The Exxon Mobil Smart Card+ credit card offers a straightforward “cents-off-per-gallon” savings opportunity for gas purchases. While it can help you save money at the pump, it falls short compared to similar gas company cards in terms of benefits and features. One major drawback is that it is a “closed-loop” card, meaning it can only be used at Exxon and Mobil stations. Additionally, the rebates for non-fuel purchases are limited. For a more versatile option, consider a general rewards credit card that offers value not only at gas stations but also elsewhere.
Here are some key points to keep in mind about the card:
1. Limited Usage to Exxon Brand
The Exxon credit card can only be used at Exxon and Mobil stations, restricting its utility for cardholders.
In comparison, Shell’s “open loop” Shell Fuel Rewards Mastercard allows for usage anywhere Mastercard is accepted.
2. Discounts on Gas Purchases
Cardholders can enjoy discounts on gas purchases at Exxon and Mobil stations, including:
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Save 10 cents per gallon on regular, midgrade, and diesel fuel.
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Save 12 cents per gallon on premium fuel.
New cardholders can also benefit from a limited-time introductory offer, earning 30 cents off per gallon or more on Exxon and Mobil fuel purchases in the first month after account opening.
While these discounts are competitive, remember that they are exclusive to Exxon and Mobil stations.
3. Cash-Back Rebate
In addition to gas discounts, the Exxon credit card offers a 5% cash back rebate on the first $1,200 of non-fuel purchases at Exxon and Mobil stations annually. This includes convenience store and car wash purchases, but excludes certain items.
While the yearly rebate cap may not be a significant hindrance for most households, it limits the potential savings on non-fuel purchases.
4. Alternate Discount Options
Exxon Mobil Rewards+ members can also access discounts and rewards for gas purchases. While the Exxon credit card offers higher discounts for gas purchases, consider joining the Rewards+ program for additional benefits.
It’s worth noting that the Exxon credit card does not earn Rewards+ points, so you may need to use a different card to maximize your rewards.
5. Explore Better Gas Card Options
While co-branded gas station credit cards like the Exxon credit card may not offer extensive benefits, there are better options available. For instance, the BP credit card stands out as a top choice among co-branded gas cards, providing discounts at BP and Amoco stations along with rewards for everyday expenses.
Alternatively, a general rewards credit card can offer more flexibility and value. The Blue Cash Everyday® Card from American Express, for example, provides cash back on various categories such as gas stations, supermarkets, and online retail purchases, making it a versatile choice for maximizing rewards.
Note: Information about the Exxon Mobil Smart Card+ credit card and the Shell Fuel Rewards Mastercard has been compiled by BW and may not have been reviewed or provided by the issuer or provider of these products or services.