The Exxon Mobil Good Card+ bank card is a no-frills “cents-off-per-gallon” fuel station card that may assist holders get monetary savings on the pumps.
However stacked up in opposition to related fuel firm playing cards, the Citi-issued Exxon bank card lacks some advantages and options that might in any other case make it a aggressive choice. For one, it’s a “closed-loop” card, which means you possibly can solely use it at Exxon and Mobil stations. Plus, its rebates for non-fuel purchases received’t get you very far. You’d be higher served by a common rewards bank card that provides worth again at fuel stations and elsewhere.
Right here’s what to know in regards to the card.
1. You need to use it solely inside the Exxon model
The Exxon bank card is a closed-loop card which means it could solely be used at Exxon and Mobil stations, which makes the cardboard limiting for holders.
For instance, Shell affords the “open loop” Shell Gas Rewards Mastercard — a counterpart to its closed-loop model — permitting cardholders to make use of it anyplace Mastercard is accepted.
2. It earns reductions on branded fuel purchases
Cardholders get the next reductions at Exxon and Mobil pumps:
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Save 10 cents per gallon of standard, midgrade and diesel gas you buy.
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Save 12 cents per gallon of premium gas you buy.
Along with these reductions, as of this writing, new cardholders are eligible for the next limited-time introductory provide: Via April 30, 2025, earn 30 cents off each gallon or extra of Exxon and Mobil gas purchases within the first month after account opening, paid as a press release credit score.
The cardboard’s reductions and introductory provide are akin to what related gas firm playing cards function. And so they may help you save a wholesome amount of cash on fuel. However bear in mind, you’ll should pump solely at Exxon and Mobil stations.
3. It comes with a cash-back rebate
Past fuel reductions, the Exxon bank card earns 5% money again in assertion credit score rebates on the primary $1,200 of non-fuel purchases at Exxon and Mobil stations, per 12 months. This consists of comfort retailer and automobile wash purchases, however excludes gadgets like fuel, lottery, cash orders and reward playing cards.
Given how small of a line merchandise these sorts of purchases probably symbolize for many family budgets, the yearly rebate cap received’t pose a lot of an impediment. But it surely does imply that essentially the most you possibly can anticipate to save lots of yearly on issues like gas-station potato chips, espresso and soda is $60.
4. You don’t want the cardboard to get Exxon reductions
Members of Exxon Mobil Rewards+, the corporate’s free gas rewards program, may get you reductions and earn rewards for fuel purchases. This system’s primary tier earns 3 factors per gallon on gas and a couple of factors for each $1 you spend in Exxon comfort shops and automobile washes. The tier above that, premium standing, will get you 6 factors per gallon of Supreme+ premium gas you buy at Exxon. (To attain and keep premium standing, it’s essential to replenish with Supreme+ premium fuel at the very least 3 times a month, with at the very least 8 gallons for every fill.)
Mobil Rewards+ factors are value a penny every and may be redeemed for fuel and comfort retailer gadgets. Put one other manner, members of this system’s primary tier are incomes a 3-cent low cost per gallon of fuel bought and a 2-cent low cost per greenback spent at Exxon and Mobil shops.
The Exxon bank card affords increased reductions for fuel purchases than the corporate’s rewards program, and also you’ll get your cents-off-per-gallon low cost immediately with out having to gather or redeem factors. However as a result of anybody can be a part of the Exxon Rewards+ program at no cost, the worth proposition for being a cardholder alone is a bit of decrease.
Be aware that the Exxon bank card doesn’t earn Exxon Mobil Rewards+ factors, which means it’s essential to pay with a distinct card to earn these factors. That’s, reductions earned with the cardboard cannot be mixed with factors earned by means of the rewards program.
5. There are higher fuel playing cards
Co-branded fuel station bank cards sometimes aren’t showstoppers, however even for playing cards on this class, the Exxon bank card stacks up poorly due to its inflexibility and lack of invaluable non-fuel rewards.
For those who’re keen to change fuel manufacturers, you would possibly as an alternative think about the BP bank card, which — amongst co-branded fuel playing cards — is basically greatest at school. Not solely does it earn reductions at BP and Amoco stations, nevertheless it additionally rewards holders for in style on a regular basis bills: 3% money again at grocery purchases, 3% money again on eating purchases, and 1% money again on all different non-fuel purchases. And since you’re incomes money again (not factors or “cents off”), redemption is extremely versatile.
Alternately, for those who do not wish to be tied all the way down to only one or two fuel station manufacturers, a common rewards bank card would be the greatest guess of all. The Blue Money On a regular basis® Card from American Categorical, for example, earns 3% money again (within the type of assertion credit score) at U.S. fuel stations on as much as $6,000 spent per 12 months; 3% again at U.S. supermarkets on as much as $6,000 spent per 12 months; and three% again on U.S. on-line retail purchases on as much as $6,000 spent per 12 months. It affords 1% again on different purchases. Phrases apply; see charges and costs. The $0-annual-fee card additionally incorporates a wealthy welcome bonus: Earn a $200 assertion credit score after you spend $2,000 in purchases in your new Card inside the first 6 months. Phrases Apply.
data associated to the Exxon Mobil Good Card+ bank card and the Shell Gas Rewards Mastercard has been collected by NerdWallet and has not been reviewed or supplied by the issuer or supplier of those services or products.