BP MasterCard

FTO338 · Post by **FTO338** » Fri Aug 25, 2006 12:56 pm

Well i'm sure most of you had seen the BP Master card on TV by now, where you save 5% on anything you buy from BP, including Petrol. And i know lots of us use BP Ultimate.

So i went and get the form and read all the T&C. And heres what kind of saving i might get from it.

Average monthly Petrol cost $541 (for two cars)

Magazine per month $15.9

Total of $556.9 a mth or $6682.8 p.a

After 5% discount, its equal to 6348.66, thats a saving of $334.14

Now heres the T&C

Annual Fee $79 pa and $30 for addional card holder. $109 in total

So the real saving for me is $225.14 p.a ($18.76 per mth) So i'm really saving around 3.5% or 5c a Litre, base on $1.50 (Ultimate) and not 7.5c

But if the petrol price keep going up, and the annual fee stay the same, then we can really see some big saving.

sublime19 · Post by **sublime19** » Fri Aug 25, 2006 3:53 pm

Hmm this would be sensible if I only use this to purchase petrol from BP (and ciggies) and for nothing else, then this would make sense.. if only i can control myself NOT to use the cc, this would definately a big way to save $$$ on petrol!

FTO338 · Post by **FTO338** » Fri Aug 25, 2006 6:32 pm

simple mate, just ask them to reduce the limit to $500, you won't get much apart from petrol then.

khunjeng · Post by **khunjeng** » Fri Aug 25, 2006 9:11 pm

yeah i picked up a booklet from BP last weekend, was thinking to get it just for fuel...then i could track my fuel costs a lot better! I spend a fair bit on fuel per month...

Camo · Post by **Camo** » Mon Aug 28, 2006 1:12 am

I just signed up, i only ever buy my fuel from BP so it will be great for me!

Plus the $50 free fuel with the first use! Boo Ya Kasha!!!

To increase the saving i will just make sure i go down to the BP for other products rather then just going to the 7/11.

It seems like a great idea!

=D

Camo · Post by **Camo** » Mon Aug 28, 2006 1:14 am

p.s. I think you might need to change khunjeng's member description with sublime19's =D

I think we all know who the real spammer is ;p

Post by **Bennoz** » Mon Aug 28, 2006 10:23 am

Camo wrote:p.s. I think you might need to change khunjeng's member description with sublime19's =D

I think we all know who the real spammer is ;p

LOL its on the cards...

sublime19 · Post by **sublime19** » Mon Aug 28, 2006 6:10 pm

Camo wrote:p.s. I think you might need to change khunjeng's member description with sublime19's =D

I think we all know who the real spammer is ;p

lol yea.. he can be the uber post whore and i'll be his apprentice, or vice versa

Camo · Post by **Camo** » Tue Aug 29, 2006 8:00 pm

Well, although i didnt see this anywhere from CitiBank themselves, i saw this on the Today Tonight website.

"But there are a couple of catches. The maximum discount claimable on the card is $15 per month. It has an annual fee of $79 and a hefty interest rate of 17.95 per cent."

So:

12 x $15 = $180

$180 - $79 = $101

So if this information is correct then you can only save a maximum on $101 a year.

I will be contacting CitiBank to verify this information, as if it is true it makes the card a lot less worthy....

FTO338 · Post by **FTO338** » Tue Aug 29, 2006 9:34 pm

You're correct, dam i missed that clever marketing wording....

5% cash back rebates with BP are limited per account to the first $300 you spend at participating outlets each statement period.

Camo · Post by **Camo** » Wed Aug 30, 2006 1:08 am

hmmm they are very cheeky!

well, that $101 + $50 (free fuel voucher that you receive 2 months after first using the card)

= $151

If your really broke (and drive a fair bit) might be worth it for 1 year, but hardely worth it after that.

I'm going to cancel my app. tomorrow i think...