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BP Visa® Rewards Card
Issued By: Chase |
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Zero Liability Against Unauthorized Purchases
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Online Account Management
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No Annual Fee
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0% APR for Up To 6 Months on Purchases and Balance Transfers
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There's No Limit to the Amount of Rebates You Can Earn!
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Earn Up To 5% in Rebates after the Introductory Period
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Earn Up To 10% in Introductory Rebates
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CreditCard49 Rating
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Intro APR |
Intro APR Period |
Regular APR |
Annual Fee |
Intro Good On |
Credit Needed |
0.00% |
6 months |
15.240% |
none |
Purchases, Balance Transfers |
Limited or No Credit |
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Card Info Last Reviewed 2007-04-23 |
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Our Review
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. 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. Plus, during the first two billing cycles, all the rebates are doubled. 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.
The card has no annual fee, it offers a 0% introductory rate on both purchases and balance transfers for the first six months, and the APR for purchases and balance transfers is reasonable after the introductory rate expires. It is important to note the card applies the "Two Cycles Average Daily Balance" method for carried balances, which ends up costing more to maintain an occasional balance as compared to the "Average Daily Balance" method used by many credit card issuers.
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.
Therefore, those who can afford to pay in full each month (to avoid finance charges) 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.
Additional Perks
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.
Notations
The APR for purchases and balance transfers varies according to the applicant's credit history and will be 6.99%, 10.99% or 14.99% + Prime Rate.
See website for complete terms and conditions of card usage and application disclosure.
View Website Details
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