USAA Perks® and CarAdvise Introduce the CarAdvise Fuel Program for Members, Offering Discounts at Over 60,000 Locations Nationwide
Rhea-AI Summary
USAA Perks® and CarAdvise have launched the CarAdvise Fuel program, offering USAA members a 5 cents per gallon discount at over 60,000 fuel locations nationwide. The program, powered by Corpay (NYSE: CPAY), includes major brands like Speedway, 7-Eleven, Casey's, ARCO, Chevron, ExxonMobil, and more.
This initiative expands upon CarAdvise's existing partnership with USAA, which has provided car maintenance savings to members since 2020. The program particularly benefits active-duty military members and their families, demonstrating USAA Perks'® commitment to supporting service members' financial well-being.
Positive
- Partnership expands Corpay's (CPAY) payment processing volume through 60,000+ locations
- Increases Corpay's (CPAY) market presence in military and financial services sector
- Leverages existing infrastructure to generate new revenue stream
Negative
- 5 cents per gallon discount may impact profit margins
- Faces competition from existing fuel reward programs
News Market Reaction 1 Alert
On the day this news was published, CPAY declined 11.41%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
USAA will promote this valuable fuel savings opportunity through USAA Perks®, ensuring members are informed about the new program through a wide array of marketing touch points, where permitted. The program is the latest in a series of meaningful new relationships launched by USAA Perks® and its partners that will benefit its loyal membership base including active-duty military members and their families.
"We're delighted to bring the CarAdvise Fuel program to our members," said Angela Wong, Assistant Vice President at USAA. "Finding value and savings is important for our members, and this program is a new way we continue to support those who serve and their families by helping them save at the pump."
CarAdvise, the platform behind this fuel rewards program, has been offering its core car maintenance savings program to USAA members since 2020. This program helps members save time, money, and ensure peace of mind throughout the often-challenging process of vehicle upkeep. Keagan Russo, CEO of CarAdvise noted, "We are honored to further partner with USAA on this fuel program. USAA is the benchmark for customer loyalty in Financial Services and beyond, and this collaboration goes even deeper in delivering real benefits to USAA members nationwide, providing savings and enhancing their overall experience."
"We're thrilled to partner with CarAdvise to bring fuel savings to USAA Perks® members," said Armando Netto, Group President Vehicle Payments at Corpay. "By leveraging Corpay's proprietary network and technology, we're delivering a seamless and cost-effective fueling experience to millions of USAA members. This collaboration underscores our commitment to providing innovative payment solutions that drive real value for consumers."
The CarAdvise Fuel program is part of the USAA Perks® commitment to delivering valuable benefits and supporting members' financial well-being. For more details on how to access this offer, USAA members can visit www.caradvise.com/usaa/fuel.
The CarAdvise Fuel Program card is powered by Corpay (NYSE: CPAY), a global S&P 500 corporate payments company. Corpay's services include issuing fuel cards to customers and providing advanced technology to facilitate, monitor, and control transactions made at retailers.
For media inquiries, please contact: Marketing@caradvise.com
About USAA
Founded in 1922 by a group of military officers, USAA is a leading provider of insurance, banking, and retirement solutions, serving nearly 14 million members of the
About CarAdvise
CarAdvise is a leading online platform offering automotive management solutions, designed to simplify vehicle care and maintenance while providing savings and convenience.
About Corpay
Corpay (NYSE: CPAY), the Corporate Payments Company, is a global S&P 500 provider of commercial cards (e.g, business cards, fleet cards, virtual cards) and AP automation solutions (e.g., invoice and payments automation, cross border payments) to businesses worldwide. Our solutions result in our customers saving time, mitigating fraud, and ultimately spending less. To learn more visit www.corpay.com
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SOURCE CarAdvise