Texaco Shell Gas Card

From LoveToKnow Creditcards

The Texaco Shell Gas Card offers an instant rebate on fuel purchased at a Shell station. With gas prices on the rise, this is an attractive option for many people.

A discount on gas is an attractive option.

Rewards for Credit Card Holders

There are a number of rewards credit card companies are offering to customers these days. In addition to discounts on gas purchases, consumers can also collect air miles, get cash back, or get money for college.

Interest rates vary, depending on the card you choose, and cards that offer a rewards program usually carry a higher interest rate. Experts recommend that if you are going to apply for a card that offers a reward program, you should be paying off your balance in full every month. Otherwise, the higher interest rate you are being charged means you may not be any further ahead by accepting the rewards the card offers.

Texaco Shell Gas Card Rewards

Whereas other cards offer customers a three percent discount on gas purchases, this gas card gives consumers a five percent break on the price of Shell gas, along with one percent back on all other purchases.

Annual Fees

There is a $20 annual fee attached to the Texaco Shell Gas Card, but if you make at least nine gas purchases over the year, this fee is waived. New customers are not required to pay this fee for the first year.

Low Introductory Interest Rate

For the first six months after getting the card, customers enjoy a zero percent APR. The company also gives a $20 credit on the card to new customers. Since this type of card is administered by Citibank, you will reap the benefits that come with dealing with this institution. Check your credit card account online or call the Customer Service number for any questions or concerns you may have.

Gas Discount by the Numbers

If you are wondering whether getting a five percent rebate on your gas purchases is a good deal or not, consider the following:

When the price of gasoline is at about $4.00 per gallon, a five percent discount works out to approximately $0.20 per gallon. If you buy 15 gallons of gas, you have just saved $3.00 off the purchase price.

Benefits of Having the Texaco Shell Gas Card

This credit card offers a number of benefits to card holders:

Five percent rebate on gas purchased at a Shell station
One percent rebate on anything else you buy with your card
Five percent discount on the first $100 in purchases made at Jiffy Lube
Access funds from your credit card account through an ATM
Contact a customer service representative by phone 24 hours a day, seven days a week
Zero percent interest for the first six months
A $20 credit on the account when you open it

Having a certain period where you don't have to pay interest on your purchases is a great benefit, but you should be sure to find out how much you will be charged after the interest-free period is up. This fact should be considered before you apply for the card.

Another factor to keep in mind is whether there are Shell gas stations located close to where you live and/or work. If you have to drive out of your way to get the better price for a fill-up, then it may not make any economic sense for you to do so.

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