Citibank BP Card

Citibank BP Card

Find out more about the Citibank BP Credit Card

The Citibank BP Card is a credit card designed to save you on fuel and that’s about it. The Citibank BP Card has a mid-range interest rate and no rewards, purchase protection or any other perks to speak of. Plus, it comes with a medium-level annual fee as well. However, if you drive a lot (and get your petrol at BP), this card is worth having in your wallet.

Pros of the Citibank BP Card

5% cash back on any purchases from BP
0.5% cash back on all other purchases
55 days interest free for purchases
0% p.a. for 6 months balance transfer rate.

Cons of the Citibank BP Card

20.89% p.a. interest rate
$89 annual fee
No rewards programs

So, how can you tell if the Citibank BP Card belongs in your wallet? Simple do you spend more than $1,600 at BP every year? If not, then don’t bother. The main perk of this card is the 5% cash back on your BP purchases and unless you are spending at least $133 a month on fuel, then your cash back won’t outweigh your $89 annual and you won’t accrue any other rewards. The 5% cash back only applies to the first $600 you spend each month while the 0.5% cash back applies to the first $5,000 you spend each month. That translates to your cash back payments being capped at $360 for BP purchases each year and $300 for all other purchases each year.

As a balance transfer card, the Citibank BP Card isn’t terrible you get 0% p.a. for 6 months. After that, if you haven’t paid it off, it reverts to 20.89% p.a..

Bottom-line: Get this card to save on gas but you might not want it to be the only card in your wallet. Consider sharing this card amongst several family members or using it as a company card for traveling employees. That $660 in savings each year (minus the $89 annual fee) may end up being more valuable than the other rewards points you won’t be racking up with the Citibank BP Card.

		Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest Free Days
St George Vertigo	A low balance transfer offer 0.99% p.a. for 9 months with a low annual fee.	13.24% p.a.	21.49% p.a.	0.99% p.a. for 12 months	$55	55
ANZ Low Rate MasterCard - Balance Transfer	An excellent credit card offer from ANZ with a low interest rate on purchases and a competitive annual fee.	0% p.a. for 3 (reverts back to 13.24% p.a.)	21.49% p.a.	0% p.a. for 3 months	$58	55

Interest Rate (p.a.)

Cash Advance Rate (p.a.)

Balance Transfer Rate (p.a.)

Annual fee

Interest Free Days