Esso Extra Rewards is a loyalty program by Esso gas stations which give you points on most items purchased at the gas bar. With an Esso Extra card you earn 1 or more points for every dollar spent at participating Esso stations.
It is an incentive program to have consumers buy at Esso. Since the price of gas is the same at most gas stations, and there is usually more than one gas station on a corner it makes sense to buy at the station that offers you a reward.
- Shell - Airmiles
- Petro Canada - Petro Points
- Esso - Esso Extra Points
Never cash out for rewards that have high markups. Use points to buy a bottle of Coke or Lotto tickets or even a car wash and you lose money. Gas stations are one of the most expensive places to buy things other than gas. Always cash out for gasoline. It is a necessity for most people.
You can cash in for a gift card and use it to buy gas or for gas itself. The gift cards do not give you the best points per dollar. A $50 gift card will cost you 8500 points. That is a cost 172 points for $1 of gas. $30 of gas paid for with points will cost you 5000 points. That is a cost of 167 points for $1 of gas. If you cash out sooner with less points you will lose money.
The best reward is the $30 gas, paid for with points, for 5000 points. It did cost you $5000 at Esso to earn those points. But it is money that you would have never had if you did a rewards card.
Believe me I know people who have 5 cars in their household and pay cash to fill up and who could not be bothered to collect rewards points. Sad....
Esso Rewards Returns
|$10 Gift Card||10||1800||180|
|$50 Gift Card||50||8500||170|
|Tim Hortons $25 Card||25||4500||180|
|Dinner Out Gift Card||25||4500||180|
You do not earn any points for fractions of a dollar. $20 in gas is worth 20 Esso points. $20.12 in gas is also worth 20 Esso points.
More blog posts to come on Petro Points and Shell Airmiles. Which is the best gas rewards program.