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The Chase BP Credit Card, is
designed for those who have very good credit and plan to take advantage of the
gas reward program.
Through the BP rewards program, cardholders earn rebates that can be applied towards
free gasoline at BP gas stations or cash back.
During the first two billing cycles, all the rebates are doubled. You can 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.
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.
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 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
Credit Card has to offer.
Review Date: May 1st, 2007 |