New BPme Rewards Visa Credit Card can help you save money at the pump

It's no secret that gas prices remain high this summer, and you're likely searching for ways to save at the pump. There are a number of popular credit cards for gas purchases, but one major brand recently launched a new credit card that could be a good option for filling up at thousands of stations around the country.

With a quality earning rate and discounts on gas, the new BPme Rewards Visa Credit Card can help you save on your road trips this summer (and beyond).

In order to decide whether it merits a place in your wallet, let's look at this new card's features and the value you can get from the current sign-up bonus.

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BPme Rewards Visa Credit Card benefits and perks

The BPme Visa card is issued by First National Bank of Omaha and can be issued as a Platinum Edition Visa Card or a Visa Signature Card, depending on your creditworthiness and credit limit you are given upon account approval.

Cardmembers can enjoy benefits like free access to their FICO credit score, zero liability for fraud on the account, roadside dispatch through Visa and multiple ways in which to redeem rewards. Options include cash back, statement credits, gift cards from major retailers and travel experiences.

There are no limits to rewards-earning, and the card has no annual fee. However, there is a 3% foreign transaction fee — so this won't be your best bet for purchases outside the country.

The cardmember perk that you may be most interested in is the automatic discount of 15 cents per gallon on all BP and Amoco fuel purchases made in the U.S. using your card. This is a built-in perk of holding the card, and it's automatically applied to the price at the pump.

Related: Gas prices continue to surge as summer travel begins: 5 ways to save at the pump

However, this discount is even higher for new cardholders.

The information for the BPme Visa card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Sign-up bonus

Rather than a stash of points or a one-time, cash-back bonus, the BPme Visa card has an introductory offer of 30 cents off every gallon of fuel purchased at BP and Amoco gas stations in the first 60 days after account opening. This is double the discount that you'd ordinarily receive.

Of course, the exact value of this sign-up bonus will depend on how much gas you purchase during those 60 days. Purchasing 100 gallons of fuel during the introductory period would make your welcome bonus worth $30. However, the bonus would be worth $300 if you purchase 1,000 gallons of gas in those 60 days.

After the introductory period, the standard discount will apply. Cardholders will continue to earn 15 cents off per gallon at BP and Amoco gas stations in the U.S.

You can find locations here.

For context, at the time of publication (July 11, 2022), AAA put the average price of a gallon of regular, unleaded gas at $4.678. This means that you'd effectively be earning 6.4% back on these purchases for the first 60 days, and 3.2% back thereafter.

Earning structure

Beyond the automatic discounts on gas purchases at BP and Amoco stations, BPme Visa cardholders can earn cash back across a number of other merchants:

• 5% cash back on non-fuel purchases at BP and Amoco stores (including convenience store and car wash purchases).
• 3% cash back on grocery purchases.
• 3% cash back on dining purchases (including restaurants, takeout and food delivery services).
• 1% cash back on all other qualifying purchases.

For those interested in cash-back rewards, these earning rates on groceries and dining are quite solid.

However, it's important to note that you do not earn rewards on fuel purchases at BP and Amoco, since you are already receiving a discount (detailed above). You also won't receive the fuel discount if you pay with a mobile wallet, as these purchases will be treated as "all other purchases" and earn 1% back. You can read the full terms of the card and its rewards program here.

Bottom line

Earning 3% back on groceries and dining purchases is competitive but likely won't be the best credit card for these bonus categories. However, the most attractive feature of the BPme Rewards Visa Credit Card is the fuel discount. Saving 15 cents per gallon can really add up if you buy a lot of gas. Those savings are doubled during the first 60 days of account membership since you will save 30 cents per gallon.

Official application link: BPme Rewards Visa Credit Card