Rewards based credit cards make perfect sense for those who are looking to enjoy ease and flexibility while also benefitting from the chance to make a little something back when it comes to their credit card use. The Chase BP VISA with Pump Rewards credit card is one such card, and is ideal for those who tend to travel by road and therefore tend to purchase a lot of gas. With rewards based credit card, users are able to enjoy all of the freedom and security that comes with making purchases on their cards. At the same time, they are able to actually benefit from using the card by earning specific rewards to help them to save money or benefit in some other way.
With the Chase BP VISA with Pump Rewards credit card, you will be able to benefit from being able to get gas rebates on purchases that you make. This means that you can save money at the pump, which makes travelling by road far more affordable depending on the amount you use the card and therefore the amount you earn back in terms of your rebates. This can prove to be a very useful card for those who tend to fill up their tanks on a regular basis and by large amounts, making it the perfect financial companion if you want to make savings on your gas purchases.
Who can benefits from the Chase BP VISA with Pump Rewards?
The Chase BP VISA with Pump Rewards is a rewards based credit card that will suit users who want the ease and convenience that comes with credit card use and who tend to fill up their vehicle on a regular basis. If you spend a lot of time driving, whether for business or pleasure, you will be able to enjoy the savings you can make with the gas rebates that are available when you use this credit card. However, you also need to bear in mind that in order to truly benefit from this card you will need to be one of those who clears the balance on the credit card in full within the interest free period otherwise any rebates you earn on gas purchases will be dwarfed by the amount of interest you will be charged on any outstanding debt you carry over.
If you tend not to repay the balance on your credit card within the interest free period each month, it is probably advisable to look at an alternative credit card such as a 0 percent interest one. This will enable you to avoid paying interest at all providing you pay off the credit card debt by the specified time. If, however, you do repay your card balance in the standard interest free period the Chase BP VISA with Pump Rewards could be perfect for your needs. If you do not tend to travel by road much and therefore you don’t have to use a lot of gas, this credit card is unlikely to benefit you at all, as the rewards are focused around rebates on the cost of gas. Non-drivers and those who do not use that much gas can therefore look at alternative rewards based credit cards that might be better suited to their needs.
Key benefits and features of the card
In order to determine the suitability and effectiveness of any credit card, you need to ensure you take the time to check the benefits and features of the card so that you can work out whether it will fit in with your needs and circumstances. When it comes to the Chase BP VISA with Pump Rewards card, you will be able to benefit in a number of ways. Some of the features of this card include:
No annual fee: There are many rewards based credit cards on the market that charge hefty annual fees, which can be off-putting for many people. With the Chase BP VISA with Pump Rewards card you won’t have to pay any annual fees, which means that you can benefit from greater value when it comes to using your card.
Initial bonuses: When you use this credit card, you will be able to benefit by earning rebates of 25 cents per gallon for every $100 purchased during the first sixty days. This excludes purchases made at non-BP stations.
Ongoing bonuses: Once the first sixty days has passed, you will be able to benefit from earning rebates of 15 cents per gallon for every $100 in purchases at BP stations.
Other bonuses: For every $100 made in purchases elsewhere, you can earn rebates of 5 cents per gallon. This excludes purchases made at non-BP gas stations.
In short, this rewards based credit card focuses on cents per gallon rebates, which means that you can make savings directly at the pump by using these rebates to fill up your vehicle. The nature of the rewards that you receive with this credit card make it ideal for those who tend to travel by car or other vehicle and therefore need to use a lot of gas.
Other factors to take into consideration
If you are considering applying for the Chase BP VISA with Pump Rewards credit card, there are also other factors that you need to take into consideration. This includes the rate of interest that is charged on the credit card, which stands at 20.24 percent variable. However, ideally you should be repaying the balance on your credit card in full each month within the interest free period, which means that you will be able to avoid paying any interest at all while still benefitting from the rebates that you can earn on this card.