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Pay for fuel with Velocity points at BP

Velocity Frequent Flyer and BP's latest initiative will change how Aussies can pay for petrol and earn rewards.

BP customers who belong to the Velocity program can redeem points for savings between $10 and $60 off their eligible fuel and in-store purchases at BP service stations. The average Australian household spends around $60 on fuel each week, so Velocity and BP think the program will help customers save at the pump and put more disposable income back into their pockets.

To start redeeming points for petrol, cardholders will need to create a four-digit PIN at the Velocity site, swipe their Velocity membership card in store before making a payment and request that the purchase is redeemed with points. When you set up your PIN, the redemption amount will be automatically set to $10, so you'll need to nominate to change this if you'd like to redeem more.

Currently, $10 off petrol is worth 1,667 Velocity Points and Velocity members can earn 2 points per litre of fuel or per $1 on in-store purchases (up to $100) at select BP service stations. At this earn rate, this means that you'll need to pay for 834 litres before you can redeem $10 off your next fuel purchase. Let's say that your car holds 50 litres of fuel, you'd need to fill up your car almost 17 times (16.68) before you could redeem your voucher. If you fill up your car once a week, it could take you 17 weeks or just over four months to redeem your voucher. So, unless you purchase fuel at BP religiously, have racked up Velocity Points from flights or regularly use a Velocity frequent flyer credit card to pick up points, you're unlikely to be able to take advantage of Pay with Points more three times a year. Of course, the value you could get from the rewards scheme will depend on how often you purchase fuel at BP and how regularly you refill your car.

How you can earn more rewards

Rates last updated November 21st, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
Virgin Australia Velocity Flyer Card - Bonus Points Offer
60,000 bonus points
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.
NAB Velocity Rewards Card
0.5
19.99% p.a.
$95 p.a.
This Visa card offers 0.5 Velocity Points per $1 spent on eligible purchases and special Visa Entertainment offers.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0.66
20.74% p.a.
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
ANZ Rewards Travel Adventures card
40,000 bonus points
1.5
20.24% p.a.
$225 p.a.
Receive complimentary travel insurance and two complimentary Virgin Australia domestic airport lounge passes each year.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0.66
0% p.a. for 12 months (reverts to 20.74% p.a.)
$129 p.a.
Save with 0 p.a. on purchases for 12 months, complimentary travel insurance and a $129 Virgin Australia gift voucher each year.
American Express Velocity Platinum Card
50,000 bonus points
1.5
20.74% p.a.
$375 p.a.
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer
80,000 bonus points
1
20.74% p.a.
$289 p.a.
Save on travel costs with a $129 Virgin Australia gift voucher each year and complimentary travel insurance.
NAB Velocity Rewards Premium Card
0.66
19.99% p.a.
$150 p.a.
Offers up to 0.66 Velocity Points per $1 spent on purchases, combined with complimentary insurance covers and a concierge service.
American Express Velocity Business Card
1
$249 p.a.
Take advantage of no pre-set spending limit, data that feeds to MYOB accounting software and up to 51 days interest-free on purchases.
American Express Velocity Escape Card
1
20.74% p.a.
$0 p.a.
Earn uncapped Velocity points on purchases and redeem for a range of rewards including flights, accommodation, car hire and gift cards.

Compare up to 4 providers

While the rewards could be limited, Velocity and BP are still ahead of Qantas in the petrol rewards game. After dropping (and shortly picking up again) its partnership with Woolworths, Qantas frequent flyers are still unable to earn rewards at Caltex Woolworths service stations.

Picture: Shutterstock

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12 Responses

  1. Default Gravatar
    October 19, 2017

    I no longer use this scam or shop at BP because I not only payed for my fuel but I was scammed for 1667 points twice how can that be? Asked the BP at Newman road and they don’t want to know about it, try and call their call centre which is overseas, and you will be given the run around, send an email and no response. it is a scam like all so called loyal cards, which is designed to trap you as a loyal customer. Shop around has and will always be the best way if you want to save.

    • Staff
      LiezlOctober 19, 2017Staff

      Hi Jo,

      Thanks for reaching our and I’m sorry to hear about your unpleasant experience using BP fuel card.

      With this pay with points with BP, your Velocity points get deducted with 1667 points when your BP In-Store Redemption Option of $10 has been activated. The $10 which equates to 1,667 Velocity Points, is the minimum equivalent dollar value which can be set as a Pay With Points In-Store Redemption Option. However, you would have an option to either Pay with Points or proceed with an alternative form of payment when you swipe your Velocity card at the BP Pin Pad. You can simply select the ‘CLR’ button if you don’t want to accept for that transaction.

      You can check the status of this option by logging in to your Velocity account. Same way if you want to remove the option of redeeming your Points at BP, simply log in to your Velocity account, select ‘Pay with Points In-Store’ and select ‘Deactivate’.

      I hope this has helped in a way.

      Cheers,
      Liezl

  2. Default Gravatar
    DavidApril 28, 2017

    I recently registered for your BP frequent flyer card. I rang about two weeks ago and was told the card would be sent out to date I have received nothing! I regularly by fuel at BP but so far all the money I spend gives me no joy! I was given a member number but i cannot remember it. Is there anyway of solving this problem?
    Kind Regards
    David

    • Staff
      LiezlApril 29, 2017Staff

      Hi David,

      Thank you for your question. Just to confirm, though, you have come through finder.com.au, not actually Velocity.

      Velocity membership cards are usually delivered within 3 weeks from ordering. If you still haven’t received it, please call their Membership Contact Centre on 13 18 75. In the meantime, you can pick up a BP temporary card in-store. You register and link it to your Velocity Account and swipe your registered temporary card to continue earning points.

      To retrieve your member number, please visit the Velocity website and select ‘Forgot Member Number’ under the login panel, or alternatively you can ask assistance from their contact centre.

      I hope this has helped.

      Best regards,
      Liezl

  3. Default Gravatar
    November 12, 2016

    I have a velocity card would like to try it as well please

    • Staff
      SallyNovember 14, 2016Staff

      Hi Murray,

      Thanks for getting in touch.

      If you’d like to start paying for fuel with your Velocity Points, you can do this by creating a four-digit PIN via your Velocity online account, swiping your Velocity card at the checkout before making the payment and request that your purchase is paid for with points.

      I hope this has helped.

      Cheers,

      Sally

  4. Default Gravatar
    leanneOctober 22, 2016

    Hi there I work at BP one of my new staff members has a customer that wants to redeem $60 of his points but the system that’s we use won’t let us take more than $10 off do you no who this is done on the system

    • Staff
      SallyOctober 24, 2016Staff

      Hi Leanne,

      Thanks for your question.

      When you redeem your Velocity Points for fuel discounts at BP, you have the choice of an in-store redemption option ranging between $10 and $60. When you create your PIN, you will be automatically opted into a $10 minimum BP in-store redemption option. So if the customer would like to redeem more than $10, they will need to sign into their online Velocity account and update the settings on the Pay with Points page.

      Once they’ve done this, they should be able to redeem $60 worth of fuel with their Velocity Points.

      I hope this has helped.

      Cheers,

      Sally

  5. Default Gravatar
    AdrianSeptember 20, 2016

    So I have truck that takes diesel so am I better off with she’ll or bp to redeem points

    • Staff
      SallySeptember 21, 2016Staff

      Hi Adrian,

      Thanks for your question.

      As a comparison service, we’re unable to suggest any specific brand to our users and the right option will depend on your individual needs.

      Consider where you usually fill up for fuel and which rewards program would offer you the most value and start comparing based on those factors.

      Cheers,

      Sally

  6. Default Gravatar
    AnnetteAugust 24, 2016

    I’m buying a holden vehicle worth 75,000 velocity points just wondering how much this would be to spend on fuel I’ve been told that I would use my velocity card to actually pay for my fuel is this correct thanks Annette

    • Staff
      SallyAugust 25, 2016Staff

      Hi Annette,

      Thanks for your question.

      Just to confirm your question, are you asking how much fuel you could purchase with 75,000 Velocity Points?

      BP only allows you to redeem Velocity points for petrol costs between $10 and $60. It’ll cost 1,667 Velocity Points to redeem $10 worth of fuel.

      How many litres of fuel you’d get from $10 to $60 would depend on your vehicle, so you should also consider this before you start redeeming your rewards points for fuel discounts.

      Cheers,

      Sally

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