The Ultimate Guide to Credit Cards
Sunday, April 21, 2024

BP Credit Card Review (Feb. 2024)

BP Credit Card Review
Brittney Mayer

Written by: Brittney Mayer

Brittney Mayer
Brittney Mayer

Brittney is a Credit Strategist and Finance Expert who has spent years honing her knowledge of the credit industry both personally and professionally. Brittney applies her more than a decade of research experience to crafting in-depth consumer guides designed to help CardRates readers make better, more informed financial decisions.

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Edited by: Lillian Guevara-Castro

Lillian Guevara-Castro
Lillian Guevara-Castro

Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct journalism instructor at the University of Florida. Today, Lillian edits all CardRates content for clarity, accuracy, and reader engagement.

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Reviewed by: Ashley Fricker

Ashley Fricker
Ashley Fricker

Ashley Fricker has more than a decade of experience as a finance contributor and editor, and has specialized in the credit card industry since 2015. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among many others. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate comprehensive content and media. Ashley holds a bachelor's degree in multimedia journalism from Florida Atlantic University.

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Advertiser Disclosure

Though originally short for British Petroleum, the multinational oil and gas company simply operates under its initials now, known as BP worldwide. BP can trace its roots back to 1908 and the original discovery of oil in what is now the country of Iran. Today's BP operates a large number of oilfields around the world, including in the US, as well as other similar drilling and mining operations, all in addition to the thousands of familiar BP consumer-focused gas stations.

For those who regularly fill up at one of those BP gas stations, the BPme Rewards Visa Card offers a way to save at the pump on the occasional gas purchase. You'll also receive rewards on other purchases, including 5% cash back on non-fuel bp and Amoco purchases, awarded as points that can be redeemed for cash back and more.

Better Cards to Use at BP

The following cards may provide better overall value, though it's hard to beat 15 cents off per gallon if you regularly fill up at bp or Amoco stations. The following cards provide more targeted rewards to a broader range of purchases.

Cash Back

These cards will provide bonus cash back rewards for gas station purchases at any gas station, not just BP. So you can potentially earn up to 5% cash back anywhere you fill up.

Bank of America® Customized Cash Rewards credit card Review

at Bank Of America'ssecure website

CASH BACK RATING

★★★★★

4.9

OVERALL RATING

  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases.
  • If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • No annual fee and cash rewards don’t expire as long as your account remains open.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 billing cycles for purchases
0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days (Balance Transfer Fee 3% for 60 days from account opening, then 4%)
18.24% - 28.24% Variable APR on purchases and balance transfers
$0
Excellent/Good

Additional Disclosure: Bank of America is a CardRates advertiser.

0% APR

With an APR over 30%, the BP Credit Card isn't winning any low-interest-rate contests. And it certainly can't compete with the awesome 0% APR offers available from a number of quality credit cards.

Bank of America® Customized Cash Rewards credit card Review

at Bank Of America'ssecure website

0% INTRO APR RATING

★★★★★

4.8

OVERALL RATING

  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • Choose 3% cash back on gas and EV charging station, online shopping/cable/internet/phone plan/streaming, dining, travel, drug store/pharmacy or home improvement/furnishing purchases.
  • If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
  • No annual fee and cash rewards don’t expire as long as your account remains open.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 billing cycles for purchases
0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days (Balance Transfer Fee 3% for 60 days from account opening, then 4%)
18.24% - 28.24% Variable APR on purchases and balance transfers
$0
Excellent/Good

Additional Disclosure: Bank of America is a CardRates advertiser.

Travel Rewards

Filling up your gas tank to carry on with the same old daily commute can make anyone yearn for a little vacation. Using a travel rewards credit card to make your gas purchases can turn a regular chore into a way to save on your next great trip.

Discover it® Miles Review

at Discover Card'ssecure website

AIR MILES RATING

★★★★★

4.9

OVERALL RATING

  • UNLIMITED BONUS: Unlimited Mile-for-Mile match for all new cardmembers - only from Discover. Discover gives you an unlimited match of all the Miles you’ve earned at the end of your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.
  • Automatically earn unlimited 1.5x Miles on every dollar of every purchase
  • No annual fee
  • Turn Miles into cash. Or redeem as a statement credit for your travel purchases like airfare, hotels, rideshares, gas stations, restaurants and more.
  • 0% intro APR for 15 months on purchases. Then 17.24% - 28.24% Standard Variable Purchase APR will apply.
  • Discover could help you reduce exposure of your personal information online by helping you remove it from select people-search sites that could sell your data. It’s free, activate with the mobile app.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Terms and conditions apply.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 15 months
0% Intro APR for 15 months
17.24% - 28.24% Variable APR
$0
Excellent/Good

There are several quality cards to choose from, including the BPme Rewards Visa Card. You should read the fine print of each card's rewards program to determine which will provide you with the most value in the long run. The may mean a general-purpose card not tied to a single brand.

BP Card Overall Rating: 3.0/5.0

The most immediately noticeable aspect of the BPme Rewards Card is its high APR. An APR like that can make an already-costly fill up even more expensive if you don't pay your balance in full each month.

This card is a Visa card, meaning it can be used everywhere Visa is accepted. You'll earn at least 1% on everything you buy, with higher tiered rewards for specific purchase categories. For instance, groceries you buy with this card will earn 3% cash back.

BP Credit Card

  • APR: 30.99% as of Feb 2024
  • Annual Fee: $0
  • Rewards: 15¢ off/gallon on fuel purchases at bp and Amoco
★★★ 3.0/5.0

Rewards can be redeemed for cash back, an account statement credit, gift cards, travel, and more. This card stands above other gas station co-branded cards and may be a solid option for qualified applicants.

The cash back is awarded in points, worth a standard penny apiece. Note that the cash back option requires a minimum redemption amount of 2,500 points (or $25).

This card is issued by First National Bank of Omaha.

Approval Requirements & Application

We estimate you'll need a minimum credit score in the mid-600s to qualify. While some gas stations may accept applications, the easiest way to apply for the BP Credit Card is through the online application found through the link below.

What Others Say About the BP Credit Card

Customer service seems to be at the heart of many complaints about BP's credit cards, though the rewards are also a point of contention for many reviewers. And the card's high interest rate is definitely a topic of interest in a number of consumer reviews.

CreditKarma.com
A review from CreditKarma.com says:

I've had this card for years. Always paid it on time and have always used it. I get a credit update notifying me that Synchrony closed my account. Prior to this they constantly dropped the credit limit down to $230. I had not used the card in a month and soon as I get to the pump it's closed. I called and they will not reopen. I will never do business with Synchrony again. I have two other cards from them I am closing today. — CreditKarma.com

1.0/5.0
WalletHub.com
A review from WalletHub.com says:

This is the biggest rip off of a card I've seen in a while, My credit is good, I've never missed a payment. I had a small balance going forward through the winter that I just paid a huge chunk of. Why? Because, for absolutely NO reason, my interest rate went from 14% to 27%. I called customer service, they say "we are competitive and we don't have an annual fee." LOLL. Really? I've never missed a payment, and I'm paying 2% less than the MAXIMUM interest rate allowed by law. Put me in the same category as people that miss payments? I'm paying this card off this month and burning it in the wood pile. For the CEO of Synchrony bank, you obviously think we are too stupid to know what a high interest rate is. You may make a quick buck right now, jacking people around overnight, until they figure it out. And, when they do, they are going to leave this rip-off scam of a card as soon as possible. Take your greed and apply it to the lemonade stand you probably couldn't run after all the card holders are done here. — WalletHub.com

1.0/5.0
AskMrCreditCard.com
A review from AskMrCreditCard.com says:

The BP Credit Card is a pretty decent and good gas station card that will allow you to save money if you fill up your gasoline exclusively at BP stations. What I like about the card is that there are no spending tiers to meet to earn that 10¢ per gallon (unlike some other cards). Based on current gas prices, 10¢ per gallon is also pretty competitive with cards that give a rebate on a percentage basis. If you use BP exclusively, then this card will suit you. If you use other stations but mainly use BP, you might want to supplement this with another gas card that will allow you to earn cash back at all gas stations. — AskMrCreditCard.com

★★★★ 3.5/5.0

Is the BP Card Right for You?

Given the seemingly constant increase in gas prices, it makes perfect sense to use a good rewards credit card to take the edge off of the high cost of filling up your tank, and the BP Credit Card may be the right choice for some people, particularly if you regularly frequent a bp or Amoco station. The rewards it pays on other purchases is nice, too, but a general-purpose card may serve you better in the long run.

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.