Frugal Friday frugality

Saving Money on Gas: BP Card

May 2, 2008

A few weeks ago I posted several tips for saving money on gas. One of the tips was “buy high quality gas” (regular unleaded, just from a high quality gas station). At my dad’s suggestion, we’ve been buying ours from BP and have noticed a considerable increase in our gas mileage. He had also suggested getting a BP gas card, and one a reader gave also gave the suggestion, along with a scenario of how much it saved each time.

We had been somewhat hesitant to open a credit card; but when we realized how much it could save us, we decided to go ahead and sign up for the BP gas card.  We use it ONLY on gas purchases, but it does have rewards for other spending, too.  Kind of like the next best thing to coupons for gas! 😉

For the first 60 days, you receive 10% back on BP gas purchases, and 5% thereafter.

A scenario? If you are buying gas at $3.20 a gallon, it would essentially be like buying it for $2.88 for the first 60 days, or for $3.04 after the 60 days. Multiply that times however much gas you buy per month, and the savings is quite sizable. So not only are you getting better mileage for using higher quality gas, but you are also getting your gas at a better price than the “cheap” gas stations. For the average gas user, this translates into savings of at least a couple hundred dollars per year. Well, that was enough incentive to get us to sign up.

*However, I will warn that if you do have problems with credit cards or with using them incorrectly, you may not want to sign up.*

Here’s a brief overview:

First 60 days:

  • 10% back for all BP purchases
  • 4% back for all eligible travel and dining
  • 2% back on most other purchases

After first 60 days:

  • 5% back for all BP purchases
  • 2% back for all eligible travel and dining
  • 1% back on most other purchases

For every $25 you get back in rebates, you can request your rebate as:

  • $25 BP cash card
  • check made payable to you
  • donation to charity of your choice

You can go here to see additional benefits and to sign up..

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  • Jen May 2, 2008 at 3:26 pm

    This card looks good. One of my FF tips was about gas cards. I don’t think we have any BP around us, so we are probably going to sign up for one of the cards that give you money back for general gas purchases.

  • Monica May 8, 2008 at 9:25 am

    We are planning a trip this summer that is going to involve a lot of driving. This is really going to help, thanks!!