Citibank BP Mastercard review
Important InformationThe Citibank BP credit card is no longer available for new applications. However, we've kept the information online for the benefit of existing customers and for those who are interested.
You can compare the current range of Petrol credit cards here.
If there is one thing everyone spends money on it is petrol. Most of us find that a significant chunk of our budget goes it and would love to see a return on the investment. Then Citibank BP Mastercard actually gives you cashback and a discount whenever you fill up at a BP station. Those who use BP regularly can save a whole lot of money with this card, and those who don't will surely become loyal customers once they have it.
As far as a credit card goes it is a great one to have, even without the excellent petrol reward. Citibank is one of the worlds biggest credit card issuers. They have banking operations in more then 100 countries and territories. Here in Australia they are already the fifth largest credit card provider. As the consumer banking arm of CitiGroup they were founded in 1812 as the City Bank of New York. By domestic deposits they are still holding steady as the fourth largest bank holding company in the United States.
Of course, a great credit card company is not enough, they have to offer a great card too. This card has excellent interest rates and perhaps the best reward of all, cashback. Everyone can use extra cash because it never expires and is accepted everywhere. Just think of the savings as you put petrol in your tank, you will get a discount plus earn cashback. It is a double whammy reward.
Benefits Of The CitiBank BP Mastercard
- Low interest rate - 20.89% p.a. per annum
- Balance transfer rate - 0% p.a. for 6 months
- Discount on petrol - 5% off petrol and anything else you purchase at BP
- Low annual Fee - Only $1 p.a. annual fee for the first year ($89 p.a. thereafter)
- High credit limit - Up to $25,000
In addition to these rewards the Citibank BP Mastercard offers free purchase cover. Items bought with this card are covered it they are lost, stolen, or damaged within three months of purchase. Citibank will make arrangements for them to be repaired or replaced for free no matter where in the world you are. You also gain access to special discounts through the Citi World Privileges program. Cardholders also have access to highly trained customer service personal all day every day. You get all of these perks plus a petrol discount that will help make your travels just a little more fun because they will be a lot less expensive.