Chevron U.S.A. Inc. has introduced its new Chevron and Texaco Xponent Rewards Card in select markets with plans to further expand the program across its Chevron- and Texaco-branded retail footprint in the U.S.
The new rewards card is a reloadable, prepaid card that allows customers to save at the pump everyday with opportunities to earn additional rewards for fuel purchases at participating Chevron and Texaco stations.
Customers in Dallas, Miami, Tampa, Orlando and Atlanta can start using the Xponent Rewards card today by signing up through XponentCard.com
Research shows prepaid cards are one of the fastest growing payment types.
Unlike other reloadable, prepaid cards, Xponent Rewards cardholders do not pay annual, monthly or sign-up fees. There are also no credit checks required. Everyone with a U.S.-based bank account can potentially enjoy the card benefits.
Cardholders will load money directly from their bank account to their Xponent Rewards Card. The Xponent Rewards Card offers an Everyday reward of five cents per gallon on every fuel purchase when used at participating Chevron and Texaco stations.
In addition, cardholders have the opportunity to increase fuel savings by using their card for purchases at participating merchant locations. For example, every $50 spent at participating Outback Steakhouse restaurants with the Xponent Rewards Card will earn cardholders an additional reward of 10 cents per gallon, up to 20 gallons in a single purchase (see XponentCard.com for additional program details).
And, Chevron is offering a New Account Bonus of 40 cents per gallon reward (vs. the Everyday reward of five cents per gallon) on a cardholder’s first fuel purchase at participating Chevron and Texaco stations using their Xponent Rewards Card, up to 20 gallons.
“Chevron is always looking for innovative ways to provide value to its consumers and reward them for brand preference,” said George Wall, vice-president of Americas products East & Latin America. “This new loyalty offering rewards customers who are not interested in our traditional credit cards. They can earn additional rewards to use at participating Chevron and Texaco stations. Chevron anticipates expanding the program by adding other participating merchants to increase the reward opportunities for its loyal consumers.”
Savings are easy: The five cents per gallon Everyday reward is applied to fuel purchases every time the Xponent Rewards Card is used at a participating Chevron or Texaco station. Additional rewards are added to the Xponent Rewards Card account after cardholders use their card to make a qualifying purchase at participating merchant locations. Cardholders can track rewards and manage their account on XponentCard.com, the Xponent Rewards app or by calling customer service. The Xponent Rewards Card can be used everywhere Discover is accepted and is managed and processed by Marqeta, the payment innovation platform