BP announces a new promotion for its exclusive Chase credit card, the BP Visa, offering new customers a 10 percent rebate on all BP purchases within the 60 day promotional period. Chase Bank U.S.A., NA, is the credit card division and subsidiary of JPMorgan Chase & Co. [NYSE: JPM].
The 10 percent rebate translates into cents off per each gallon of gas. For example, if a driver were buying gasoline for $3.50 per gallon, that would be a 35-cent rebate with each gallon of gasoline. In addition, all new BP Visa cardmembers immediately enjoy double rebates earning four percent on eligible travel and dining purchases and two percent on most other purchases.
âThe holidays are quickly approaching and soon we’ll all be busy with gift giving and traveling to see friends and family,â said Dave VanWiggeren, cards marketing manager, BP. âWho couldn’t use some extra cash in their pockets? With the BP Visa card’s rebate offer, cardmembers can earn rebates on all their purchases this holiday season.”
Donna Barrett, retail general manager, Chase Card Services, said: âChase has been happy to serve BP customers for over three years. We believe that in this economic environment, it is helpful to illustrate how the rebate will transfer directly to savings at the pump and on all other purchases. We are confident consumers will be interested in the many rewards that come with using the Chase BP Visa card.â
While gasoline rebate cards continue to grow in popularity, it’s important to know that not all cards are created equal. Chase and BP have developed a unique rewards program for BP Visa cardmembers. Because the card is exclusive to BP, the gasoline rewards received are higher than most other gasoline rewards cards. BP Visa cardmembers will continue to receive rewards after the close of the promotional period, earning five percent on all BP purchases, and two percent on all eligible travel and dining, and one percent on virtually all other purchases.
Cardmembers also have the opportunity to decide how they would like to redeem their rewards. For every $25 earned in rebates, members can choose to receive a $25 BP gift card, a personal check or make a donation to The Conservation Fund, an environmental charity.
Evidence shows that BP-branded marketers benefit from the very competitive product offer. âBP Visa cardmembers go from visiting BP for roughly 35percent of their fueling trips to 70percent after receiving the card,â states VanWiggeren.
New BP Visa credit cards can be opened by going to www.choosebp.com or stopping by a BP location for an application.
BP markets more than 15 billion gallons of gasoline every year to U.S. consumers through more than 10,000 BP and ARCO branded retail outlets and supplies more than four billion gallons of fuel annually to fleets, industrial users, auto and truck manufacturers, railroads and utilities.
BP is the single, global brand formed by the combination of the former British Petroleum, Amoco Corporation, Atlantic Richfield (ARCO) and Burmah Castrol. BP is a global producer, manufacturer and marketer of oil, gas, chemicals and renewable energy sources.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.8 trillion and operations in more than 60 countries. The company has more than 157 million credit cards issued. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers and businesses in the United States and many of the worldâs most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.