What the Mobil Credit Card is and who issues it
The Mobil credit card is a co-branded card issued by U.S. Bank in partnership with ExxonMobil. It is a standard credit card that you can use anywhere Visa is accepted, not just at Mobil gas stations — though you earn rewards specifically when you use it for fuel and Mobil purchases.
U.S. Bank handles the account, sets the interest rate, and manages your billing. ExxonMobil handles the rewards program and determines how many points you earn per dollar spent. The card comes in two versions: the standard Mobil card and the Mobil Rewards Plus card, which has an annual fee but offers higher rewards rates.
This is a rewards card, not a fuel-specific card. You are not locked into buying gas at Mobil, and you do not need to be a Mobil Rewards member to hold the card — though membership can affect your rewards rate.
Key Takeaways
- The Mobil card is issued by U.S. Bank and earns rewards points on all purchases, with bonus rates at Mobil and ExxonMobil stations.
- The standard version has no annual fee; the Rewards Plus version charges an annual fee but offers higher earning rates on fuel and groceries.
- Rewards points can be redeemed for Mobil fuel, gift cards, or statement credits, depending on the redemption options available at the time you redeem.
- Your credit score and credit history determine whether you are approved and what interest rate you receive.
- You manage the account through U.S. Bank's online portal or mobile app, where you can view your balance, make payments, and track rewards.
Rewards rates and how points are earned
The standard Mobil card earns 3 points per dollar at Mobil and ExxonMobil stations, and 1 point per dollar on all other purchases. The Mobil Rewards Plus card earns 4 points per dollar at Mobil and ExxonMobil stations, 2 points per dollar on groceries and restaurants, and 1 point per dollar elsewhere.
Points accumulate in your account each time a transaction posts. You do not have to do anything to earn them — they are added automatically. The number of points you earn does not change based on how much you spend in a single transaction; it is always calculated per dollar.
If you are a Mobil Rewards member (a separate loyalty program), your earning rate may differ. Check your card terms or contact U.S. Bank to confirm how membership affects your specific card's earning rate, as this can vary.
Annual fees and interest rates
The standard Mobil card has no annual fee. You pay nothing to hold the card if you do not carry a balance or if you pay your full statement balance by the due date each month.
The Mobil Rewards Plus card charges an annual fee — the amount varies and changes over time, so check the current terms before you open the account. U.S. Bank typically bills this fee once per year, usually on your account anniversary.
Interest rates (called the APR, or annual percentage rate) are set by U.S. Bank based on your credit score and credit history. The rate you receive is not set in advance; U.S. Bank tells you the rate when you receive your approval. If you carry a balance, interest accrues daily on the unpaid amount. Paying your full statement balance by the due date means you pay no interest.
How to redeem your rewards points
Points are redeemed through your U.S. Bank account. Log into your online account or use the U.S. Bank mobile app, find the rewards section, and select the redemption option you want. The most common options are Mobil fuel, gift cards to other retailers, or a statement credit that reduces your card balance.
Mobil fuel redemption is usually the most straightforward: you can redeem points directly at the pump or inside the station. The number of points required per dollar of fuel varies and is set by ExxonMobil, so check the redemption rate before you redeem.
Statement credits are applied to your account within a few business days of redemption. Gift card options change periodically, so the retailers available to you depend on what U.S. Bank is offering at the time you redeem. There is no expiration date on points, so you can hold them until you find a redemption option you want.
Opening an account and what you need
To open a Mobil credit card account, you need to be at least 18 years old and a U.S. resident with a valid Social Security number. You can open an account online through U.S. Bank's website or at a Mobil station if they have a card process desk.
U.S. Bank will ask for your name, address, date of birth, Social Security number, and income. They will also run a hard credit inquiry, which means they pull your credit report and your credit score. This inquiry can lower your credit score by a few points temporarily. U.S. Bank uses this information to decide whether to approve you and what interest rate to offer.
Approval usually happens within minutes if you open the account online. If you are approved, you can use the card number when ready for online purchases, and a physical card arrives by mail within 7 to 10 business days. If U.S. Bank needs more information, they will contact you by phone or email.
Managing your account and making payments
Once your account is open, you manage it through U.S. Bank's website or mobile app. You can view your current balance, see your recent transactions, set up automatic payments, and track your rewards points. U.S. Bank sends you a statement each month, either by mail or email depending on your preference.
Payments are due by a specific date each month, shown on your statement. You can pay online, by phone, by mail, or through automatic payment. If you set up automatic payment, U.S. Bank deducts the amount you choose (full balance, minimum payment, or a fixed amount) on the date you select.
Paying at least the minimum by the due date keeps your account in good standing. Paying the full statement balance means you pay no interest. If you pay less than the full balance, interest starts accruing on the unpaid amount the next day.
What happens if you miss a payment or carry a high balance
If your payment is late, U.S. Bank charges a late fee (the amount varies) and reports the late payment to the credit bureaus. A late payment can lower your credit score and stay on your credit report for seven years. If you are more than 60 days late, U.S. Bank may increase your interest rate.
If you carry a balance, interest accrues daily on the unpaid amount at your card's APR. The longer you carry the balance, the more interest you pay. For example, a $1,000 balance at 18% APR costs roughly $15 per month in interest alone if you make no payments.
If you are having trouble making a payment, contact U.S. Bank before the due date. They may be able to work out a payment plan or temporarily lower your interest rate, though this is not may provide.
Frequently Asked Questions
Can I use the Mobil card at gas stations other than Mobil?
Yes. The Mobil card is a Visa card, so you can use it anywhere Visa is accepted. You earn the standard 1 point per dollar at non-Mobil stations (or 2 points per dollar on groceries and restaurants if you have the Rewards Plus version). You only earn the higher bonus rate at Mobil and ExxonMobil stations.
What is the difference between the standard card and the Rewards Plus card?
The standard card has no annual fee and earns 3 points per dollar at Mobil stations. The Rewards Plus card charges an annual fee but earns 4 points per dollar at Mobil stations and 2 points per dollar on groceries and restaurants. The Rewards Plus card is worth it only if you spend enough on fuel, groceries, and restaurants to earn back the annual fee in rewards value.
How long does it take to receive my physical card?
The physical card typically arrives within 7 to 10 business days of approval. You can use the card number for online purchases when ready after approval, even before the physical card arrives. If your card does not arrive within 10 business days, contact U.S. Bank to check the status.
Can I transfer my rewards points to another program?
Rewards points can be redeemed for Mobil fuel, gift cards, or statement credits, but they cannot be transferred to airline miles or hotel loyalty programs. Check your redemption options in your U.S. Bank account to see what is currently available.
What happens to my rewards if I close the account?
Rewards points do not expire as long as your account is open. If you close the account, you typically have a limited time to redeem your remaining points before they are forfeited. Contact U.S. Bank before closing your account to redeem any points you want to keep.