it does not have as high of an earning rate as other cards, the BP Visa® Credit Card has no spending thresholds that would reduce the earnings rate, so you can enjoy 3% cash back on groceries no matter how much you spend per year.

However, there are alternatives if you are looking to earn cash back on different spending categories or want more gas purchase rewards that are not limited to certain stations.

BP Visa® Credit Card FAQs

Is the BP Visa® Credit Card only for gas?

No. You can also earn 3% on grocery purchases and 1% on everything else.

Who is BP Visa® Credit Card with?

Synchrony issues the BP Visa® Credit Card.

How do I pay my BP Visa® Credit Card?

Your billing statement will provide instructions on how to pay your BP Visa® Credit Card.

Is the BP Visa® Credit Card worth it?

It depends. If you are conveniently near BP and Amoco stations and are a big spender on groceries, then the BP Visa® Credit Card is worth it.

Is there an annual fee for the BP Visa® Credit Card?

No, there is no annual fee.

Can I use my BP Visa® Credit Card at Amoco?

Yes, you can use your BP Visa® Credit Card at Amoco stations to get the cents off per gallon discount.

For rates and fees of Blue Cash Preferred® Card from American Express, please click here

The information related to BP Visa® Credit Card and PNC Cash Rewards® Visa® Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).