Chevron and Texaco gas stations are among the most popular filling stations in the U.S. In fact, there’s at least one in every major city and town across the country. Consequently, the Chevron credit card is one of the most popular means of transaction at gas stations. Unfortunately, many people are oblivious to the convenience and benefits of owning one. Why is it smart to bank on a Chevron credit card? Why should you consider a chevron credit card?
Read on to find out.
Personal or Visa?
Chevron offers two options for its credit cards, based on customers’ varying needs. The basic Chevron credit card, the personal card, is designed to be used at Chevron and Texaco gas stations exclusively. This means that it can be used to refill or purchase items at Chevron gas stations stores, but is not applicable anywhere else.
The second option is the Chevron Visa card. Unlike the personal card, the visa card is not limited. It can be used at any Chevron and Texaco gas stations, as well as for paying meals, grocery, and virtually every other thing most major credit cards do. Evidently, the Chevron Visa card is a much more convenient alternative than the personal card due to its versatility.
The Benefits of Owning a Chevron Credit Card
The best part of owning a Chevron credit card is that you never have to worry about your gas running out. This is because, as said earlier, there is almost always a Chevron or Texaco gas station around the corner. But there are several other benefits associated with the Chevron Credit Card. Some of the other advantages of owning the credit card include:
Chevron credit cards give a lot of consideration to the safety of their members’ information and finances. As a result, the card comes with zero fraud liability charges, meaning that you will not have to pay a dime if your credit card is used for unauthorized charges. Additionally, the credit card is integrated with chip card technology, ensuring that your financial information is not susceptible to hackers and fraudsters.
Good rebate program
Smart motorists choose Chevron credit card not only for the convenience of the company’s vast presence in the country, but also for the opportunity to save on fuel purchases. Chevron has a rebate program that gives you back 10 cents for every gallon you purchase. With time, the money can add up to as much as $300 per year.
Redeem points for cash
The Chevron credit card does not dictate how many points you earn for using it. In fact, it has a simple redemption process for cash that allows you to deposit equivalent points in cash to any U.S. savings or checking account. Points can also be redeemed for gift cards and credit statements, and there is no limit to the number of points you can earn.
Free access to credit scores
You can also keep tabs on your credit score using the Chevron credit card, since it offers free access to FICO Credit Score. Chevron also keeps you updated about changes in your credit score by sending notifications after every evaluation.
Fast and simple application process
Applying for a Chevron credit card is fast and simple. Application can be done online or at any Chevron or Texaco gas station.
Chevron Credit Card Rebate Program
Chevron credit card does much more than just guaranteeing a gas refill. The card’s rebate program is designed to save the smart motorist money on every gallon of gas purchased. The Chevron Visa credit card also offers rebates for every purchase made at Chevron and Texaco gas stations and anywhere else. The rebate program for this credit card comes at two levels. In the first level, you get 10 cents for every gallon of fuel you purchase if your monthly purchases equal or exceed $300.
This level is suitable for motorists who do not spend a lot of time on the road, and the $300 mark is easily attainable. The second level doubles the amount you get for every gallon spent, if your monthly purchases equal or exceed $1000. This basically means that you get 20 cents back for every gallon you buy. Even if you don’t spend that much on gas, the cut points are easy to achieve because every purchase is relevant, whether made at Chevron and Texaco gas stations or at your local department store.
However, it is important to note that the Chevron personal card has a limit on the rebates you can get. This card is meant for use only at Texaco and Chevron gas stations, and is not affiliated with major networks such as MasterCard. What’s more, the rebates are viable only for the first 60 days. Given the choice between the Chevron Visa and Chevron personal cards, the Visa card would be ideal if you are looking to save some money.
Chevron’s rebate program is appealing, but it has its shortcomings. Unlike other gas stations, Chevron does not offer rebates based on percentages, but rather on fixed returns. Intrinsically, the amount you save is affected by the dollar’s value, and substantial rewards may be difficult to attain when the price of gas rises, which has been the trend of late.
Chevron Credit Card Interest Rates
One of the best things about the Chevron credit card is that it does not have any annual fees. However, it still demands punctuality in making your payments as the APR rates are not exactly low. The APR rate for both the Chevron personal and Visa credit cards is 26.99%. Although these rates are common in the industry, they are nevertheless high when compared to most general credit cards. As such, it is important that you make your payments on time to avoid balances; otherwise the charges will erode all your rewards and leave you indebted. However, as long as you are punctual in clearing your payments, the Chevron credit card will be of great convenience for both your gas needs and other general purchases.