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Verdict: Everyone knows that gas prices are going up, way up. There isn’t much upside in this; no one’s looking forward to spending $50 to fill up the gas tank. But there is a way to take at least some advantage of rising gas prices; you can apply for a credit card that rewards you with extra cash back every time you use it at the pump. The Chevron and Texaco Visa Credit Card can help you do this, every time you stop for gas at either Chevron and Texaco stations. Fortunately, there are plenty of these stations across the country.
Overview: This card offers an attractive three-tiered rewards program. You’ll receive the most cash back when you use the card to fill up your gas tank at Chevron and Texaco gas stations. But you’ll also receive cash back when you use your card to make other purchases.
How This Card Works: You’ll receive your cash-back bonus amounts every month as a credit to your card account statement. The key to earning the most money back is to make sure that there are plenty of Texaco and Chevron stations on your daily commuting path.
Travel and Shopping Benefits: You’ll receive 10 cents cash back for every gallon of fuel that you pay for at Chevron and Texaco stations with this card. You’ll also receive a 3 percent cash-back bonus whenever you use your card to make other, non-gas purchases at Chevron and Texaco stations. You’ll earn a cash-back bonus of 1 percent for all other purchases that you make with this card.
Fees: The Chevron and Texaco Visa Credit Card comes with no annual fee. And depending on your credit score, your purchase interest rate can be as low as 13.49 percent. If your credit score is lower, though, you’ll be saddled with a purchase interest rate of 17.49 percent or 20.49 percent. Cash advances cost either $10 or 5 percent of the advance amount, whichever figure is higher. If you pay your bill late, you might also be assessed a late-payment penalty of $35.
- No annual fee.
- Earn more money back when you fuel up at Chevron and Texaco gas stations.
- Earn cash back with every purchase that you make.
- This card not as valuable if you don’t live near any Texaco or Chevron stations.
- Purchase interest rate can be as high as 20.49 percent, depending on your credit score.