Is this a good gas card to have? My credit limit is $500.00 to start with. I only have 3 other credit cards. BofA Cash award/ 1500 Limit/ Barclay Choiceprivileges Visa 450 Lmit and Exxon Mobil Citi 600 lmit.
My Fico score TU 666/ EQ 657/ EX602
My Goal is to get to 750 by 2014 Could i reach that goal by paying my bill on time and not applying for andy CC until 2015?
Not sure what the promo is right now but unless you get the Visa version of the card which I believe gives you 10 cents off a gallon not much purpose otherwise.
But you get 1 GE card and that will open you to so many other GE cards... once they like you, they usually will keep giving.
be sure to click for credit line increase every 4 months, it grows very slowly!
Thank you for responding! Now my card should arrive any day now. So by me having 1 GE card now they will be sending me cc offers in the mail with about 1year time?
you probably won't receive pre-approvals from them... but usually if your approved for 1, you can get many more if you want... last week a post showed someone getting I think 4 out of 5 GE backed cards they applied for... some places give higher limits over others and bigger CLI...
No. Why pay 26.99% interest on already ridiculously expensive gas?
You'll get $0.10 off a gallon for 60 days. No real benefits after that. You will save way more money with a cash rewards credit card.
Also your card will be useless once the earth runs out of fossil fuel
No one needs to pay interest on gasoline. Just use it and pay it off every month. I did that and my card grew from a 300 CL to 1200. They just bump it up a few hundred every four months or so; some of the increases I asked for and some were just given while I was not paying attention.
It's a great card to have for credit-building.