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Revamp of Petro-Points Program

I was looking at the Petro-Canada updated program and their site seems like it’s got a lot going on. So I will simplify and identify some of the key highlights to watch for.

Earn Petro-Points

They decided to go straightforward and simpler with their earning structure:

  • Earn 10 points per litre on any fuel purchase
  • Earn 10 points for every $1 spent on car washes and in-store purchases

Earn 20% More

The only chance you can earn more points (20% more) is when you link your Petro-Points card with their following partners:

  • BCAA
  • CAA
  • Hudson’s Bay
  • SPC

Redeem Petro-Points

Fixed Rewards Redemption

You can redeem your points for a straight points to dollar ratio. Every 1,000 points is worth $1. That $1 can be use on fuel, car wash and in-store purchases.

That essentially means that you are earning a 1% cash back. Same goes for gift cards, 10,000 points equals $10 worth of gift cards.

Fuel Savings Cards

As a result, the Fuel Savings Cards will continue. If you redeem your points on the Fuel Savings card, where you save 5¢ per litre on 200 litres, which is essentially $10 total, you need to redeem 10,000 points.

Car Wash

A car wash ticket is going to cost 10,000 points, so long that you value a car wash as $10. Otherwise, you are better off redeeming on fuel.

However, if you redeem a car wash pass, you can potentially get more value.

  • 185,000 points = 90-day SuperWorks Season Pass or 90-day GlideWash Season Pass

The rule is that you can only use the pass once a day. So 90 days would have costs 900,000 points (90 x 10,000) if you redeemed it one at a time. So 185,000 points is a much better return than the 1% that you would redeem for fuel.

Conclusion

What is currently missing is a co-branded credit card, after it discontinued its partnership with CIBC.

I always felt that the old Petro-Points reward program was all over the place. There is no question that it is much simpler going forward. However, because of the simplicity, the only sweet spot that I see at the moment is the car wash season passes.

For now, I remain neutral about it. I like how the program is much simpler now. But I wish there were more sweet spots. So hopefully they will offer bonus points earning promotions to help rack up the points quicker. I also suspect that we may see some promotional discounts of certain rewards later on. These offers will tell me whether this was a good overall change.

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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