Tesoro Launches New Credit Card

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Tesoro Launches New Credit Card

SAN ANTONIO -- Tesoro Petroleum Corp. will roll out its new Tesoro Platinum MasterCard, issued by Juniper Bank. The card provides rebates good for Tesoro products and the other advantages of a MasterCard. Juniper Bank is a credit-card issuer headquartered in Wilmington, Del.
Cardholders using the Tesoro Platinum MasterCard can earn 3-percent rebates on purchases at Tesoro branded locations; 1-percent rebates on all other (non-Tesoro) purchases made anywhere a MasterCard is accepted, and double rebates for every purchase during the first two months after an account is opened.

Tesoro will discontinue the proprietary Tesoro Gas Card effective Dec. 31, 2003.

"The Tesoro Platinum MasterCard provides new payment flexibility and exclusive benefits to our customers," said Steve Wormington, Tesoro's executive vice president of marketing. "The versatility of this card allows customers to shop anywhere MasterCard is accepted, while earning generous rebates good for Tesoro products. Tesoro is pleased to have teamed up with Juniper Bank on this co-branded MasterCard."

"We're very excited to have the opportunity to partner with Tesoro. The Tesoro Platinum MasterCard's compelling incentives provide Tesoro with an excellent way to reach new customers and retain existing ones," said Kevin Kleinschmidt, managing director of partnership marketing at Juniper Bank.

Juniper Bank has commenced issuing the Tesoro Platinum MasterCard Card to current Tesoro Gas Card holders meeting the bank's credit criteria and will start accepting applications for the new card. Applications are also available at all Tesoro locations.

Tesoro Petroleum Corp. is a Fortune 500 Company, an independent refiner and marketer of petroleum products, and its retail-marketing system includes more than 560 branded retail stations.