BP offers consumers two choices in credit cards, the BP Visa Card with Pump Rewards and the BP Card with Pump Rewards. Both earn you rebates on gas purchases at any BP station, but you can only use the regular version at BP stations. You can use the Visa card at any retailer that accepts Visa. No matter which card you choose, you can apply for it in several different ways including online and in the store. (Reference 1)
Card Features For the first 60 days you have the card, the BP Visa Card with Pump Rewards gives you a 25 cent per gallon rebate for every $100 you spend at a BP gas station. After 60 days, you earn 15 cents off per gallon for every $100 spent at BP. The BP Visa also gives you five cents off per gallon for every $100 you spend anywhere else, excluding other gas stations. The regular BP Card with Pump Rewards provides you five cents off per gallon for every $100 you spend at BP stations. (Reference 1) All rebates expire 12 months after BP issues them and you can redeem the rebates at the pump or as a statement credit. As of 2015, the annual percentage rate for the BP Visa was 20.24 percent, while the regular BP card was 23.24 percent. (Reference 2)
Where to Apply You can apply for both cards via the BP website, and the BP Visa through the BP website and the Chase website. (Reference 3, 4) At times, a BP station employee may ask you if you are interested in a BP card and provide you with a paper application that you can submit in the store. If you apply for the BP Visa and Chase denies your application, it will automatically consider you for the regular BP card.
Information You'll Need Regardless of where you apply, the application asks for the same information. Provide your name, address, phone number, email address, date of birth, Social Security number and mother's maiden name. If a store employee gave you a brochure, you can enter his employee number on the application as well. You'll also enter what types of financial accounts, either savings, checking or both, you hold; residence status; gross annual income; source of income; and employer's name.
Considerations When applying online, you can opt to transfer any balances from another card, except any other Chase card. Enter the account number and the amount you want to transfer. Be aware that as of 2015, balance transfers incur a fee of the greater of $5 or 3 percent of the transfer amount. (Reference 2) The transfer balance amount cannot exceed the credit limit on the card or $15,000, whichever is less. Both the paper and the online application allow you to add up to five additional users as no extra cost. Just include their full name on the application. (Reference 3)