Citibank handles the consumer financial business for Exxon Mobil credit cards except the fleet cards, which are taken care of by Wright Express. They currently have five different types of lines of credit open from personal accounts to business. This is a review of the Platinum MasterCard.
|Price of Gas:||Percent
|$4.00||3.75%||2.0%||1% to 5%|
|$3.50||4.29%||2.0%||1% to 5%|
|$3.00||5.0%||2.0%||1% to 5%|
The flat rate of fifteen cents off per gallon is pretty good especially if rarely you use this card, or you don’t drive very often and don’t need to fill up the tank that much. Hopefully the price of gas will continue to fall and the lower the price the more you save percentage wise with this card.
This card is best for people who don’t use credit cards very often with its scaling rewards program that peak at two percent for spending less than ten thousand dollars in a year. Purchases charged over this amount will only give you one percent back. If you spend more than a thousand dollars a month I don’t recommend this card. You will receive better rewards from cards that give you increased benefits the more you spend.
The interest rate is another reason to steer clear of this card. At nineteen percent it is a good two or three percentage points higher than most reward cards.
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