Michael wrote:Actually, these gasoline credit cards are all around. ExxonMobil, Shell, ConocoPhillips, Gulf and most medium to large oil companies issue them. The dealers actually prefer them, because there are no swipe fees for them to pay. They will also offer some incentive (cents off per gallon) for you to use them.
Most of the rewards are small , like 5 cents per gallon with Shell.
However, if you received an offer for ExxonMobil and you use their gas, I would take this offer. First of all, the rewards can be stacked with Plenti. In addition there is a new technology upgrade called EM1 (mandatory) that is being installed at ALL ExxonMobil stations from now until the end of the year. It will allow each dealers to offer instant cents off at the pump for using the EXXONMOBIL SMART CARD, as well as ADDITIONAL cents off when you link your speedpass to this particular card. Also, ExxonMobil will 'force' the dealer to offer some rebate with this software upgrade.
IN ADDITION, even though there is now a minimum 45 gallon maximum 100 gallon monthly purchase requirement on this card to earn any rebate, the ExxonMobil CSR told me that these will go away in the near future, and it will be a straight 6 cents a gallon rebate on every purchase (IN ADDITION to the already-mentioned above rebates). This is because Shell recently did away with these restrictions on their "Drive for Five" card.
I would get this card IF you use ExxonMobil gas regularly and the stations are convenient. Here in Illinois Mobil stations are on almost every street corner.
Potentially, as respects ExxonMobil gas only, this card could blow away even bank cards, if you are a devoted ExxonMobil user. Even if you only use this gas sometimes, the card has the potential to give back 18 cents per gallon, or more, when all rebates are applied !!
Google, 'EM1" upgrade ExxonMobil, and you will see what I mean about the upgrade.
Thanks for the info. I really thought that in the mid-1990s that they all went the way of the dinosaur with them being co-branded (Shell MasterCard or Exxon Visa or whatever).
I'm going to stick with the normal cards I have for now. I really don't want a separate card just for gas especially when it's just for particular branded gas stations.
For discounts on gas I've tried the Fuel Rewards program from Shell a while back and, after some initial discount, it seemed to amount to nothing. "Link your MasterCard to earn discounts on gas whenever you buy things." I saw that work one time. After that, there doesn't seem to be any recognition of me spending at certain places even when I specifically sought them out to try to earn rewards. I eventually gave up on it.
If you're interested:https://www.fuelrewards.com
From what I could tell the basic deal was:
- get a Fuel Rewards card / setup an account online
- link your credit cards (MasterCard seemed to be preferred with the most bonuses but Visa and Amex were also there. No Discover)
- Use your linked credit cards at certain establishments to earn rewards.
- After a certain $dollar amount in purchasing you'd earn some number of cents off each gallon of gas on your next fill up.
I saw it work once with a purchase and redeemed it once (43¢/gal off, if I remember correctly) at the pump. That was it.
It still give you 3¢/gal at the pump as a base for whenever you use your Fuel Rewards card but that can be hit or miss as you may go to Shell to do that but pay 3-5¢ more per gallon for the privilege of taking 3¢ off at the pump.
Ultimately, it annoys me when these sort of things popup and they're either really complicated (I'm still not sure I fully understand the deal with Fuel Rewards as I wasn't earning any rewards except on one purchase) or they just don't seem to work. Usually I find that I'd rather have not dealt with it.