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Credit Card Reviews » BP Visa® Rewards Card |
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The BP Visa® Rewards Card, issued by Chase, is designed for those who have very good credit and plan to take advantage of the gas reward program.
Through the reward 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 the cardholder earns $25 in rebates, they will have their choice of receiving a BP gift card, a cash back check, or of making a donation to The Conservation Fund.
Aside from the reward 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 reasonable for those who qualify. In addition, the card also offers a 0% introductory rate on balance transfers for the first 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® Rewards Card has to offer.
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0% Intro APR on Balance Transfers for 6 months
13.99% Regular Variable APR for Purchases
20.99% Regular Variable APR for Cash Advances |
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20 days Grace Period |
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| (* 0% for 6 months and is applied to Balance Transfers) |
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| Finance Configuration: Average daily balance method (including new purchases). |
| Additional Cardholders: $0 |
| Late Payment Fee: $39 |
| Over-The-Limit Fee: $39 |
| Cash Advance Fee: 3% of the amount of the transaction, but not less than $10.00. |
| Balance Transfer Fee: 3% of the amount of each transaction, but not less than $5.00 nor more than $99.00. |
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| Minimum Credit Limit: n/a |
| Maximum Credit Limit: n/a |
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| Type of Reward: Rebate |
| Rebate Minimum: 1% |
| Rebate Maximum: 5% |
| Additional Rebates: 5% rebates on all participating BP location purchases. 2% rebates on all eligible travel and dining purchases. 1% rebates on all other eligible purchases. Redeem every $25 rebates for: BP Gift Card, cash, donation to the Conservation Fund. |
| Bonus Rebates First Purchase: None |
| Bonus Rebates Other: None |
| Expiration: None |
| Yearly Limit: None |
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| Additional Features for BP Visa® Rewards Card: |
Various Internet account related services.
Emergency card replacement.
Emergency cash replacement.
Lost and stolen card reporting.
Auto rental insurance (Auto Rental Collision Damage Waiver).
Various travel and emergency assistance services.
Extended warranty for purchases.
Purchase protection.
No liability for unauthorized transactions.
Travel accident insurance.
Year-end financial statement (upon request).
See website for additional benefits.
Certain restrictions, limitations, and exclusions apply.
If an account is opened, please refer to the Guide to Benefits for details. |
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| Important Notes for BP Visa® Rewards Card: |
The APR for purchases and balance transfers varies according to the applicant's credit history and will be 6.99%, 10.99% or 15.99% + Prime Rate.
See website for complete terms and conditions of card usage and application disclosure. |
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| Notes: The review on BP Visa® Rewards Card was updated on May 12, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update.
We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application. |
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