BP Visa Credit Card Review
You'd be far better off with a cash-back or rewards card than a store-branded one like the BP Visa. Find out when this fuel rewards credit card might be worth it, and which other cards are likely better options.
The BP Visa card isn't bad as far as store-branded credit cards go, but you'd be far better off with other rewards cards
For every $100 you spend you can earn up to 5% back at BP stations.
AND, BP has an introductory rewards program that earns you double cash-back within the first 90 days.
This means that if you fill your 20-gallon tank, like I do, once a week for $70 at $3.50 a gallon—you'll be awarded a free tank after three months (excluding tax).
Just by using your BP Visa on BP fuel alone you'll earn 4 free tanks a year, a $280 value!
Here comes the "but…"
If you're looking for a cash-back or rewards credit card that helps you out at the pump, then you should steer clear of store-branded credit cards and go with the cash-back or rewards card kings, which we list below.
Like other store-branded cards, consumers are limited to where they can earn rewards with the BP Visa.
You won't earn any rewards by swiping at any non-BP branded gas station, fast food restaurants, grocery stores, shopping malls, or airline purchases.
This is a pure, fill-up-your-tank rewards card, which means you should strongly consider looking at other card options.
The Blue Cash Preferred from American Express is a stronger gas card, unless you just burn BP gas
The Blue Cash Preferred card earns you gas rewards and more—making it a lifestyle card that offers cash-back rewards in all places and purchases, unlike the BP Credit card.
Just look at like this:
Say you're like me and spend about $70 on gas every week.
That's about $4,000 a year in gas.
If you spent that on the BP card, you'd get about $280 in free gas a year.
There's a lot of fine print that goes into that figure, but for the sake of argument, let's go with that figure.
If you spent the same amount on gas with the Blue Cash card, you'd only get $120 back.
BUT, you'd also get $250 worth of reward points (for spending $1k within three months of getting the card) that you can use at FAR more locations than just the BP store.
And, you'd get 6% cash back on all your grocery shopping up to $6,000, or $360!!!
So, with the Amex Blue Cash card, you'd get:
- $120 on gas
- $360 on groceries
- $250 in reward points
That's $730 worth of value, folks.
This doesn't even include the 1% cashback on all other purchases.Compare that to the $280 worth of free gas from the BP Visa credit card.
Well, which card would you rather?
You'd have to fill up nearly 4x more per week to make the BP Visa card worth it.
Here's a breakdown of the Blue Cash card
Earn points everywhere. In addition to 3% cash-back rewards on gas—anywhere in the U.S. You can earn 6% cash-back at grocery stores for up to $6,000 in annual spending. All other purchases earn 1% cash-back.
Sign-up bonus when you spend. Within the first 90 days of opening your account, you can earn $250 in rewards points toward your balance if you spend $1,000.
Annual fee offset by rewards. The annual fee is $95, but the rewards earning potential can pay for the fee while still earning you cash-back.
If you use your Blue Cash Preferred card to earn 6% back at grocery stores alone, your rewards will pay off your annual fee after only $6,000 in grocery store spending.
Zero percent balance transfers. Within the first 12 months of opening your account, you'll pay zero percent APR on qualifying balance transfers.
This could save you hundreds in interest if you have existing debt you're trying to pay off.
How BP compares to its top competitor
|BP Visa card||Blue Cash Preferred by American Express|
|How high of credit score do you need?||660+||690+|
|Average APR?||27.99% (variable)||13.99-24.99 (variable)|
|How big of sign-up bonus do you get?||$0.25 off per gallon on all purchases of $100+||$250|
|How much do you need to spend to get the bonus?||$100||$1,000 in 90 days|
|If you spent $100 on the card, then how much would the points be worth in dollars?||
Besides Blue Cash, here are three other competitive credit cards to consider
High fuel rewards for no annual fee. Consider the Discover it Chrome card for cash-back and gas credit.
Earn high gas rewards. With the Chase Freedom credit card, earn 5% cash-back on rotating quarterly categories. Although it's not fuel specific, gas station purchases are in at least 1 of its 4 annual rotating categories.
Double cash-back on every purchase. The Citi Double Cash Card offers 2% cash-back on all of your everyday purchases. And there are no specific categories to keep track of — just swipe and earn.
The Question Everyone Is Asking
Where should I use my BP Visa credit card?
You can use your BP Visa credit card anywhere Visa cards are accepted.
Maximize rewards at BP stations. For every $100 you spend at BP gas stations, you can earn $0.25 cents off a gallon (or one-cent for every $4 spent).
Earn discounts on travel, dining, and groceries. These categories are determined by eligibility. But, if you spend $100 on any of these eligible categories, you can earn 15 cents off per gallon at the pump (or one cent for every $6 spent).
Earn where Visa is accepted. For all other purchases, excluding non-BP branded gas stations, earn 5 cents off per gallon for every $100 spent (or one cent for every $20 spent).
The BP Visa credit card is strong because it earns you high cash-back rewards compared to other store cards
The BP Visa offers two types of rewards: introductory and post-introductory.
Both these rewards programs earn you a high percentage of cash-back on eligible purchases.
Earn double cash-back within the first 90-days of opening your account. Your BP Visa has the most earning potential this time-period.
You'll receive 25 cents off per gallon for every $100 you spend, anywhere (except non-BP gas stations) during this time.
If you spend $70 a week to fill-up, you'll only need to swipe your BP Visa for $82 a week during this time to earn a free tank.
High fuel-rewards points. In terms of cash-back rewards for fuel, this card offers some of the highest rewards in the market.
If you use this card strictly on gas purchases at BP stores and pay your balance off every month (to avoid the high APR), you can earn $0.01 off fuel for every $4 spent!
I fill-up weekly for $70 a tank and I earn 70 cents off a gallon by the end of the month.
Maximize your earnings when your tank is empty. Cash in your rewards when your tank is empty and maximize your rewards.
If you've spent $100 on fuel purchases, you'll save $5 to fill your tank. If you're only filling up halfway, you'll reduce your savings to $2.50 and the rest of your fuel points are forfeited.
Free from annual fees. Yep. You won't pay a dime to have it. Plus, the BP Visa credit card will save you up to 5% cash-back on fuel at BP-branded gas stations.
Link your debit or credit cards. Once you receive your BP Visa card you will have a BP Drivers Account.
You can link existing credit or debit cards to your BP Driver's Account.
Use the linked cards at BP fuel pumps and save up to 10 cents a gallon for every $100 spent on gas.
The BP Visa credit card is weak because it really only rewards you if you buy gas there
Although the BP Visa credit card allows for high earning potential when it comes to redeeming your rewards, there are restrictions that might give other rewards cards the upper-hand in terms of rewards benefits.
Rebates are worth less if you have a small tank. The more you spend at BP stations on gas and other purchases the more you save on gas overall.
The catch? You drive a small car, a hybrid, or anything that has less than a 20-gallon tank — the less your rewards earn you.
Let's say you spend $300 on your BP Visa and have earned 75 cents off per gallon, (earn $0.01 in fuel rewards for every $4 spent), your rewards are limited based on the size of your gas tank.
A 10-gallon gas tank could reward you a maximum of $7.50 off a single fill-up — whereas a truck with a 20-gallon gas tank will reward you $15.00 in savings.
Basically, the smaller the tank the less you can capitalize on your earned rewards.
Regardless of how much you spend, your savings are restricted to the size of your tank in the BP Visa rewards single-use rewards program.
Rebates only apply to first 20 gallons. If you drive anything over 20 gallons, your savings are capped at the first 20 gallons when refueling your vehicle.
No tank is ever free. Gas discounts will get you the lowest price possible per gallon at $0.109 due to fuel tax—that's only $2.18 for a fully rewarded tank!
Rebates must be used all at once. The program offers no way to redeem specific portions of your earnings or to save some of your rewards for another fuel purchase.
If you only put a quarter tank's worth of gas in your car, your rewards will be used in full on that purchase regardless of it failing to meet the 20-gallon limit.
Rewards expire 12 months after they're earned. A year after the month your points are accumulated they expire and are not redeemable for any credit.
The rewards credit option is weak. Although there is another way to redeem your rewards, in a form of credit toward your account balance, it earns you significantly less than you could save at the pump.
Any amount of rewards you have will be multiplied by 15 and applied as a credit to your account.
Let's say you have $4.00 off per gallon after spending $1,600 on your BP Visa.
If gas is over $4 a gallon and you have maximum benefits ($4 off a gallon on a 20-gallon tank), your saving potential is $80.
If you choose to use your savings as a credit toward your balance you will only be awarded a credit of $60, thus losing $20 in fuel savings.
Savings only at BP stations. Since it's a BP-branded Visa card this credit card's reward system can only be used at BP stations.
Earnings are primarily at BP stations, too. So if you aren't a brand loyal, this card probably isn't for you.
Who This Card Is Best For
You should get the BP credit card if you're brand loyal to BP and spend a lot of money at the pump
The BP Visa credit card is most beneficial for consumers that live, work, and play in an area where BP gas stations are located.
You're a regular BP customer. If you are a regular BP customer, then this is a card worth researching.
Find stations near you before you apply for the card by using the company's store locator.
No station nearby your regular routes or in your neighborhood?
Then this card is not a good option for you, as you'll have no way to earn maximum rewards or redeem them.
You drive a gas-guzzler. If you are spending a lot of money on fuel for a large vehicle, the BP Visa credit card might be a viable option for you to earn rewards.
By using your credit card at BP stations on all fuel purchases for your large tank vehicle, you are maximizing your earning potential and increasing your savings when you cash-in on your fuel rewards.
You regularly empty your tank. The best way to use any rewards earned is to use them when your tank is empty.
Regardless of how many gallons you use, your rewards save you the same amount on a two-gallon purchase or a 12-gallon purchase.
Empty your rewards balance when you're on "E" and maximize your savings.
You have a family of drivers. If you have multiple members of your family that drive vehicles, this card is worth considering.
The BP Driver's Account allows you to link other Visa debit or credit cards to your account after you've opened your BP Visa credit card.
This allows for additional savings (10 cents off a gallon for every $100 spent on gas), without spending on credit.
The Card and The Company's History
Believe it or not, BP has an extensive credit card portfolio
When it's not putting out fires, both figuratively and literally, BP, formerly named British Petroleum, is an oil and gas company with a worldwide presence, as the Gulf of Mexico knows.
In addition to gas stations, BP is involved in refining, power generation, trading, and production of oil and gas products.
With over 16,000 BP brand stores worldwide, BP's business portfolio continues to grow into credit card affiliated programs as well.
BP's credit card portfolio consists of the:
- BP Visa
- BP Credit Card
- BP Fleet Fuel
- BP Gift Cards
The BP credit card is the card closest to the BP Visa card. While it offers the same introductory rewards program, it offers significantly less value after the 90-day introductory period.
The BP credit card only rewards spending on gas at BP stations, whereas the BP Visa credit card we are reviewing here rewards savings on other purchases as well.
The BP credit card rewards you significantly less on gas.
For every $100 you spend at BP stations, you only earn 10 cents off per gallon.
How the Card Works
Here's how the BP credit card by Visa works for you
The BP Visa card is welcome wherever Visa is accepted.
Reap more rewards by using your card at BP gas stations.
Accumulate your savings. For every $100 you spend, you save 10 cents off a gallon for a single use.
The more you spend, the more rewards you have on your next fill-up.
To get the most out of your savings, save your points for when you need to fill up your tank.
Fraud liability. Your BP Visa credit card has $0 fraud liability. The cardholder will be protected if the card is lost, stolen, or fraudulently used.
ATM access. Withdraw cash at any ATM with your BP Visa credit card. Interest rates do apply.
Save at the pump. Earn up to 5% cash-back on fuel purchases at BP gas stations for every $100 spent at BP stations.
These rewards can only be redeemed once, so it's best to cash-in on your accumulated rewards when you need to fill up your tank — the same rewards will be awarded for fuel purchases from 1-20 gallons.
Earn rewards with other eligible purchases. For every $100 spent on eligible groceries, dining, and travel you earn 15 cents off per gallon.
Spend $100 everywhere else Visa is accepted (excluding non-BP gas stations), and save 5 cents off per gallon.
Double cash-back introductory rewards offer. Within the first 90 days of activation, your BP Visa card will reward you much more on gas savings.
Save up to 25 cents off per gallon for every $100 spent on any purchase.
This is the only time you will be awarded for any purchase except for those made at non-BP branded gas stations.
Convert your rewards to credit. In addition to spending your earned rewards on fuel savings, you have the option of converting your savings to credit on your monthly statement.
Any credit you have will be multiplied by 15, which equals the amount that will be credited toward your balance.
For example, if you have earned 20 cents off per gallon that will amount to $3 credited to your next statement.
High-interest rates and APR
Pay extremely high APR. After the introductory offers end, you'll want to avoid carrying an account balance or using this card for cash advances. Purchase APR is 27.99% and a cash advance will charge you 29.99% APR.
No annual fee. The BP Visa card is free from annual fees.
ATM use will cost you. If you withdraw from an ATM, you will be charged 29% interest on all ATM cash.
Be on-time with payments. You will be penalized with a $27 fee the first time you are late on a payment. If you're late again, your late fee will jump to $38.
Transaction fees apply. Cash advance fees are 5% of the amount of each cash advance (or $10, whichever is greater).
A 3% foreign transaction fee will be assessed for each transaction made overseas.
Beware the fine print
Rewards expire. Any unused rewards are forfeited one year after they are earned.
Single-use rewards. Any rewards earned on your account are used in a single fuel purchase of up to 20 gallons. If you have 25 cents off per gallon, you will not be able to use 10 cents off and the entire amount of the rewards will be used.
Maxed out rewards. If you have accumulated rewards that exceed the price of gas (you must pay a minimum of 10.9 cents a gallon), your rewards will roll over to your next purchase.
For example, you've earned $3.00 off per gallon and gas is $2.90 a gallon.
Your rewards are more than the current price of fuel minus 10.9 cents — which is always paid. These remaining rewards will roll over to your next purchase.
What People Love About It
People love the BP Visa credit card because of the introductory offer
The best thing about the BP Visa credit card is the 90-day introductory rewards offer.
Rewards on all purchases. During the introductory period, you'll earn one-cent off for every $4 spent on all purchases, except at non-BP branded gas stations.
Looking for a free tank of gas? The national average is currently $2.50 a gallon. Spend $1,000 anywhere in the first 90 days to earn a free tank of gas (minus taxes).
After the introductory period?
You can only earn maximum rewards at a BP fuel station.
Spend $1,000 on gas or fill up 20 times and earn a free tank (minus taxes).
Improve your credit score. Synchrony Bank will increase your available line of credit throughout the life of your BP Visa credit card if you practice good financial habits like paying your card on-time and keeping open lines of credit.
An increase in your available lines of credit will increase your credit score over time if you keep your debt ratio under 30%.
The higher your limit the easier this is to do, especially if you're only using your BP Visa on fuel purchases at BP stations.
Biggest Customer Complaints
When the BP Visa credit card switched banks, the service of the card declined
The BP Visa credit card switched from Chase to Synchrony Bank in 2015.
Inability to use the card for purchases. Kristen, a BP Visa card holder for 20 years, reported on Credit Card Insider that after the switch her card was declined payment multiple times at locations she regularly shops at.
Confusing customer service. Many cardholders reported confusing customer service advice and difficulty using their card and its rewards.
Kristen says after being denied multiple times, a customer service rep advised her to inform Synchrony Bank before she was going out of town—completely irrelevant advice to her situation.
Difficult to redeem rewards
"We have this card for years," one card-user writes, "They make it as hard as possible for you to redeem your 'rewards'."
Rewards balance isn't widely available. The balance is not shown on your statement. This creates an extra step in verifying your balance—you must log onto your Drivers Rewards account to figure it out.
No prompts to know when your rewards expire. There are no reminders or prompts sent regarding your balance, so if you're nearing any reward expiration you have no way of knowing until the earnings are gone.
Key Digital Services
BP Driver Rewards account helps you track rewards
Stay on top of your rewards earnings by linking your BP Visa credit card to you BP Driver Rewards Account. Just log-in!
Track your points online. Use your BP Driver Rewards Account to track your accumulating points, redemptions, and expiration dates.
Maximize and plan your fuel purchases. Track your rewards points and save them for when your tank is empty, rewards are high, and gas prices are low to make the most of your fuel savings.
Link multiple cards to your account. In addition to your BP Visa card, you can link up to 5 cards on a single BP Driver Rewards Account. Set it up for your family members and earn points off for yourself on your account.
How do I sign up for the card?
Go to MyBPStation.com to apply online. You will find out immediately if you are accepted and will receive your BP Visa credit card in 7-10 business days by mail.
How do I close my account?
Call Synchrony Bank to cancel your account at 1-800-445-6106.
What can I use my BP Visa for?
Maximize your rewards by swiping your BP Visa strictly at BP fuel pumps. Use your rewards on fuel-savings for every $100 you spend at BP stations and on certain other purchases.
Where and what stores can I use my BP Visa?
You can use your Visa wherever Visa cards are accepted. In order to maximize your rewards, use strictly at BP stations.
How long does it take to refund my BP Visa?
It can take 7-10 business days.
How can I check my credit card balance?
You can check your balance online at BP Synchrony's account portal.
How do I withdraw money from my BP Visa?
At an ATM, use your PIN number that you create when you activate your card to withdraw money.
Can I get a cash advance and are there any related fees?
Yes, 29.99% APR on cash advances.
How do I add an authorized user to my BP Visa?
Log into your BP account online, or call 1-800-445-6106
Are there any upgrades on the BP Visa?
How soon can I use my card once I receive it?
Call the number on the card and activate your card to immediately put it to use.
How do I contact BP Visa card services or report the card stolen?
Call Synchrony Bank for any all credit card-related services, stolen or missing cards, or fraudulent activity. 1-800-445-6106.
What credit score do I need to get approval for the card?
Will my credit score drop if my account gets closed?
It might because you are closing an available line of credit, therefore lessening your amount of available credit.
Which credit bureaus does BP Visa report to?
Can I build my credit with the BP Visa credit card?
Is there an expiry date on the card?
Is it hard to get a BP Visa credit card?
You must have a minimum credit score of 660. Once you apply online and find out immediately if you've been approved.
How long does it take to receive the card once I have been approved for it?
Once approved, it takes 7-10 business days to receive your BP Visa by mail.
How do I redeem my rewards?
Redeem rewards in two ways: at the pump at participating BP stations, or you can redeem your rewards as credit toward your balance. See our section above about how rewards work.
Is there an expiry for when I can redeem my rewards?
Yes, rewards expire one year after the month they are earned.
Which ATMs can I use to withdraw cash from?
Any ATM that accepts Visa.
What's the difference between the BP Visa vs the BP credit card?
Both have the same 90-day introductory offer. After that period, the BP credit card only earns 10 cents off per gallon on BP purchases and nowhere else.
Does the card offer travel and purchase protection benefits?
There is $0 fraud liability, which means the card owner is not responsible for any purchases made if the card is lost or stolen and will pay nothing for fraudulent activity.
Is there a cap on how many gallons I can fill up until I max out my rewards?
Yes. Rewards can be redeemed up to 20 gallons.
If you're loyal to BP fuel, then the BP Visa can earn you multiple free tanks a year.
If you fuel-up at other branded stations, this isn't the fuel rewards card for you.
Be sure to pay your balance in-full as the APR for purchases is high and will cost you more than your rewards earn you.
Do you use the BP Visa credit card?
How has it worked out for you?
Share any great tips (or nightmares) with the rest of us in the comments below.