Citibank and BP market five per cent petrol rebate

Citibank and petrol retailer BP have introduced a co-branded MasterCard which offers customers a five per cent rebate on fuel and all other products purchased at BP service stations, provided the customer pays for the purchase with the credit card. The discount works out to a saving of about seven cents a litre based on current prices. The bank will credit the discounts in the course of each monthly statement, rather than BP providing the discount at the point of sale. Citibank said card-holders were also entitled to a one per cent rebate on all other card purchases world-wide.