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.
Product: DSRM National Bank Credit Cards
DSRM National Bank
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.
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.
DSRM National Bank
Otis White @otisw1
I've been a Valero card holder for 2 years. It's my favorite gas card because the rewards are much better than BP, Texico, Chrevron, Marathon and Shell (IF) you can manage to meet the 50 gallon monthly requirement. If you spend less than that, I would recommend that you get a gas card from some other company. The other companies will more than likely give you 3 or 4 cents off per gallon with no purchase requirements.
I like the fact that the Valero Credit Card does not charge an annual fee, as most cards do. I also like the fact that you can earn gas rewards up to .08¢ per gallon. But I don't think my likes outweigh my dislikes. I do not see myself using this card. For one you can only use it at a Valero station and where I live the closest one is about 30 minutes away. For two you cannot use this card to get cash back or withdraw cash from an ATM. One of the biggest benefits of having a credit card to me is being able to get money when you really need it. The third and final thing that I really don't like about this card is it has no smartchip. This is a big factor for me as it protects against theft. Overall I do not like this card. I don't think it would be a good fit for me.
This card is a bit of a mixed bag. The gas rewards of up to .08/gal is a nice plus, and if you drive a lot, you shouldn't have much of a problem hitting the top tier. Obviously the $0 annual fee is great as well. Also, if you don't have great credit you still have a shot at getting your hands on this card. However, there are a few things that hold this card back, and ultimately would lead me to say that you should search around before committing to this card. First off, there are a bunch of cards out there that offer rewards on grocery items as well as the gas. Secondly, now days, the lack of a smart chip is a big downside. Overall though, the thing that really hurts this card is the 23% APR, which is definitely on the higher end of gas cards - so if you are planning on carrying a balance, I would look elsewhere.
The Valero Gas Card has nice reward tiers when compared to other gas cards. I don't drive too much but would be able to get mid or high tier rewards consistently. I would definitely make sure to pay this card off every month because the rate is on the high end. No annual fee is nice though, I currently pay $99 for my rewards credit card. No smart chip is a downside, I wish that cards would move to it already for the extra protection.
You need a fair credit score to apply for the Valero Credit Card, and that's a score in the 650s - in range with what most gas-only credit cards require.
Of course, your entire credit history will be analyzed, so the credit score isn't the only thing they will factor, but it's the most important one. The initial credit limit should be somewhere in the $500-$1,000 range if you qualify.