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ENON, Ohio — Speedway LLC is introducing a new rewards credit card with one-swipe technology that allows customers to pay for their purchases and manage their rewards points with one card, eliminating the need for a separate Speedy Rewards membership card.
The Enon-based convenience store chain is teaming with First Bankcard, a division of First National Bank of Omaha, to offer the new Speedy Rewards MasterCard. Speedy Rewards members' numbers are embedded in the magnetic stripe and barcode printed on the back of the Speedy Rewards MasterCard. It is one of the first gasoline and convenience store credit cards with one-swipe technology.
"We are excited about the convenience our customers will experience from our new co-branded consumer credit card offering with First Bankcard," said Speedway President Tony Kenney. "The card will provide our customers a simple and straightforward method to make a payment while earning Speedy Rewards loyalty points faster than ever."
Cardholders will earn 50 points per dollar by using the card for purchases at Speedway and 10 points per dollar on all other purchases. Additionally, customers who spend a minimum of $500 with the card during the first three billing cycles are eligible to receive 25,000 bonus points.
"This new credit card and fuel and merchandise rewards loyalty program is unlike any other available to consumers today," noted Stephen F. Eulie, president of First Bankcard. "First Bankcard works closely with our partners to understand their customers' needs and deliver customized solutions that benefit our partners and ultimately their customers."
With approximately 2,740 stores throughout 23 states, Speedway is the second largest company-owned and -operated convenience store chain in the United States. There are currently 4 million members in its Speedy Rewards program.
Speedway LLC is a wholly owned subsidiary of Marathon Petroleum Corp.