As the cost of petrol is increasing constantly, everyone looks for a way, which will help them to reduce petrol expenses. It’s very easy to say ‘drive less’ but it is something practically impossible. So, if you want to offset the rapidly rising price of a gas then enrolling for petrol rewards credit card is best option. There are various types of petrol credit cards available in the market. Some of them geared in personalized way or for individuals that work similar to credit cards. Some are for businesses or for certain vehicles or work only in specific locations. Here is the comparison of features and charges associated with petrol credit cards of different companies-
• Citibank BP Card: If you drive a lot, Citibank BP card is definitely worth having with you. It offers cash back up to 5% on petrol purchased from BP and 0.5% cash back on purchases made from other petrol stations. Customer can avail 55 days of interest-free period on purchases. This credit card doesn’t charge anything on balance transfer for initial six months. After completion of six months grace period, customer needs to bear 20.89% interest rate per annum. Citibank BP card charges $89 annual fee from their customers and this card doesn’t provide any reward points. This card provides incentives for transferring your balances from other credit cards. When customer transfers his other credit card balances to Citibank BP MasterCard, he receives facility of availing low interest rate of 2.9% for one year. Customers can think of sharing this card among all family members or utilize it as a company card for employee travelling purpose.
• American Express Platinum Edge Credit Card: Customer can avail two points for every dollar he spends for fuel purposes. This card provides interest free period of 55 days on purchases. Customers can get all these credit card features by paying fees of $149 every year. An applicant must have $50,000 income and must be a permanent resident of Australia to get eligible for this card. There are no rewards attached to this card when customer does any purchasing.
Most of the people think that they should not enroll for petrol credit cards, as they already have credit card. However, petrol credit card has its own unique benefits and one can realize its importance when he does substantial savings on his transactions.