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Decided to close my BP Business fuel card - UPDATE: Rep called

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Regular Contributor

Decided to close my BP Business fuel card - UPDATE: Rep called

Update: So before I got a chance to call them this morning to cancel my account, a rep called to let me know I was approved and the details of my account. I expressed my concerns to him and he told me that account fees are based on the account type. I have a Net 12 account (which is cool because I like to PIF immediately) and Net 12 accounts don't incur that $10 fee. Then I asked about the $30 fee I read about by another member on these forums. He said that fee varies with usage and is based on the national average price of gas. If you purchase gas at a price below the national average, it charges enough to offset that cost, from my understanding. I hope he was honest about everything, I will scrutinize the terms and fees fine print when the cards arrive. If everything checks out, I will keep the account open. I was told they do report to business bureaus, I will be sure to verify that myself as well.

Original post:
It hasn’t arrived yet, but I don’t like the fact that there are so many hidden fees. The rep who completed my application did not mention the $10 monthly account fee (unless getting 5000+ gallons which I won’t be) though it is minimally listed on the website ... then I just read about a $30 fee if gas is less than $3.25/gal 👀 ... don’t know what other fees there may be but I prefer to stick with fee-free options.
BK7 DC 1/2/2018


Starting Score: 512 Experian Fico 1/7/2018
Current Score: EXP 639 // TU 638 // EQ 650
Goal Score: 680+ across the board by 2020
Message 1 of 4
3 REPLIES 3
Regular Contributor

Re: Decided to close my BP Business fuel card

A fee for low price gas? That’s crazy talk. I may just close and keep my fuel man.

ETFCU Auto Loan - NFCU CLOC $15k

In My Wallet:

NFCU Flagship Visa $17k
ETFCU Prim Plus MC $5k
NFCU More Rewards Amex $3k
Amex Marriot Business Bonvoy $3k
DiscoverIT $2.2
Amex Hilton Honors $1k

Dresser Wallet:

Wayfair $9k
JC Penny $6k
Walmart $3k
Zales $2.45
Belk $1.5k

Business Accounts:

Amazon Corporate $4.5k
Fuleman Fleet $1.2k
BP Business Solutions $1.2k
Staples $1k
Office Depot $1k
Quill $0.1k
Uline $0.1k

Sock Drawer:

CapOne QS1 $1.55k
Merrick Bank $1.4k
Amex Delta Blue $1k
USAA Classic Amex $0.5k
CarCare $0.5k
PayPal MC $0.3k
Target $0.3k

RIP:

Best Buy Visa $4k (AA)
Sportsman Guide Visa $2.5 (AA)
Citi AAdvantage $2.5k (AA)
Mattress Firm $1.5k (Closed for no activity)
Finger Hut $1k (Closed for no activity)
Home Depot $0.5k (AA)
Shell Gas $0.5k (AA)
CapOne Platinum $0.7k (Combined into QS1)
Credit One MC $0.45k (Closed)
Credit One Visa $0.8k (Closed)
First Premier Visa $0.7k (Closed)
Indigo $0.3k (Closed)
Avant $0.3k (Closed)
Message 2 of 4
Regular Contributor

Re: Decided to close my BP Business fuel card

@idolimage

How do you like the Fuelman card? Are there any fees with that one? I always thought they were the same company as BP.
BK7 DC 1/2/2018


Starting Score: 512 Experian Fico 1/7/2018
Current Score: EXP 639 // TU 638 // EQ 650
Goal Score: 680+ across the board by 2020
Message 3 of 4
Regular Contributor

Re: Decided to close my BP Business fuel card - UPDATE: Rep called

Update: This account may be worth keeping. I just spoke with a representative about my concerns and he assured me that certain accounts (including mine) are no-fee while others do get charged a fee, depending on the terms of the account. I will verify this information once my cards arrive. All I know at the moment is that Net 12 accounts do not incur a monthly fee.

Can anyone else verify this? Or any data points for their other net terms?
BK7 DC 1/2/2018


Starting Score: 512 Experian Fico 1/7/2018
Current Score: EXP 639 // TU 638 // EQ 650
Goal Score: 680+ across the board by 2020
Message 4 of 4