August 26, 2008 By Liz Morris

Oil & gas company Chevron last week launched the Chevron and Texaco Visa Credit Card, with an improved gas rebate formula over previous offerings.

The Chevron and Texaco Visa offers 10 cents per gallon in fuel credits when the card is used for fuel purchases at Chevron and Texaco stations, 3% in fuel credits for non-fuel purchases at Chevron and Texaco, and 1% in fuel credits on purchases everywhere else. Chevron previously had offered credit cards with limited-time promotional rebates or no gas rebates at all; this new Visa card puts the company more in line with the offerings of many other major oil companies.

The Chevron and Texaco Visa is being issued in partnership with GE Money.

For more information or to apply for the Chevron and Texaco Visa, click here. If you’d like to compare this new card to other gas credit cards on the market, click here.