Citgo Gas Station
Owned by PDV America, Inc, CITGO Petroleum Corporation (or CITGO)
is incorporated in the United States but owned by a Venezuela refiner, transporter and marketer of transportation fuels, lubricants and other petrochemical products.
CITGO began in the early 1900s when Henry Latham Doherty founded the Cities Service Company in order to supply gas and electricity to small public utilities. During this period he acquired gas producing properties in the mid-continent and southwest. These acquisitions enabled the company to develop a pipeline system where they were able to make the gas available to consumers.
Soon thereafter the company made its entry into the oil business since it had been actively involved in the location and the development of natural gas. In 1935 Congress passed the Public Utility Holding Company Act thereby forcing Cities to divest either its utility operations or its oil and gas holdings. This took place at the height of the company's growth and after a long drawn out decision making process the company elected to stick with the petroleum sector of its business. Over 250 different utility corporations were affected because of this move.
In the subsequent years Cities Service developed themselves into a fully fledged oil and gas company and had operations all around the world. During this period the company drew a lot of attention from the press as the CEOs spoke a lot about issues relating to the petroleum industry.
Today, CITGO is fully owned by PDV America, Inc, Petrleos de Venezuela, S.A., (PDVSA), purchased a fifty percent share of the company in 1986 and later acquired the other half in 1990. The company now boasts a few thousand retail stations across the nation. CITGO also offers a variety of gas station credit cards to their loyal customers. Since everyone is different and has different needs the company offer four different credit card types.
The CITGO Plus card can be used to make purchases at any CITGO locations. It can also be used to withdraw funds at any ATM across the world. Aside from having this card to top up and make purchases at CITGO stations
there are no other specific rewards to expect with this card.
CITGO Platinum Select MasterCard
allows you to earn rewards on purchases that you make anywhere since you can use this card wherever MasterCard is accepted. You will earn 4% back on your Citgo gas station purchases and 1% on your purchases at all other locations.
CITGO Celebrity targets the frequent fliers earning them 5% rebate on domestic flights, hotels and car rentals. There are no gas savings with this card and the rebates earned on airlines are only for those airlines that fuel with CITGO gas.
CITGO Business is designed for small truck driving fleets where businesses can set spending limits for their employees and keep track of expenses. For the first 90 days employees will earn $0.05 per gallon rebate on all fuel purchases.>Recommended Citgo Credit Card