Posts Tagged Chevron

Looking for a good gas card?  If you frequently refill at Chevron and Texaco pumps, you may want to consider getting a Chevron credit card, which gets you rebates every time you use the card at one of their stations.

For filling up at a Chevron or Texaco gas station, you get a cash rebate of 10 cents for every gallon when you use your Chevron credit card.  Non-fuel purchases net you 3% rebates, along with 1% cash back for buying non-Chevron goods.  While that may sound like a good deal, here’s the rub: rebates are capped at $300 per year. There is no annual fee on the card.  APR is also pretty standard at between 7.99% to 14.99%.

Personally, I love gas cards and would patronize a station if they will give me one.  Unfortunately, this card from Chevron is very limiting in a lot of ways.  First, the fixed 10 cents to a gallon is a bad deal.  When gas prices go up again, as people are expecting them to in the near future, that leaves you with a very small rebate percentage.  Even worse, the $300 limit is too small.  I’d rather get a more generic gas card, which should leave me a lot more room to work with.

If you use Chevron and Texaco a lot, you can probably get this as an additional credit card.  If you use it strictly for buying gas at Chevron, that’s still $300 saved during the year.  Since there’s no annual fee, it doesn’t hurt you in any way.  Just ditch it when gas prices hit the roof once again.