Credit Cards

[turninganewleaf]

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?

[mjgray]

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.

[Creditaddict]

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. 

[cartercorp]

Question= Why not convert the store card to the visa and keep that trade line open?

[Creditaddict]

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cartercorp wrote:
Question= Why not convert the store card to the visa and keep that trade line open?

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for some reason they do not convert!!

[cartercorp]

thanks credit..