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IRVING, Texas -- Citi Cards and ExxonMobil revealed a new rewards program for the ExxonMobil MasterCard consumer co-branded credit card, including a 15-cent rebate per gallon on gasoline purchased at Exxon and Mobil locations, the energy company stated.
"In an effort to offer one of the most competitive programs in the industry, this unique new card differentiates us from the competition and will continue to drive customer loyalty for our Exxon and Mobil locations nationwide," Ben Soraci, U.S. retail sales director for ExxonMobil, said in a statement.
As part of the program, beginning Aug. 29, consumers opening a new ExxonMobil MasterCard account by Dec. 31, 2008, will receive a rebate of 30 cents per gallon on Exxon and Mobil gasoline purchases for the first 60 days, with no limit on the amount of gas rebates earned, the company stated.
"Citi understands the challenges facing consumers in today’s economic environment," Craig Vallorano, executive vice president of Citi Cards, said in a statement. "By working closely with MasterCard and ExxonMobil, we were able to enhance the value proposition of our ExxonMobil co-branded card to deliver a card with strong consumer appeal offering cents per gallon gasoline rebates, allowing consumers to easily calculate their savings, and offering a competitive annual percentage rate with no annual fee."
Other cardholder benefits include:
-- A 15 cents per gallon rebate on Exxon and Mobil gasoline purchases;
-- Each year, up to 2 percent rebates on the first $10,000 in other eligible purchases and 1 percent on other eligible purchases over $10,000;
-- No limit on the amount of rebates that can be earned;
-- Rebates are automatically credited to cardholders’ statements in $10 increments toward future gasoline purchases made with the card;
-- 0 percent APR on purchases, and no interest balance transfers, for the first six months
-- Access to everyday savings offers from brand name merchants;
-- Platinum travel benefits; and,
-- Ability to link to Speedpass
In other ExxonMobil news, the company saw 40 Dallas area high school students recently graduate from the 27th annual ExxonMobil Green Team program.
The Green Team, sponsored by ExxonMobil in conjunction with Southern Methodist University (SMU), concluded its eight week program at the Museum of Nature and Science in Fair Park, the site of one of the Green Team's environmental field trips earlier in the summer.
"The ExxonMobil Green Team is more than an internship or a classroom discussion; it is about transforming students into key leaders in the community, with a focus on the environment and higher education," Truman Bell, senior program officer for education and diversity, ExxonMobil Foundation, said in a released statement.
Bell explained that the ExxonMobil Green Team was designed to provide meaningful work experience for high school students from low- to moderate-income households. Students are placed with selected area nonprofits, where they work in teams on environmental and conservation projects.
SMU professors presented awards to Green Team students who demonstrated academic achievement throughout the summer classes. Green Team students participated in environmentally focused internships with Boys and Girls Clubs of Greater Dallas, City of Dallas Water Conservation Division, City of Dallas Park and Recreation, Dallas Area Habitat for Humanity, Heart House Dallas, Student Conservation Association and Texas Discovery Gardens.
"We are inspired to see a corporation investing in high school students, and it is an honor to continue our relationship with ExxonMobil on the administration of the Green Team," Phyllis Bernstein, chair of the Volunteer Center of North Texas’ Dallas County Council on Volunteerism, said in a released statement. "From teaching children about ecology to making environmentally themed PSAs, the ExxonMobil Green Team students spent the summer impacting their community while also preparing for their futures. Without a doubt, these students added to the success of our participating nonprofits this summer."
Since its launch in 1981, ExxonMobil has invested $6.1 million in the Dallas program, reaching 3,350 students. The ExxonMobil Green Team is currently in place in eight cities including: Torrance, Calif.; Chalmetter, La.; Clinton, N.J.; Paulsboro, N.J.; Beaumont, Texas; Dallas; Houston; and Arlington, Va.
"We believe that education is the cornerstone for achievement and success. Continuing education over the summer break is important not only to keep students’ minds active and engaged, but also to prepare them for their futures, whether on a college campus or in the professional world," Bell said in a release statement.