So, I am a petro-canada customer with alot of petro points. What to do with em? There really isn't anything worth getting with petro points. But, I wanted to compare and see if it is better to get the 5cents off per litre or a petro canada gift card. I did some simple math and here is what I get:
Lets assume I have 100000 petro points, yeah I have a gas guzzler :)
Reward - 5 cents off per litre for 200 litres
Cost: 14000 petro points (15000 petro points if you redeem in store)
Savings: $0.05 x 200 = $10
Reward - $50 gift card
Cost: 90000 petro points
Savings: $50
Now, right off the bat, you would say the gift card is the better choice! Yeah $50! That's 1 free tank of gas! But, since the 5 cents off per litre for 200 litres rewards is only 14000 points, I can redeem that rewards over 7 times! Thus 7 x $10 = $70!...Now, to see the $70 savings, you need to guzzle 7 *200 litres = 1400 litres, but hey, you end up saving more in the long run!
Conclusion: get the 5 cents off per litre for 200 litres while you can!
cheers,
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