Bad News for Shell Mastercard from Citi Cardholders

[OllyM]

Received a letter today from Citibank... http://www.3.je/citicard.pdf

Basically it's turned rubbish, 3% on fuel down to 1%, purchase cashback down from 1% to 0.25% and a cap on cashback at £120 per annum.

Time to ditch and switch I think!

 

[PeterNem]

I'll be canceling mine and just using my Egg Money card then

 

[Tesla]

What % does Egg give back Pete?

 

[PeterNem]

1% on all purchases

 

[Saytan]

i got this letter of fail this morning. unfortunately right now i also need to change my balance transfer card (i'm stoozing, go me) so i cant be making applications to replace it right now....

 

[Siliconslave]

damn it, back to the drawing board

anyone else doing decent cash back at the moment? might just get an Amex card to stuff shell over for being so cheap

 

[Diesel]

Might as well get the Amex card and use the introductory 5% for three months and hope something better comes along.

 

[meghatronic]

Might as well get the Amex card and use the introductory 5% for three months and hope something better comes along.

Why do they call it a Platinum card when it bloody isn't though?

 

[numnutz]

Why do they call it a Platinum card when it bloody isn't though?

Because an American Express Plastic wouldn't sound as appealing

 

[lordrobs]

Oh well, was good whilst it lasted.

My one got cloned and since then the helpfull chaps on the other side of the globe haven't set my online account up again so I may resign it completely to the bin.

 

[paradigm]

Well, that's my card going then.

 

[OllyM]

They've shot themselves in the foot a bit I think - I won't be loyal to Shell any more, I'll just fill up wherever I happen to be when I need fuel as there isn't the 3% incentive, and they've changed the Drivers Club scheme to make that rubbish too.

I guess they realised it was unsustainable and they were losing a fortune so that's why they've changed it.

 

[SeatIbiza]

I guess they realised it was unsustainable and they were losing a fortune so that's why they've changed it.

Whilst you might be right I don't think we should worry about our friends at shell:

http://www.telegraph.co.uk/finance/...Shell-profits-skid-57pc-in-first-quarter.html

However, they continue to be as cheap, or cheaper than the supermarkets around SW London...

 

[Django x2]

yer, got my letter today. FAIL

 

[OllyM]

Whilst you might be right I don't think we should worry about our friends at shell:

http://www.telegraph.co.uk/finance/...Shell-profits-skid-57pc-in-first-quarter.html

However, they continue to be as cheap, or cheaper than the supermarkets around SW London...

Shell themselves are still making money, I expect Citibank weren't doing too well out of the deal though!

 

[Siliconslave]

yer, 3% is a much more than citibank would make on the interchange - they 'may' have clawed it back on the card fees etc but i imagine that the majority of people using the card would be doing so specifically for the cheap fuel and thus would pay it off monthly.

Shame really, was good while it lasted... time to get some platinum in my pocket

 

[Django x2]

Well CITI group were in the poop big time a few months ago so I can only imagine that his stems from this

 

[Sootie]

1% on all purchases

Its 1% on purchases however it also has a £1 a month fee if you are opening a new card (its free if you have an existing Egg Money card)
However, the price promise and extended warranty might make up for it - have a look here

 

[Jez]

****

I gain absolutely loads of cashback through this scheme, to the tune of hundreds and hundreds per year. I feared that it would end as it did seem too good to be true. Thats another 3% on the cost of fuel then added to all of the upcoming duty and vat rises.

 

[PeterNem]

Its 1% on purchases however it also has a £1 a month fee if you are opening a new card (its free if you have an existing Egg Money card)
However, the price promise and extended warranty might make up for it - have a look here

Fortunately I've had the card pretty much since it was first released

****

I gain absolutely loads of cashback through this scheme, to the tune of hundreds and hundreds per year. I feared that it would end as it did seem too good to be true. Thats another 3% on the cost of fuel then added to all of the upcoming duty and vat rises.

Same, although luckily the M5 is parked most of the week now as I now get the tube to work rather than driving.