I just got my Chevron-Texaco Visa in the mail and I'm incredibly excited. My other rewards card I used primarily for the last 4 years (Citi Plat Dividend) as well as most other card agreements I've read, required me to build up $50 before seeing any of my rewards. For a student trying to save a lot and spend very little, it usually takes me 6-12 months to build that up enough to request it.
But this card gives me my rewards card back every month! I already had strict (irrational?) brand loyalty to Chevron gas anyway, so saving 10 cents a gallon (that's 4% at current gas price), and getting the same 1% rewards everywhere else anyway, means no more waiting. The only catch is that the rewards are in the form of fuel credits, not cash, but there is a 100% chance I will fill up at Chevron in any given month, so that's no biggie to me. And I love that it's not a rebate or check, but an automatic statement credit. (Plus, $20 gas card just for signing up. ) APR is average, but I pay in full each month, so that's irrelevant to me.
Could there possibly be a better rewards card anywhere on earth, for someone who doesn't spend a trillion dollars each month? I know Conoco-Phillips/76/Shell/ExxonMobil/etc have their own cards too, does anyone have any experience with them or other similar cards?
I think statement credits are a great form of reward. Having no threshold to meet is even better. Very simple and fair to the "little guy".
Continued good luck.