What the Phillips 66 Credit Card offers
The Phillips 66 credit card is a co-branded card issued through Synchrony Bank that rewards you for fuel purchases at Phillips 66 and Speedway stations. You earn cash back on gas, and the card also offers cash back on other everyday purchases at a lower rate. There is no annual fee.
The card comes in two versions: the standard Phillips 66 card and the Phillips 66 Plus card. The Plus version offers higher cash back rates but requires you to meet an annual spending threshold to keep the higher rewards active. Both cards report to the three major credit bureaus, so on-time payments build your credit history.
This is a store card, meaning you can use it at Phillips 66 and Speedway locations, but you can also use it anywhere Mastercard is accepted. The card is designed for people who regularly fill up at these stations and want to earn rewards on that spending.
Key Takeaways
- The Phillips 66 card earns cash back on fuel purchases at Phillips 66 and Speedway stations, with higher rates on the Plus version if you spend enough annually.
- You can use the card anywhere Mastercard is accepted, not just at fuel stations, though rewards rates are lower for non-fuel purchases.
- There is no annual fee, and the card reports to credit bureaus, so responsible use helps build your credit score.
- The process process takes place online or in person at a station, and you receive a decision within minutes to a few business days.
- You manage your account through Synchrony's online portal or mobile app, where you can view statements, make payments, and track rewards.
How to open a Phillips 66 credit card account
You can start the process online at the Phillips 66 website or in person at any Phillips 66 or Speedway station. Online applications typically take 5 to 10 minutes. You will need your Social Security number, date of birth, current address, and employment information.
The issuer, Synchrony Bank, will check your credit report during the process. You do not need perfect credit to be considered, but the decision depends on your credit history, income, and existing debt. Most decisions come back within minutes, though some applications are flagged for manual review and take a few business days.
Once you are approved, you can use your card number when ready for online purchases if you receive a digital card option, or you can wait for the physical card to arrive by mail, which typically takes 7 to 10 business days. You can also pick up a temporary card at a Phillips 66 or Speedway station on the same day you are approved if you explore in person.
Understanding the rewards structure
The standard Phillips 66 card earns 5% cash back on fuel purchases at Phillips 66 and Speedway stations, 2% at restaurants and grocery stores, and 1% on all other purchases. Cash back is credited to your account monthly and can be used as a statement credit or redeemed for other rewards.
The Phillips 66 Plus card earns 10% cash back on fuel at Phillips 66 and Speedway stations for the first 60 days, then 5% cash back as long as you spend at least $1,500 per year on the card. If you do not meet the annual spending threshold, your rewards drop to 3% on fuel and 1% on other purchases. The Plus card also earns 2% at restaurants and grocery stores and 1% elsewhere.
There is no limit to how much cash back you can earn, and rewards do not expire as long as your account remains open and in good standing. You can check your current rewards balance in your online account or through the Synchrony mobile app.
How to set up and use your card
When your physical card arrives, you must set up it before you can use it. You can set up through the Synchrony website, the mobile app, or by calling the number on the back of the card. set up takes less than a minute and requires you to verify your identity.
At the pump, insert your card into the reader or tap it if your card supports contactless payment. You may be asked to enter your PIN or provide a ZIP code for verification. The transaction processes like any other Mastercard purchase. Your rewards are calculated automatically and posted to your account the following month.
You can also use the card at any merchant that accepts Mastercard, including online retailers, restaurants, and other businesses. Rewards are earned on these purchases too, though at the lower non-fuel rates. Keep track of your spending if you have the Plus card and want to maintain the higher rewards tier.
Managing your account and making payments
Log into your account at Synchrony's website or through the mobile app to view your balance, recent transactions, and rewards. Your monthly statement shows all purchases, the amount due, and the due date. Payments are due by the date listed on your statement, typically 21 to 25 days after the statement closes.
You can make a payment online, through the mobile app, by phone, or by mail. Online and app payments usually post within one business day. If you pay by phone or mail, allow extra time for processing. You can set up automatic payments to may support you never miss a due date, and you can choose to pay the full balance or the minimum amount due.
Paying your full balance by the due date means you will not be charged interest. If you carry a balance, interest accrues at the card's variable APR, which is disclosed in your terms and conditions. Late payments are reported to credit bureaus and can damage your credit score, so prioritize paying on time.
What happens if you need to close your account
You can close your Phillips 66 credit card at any time by calling Synchrony or requesting closure through your online account. There is no penalty for closing the account, and you will not lose any cash back rewards you have already earned.
Before you close the account, pay off any remaining balance. Once the account is closed, you can no longer earn new rewards, and you cannot use the card for purchases. Closing the account may affect your credit score slightly because it reduces your available credit and changes the age of your credit mix, but the impact is usually temporary.
If you want to keep the card but stop using it, you can straightforward leave it inactive. As long as you keep the account open and in good standing, you maintain the credit history associated with it, which can help your credit score over time.
Common issues and how to handle them
If your card is declined at the pump, the most common reason is that your account has reached its credit limit or there is a fraud alert on the account. Call the number on the back of your card to check your available credit and resolve any security holds. Synchrony may place a temporary hold if it detects unusual activity.
If you do not see your rewards posted, check that your transactions posted to your account first. Rewards are credited monthly, so there may be a delay of a few days after your purchase. You can view pending transactions in your online account to confirm they are processing.
If you notice a transaction you did not make, report it to Synchrony when ready. You have liability protection for unauthorized charges, and Synchrony will investigate the claim. Document the transaction and any communications with the merchant, and keep records of your dispute report.
Frequently Asked Questions
Can I use the Phillips 66 card at other gas stations?
You can use the card anywhere Mastercard is accepted, including other gas stations, but you will only earn the higher rewards rate at Phillips 66 and Speedway locations. At other gas stations, you earn 1% cash back on the standard card or 1% on the Plus card, which is the same rate as other purchases.
What credit score do I need to be approved?
Synchrony does not publish a minimum credit score requirement. Approval depends on your overall credit profile, including your score, payment history, income, and existing debt. People with fair credit have been approved, but approval is not may provide for any applicant.
How do I redeem my cash back rewards?
Cash back is automatically credited to your account as a statement credit each month. You can also request to redeem rewards for other options through your online account, such as gift cards or merchandise, depending on what Synchrony offers at the time.
Is there a foreign transaction fee?
Yes, the Phillips 66 card charges a foreign transaction fee on purchases made outside the United States. If you travel internationally, using this card abroad will result in additional charges beyond the purchase price.
What should I do if I forget my online password?
Go to the Synchrony login page and select the "Forgot Password" option. You will be asked to verify your identity using your Social Security number and other personal information. Synchrony will send you a link to reset your password, usually within minutes.