Gone are the days when the only credit cards that gas stations would take were their own private-label cards. Nowadays, most people buying gas on credit are using general-purpose credit cards. And it’s no wonder: Proprietary gas cards, which can only be used at certain gas stations such as Shell, Chevron or BP, often come with mediocre rewards, high interest rates and an array of restrictions. The number of gas card accounts has been falling.
The Meteoric Rise And Hard Fall Of Gas Station Credit Cards
Claire Tsosie, NerdWallet.com
Wed, 03/30/2016 - 10:29am
Topics: bp if david robertson united states lewis mandell the credit card industry history opec u.s the federal reserve consumers texaco it s gray taylor conexxus five card minimum high apr carrying confusing university buffalo chevron speedway the exxon mobil feb exxon mobil sunoco citgo penfed platinum rewards visa signature® blue cash preferred card american express bankamericard cash rewards offers forty robertson u.s news world claire tsosie image shell nilson report i at mandell mandell the mobil rewards it s valero but apr visa card nerdwallet fall gallon general-purpose purchases cents deal number terms accounts people dollar fee annual began notes purchase started stores grocery stays dropped days poor gallons year balance earn embargo stopped supermarket spent cost valuable store
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