BP Rewards Visa® Review

The BP Rewards Visa® is a no-annual-fee gas card for bp and Amoco drivers, renamed from BPme Rewards Visa® in 2024 when bp’s loyalty program moved to earnify™. Cardholders report a combined $372 to $387 a year in real value on a realistic spending profile, no annual fee, no balance to think twice about.

Issued by First National Bank of Omaha, the card pairs an automatic per-gallon fuel discount at bp and Amoco pumps with points on everyday categories like groceries and dining. Based on verified issuer data, this review walks through exactly what that’s worth, and who it’s worth it for.

It’s not a premium travel card, and it doesn’t pretend to be. It’s built for a specific driver: someone who fuels regularly at bp or Amoco and wants decent points everywhere else too.

Who This Card Is For

This card’s value depends heavily on one thing: whether you actually buy fuel at bp or Amoco stations.

For a driver fueling 50 gallons a month at bp or Amoco, spending $50 a month on non-fuel purchases there (convenience store items, car washes), $400 a month on groceries, and $200 a month on dining and food delivery, this card earns $282 a year in points plus $90 to $105 a year in fuel discounts, a combined $372 to $387 a year depending on the year. That’s the target profile this card is built for.

A driver who rarely visits bp or Amoco pumps loses the fuel discount entirely and drops out of the 5x non-fuel bp/Amoco category too. On just the grocery, dining, and base-rate points from that same profile, $144 plus $72 plus $36, this reader still earns $252 a year, respectable for a $0-fee card, but a dedicated grocery or dining card likely beats it on those categories alone.

Frequent international travelers should look elsewhere. The 3% foreign transaction fee erases value fast abroad, and this card offers nothing travel-specific, no lounge access, no travel insurance, to offset it. Anyone shopping by fuel-rewards category first should also check Best Credit Cards for Gas for how this card stacks up against the field.

bp rewards Visa®’s issuer doesn’t publish a minimum credit score, so approval odds are hard to gauge going in; see What Is a Good Credit Score to Get Approved for a Credit Card? for general guidance.

Is There a Welcome Bonus?

Not in the traditional points-or-cash-back sense. There’s no minimum spend to qualify, no “spend $X in Y months” fine print, since the discount applies automatically from day one.

The closest thing to a welcome perk is the card’s elevated introductory fuel discount: 30 cents off per gallon at bp and Amoco pumps for the first 60 days after account opening, compared to 15 cents off per gallon ongoing. On 100 gallons bought during that 60-day window, that’s $15 more than the standard rate would have paid out over the same fuel.

That $15 boost isn’t the headline number worth tracking, though. The real net first-year value, combining $282 a year in points with $105 in first-year fuel discounts (the elevated 30-cent rate for roughly two months, 15 cents for the remaining ten), comes to $387. There’s no annual fee and no bonus-value formula to run against a dollar amount that doesn’t exist here, just that $387 total.

Earning Rewards: The Math

The BP Rewards Visa® earns points on everyday spending, plus a separate, automatic per-gallon fuel discount that isn’t part of the points system at all.

Points are valued at a penny each throughout this review, the editorial default for a generic points program with no named transferable currency or premium redemption path. Add up the four rows and this reader earns $282 a year in points alone.

Fuel at bp/Amoco pumps works differently: 50 gallons a month times 15 cents a gallon ongoing comes to $90 a year (30 cents a gallon for the first 60 days works out to $105 in year one instead). That’s cash off at the pump, not points, tracked and redeemed separately from everything in the table above.

Put together: $282 a year in points plus $90 to $105 a year in fuel discounts equals $372 to $387 a year total, depending on whether it’s the first year or an ongoing one.

Here’s what that looks like against a flat cash-back card. Total monthly spend across every category here, including an assumed $3.50 a gallon for fuel, comes to $1,125 a month, or $13,500 a year. A flat 2% cash-back card earns $270 a year on that same spend. This card earns $282 a year in points alone on the identical spend, before counting the $90 to $105 a year fuel discount on top, modestly ahead on points and meaningfully ahead once the fuel discount is added in, as long as that fuel gets bought at bp or Amoco.

Redeeming Rewards

Points redeem for cash back, an account statement credit, gift cards from major retailers, or travel experiences, per the issuer’s own program terms.

Cash back and statement credit are the simplest, most reliable way to get value here: no stated minimum balance or expiration was found in research for this redemption path, and there’s nothing to calculate or second-guess. Treat it as the default redemption choice.

Gift cards and “travel experiences” redemptions are the ones to watch. Generic bank-style points programs like this one typically pay out less value per point through those options than through cash back or statement credit, though no specific devaluation figure for this program was found in research. Rather than guess at a number, the honest guidance is simpler: stick to cash back or statement credit unless a specific gift-card or travel redemption clearly beats a penny a point on its face.

Complexity here is low. There’s no portal to shop through for maximum value and no transfer partners to research.

Fees and Costs

This card carries $0, no annual fee at all, and nothing to break even against since there’s no fee to offset.

The purchase APR is a steep 32.24% variable, and the same 32.24% variable rate applies to balance transfers and cash advances too — there’s no lower introductory rate on any of the three. Balance transfers also carry a fee of $10 or 5% of the transferred amount, whichever is greater. That’s high even by gas-card standards, and it makes this a card to pay off in full every month rather than one to carry a balance on.

Foreign transaction fee: 3%. In practice, that means a 3% foreign transaction fee applies to every purchase made outside the US, worth planning around before any trip abroad; see What Is a Foreign Transaction Fee? for how that cost adds up.

Pros and Cons

Pros:

• No annual fee
• Automatic 15-cent-per-gallon discount at bp and Amoco pumps, 30 cents for the first 60 days
• 3x points on groceries and dining and food delivery, not just fuel
• Usable anywhere Visa is accepted, not locked to bp and Amoco

Cons:

• 3% foreign transaction fee
• Base rate on non-bonused purchases is just 1x
• High 32.24% variable APR on purchases, balance transfers, and cash advances, with no introductory rate to offset it
• No published credit-score minimum, which makes approval odds hard to assess upfront

How It Compares

The closest direct competitor is Exxon Mobil Smart Card+™, another $0-annual-fee gas-brand card blending a per-gallon discount with bonus categories.

BP Rewards Visa® is the better pick for someone who also wants real points on groceries and dining and wants a card usable everywhere, not just at one brand’s pumps. Exxon Mobil Smart Card+™ edges it on pure per-gallon savings for premium fuel, but it’s closed-loop, earning $0 anywhere outside Exxon and Mobil.

Drivers who don’t care about brand loyalty at all, and just want a flat rate everywhere, should also look at Wells Fargo Active Cash® or Citi Double Cash®. Both earn a flat 2% with no brand lock-in, $270 a year on this reader’s $13,500 in annual spend, less than this card’s $372 to $387 a year once the fuel discount counts, but with no dependence on where that spend happens.

Nick’s Verdict

Based on verified data, the BP Rewards Visa® returns $387 net in year one and $372 a year ongoing for a reader buying 50 gallons of fuel and $50 in non-fuel purchases at bp or Amoco each month, plus $400 in groceries and $200 in dining and food delivery monthly, all with no annual fee.

Apply for this card if you fuel regularly at bp or Amoco and want solid points on groceries and dining on top of that. Skip it if you’re a frequent international traveler who’ll eat the 3% foreign transaction fee, or if you never buy fuel at bp or Amoco at all; the card still works everywhere Visa is accepted, but it loses its main edge the moment fuel spend moves elsewhere.