What the ExxonMobil card offers and who it's built for

The ExxonMobil Rewards+ card is a co-branded credit card issued by U.S. Bank that gives you cents off per gallon at Exxon and Mobil stations, plus rewards points on other purchases. You don't need to be an existing ExxonMobil customer to open one — you just need to pass a credit check. The card is most useful if you fill up at Exxon or Mobil regularly and carry a balance you can pay down quickly, because the interest rate is high enough that rewards savings disappear fast if you're paying interest.

The card comes in two versions: the basic Rewards+ card and the Premium Rewards+ card. The Premium version costs $95 per year but gives you more cents off per gallon and higher rewards rates. The basic version has no annual fee. Both cards earn points on gas purchases and other spending, but the per-gallon discount is where most people see the real value.

Key Takeaways

  • The ExxonMobil Rewards+ card saves you the most money if you fill up at Exxon or Mobil stations at least once a week and pay your full balance each month.
  • The basic card has no annual fee but gives you a smaller per-gallon discount; the Premium card costs $95 yearly but offers more savings at the pump.
  • Interest rates on this card are typically in the 18–27% range, so carrying a balance will quickly erase any rewards you've earned.
  • You earn rewards points on all purchases, but the per-gallon discount at the pump is the main reason most people open this card.
  • Your credit score, income, and credit history determine whether you're approved and what interest rate you receive.

How the per-gallon discount works

When you use the ExxonMobil Rewards+ card at an Exxon or Mobil pump, you get an when ready discount at the register — you don't have to wait for a statement or redeem anything. The discount amount changes monthly based on how much you've spent on the card that month. With the basic card, you typically earn 3 cents off per gallon for the first $100 you spend in a month, then 1 cent off per gallon on additional purchases. The Premium card offers higher tiers: usually 5 cents off per gallon for the first $100, then 2 cents off after that.

The discount applies only at Exxon and Mobil stations, not at other gas retailers. If you fill up at Shell, Chevron, BP, or independent stations, you get no pump discount — though you do earn rewards points on those purchases if you use the card. This is why the card only makes financial sense if Exxon or Mobil is your primary gas station.

Rewards points on non-gas purchases

Outside the gas pump, the ExxonMobil card earns rewards points on all other spending. The basic card earns 1 point per dollar on most purchases and 2 points per dollar at restaurants and on travel bookings. The Premium card earns 2 points per dollar on most purchases and 3 points per dollar at restaurants and travel. Points can be redeemed for cash back, statement credits, or merchandise through the rewards program.

The points are worth roughly 1 cent each when redeemed for cash back, so they're a secondary benefit. The real draw of this card is the pump discount, not the points. If you're choosing between this card and another rewards card for everyday spending, compare the points rates carefully — many general-purpose cards offer better rewards on groceries, dining, or travel than the ExxonMobil card does.

Interest rates and fees you need to know

The ExxonMobil Rewards+ card charges a variable interest rate, which means it changes over time based on market conditions and your creditworthiness. Most cardholders see rates between 18% and 27%, depending on their credit score and credit history. If you carry a balance from month to month, interest charges will quickly outpace any rewards you earn. For example, a $1,000 balance at 22% interest costs you about $18 per month in interest alone — far more than the gas discount would save you.

The basic card has no annual fee. The Premium card charges $95 per year, which you should only pay if you fill up frequently enough that the extra per-gallon discount covers the fee. If you buy 50 gallons of gas per month and the Premium card saves you an extra 1 cent per gallon compared to the basic card, that's $6 per month or $72 per year — not quite enough to justify the fee. You'd need to buy closer to 80 gallons per month for the Premium card to pay for itself.

How to decide if this card makes sense for you

Start by asking whether Exxon or Mobil is genuinely your primary gas station. If you pass one on your regular route and fill up there most weeks, the card could save you money. If you only stop at Exxon occasionally or prefer other stations, the card won't help much. Next, commit to paying your full balance every month — if you carry a balance, the interest will erase all savings.

Then calculate whether the basic or Premium card is worth it. Track how many gallons you buy per month and multiply by the difference in per-gallon discounts between the two cards. If that number is less than $8 per month (the monthly equivalent of the $95 annual fee), stick with the basic card. If you're genuinely a high-volume buyer at Exxon or Mobil and can pay in full each month, the Premium card might make sense.

Finally, check your credit score before you explore. This card is easier to get approved for than premium travel cards, but you'll still need a credit score in the fair to good range (typically 650 or higher). If your score is lower, you may be denied or offered a higher interest rate that makes the card less valuable.

How to open an account

You can open an ExxonMobil Rewards+ card online through the U.S. Bank website or at an Exxon or Mobil station. The online process takes about 10 minutes and asks for your name, address, income, employment status, and Social Security number. U.S. Bank will pull a hard inquiry on your credit report, which temporarily lowers your credit score by a few points.

You'll usually get a decision within minutes. If approved, your card arrives by mail within 7 to 10 business days. Once it arrives, you can set up it online or by phone, then use it at the pump when ready. If you're denied, U.S. Bank will send you a letter explaining why — common reasons include insufficient credit history, too many recent credit inquiries, or a credit score below their threshold.

Comparing this card to other gas rewards options

The ExxonMobil card isn't the only way to earn rewards on gas. Some general-purpose cash-back cards offer 2–3% cash back on all purchases, including gas, with no annual fee. Others offer rotating categories that include gas for certain months. A card that gives you 2% cash back on all spending will save you more money than the ExxonMobil card if you don't fill up at Exxon or Mobil exclusively, because you earn the same rate everywhere.

The ExxonMobil card wins only if you're a loyal Exxon or Mobil customer who fills up frequently and pays in full each month. If you're comparing it to another card, calculate the actual dollar savings over a year: multiply your monthly gas spending by the per-gallon discount, then subtract the annual fee (if you choose Premium). Compare that number to what you'd earn with a 2% cash-back card on the same spending. The card with the higher number is the better choice for your situation.

Frequently Asked Questions

Do I have to use the card at the pump, or can I pay inside the station?

You can use the card either way — at the pump or inside the station. The per-gallon discount applies regardless of where you swipe it. Some people prefer paying inside to avoid pump skimming fraud, and the discount works the same either way.

What happens to my rewards points if I close the card?

Points remain in your account for a limited time after you close the card, usually 60 to 90 days. You can redeem them during that window. After that, they expire. If you're thinking about closing the card, redeem your points before you do.

Can I use this card at Speedpass+ or other Exxon payment systems?

Yes, you can link the ExxonMobil Rewards+ card to the Speedpass+ app or key fob for faster payments at the pump. The per-gallon discount still applies. This is useful if you want to avoid touching the pump keypad.

What's the credit limit usually like on this card?

Credit limits vary based on your credit score, income, and credit history. First-time applicants typically receive limits between $500 and $5,000. You can request a higher limit after you've had the card for a few months and made on-time payments.

Does the card work at Exxon and Mobil stations outside the United States?

The card works at Exxon and Mobil stations in most countries, but the per-gallon discount applies only at U.S. locations. International transactions may also carry foreign transaction fees, so check your cardholder agreement before using it abroad.