Chevron and Texaco Personal Card Review

chevron personalThe Chevron and Texaco Personal Credit Card is mainly targeted at people who are trying to improve their credit and may not have the credit score necessary to qualify for a regular credit card such as the Chevron and Texaco Visa Card.  This card is not affiliated with MasterCard or Visa and as such, it can only be used for purchases at Chevron and Texaco stations.  It is issued by Synchrony Bank.

New account holders can earn fuel credits of 10 cents per gallon for the first 60 days that your account is open.  This promotional offer is good until March 31, 2015, and is valid for use at all Chevron and Texaco retails stations located in the U.S.  The maximum fuel credits card members can earn during the 60-day period is $300.  After this time period expires, cardholders are not eligible to earn any fuel credits with the Chevron and Texaco Personal Credit Card.

Card members have 24/7 cash access at any ATM displaying the Cirrus Symbol.  There are two requirements which must be met in order to qualify for this benefit:

  • Your account must be approved for cash access (which is determined when you are approved for the Chevron and Texaco Personal Credit Card)
  • Your credit limit must be at least $500.

Cash access is only available in the U.S. and Canada at the current time.

The application is available online at the Chevron/Texaco website.  You need to be at least 18 years old and have a valid Social Security number in order to apply.

This card charges cardholders an annual percentage rate of 26.99% on purchases.  People who are considering applying for this card should plan to pay off the entire balance due each month in order to avoid costly interest charges.

The Chevron and Texaco Personal Credit Card does not charge card members an annual fee.

The Facts

Below we have broken down the specific details of the Chevron and Texaco Personal Credit Card to help you determine if it’s worth signing up.

The Good:

Limited or bad credit may qualify:

People who are trying to repair their credit (or don’t have the FICO score needed to be approved for a Visa or MasterCard credit card) may find it easier to qualify for this card.  This is a perk for someone with a limited or bad credit history.

Signup bonus:

The Chevron and Texaco Personal Credit Card is currently offering new account holders the opportunity to earn 10 cents per gallon Fuel Credits on purchases made on the card within the first 60 days of account activation.  A maximum of $300 in Fuel Credits may be earned during this time period.  This offer is available at all Chevron and Texaco retail stations located in the U.S.  This offer ends on March 31, 2015.

Easy to apply:

People who want to apply for this card can simply go to the Chevron/Texaco website and fill out the online application.  Applicants must be at least 18 years old and have a valid Social Security number.

Access to cash at ATMs:

Card members get 24/7 access to cash at any ATM displaying the Cirrus Symbol.  To be eligible for this benefit, cardholders must:

  • Be approved for the cash access feature when their account is initially opened
  • Have a credit limit of at least $500

No annual fee:

There is no annual fee associated with this card.

The Bad:

Limited usage:

The card is only good for purchases made at Chevron and Texaco stations located within the U.S.  It is not associated with MasterCard or Visa so it is not accepted anywhere else.

Cap on Fuel Rewards:

New account holders are allowed to earn a maximum of $300 in Fuel Credits during the introductory 60-day bonus offer period.

The Ugly:

High annual percentage rate:

The Chevron and Texaco Personal Credit Card comes with a very high APR of 26.99% on purchases.  If you are considering getting this card to use for your fuel purchases, you should plan to pay your balance in full each month to avoid costly interest charges.

Limited rewards:

Other than the signup bonus (which expires on March 31, 2015) card members receive no rewards with the Chevron and Texaco Personal Credit Card.  Once the promotional 60-day period ends, you cannot earn any Fuel Credits with the use of this card.