BP Australia and Citibank have teamed up to launch a co-branded MasterCard that offers a 5% discount on everything sold on BP forecourts across Australia.

The new cross-sector strategic tie-up provides the 5% discount on both fuel and all other goods sold by BP in its service stations.

Savings are credited to the cardholder’s monthly BP-Citibank MasterCard statement, removing the hassle of collecting receipts or shopping at a third party outlet in order to qualify for a discount, Citibank says.

In addition to saving money at BP, cardholders are entitled to a 1% rebate on everything they purchase using the card, anywhere in the world.

Revealing that a key motivation for the development is the desire to take back forecourt market share from the encroaching supermarkets, Citibank’s director of cards Roy Gori said: Our customers won’t need to fill up their trolley at a supermarket before they get a discount at a petrol station. We are providing an easy and automatic way to save while spending anywhere, on anything and at anytime.

Users of the new card will be able to make savings at 1,400 BP service stations across Australia.