Citibank BP Credit Card – Details and Application
Drive your savings further with the BP Credit Card that gives you automatic savings on everything you buy. A credit card that gives you automatic savings on everything you buy anywhere.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
0% p.a. for 6 months |
|---|---|---|
| Interest Rate on Purchases | |
20.89% p.a. |
| Annual Fee | |
$89 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.39% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$30,000 p.a. |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
Yes |
With the BP-Citibank MasterCard the money you save is simply credited to your account.
- 10% cashback for the first $600 you spent per month at BP
- 0.5% off everything else you buy anywhere
- 0% p.a. for 6 months on balance transfers
- Interest rate of 20.89% p.a. for both balances and cash advances
- Annual fee of $89
Requirements:
- At least 18 years of age
- Have a good credit rating
- Earn a taxable income of $25,000 per year or more
- Permanent resident of Australia
Citibank BP Credit Card Benefits
The BP card is especially beneficial for people who:
- Purchase petrol and other items at BP.
- Don’t like reward programs and would rather just get a discount where ever you shop.
Subject to your acceptance you will be billed an annual account fee which is currently $89 for the Primary BP-Citibank MasterCard, and $30 for an Additional BP-Citibank MasterCard.
Don’t miss out on petrol savings if you do not have a Coles or Woolworth/Safeway supermarket nearby. You can still benefit from petrol discounts by having a BP Citibank MasterCard.
The BP Citibank MasterCard offers a 5% cash-back rebate on your credit card when purchasing petrol or other goodies from a participating BP outlet. This card is just the ticket if your family has a number of cars because everyone can save on the fuel.
With a 5% discount, instead of a basic 4c litre, you are still a winner if the price of petrol goes up. That is an attractive feature. There is no minimum spend to get your 5% as there is with the 4c litre bonus where you have to spend $30 on groceries before you get the discount voucher.
Savings for Small Businesses and Families with Cars
Small businesses and families with several cars really are the gainers with this discount card.
If a small business has fleet of vehicles there are substantial savings in their petrol costs. All it means is that when you apply for your card you need to apply for some additional cards (at a cost of $30 each per year) and then you can be saving 5% in all your vehicles.
Similar savings apply to a family with several vehicles, all it requires is that each person carries the additional card and then every family member can benefit from the 5% discount. No longer do they need to be carrying around shopping dockets, or even worse still trying to remember to take the docket with them.
There is a limit though, of $600 a month total on BP station purchases which gives a rebate of $30 a month. The 5% is on petrol and other purchases but a total of $600 per month spend is not a bad total to work with.
Also available on this card is 0.5% rebate on purchase from other merchants, but unless you are spending a few thousand dollars a month this does not equate to much and would probably only be attractive to a small business that pays a lot of bills with their credit card.
A point to remember when transferring balances is that any monies you pay off the card is taken off the transferred balance first. That means that until the transferred balance is fully paid down, any new purchases will stay on the card as a continuing balance and there will be interest charged against it.
There is another benefit of the BP Citibank MasterCard and that is that is has discounts through partners and access to Citibank World Privileges.
When considering a credit card application, check out the features of the BP Citibank Credit Card against other cards and choose the card that has the best overall options for your use.BP Petrol
Read the official terms and conditions
| Minimum Income | $30,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $2,000 | Max Credit Limit | $25,000 |
| Annual Fee | $89 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $40 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | $0 | Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal | $5 | Foreign Currency Conversion Fee |
| Rewards Points per Dollar | 0.05 Point(s) | Points needed for Syd/Mel Return Flight | |
| Points needed for $100 Voucher | 8300 |
I am looking for a credit card with no annual fees and have the BP discount or
Shell for that matter thank you
Hey Gae, thanks for your query.
After looking around, the closest thing I could find to a BP discount card with no annual fees was:
http://www.creditcardfinder.com.au/citibank-bp-credit-card.html
Which comes with BP discounts, and no annual fees for the first year.
The offer ends June 2008 and it doesn’t look like there’s much more than that for the moment, I’ll keep you updated anything else better is released.
Thanks,