Consumer Payment Card News

CITGO MasterCard

More gas is getting thrown on the competitive fire between issuers of credit cards with gas rebates. On August 1st CITGO and Citibank will launch a new card that offers a 20% rebate on CITGO purchases for the first 60 days and a 4% rebate thereafter. The 20% rebate offer is part of the 90-day launch period which ends October 31st. Once the launch promotion ends, cardholders earn 4% on CITGO purchases and up to 1% on other qualified purchases. Cardholders may earn up to $50 in rebates each month. All rebates are automatically credited on the cardholder’s statement against future CITGO purchases made with the card. Houston-based CITGO has more than 13,000 independently owned and operated locations in the U.S. For more information visit “www.citgo.com”:http://www.citgo.com.

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