Shell Gas Credit Card Review by AskMrCreditCard.com
Shell Gas Credit Card Review
Summary - The Shell Gasoline Credit Card is a credit card that can be used at Shell Stations. It is not a Visa or MasterCard. However, it has no annual fee and is a very good card for those looking to build their credit. Let's take a closer look at the card in more detail.
Features - The Shell Gas credit card allows the cardholder to use it at all Shell stations and pay-at-the-pump or pay-in-store. You can use the card to make not just gasoline purchases, but any purchase at Shell stations. You can pay Shell Gas credit card at pay-at-the-pump. As a signing bonus, you will get a $25.00 credit if you use your card four times within 60 days. You can also withdraw cash (take a cash advance) from any ATM machine which is compatible with Cirrus (which is nearly every ATM machine these days).
Annual Fee and APR - There is no annual fee for the Shell Gas credit card. The apr is prime rate plus 14.99%. The Shell gasoline card uses the average daily balance method (including new purchases) to calculate monthly balances. Unlike most credit cards, you get a 25 days of grace period if you paid your previous balance in full (versus 20 days for most cards these days).
Payments reported to credit agencies - Though it is not a visa or mastecard, the Shell gas credit card reports your monthly payments to credit agencies. As this card has no annual fee, it is a good starter card for those looking to build their credit.
Manage Shell Credit Card account online - You can also manage your Shell credit card account online, including your Shell credit card payment online.
Conclusion - The Shell Gas Card from Citi is not a visa or MasterCard and can only be used at Shell stations. It would be suitable for those who fill up at Shell stations, but more importantly, this card will help those looking to build their credit. You only need an annual income of $2,000 to apply for this card (your credit score will obviously be checked). If you are looking to start building a credit history, this card offers a low cost (in fact NO annual fee) way to do so. Most other credit cards, prepaid cards or catalog cards designed for those with no or poor credit come with high fees like one-time application fees, monthly maintenance fees. With the Shell gasoline card, there is no annual fee. If you make your monthly payments on time, you will soon be getting other card offers in the mail.
- No annual fee
- Get a $25.00 credit if you make 4 purchases with the card after 60 days
- Allows you to build a credit history
- Can only be used at Shell stations
|Shell Gas Credit Card|
|Annual Fees||No annual fee|
|Purchase APR||Prime Rate plus 14.99%|
|Cash Advance APR||Prime Rate plus 14.99%|
|Penalty/Default Rate||Prime Rate plus 23.99%|
|Min Finance Charge||$2.00|
|Grace Period||25 days|
|Balance Calculation Method||Average Daily Balance (including new purchases)|
|Cash Advance fee||5% ,min $5.00|
|Late Payment fee||
$15.00 - if balance is between $51 and $150.99
$29.00 - if balance is over $151.00