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Regular Contributor
turninganewleaf
Posts: 140
Registered: ‎08-08-2007

New Chevron Visa Approval

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?

FICO 8/5/10; TU 724, EQ 702
FICO 6/9/09: TU 669, EQ 658, EX ???
FICO 7/20/07: TU 540; EQ 595, EX 544
Regular Contributor
mjgray
Posts: 224
Registered: ‎02-04-2008

Re: New Chevron Visa Approval

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.

Mega Contributor
Creditaddict
Posts: 18,820
Registered: ‎10-23-2007

Re: New Chevron Visa Approval

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. 

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Established Contributor
cartercorp
Posts: 851
Registered: ‎07-01-2008

Re: New Chevron Visa Approval

Question= Why not convert the store card to the visa and keep that trade line open?
Mega Contributor
Creditaddict
Posts: 18,820
Registered: ‎10-23-2007

Re: New Chevron Visa Approval


cartercorp wrote:
Question= Why not convert the store card to the visa and keep that trade line open?
for some reason they do not convert!!

 

Fico Scores: EQ 639 Navy, TU 665 GE, EX 677 Prosper (07-09-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Fidelity Amex $25k (AU)
Lowest Limit: Buckle $250
Over 30 Cards in between :smileytongue:
Established Contributor
cartercorp
Posts: 851
Registered: ‎07-01-2008

Re: New Chevron Visa Approval

thanks credit..

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