03-12-2009 11:04 AM
I have had the Chevron store card since August 2006 with a starting CL of $300. I received a $100 increase one year later and have maintained a $400 CL since September 2007.
This account has been in good standing and mid-high balance, made a $110 payment last month. I have not had any CLI requests on this account so I called CS. I inquired about the Chevron Visa (fuel credits, no AF, etc) and decided I'd go for the Visa (hard pull) rather than the Store (soft pull for CLI). I was approved for the Visa, don't know the CL yet.
Did I make a smart move? I'm *assuming* I'll have a higher CL on the Visa than the store card which would help my utilization.
Should I leave the Chevron store card open with a $0 balance (charge every once in a while) to avoid hurting my length of credit?
03-12-2009 11:19 AM
I haven't looked at that card in a while. Does the Visa offer any gas discounts? What are the APRs for each one?
I'd say keep both, but only use the one which benefits you the most on a regular basis.
03-12-2009 12:21 PM
looks like visa gives you 10c off and 3% and 1% rewards.
also has apr tiers 13.99, 15.99, 18.99 or something close to that vs. 21% regular card.
was thinking about asking for ours to be upgraded, but I use speedway exclusively with Chase speedway card and get 5 cents but gas is at least 10 cents cheaper then chevron in my city.
03-12-2009 01:18 PM
Question= Why not convert the store card to the visa and keep that trade line open?
for some reason they do not convert!!