5 Things to Know About the BP Credit Card

It's a step above other co-branded gas cards because it earns competitive and flexible rewards on spending outside of the brand, including groceries and dining.

Melissa Lambarena is a senior writer on the credit cards team at NerdWallet. She has enthusiastically covered credit card-related topics for over seven years. Her prior experience includes nine years as a content creator for several publications and websites. Through her work, she aims to help readers extract value from credit cards to meet financial goals like stretching their budget, building credit, traveling to dream destinations and paying off debt. She explores these topics in the Millennial Money column featured in The Associated Press. Her work has also appeared in The New York Times, Chicago Tribune, The Washington Post, USA Today and Yahoo Finance, among others. Melissa has a bachelor’s degree in sociology from the University of California, Los Angeles.

Kenley Young
Assigning Editor | Credit cards, credit scores

Kenley Young directs daily credit cards coverage for NerdWallet. Previously, he was a homepage editor and digital content producer for Fox Sports, and before that a front page editor for Yahoo. He has decades of experience in digital and print media, including stints as a copy desk chief, a wire editor and a metro editor for the McClatchy newspaper chain.

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The BPme Rewards Visa Signature Card, issued by First National Bank of Omaha , stands out among other ho-hum co-branded gas station credit cards.

Yes, the card can help you save money at hundreds of BP and Amoco gas stations across the United States, but it's more than just a "cents-off-per-gallon" companion for brand loyalists. Unlike many other cards in this class, the BP credit card also earns competitive, flexible rewards on spending outside of the BP brand — namely on groceries and dining, two other major line items in household budgets.

It's hard to find a $0-annual-fee credit card that earns good rewards across all three of those popular categories. The BP credit card is the rare case of a co-branded gas credit card that could also be a legitimate top-of-wallet option for everyday use.

Here's what else to know about the BPme Rewards Visa Signature Card.

1. Expect discounts and rewards at BP and Amoco locations …

Since the BP credit card is a co-branded gas card, let's start by talking about its fuel-related benefits, which are entwined with BP's "BPme Rewards" loyalty program. You can join that program with or without the BPme credit card, but holding the card makes the loyalty program more valuable. An account for the loyalty program is automatically created for you upon approval. All you have to do is set the password.

Here's what to expect:

But members who also have the BPme credit card can save 15 cents per gallon at BP or Amoco stations — 5 cents from the loyalty program, plus 10 cents from the BP credit card.

New cardholders are also eligible for the following offer: Earn 30 cents off every gallon of BP and Amoco fuel purchases in the first 60 days after account opening.

The BPme Rewards Visa card also earns 5% cash back on non-fuel purchases at BP and Amoco stores (including convenience store and car wash purchases). Terms apply. For instance, BP fuel purchased with a mobile wallet like Apple Pay may not receive the cardholder discount, depending on the payment system.

2. . plus hearty rewards on food and more

Beyond gas and convenience store purchases, the BP credit card also earns rewards in the following categories:

1% cash back on all other qualifying purchases outside of the discounts on eligible fuel purchases. (That is, you can't combine this 1% rate with the 15-cents-per-gallon discount at BP and Amoco stations.)

Since heavy spending in these everyday categories is likely, you can amass rewards quickly. And better yet, unlike other cards, the BP credit card doesn't impose spending caps on rewards.

3. Reward redemptions are flexible

Technically, the BPme Rewards Visa Signature Card earns "points," but those points are worth the industry standard of a penny each. And unlike other co-branded credit cards, you'll have various redemption options, including cash back.

You can get that cash back through a statement credit, a deposit into an eligible bank account, or a mailed check. (For cash back, there is a minimum required redemption of 2,500 points, or $25).

Other redemption options include gift cards, merchandise and travel experiences.

Note that points will expire on or after the fifth anniversary of their award or if the account is closed for any reason.

4. The APR for purchases is sky-high…

With an annual percentage rate of 30.99% (as of September 2023), it's critical to avoid carrying an ongoing balance on this card. If possible, pay the balance in full monthly to avoid these charges.

If you're in the habit of carrying a balance, look to a low-interest credit card instead. It's worth the savings you'll get in the form of interest versus rewards.

5. . and so is the APR for balance transfers

While the BPme Rewards Visa Signature Card features a balance transfer option, it's lousy. In fact, the steep 30.99% APR it charges on transferred balances may make matters worse.

NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.

NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.

You might qualify for better offers with good credit (a FICO score of 690 or higher). For example, a credit card like the Blue Cash Everyday® Card from American Express offers a 0% intro APR for 15 months on purchases and balance transfers, and then the ongoing APR of 19.24%-29.99% Variable APR . It, too, features rewards on everyday spending, including at U.S. gas stations and U.S. supermarkets. However, those rewards wouldn't necessarily be ideal to pursue until you've paid off your transferred debt. Terms apply; see rates and fees .

For a longer interest-free window, consider the Wells Fargo Reflect® Card . It doesn’t offer rewards, but you can get a 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers, and then the ongoing APR of 18.24%, 24.74%, or 29.99% Variable APR .

That's one of the longest balance transfer offers on the market.

You’re following Melissa Lambarena
Visit your My NerdWallet Settings page to see all the writers you're following.

Melissa is a credit cards writer at NerdWallet. Her work has been featured by The Associated Press, New York Times, Washington Post and USA Today. See full bio.

On a similar note.

Download the app

Disclaimer: NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product's site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution's Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.

NerdUp by NerdWallet credit card: NerdWallet is not a bank. Bank services provided by Evolve Bank & Trust, member FDIC. The NerdUp by NerdWallet Credit Card is issued by Evolve Bank & Trust pursuant to a license from MasterCard International Inc.

Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations.

NerdWallet Compare, Inc. NMLS ID# 1617539

California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812

Insurance Services offered through NerdWallet Insurance Services, Inc. (CA resident license no.OK92033) Insurance Licenses

NerdWallet™ | 55 Hawthorne St. - 10th Floor, San Francisco, CA 94105