Review: Chevron Texaco Credit Cards

chevron-texaco-credit-cardChevron Corporation, in partnership with Synchrony Bank (formerly known as GE Capital Retail Bank), offers consumer and business credit cards that allow you to buy on credit at Chevron and Texaco and potentially earn rebates. Our overview / review of each card is below:

Consumer Credit Cards

The Chevron / Texaco Techron Visa card offers you a 3-cent rebate per gallon on Chevron & Texaco gas purchases. You can also earn additional rebates if you use the card outside of Chevron and Texaco. Specifically, you’ll get an extra 10-cent-per-gallon rebate on your Chevron/Texaco gas purchases in a month if you’ve also spent at least $300 on non-gas purchases with the card in that month. If you’ve spent at least $1000 in non-gas purchases, the per-gallon gas rebate goes up to 20 cents.

For the first 4 months that you have the card, you’ll also get 5% cash back on those non-fuel purchases, which is nice. However, you need to realize that after those first 4 months, you’ll get no reward on your non-gas purchases, which makes the value proposition here a lot worse. Spending over $1000 on your card in a month to get a 20-cent rebate on just your gas purchases means you’re unlikely to get a better return with this card than you would with one of the top cash back cards on the market.

Note that if your credit history is not good enough to qualify for the Chevron/Texaco Visa, you may be approved for the Chevron/Texaco Techron Advantage Card, which can only be used at Chevron and Texaco locations. This card offers the 3-cent-per-gallon rebate on gas, but nothing more.

For either of these cards, watch out for the terrible 28.49% interest rate! You do not want to carry a balance on these credit cards!

Business Credit Cards

There are 2 Chevron / Texaco credit cards for business customers who buy significant amounts of gas each month, usually for those who manage a fleet of vehicles and want to give employees the option to gas up on credit. The 2 options are:

  • The Chevron and Texaco Business Access Card, which allows you to get rebates of up to 6 cents per gallon on your fuel purchases.
  • The Chevron and Texaco Business Card that can only be used at Chevron and Texaco stations, and offers no rebate.