Citi Card, ExxonMobil Team To Launch Gas Rebate Program

Citi Cards and ExxonMobil today announced a new rewards program for the ExxonMobil MasterCard consumer co-branded credit card program, which will offer rebates of up to 15 cents per gallon on gas purchased at Exxon and Mobil stores nationwide.

Starting Aug. 29, 2008, those who open a new ExxonMobil MasterCard account by Dec. 31, 2008 will receive a 30-cent-per-gallon rebate on Exxon and Mobil gasoline purchases for the first 60 days, the companies said.

There is no limit on the amount of gas rebates that consumers can earn.

“Citi understands the challenges facing consumers in today’s economic environment,” said Craig Vallorano, executive vice president at Citi Cards. “By working closely with MasterCard and ExxonMobil, we were able to enhance the value proposition of our ExxonMobil co-branded card to deliver a card with strong consumer appeal offering cents per gallon gasoline rebates, allowing consumers to easily calculate their savings, and offering a competitive annual percentage rate with no annual fee.”

“In an effort to offer one of the most competitive programs in the industry, this unique new card differentiates us from the competition and will continue to drive customer loyalty for our Exxon and Mobil locations nationwide,” said Ben Soraci, U.S. retail sales director at ExxonMobil.

Benefits the new ExxonMobil MasterCard credit card provides to cardholders:

  • A 15-cent-per-gallon rebate on Exxon and Mobil gasoline purchases
  • Each year, up to 2% rebates on the first $10,000 in other eligible purchases and a full 1% on other eligible purchases over $10,000
  • No limit on the amount of rebates that can be earned
  • Rebates automatically credited to cardholders’ statements in $10 increments toward future Exxon and Mobil gasoline purchases made with the card
  • 0% APR on purchases and no interest balance transfers for the first six months
  • Access to everyday savings offers from brand-name merchants
  • Platinum travel benefits
  • Ability to link to Speedpass
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