Related Credit Card Article

"Citi cuts perks on credit card"

By admin | September 22nd, 2009 | Cash Back & Rewards

Over the years rewards based credit cards and cash back credit cards have become very popular amongst many consumers who want to earn a little something back from the credit card companies rather than simply paying the firms interest.

Those that have benefited most from these credit cards are those that clear their credit card balances in full each month, as these are the people that do not have to pay any interest and also get to earn rewards or money back for using their credit card in the usual way.

However, in the current financial climate, with credit card firms along with other financial institutions trying to shore up their finances, some credit card companies have used these cash back and rewards schemes to try and claw back some revenue.

They have done this be either cutting the perks that are offered on the credit cards or by making customers spend more on the card before they can get their hands on the rewards.

It has been reported that the financial giant Citi is now cutting the perks on its Shell cashback credit card, and this will see the level of cashback that consumers can earn slashed as of next month.

Previously customers with this credit card were able to earn 3 percent cash back on purchases made at Shell forecourts, and then 1 percent cash back on purchases made elsewhere, but these levels are set to plummet.

From next month customers using the card at Shell forecourts will earn only 1 percent cash back, which is just a third of the previous level, and the amount of cash back that can be earned on purchases from other places will be slashed by seventy five percent, falling from 1 percent cash back to just 0.25 percent.

Tags: shell cash back credit card, citi credit cards

Related Articles:

• Save money on your fuel by using your credit card

  Consumers that spend a lot of time on the road – and a lot of money on fuel for their vehicles – could now benefit from a new rewards based credit card that will enable them to save money on the cost of their fuel by simply spending on their credit card in the normal...

• Is a cash back card the right choice for you?

  There are many different rewards based credit cards around these days, with cards offering everything from air miles and reward points to discounts and travel rewards. There are also cards that offer a percentage of cash back on all purchases that are made on the card. Generally the percentage is only low, such as 0.5...

• Cash back credit cards becoming more popular

  A recent report has suggested that cash back credit cards are increasing in popularity, as consumers try to make the most of their spending and try and earn something back from lenders in the current difficult financial climate rather than paying interest to lenders. Officials have said that in the current financial climate many people...

• Cash back deal from American Express cut

  In the current difficult financial climate rewards based credit cards such as cash back credit cards have become more popular amongst those that want to make the most of their credit card spending and earn a little something back from the credit card firms rather than end up paying the companies for the privilege of...

• Loss of Credit Card Perks

  If you have taken out a credit card and have used some of the little perks that the credit card companies gave you to entice you to join up with their card, is set for change. Instead of having your purchases protected with insurance and some offered cover for your car in case of a...

Other Recent Articles

Use of credit cards declines whilst payday loans increase

It seems that many consumers may have switching from spending on credit card that can sometimes come with high rates...

By Reno | February 10, 2012 | Read More

Useful Tips for Credit Card Holders

Modern technology offers comfort and convenience that is often helpful for people in a fast paced everyday living. With just...

By admin | February 7, 2012 | Read More

Credit card decision by Lloyds could have serious effect on charities

For many years now, a range of leading and well known charities have been able to boost the levels of...

By Reno | January 28, 2012 | Read More

Many have to rely on credit cards to make ends meet

There was a time when people had credit cards to enable them to pay for occasional larger, more expensive items...

By Reno | January 26, 2012 | Read More

Brits increasingly dissatisfied with credit card providers

According to recent reports, Brits are becoming increasingly dissatisfied with their credit card providers, particularly in the case of the...

By Reno | January 20, 2012 | Read More