Petrol Credit Cards

Best Petrol Credit Card

The Citibank BP Credit Card is currently the best petrol credit card as it gives you a 5% cash rebate on everything you buy for the first $600 you spend. You could save over $1,000 with a balance transfer to the Citibank BP. Apply today and receive $25 cash back.

• $79 annual fee
• 20.89% p.a. on purchases
• 1.9% p.a. for 12 months on balance transfers
• Cash Advance Rate of 20.89%
• 5% cash back on first $600 you spend
• 0.5% for the first $5,000 you spend each month (a saving of $300 per annum)

Click here to read the Citibank BP Card terms and conditions

For the time being, there are 3 petrol credit cards on offer to Australia, the Woolworths Everyday Money Card, Citibank BP MasterCard & Coles Group Source MasterCard:

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
Citibank BP Card	Earn 5% cash-back on your purchases for the first $600 worth of purchases you make on your card. On-going cash back rate is 0.5% for the first $5,000 you spend each month	20.89%	20.89%	1.9% for 12 months	$79	55
Woolworths Everyday Money	Earn up to 3 reward points for every $1 you spend^ on your Everyday Money card, every 4 months, if you have enough points, you will automatically be sent a shopping card.	19.49%	20.99%	0% for 6 months	$0 for the first year ($49 per year after that)	55
Coles Group Source MasterCard	Save on petrol and earn more FlyBuy points. Offers a unique 62 interest free days on purchases combined with great rewards and a zero interest balance transfer for 6 months.	20.24%	21.99%	0% for 6 months	$0	62

Woolworths Everyday Money Details:

Find out what the Woolworths Everyday Money™ credit card has to offer the canny consumer. Make the most of your purchases with one of the most highly praised rewards schemes on the market.

The Woolworths Everyday Money™ credit card is a loyalty rewards card that has gained great praise since its inception. The idea is that you earn points wherever you shop, but you earn more points for making purchases at Woolworths group stores or partner stores.

If you have earned sufficient points, every four months you receive a shopping card that can be used in Woolworths group stores. Shopping cards are sent out in minimum values of $20, which is the equivalent of accumulating 3,448 points. After that, they increase in $5 increments (862 points). Any points that do not go towards your shopping card for the previous four months are carried over and count towards your shopping card for the next four month reward period.

To make sure you earn the maximum amount of points, you just need to use your Woolworths Everyday Money™ credit card whenever you make a purchase, and try to make those purchases in the stores that will reward you the most.

To top it all, there is an excellent annual fee of $0 for the first year ($49 per year after that). Oh, and you can also enjoy a balance transfer offer of 0% p.a. for 6 months.

Key features of the Woolworths Everyday Money™ credit card

With the Woolworths Everyday Money™ credit card you get all these features:

• No annual fee for the first year, and only $49 in subsequent years
• 0% p.a. for 6 months on balance transfers
• Purchase rate of 19.49%
• Cash advance rate of 20.99%
• 55 interest-free days on purchases
• Free additional cardholder
• Chip security
• MasterCard PayPass
• Choose from four card colours: black, pink, blue and green
• 3 reward points for every dollar spent on Woolworths Select products purchased at Woolworths or Safeway Supermarkets, excluding online purchases
• 2 reward points for every dollar spent on other products purchased at Woolworths or Safeway Supermarkets, BIG W, CALTEX WOOLWORTHS/SAFEWAY co-branded fuel outlets, epump, Woolworths/Safeway Liquor, BWS, Dan Murphy’s, Thomas Dux, and participating Dick Smith and Tandy stores
• 1 reward point for every dollar spent elsewhere on other purchases
• Pay at the pump with your Woolworths Credit Card at participating CALTEX WOOLWORTHS/SAFEWAY co-branded fuel outlets and earn 2 points for every dollar you spend using epump

Applying for the Woolworths Everyday Money™ credit card to apply for this special card will take you just 10 to 15 minutes. You will need:

• Personal details, including driver’s licence number
• Contact details, including address, phone numbers and email address
• Employment details, including time in current job
• Details of income and expenditure

You must also satisfy some basic criteria, namely:

• You must be over 18 years of age
• You must have a good credit rating
• You must be a permanent Australian resident
• You must earn a minimum taxable annual income of $20,000

Click here to read the official terms and conditions

Citibank BP MasterCard Review:

While being only one of a few petrol discount cards in Australia, it is by no means uncompetitive. If you spent:

• $125 at BP on petrol a month
• $750 paying your bills and other purchases on your BP MasterCard, you’ve saved:
• $86 for the whole year: including offsetting the annual fee.

If you’re a frequent BP customer, or just all round frequent credit card user, you’ll understand the potential for $100’s saved.
*Note: Calculations made using old 1% off purchases figure. Current rate 0.5%.-

Who isn’t the card suitable for?

Like any card with a reward’s program or cash-back offer, if you don’t use your credit card regularly enough to at least offset the annual fee, then pass and apply for a low interest credit card instead.
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What are some of the catches associated with the card?

• The 5% discount at BP is capped at the first $300 of each new statement period. For petrol and petrol station groceries, it’s still quite a high cap. After $300, the discount reverts to 0.5%.
• The 0.5% cash-back offer everywhere else is limited to the first $5,000 spent per month.

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Click here to read the official terms and conditions

Citibank BP MasterCard Terms & Conditions

Subject to your acceptance you will be billed an annual account fee which is currently $79 for the Primary BP-Citibank MasterCard, and $30 for an Additional BP-Citibank MasterCard.

* The p.a interest rate applies only to balances transferred with this offer and applies for 12 months from account opening. Transferred balances will be repaid first. Any transactions made other than with this offer are at the standard Credit Card rate, currently p.a., which is variable, subject to change and Citibank’s credit criteria. Interest rate last updated 27/03/2008

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? 5% cash back rebates with BP is limited per account to the first $600 you spend at participating outlets each Statement Period.

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† All other Retail Purchases and bill payments (excluding purchases at any fuel outlet including BP) made using your Card will give you 0.5% cash back rebate on the first $5,000 spent on your Account during any monthly Statement Period from the date you are enrolled in the Rewards program. All cash back rebates will be automatically credited to your Account at the start of the next Statement Period.
The cash back rebate amount earned in your monthly Statement Period (Eg. Nov 15-Dec 14) will be reflected in a cash back summary on that month’s statement (Eg Dec statement). This cash back rebate will then be credited on the first day of the next Statement Period. (Eg. Dec 15). Accumulated benefits are forfeited if the account is suspended or closed.

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# Actual credit limit will be assigned based on Citibank credit criteria subject to confirmation that you earn a minimum of $20,000 p.a. and subject to your credit rating. Credit limit is up to $25,000 at point of initiation.

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º Citibank World Privileges – payment must be made using Citibank Credit Cards. Privileges cannot be used in conjunction with any other promotional programs or offers. Citibank and the business establishment reserve the right to change the terms and conditions at any time. Refer to worldprivileges.citibank.com for up to date offer details.

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5 Purchase Cover is underwritten by Zurich Australia Insurance Ltd (ABN 13 000 296 640 AFSL No. 232507) and is subject to the Terms and Conditions and exclusions contained in the Policy of Insurance. Please refer to the Terms and Conditions sent to you at card opening for a full explanation of cover and exclusions.

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6 CreditShield® is underwritten by MetLife Insurance Ltd (ABN 75 004 274 882 AFSL No. 238096) and is subject to the Terms and Conditions and exclusions contained in the Policy of Insurance.

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** Transit Accident Insurance is underwritten by Zurich Australia Insurance Ltd (ABN 13 000 296 640 AFSL No. 232507) and is subject to the Terms and Conditions and exclusions contained in the Policy of Insurance. Please check the Policy conditions to ensure eligibility for cover. Please refer to the Terms and Conditions for a full explanation of cover and exclusions.

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© BP ABN to 5300 4085 616. BP and the Helios Design are registered trademarks of BP PLC and licensed to BP Australia Pty Ltd for use in Australia.

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© 2009 Citigroup Inc ABN 88 004 325 080, AFSL 238098. Citigroup, Citibank and Arc design are registered trademarks of Citigroup Inc. and are used and registered throughout the world.

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GE Money & Coles Group Source MasterCard Review:

Find out why the GE Money & Coles Group MasterCard is such a generous credit card. Check out its great package of features that are rarely found together on one credit card.

The GE Money & Coles Group MasterCard is a pretty unique credit card in today’s market. It offers such a variety of great features that it looks like several credit cards have become all mixed up in one by mistake.

Firstly, there is an introductory offer on balance transfers of 0% p.a. for 6 months when the account is open. As is normal with balance transfer offers, this is valid on transfers from credit cards issued by other providers only. Whilst there was recently a good choice of these 0% six month deals, very few now remain, so the GE Money & Coles Group MasterCard is something of a coup for the canny customer.

What is even more unusual is to find such a balance transfer deal on a card that does not charge an annual fee. No annual fee credit cards are generally no-frills cards that offer little more than the opportunity to save on the yearly account management charge. They normally do not offer such attractive introductory offers.

As for the number of interest-free days available on the GE Money & Coles Group MasterCard, you don’t get the normal 44 or even 55 days; instead you can enjoy up to 62 days interest-free on your purchases, giving you even more time to settle your bill in full and thus avoid interest charges. This not a case of keeping up with the competitors because this is not seen on other credit cards. In fact, certain no annual fee credit cards do not even offer any interest-free days, which is a means of attempting to recoup a little money from you should you actually be impertinent enough to use your credit card for anything.

Another benefit of the GE Money & Coles Group MasterCard is that it offers rewards as well. Again, this is not the norm on a credit card that does not charge an annual fee. With these rewards, you can earn FlyBuys points and also save on your fuel purchases. A final bonus is that you can enjoy regular interest-free offers throughout the year on selected purchases at certain Coles group stores.

Key features of the GE Money & Coles Group MasterCard

• 0% p.a. for 6 months on balance transfers
• $0 annual fee
• Up to 62 days interest-free
• Regular savings on fuel – just follow 4 simple steps to save 8 cents per litre on fuel
• Earn more FlyBuys points – Earn 2 FlyBuys points for every $5 spent on your linked Coles Group Source MasterCard at Coles group stores, and also receive your standard FlyBuys points at participating outlets when you present your FlyBuys card when you make your purchase
• Interest-free offers – Take advantage of regular special offers such as 3, 12, 24, 36 and 48 months interest-free on selected purchases at participating Coles group stores
• Enjoy special shopping offers and invitations to shopping events
• 20.24% p.a. interest on purchases
• 21.99% p.a. interest on cash advances

If the GE Money & Coles Group MasterCard sounds attractive – and why wouldn’t it with such a combination of features – then why not make an application today?

Click here to read the official terms and conditions