There are many retailers that offer credit cards to their customers in partnership with financial service providers. Often times, these retail-issued credit cards provide interested individuals with many of the common features of such financial products, as well as incentives designed to convince them to spend on the retailers’ products and services. For a perfect example, look no further than the BP credit card, which encourages people to spend for discounts on BP gas. Something that might interest those who are already making regular purchases at BP because if they are, they should at least be rewarded to some extent for the loyalty of their customers. Here are 10 benefits of having a BP credit card:
Credit cards are a convenient way to make payments, and the BP credit card is no exception to this rule. This is particularly true when people need to make larger purchases, as carrying a lot of cash can be not only inconvenient, but also a bit unsafe.
Speaking of security, credit cards come with many protections that other payment methods do not necessarily offer. For example, if someone has been misled by the product or service when making a purchase with a credit card, they can get their money back. On the contrary, if they were cheated while using cash, their chances of a successful recovery are not that good.
3. Availability of funds
Credit cards are a form of revolving credit, which means that users can borrow up to their credit limits whenever and wherever they choose. This is far superior to non-renewable forms of credit, which require an application process, no matter how streamlined.
4. Widespread acceptance
The BP credit card is a Visa. As a result, your users do not need to worry that theirs will not be accepted, as millions and millions of providers around the world accept Visa.
5. Credit creation
Of course, the way a person makes use of the BP credit card will end up on their credit score report, which is one of the most popular methods of determining whether or not someone can be trusted with credit. In other words, just by using your BP credit card responsibly, interested individuals can become more attractive as customers to a wide range of financial service providers.
6. No annual fee
The BP credit card has no annual fee. In part, this is beneficial because it reduces the costs of having a credit card. However, it should also be noted that this gives the user more control by eliminating the need for them to use their credit card more to make it worth the non-existent annual fee.
7. Introductory offer
Like many credit cards, the BP credit card has an introductory offer to attract new customers. In short, the introductory offer consists of a 25 cent discount on each gallon for every $ 100 spent with the BP Visa in the first 90 days.
8. $ 0 Liability for fraud
Naturally, the BP credit card comes with its fair share of protections for consumers who are concerned about being misled by malicious people. An excellent example is the $ 0 fraud liability, which essentially means that the user will not be liable for fraudulent charges on their credit card.
The BP credit card comes with rewards for using it regularly. In short, for every $ 100 spent, your users can expect discounts on gallons of gasoline. Spending at BP generates a discount of 25 cents per gallon; spending on groceries, dinners and trips generates a discount of 15 cents per gallon; and spending for other reasons results in a discount much less than 5 cents per gallon.
10. More than one way to redeem rewards
There is more than one way that interested individuals can redeem their rewards. One example is redeeming them at the pump, while another example is redeeming them as a credit on the statement. This versatility should help make life a little easier for the credit card user.