I'm going to be doing a lot of driving during the upcoming year (commuting to school to take a few classes), and I was thinking about how much it was going to cost for gas and all that... At first I was thinking I'd just use my debit card as usual but then I was thinking maybe I should go with a gas card, just cause it'd be easier to have all the time- and it might build my credit (?).
Anyone know anything about gas cards, how they work/interest rates/possible benifets/etc?
does a gas card build credit?
ugh and by that you mean pretty crappy? I was just lookin at the ExxonMobil card, and they charge friggin 21% variable interest!! Not to mention that the grace period is LESS than a month (26 days), and there is a minimum finance charge of $1.50!
Man, why do people even bother with these things? I really wanted a gas card just for the convience, but I'm not paying almost another quarter on every dollar just for that. Might as well get a regular credit card, but then I gotta control myself and not buy turbo parts with it haha...
Man, why do people even bother with these things? I really wanted a gas card just for the convience, but I'm not paying almost another quarter on every dollar just for that. Might as well get a regular credit card, but then I gotta control myself and not buy turbo parts with it haha...
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skydragoness
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skydragoness
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What about the Shell card? I think it's a little bit better.
Fixed apr is best, even if it's a little high, your'e going to have to deal with it, (since it would be your first card) better than having it change all the time. After 6 months or so you could upgrade to a better card, etc etc. Go through your bank-- I find they usually have the best to offer than online sign-up cards and such. As for me, i have yet to do this yet. Credit cards are the devil, i haven't got one yet.
Fixed apr is best, even if it's a little high, your'e going to have to deal with it, (since it would be your first card) better than having it change all the time. After 6 months or so you could upgrade to a better card, etc etc. Go through your bank-- I find they usually have the best to offer than online sign-up cards and such. As for me, i have yet to do this yet. Credit cards are the devil, i haven't got one yet.
yeah I know about credit cards (and how I am unable to control myself with them--- thats why I dont have one haha), I was just hoping that the gas cards would be a little bit better option with lower interest rates and restricted purchaces (I can only buy gas with it...). Apparantly not so far... I've checked out ExxonMobil and Texaco, next is Shell...
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Rockenreno
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I like the exxon card because it comes with speed pass. You just wave the little keychain they give you at your pump. Don't even need to take out your wallet.
I have BP and Exxon cards, the interest rates are high but like it was said, if you pay it off within 30 days you don't have to worry about the interest.
I have BP and Exxon cards, the interest rates are high but like it was said, if you pay it off within 30 days you don't have to worry about the interest.
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skydragoness
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You could also just get a personal equity loan from your bank. Take out like $1000k or something manageable, and you'll have fixed monthly payments and a fixed rate. And it would look good to creditors. I'm thinking of this route, because i think i want to have a spare KA in case anything goes wrong with the one i have now. (probably for not another 60k--pushing 108k now 
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Rockenreno
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skydragoness
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Rockenreno
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you guys really don't know what you are talking about. for establishing credit, the best things you can have are utlities records in your name, paid on time. also great is a credit card. also, paid on time. They would rather have some one that pays their bills on time then someone that doesn't and defaults.
ok, well...I had utilities records in my name for my apartment for a year, and several credit cards. one of my friends had bank records in his name (checking and savings) since before high school (we are both 22). We both applied at a place requiring good credit. He was turned down, because he has only had a credit card for a year or so on one card, and the place said "its not that you have bad credit, you just haven't established any credit. We don't count savings and checking accounts."I was approved.