Fraudulent billing practices - After a few months of using the Valero card for our truck fleet, I noticed that I was being charged late fees. I was sending in payment 10 days prior to the due date, so it struck me as odd. After calling Valero (WEX) I learned that on two occasions they were holding my payment until it was 1 day late, and then charging late fees. I canceled the account with a $0.00 balance. However, I continued to receive billing statements for monthly fees, and then an additional 32.99% interest for not paying the monthly fees on top of that. Even after calling and confirming the account was canceled, the bills keep coming. Now I am just waiting for a collection agent to call so I can try to deal with it that way.
This company is horrible please don't get a credit card with them. You can't talk to anyone on the phone about you credit card. I paid my bill somehow my bank denied the payment. I got a 200.00 late fee from Valero's when my payment was 58.00. I'm hiring a company to fight this charge. I hate Valero's!
I have been a card customer for over 6 months.. Haven't had any issues with service. But as for using in a Circle K In Kentucky or Indiana NOPE.. The card isn't good at any of them so far. And still haven't seen any mention on my credit that i even have a card with them. I got the card as part of credit building but if it wont report then i will be canceling it.
Thank you for excepting me into the Valero family and I know you approved me because my payments are on time even if my history is a little over 2 years old. I messed up while young and started over with a secure card that eventually approved a unsecure card with a balance increase. This was great to receive as I have to ask others to drive me anywhere due to a seizure disorder & now I can use this card then pay it off each month. My son does a lot of driving as a timber faller and this is great for him to fill up to and helping me get to stores with the extra bonus of helping my credit score get even better. I set my son up not to make credit mistakes as a young man of 20 and he is doing fantastic. So thank you I will be using it for the first time this week and my little town only has one station I can use this at but I'm not complaining. I am curious it says you can use at Circle K which we have one but it isn't a fuel station just a store so can it still be used there anyway? Thank you!!
Valero gave me a chance when others wouldn't. Yes, it has high intrest. But i have 4 or 5 Valeros in my town. So this card serves its purpose. I also travel back to see my children and grandchildren. This is a 7 hour drive and there are plenty of Valeros on my way. This is a absolute plus for me.
I applied for the card. They turned me down. They said my score was 500’s when it was really up in the 600’s. Don’t know where they got that from but I was offended. They could have made up a better reason.
First off, gas cards are the same as store cards, and they come with high interest rates. Carrying a balance is not a good idea with them. As a matter of fact, years ago, all gas cards were strictly charge cards, and the full balance was due every month. The Valero Credit Card comes in handy if you do a lot of driving, and you have at least a few Valero stations where you drive. I keep it only for the fuel discounts and because it's a closed-end card that cannot be used anywhere else. If you have teens or grown children who drive, you might allow them to use it to purchase fuel without having to worry about them going on shopping sprees. The 23% interest rate on the Valero Card is actually a good deal for a gas card. Most run around 28 to 30%. Still, you really shouldn't carry a balance with a gas card, and as long as you don't, the interest rate is irrelevant.
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Product: DSRM National Bank Credit Cards
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Michael Kemp @bigislandman99
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I don't drive enough to get ANY discounts. The website to pay is absurd. Multiple questions, social security AND password-and none of them allows your computer to remember them! Just cut up my card. NOT WORTH THE HASSLE!
U state that I can use my Valero card at circle k stores yet at every above mentioned store it says unknown card. And when u take it into the store to have a clerk try they look at u like your an idiot and ask u what the hell is a Valero gas card
I read all these reviews with IDIOTS trashing this card and comparing it to such things as Disney Chase Visa cards and such . . . Here it is in a nutshell. It is a basic gas card to purchase fuel at Valero allowing you to not load up your Visa or Mastercard credit cards. People complaining about APR 1) really have no business having credit cards anyway as they should not live off them or run balances and 2) you knew the APR when you signed up or should have . . . dear lord people are so moronic to trash a card because they have some sort absurd expectations. It's like leaving a bad review for a restaurant because you were put on a wait when you arrived. get over yourselves people.
Anyone trying to build or rebuild their credit should take heed here. Banks tend to shy away from those who appear to be living off their credit cards, even when they pay on time every month. This applies to credit limit increases as well as opening new accounts. Carrying
large balances and maxing out gas cards is not a good practice for building or rebuilding credit. It's common behavior of those who are most likely to default.
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DSRM National Bank Credit Card Q&A
Get answers to your questions about DSRM National Bank Credit Cards below. For more general questions, visit our Answers section.
You can use your Valero Credit Card for fuel purchases at more than 5,200 locations on the Valero network.
Here's where you can use your Valero Credit Card:
Valero
Shamrock
Beacon
Diamond Shamrock
Circle K stores
Keep in mind that Valero Credit Card doesn't belong to any credit card network (like Visa or Mastercard), so you will only be able to use it at the gas stations and stores affiliated with Valero.
You can find the closest location where your Valero Credit Card is accepted online.
The Valero Credit Card credit score requirement is 640 or better. This means that you need at least fair credit to get approved for this card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Valero Credit Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.
Since all these criteria are taken into consideration, you might be able to get approved with a slightly lower credit score. But it's best to wait to apply until you meet the Valero Credit Card credit score requirement. You can check your credit score for free on WalletHub.
The starting credit limit for the Valero Credit Card is determined on a case-by-case basis. The issuer does not include any specific Valero Credit Card credit limit information in the card's terms.
For the most part, the Valero Credit Card credit limits depend on each applicant's overall creditworthiness. Those with the highest income and best credit scores will generally be offered the highest starting credit limits.
Keep in mind that you can ask to get a Valero Credit Card credit limit increase. The easiest way is to call customer service at (800) 333-3560. But it's best not to ask more than once a year. Paying on time and keeping your credit utilization low are key for getting credit line increases.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
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