Credit Tips: Bank One Visa Incentives Credit Card Offer

Posted On: July 1, 2005

Author: sammy262
Title: Bank One Visa Incentives Credit Card Offer
Posted: Mon Nov 29, 2004 9:30 am

In early 2003 Bank One’s BP VISA offered 6% cash back on BP gas purchases and 2% on everything else for the first two billing cycles, then 3%/1% thereafter. The rebates are in the form of $20 gift cards at BP/Amoco stations. There is no annual fee and the typical grace period. My wife and I each signed up for the card and used them for the first two billing cycles, then put them away.
Late summer 2004 we each got a different offer to start using our cards again. My offer was a $20 BP Cash Card for each $500 in charges made in August and September, up to a maximum of 5 Cash Cards ($2500 in charges), in addition to the normal 3%/1% accrual. I charged over $2500 and indeed got the 5 Cash Cards promised. I have since switched to a better deal rewards card.
My wife’s offer was double the rebate (2% vs 1%) on charges designated as dining, utilities, wireless services, home improvement, video rentals, groceries, dry cleaning, drug stores and movies/refreshments. Offer is good from July 1 2004 to June 30, 2005. We are still using this card, so their incentive plan worked on one of the two cards. I still have both letters announcing the incentives.

sammy262

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

Author: Board Monitor
Title: Bank One Visa Incentives Credit Card Offer
Posted: Tue Nov 30, 2004 10:13 am

sammy262,

Thanks for the post and welcome to the board! Interesting about the incentive promos…
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

Author: Polonius
Title: Bank One Visa Incentives Credit Card Offer
Posted: Tue Nov 30, 2004 10:54 am

I had that card and thought the incentives were a good idea–until I tried using the BP $20 cards that arrived. I’m in California and there was only one BP station within 50 miles of me–and it refused to accept the card. Turned out that the independently-owned BP stations had the right to decline the card; only the corporate stations were obligated to accept them.

I wound up auctioning the cards off on eBay. Got $12 each for them at the time.

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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