On August 22, GE Money Bank announced their new Chevron and Texaco Visa Rewards Credit Cards.

The cards offers several tempting features including:

• Gas credits up to 10¢ per gallon when you fill up at Chevron or Texaco Stations
• Gas credits of up to 3% of your total purchase when you buy non-gas items at a Chevron or Texaco.
• Gas credits of 1% when you use your card for anything, anywhere.
• No Annual Fee

Here’s the skinny on the promotional rates. The current offers are good through September 30, 2008.

From the official website:

This offer is available on new Chevron and Texaco Visa Card Accounts and Credit Card accounts approved between August 1, 2008 and September 30, 2008.

Promotional credit offer of $.30 per gallon is good for 60 days from the date the application is approved—on up to 200 gallons per billing month. Credits will automatically appear on the cardholder’s monthly statement. Offer is valid at all Chevron and Texaco branded retail stations.

A maximum of $300 in total Fuel Credits may be accrued and redeemed in any calendar year.

What we think:

Now, this is not a bad card, and the offers certainly look tempting enough - until they expire. But if you really want to maximize your rewards consider the alternatives:

• The Discover Open Road Card - You get a 5% rebate on gas and auto maintenance purchases, and you can buy your gas anywhere you want to. You also have the option to double your cash rebate by taking it in gift certificates from participating merchants. To read more about this card you can click here.
• The Chase BP Visa Card - 5% rebate on purchases at BP Amoco, 2% rebate on dining and travel purchases. No Annual Fee. You can read more about this card and it’s benefits when you click here.

All in all the Chevron and Texaco Rewards Visa has a nice initial package, but there are better reward cards out there.

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Keep Reading:

• Guide to Gas Station Credit Cards
• Choosing a Gas Rewards Credit Card to reduce your Gasoline Bills
• Editor’s Choice : Best Credit Card Recommendations

Photo Credit: ChevronTexacoCards.com

This entry was posted on Tuesday, August 26th, 2008 at 9:45 am and is filed under Credit Reports and Scores, Gas Credit Cards, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.