Shell MasterCard cash back rewards decrease
Citi and Shell announced that the co-branded Shell MasterCard will reduce cash back rewards on fuel purchases from 3 percent to 1 percent. The card is no longer being issued and Shell hopes to transition to a customer loyalty program rather than credit card rewards programs.
The card previously offered one percent cash back rewards on all other types of purchases; customers will now receive .25 percent cash back.
The new customer loyalty program, Shell’s Drivers Club, is similar to an airline reward program. It doesn’t matter how the fuel is purchased, but club members will earn reward points for all fuel purchases. Points are accumulated and can be redeemed for fuel vouchers, or at more than 100 retailers selling electronics, home décor, clothing and jewelry.
