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Added December 9, 2010 from: Beverly Blair Harzog
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Answered By Beverly Blair Harzog:

I'd like a gas rebate credit card. I have an experian score of 618. Do I qualify for a credit card?

Most credit card issuers are going to look at your FICO score instead of your Experian score. If you have not requested your FICO score, then you need to do so. After you request a credit report from Equifax, you'll have an opportunity to order your FICO score.

The scoring systems differ, so it's hard to guess what your FICO score is. The ranges are similar (Experian scores range from 330-830; FICO scores range from 350-850), but the components that make up each score are weighted differently so I don't want to even begin to guess your FICO score.

In general, gas rebate cards are best for those who have good to excellent credit and who pay their bills in full each month. The reason is because these cards tend to have higher interest rates.

Now, if you find that your FICO score isn't high enough to qualify for either card, consider a branded gas card that offers rewards, such as Texaco. Warning: The APRs on gas cards can run very high, so this is not advisable unless you know you'll pay the balance off every month. As with any credit or charge card take the time to read the disclosure statements carefully before you apply.

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