Credit card that offers fuel rebates
October 29, 2007
A rewards based credit card has been launched that offers fuel rebates to customers, enabling cardholders to spend on their card and enjoy getting rebates on the cost of diesel and petrol.
The card has been launched by Shell in conjunction with CitiBank and is a MasterCard. The card should prove useful to those that drive a lot, enabling them to save some money on the rising cost of fuel whilst enjoying the ease and convenience of spending on a credit card.
Cardholders will be able to benefit from a sixty day introductory offer, where they can get a rebate of 6% on fuel from any Shell forecourt. In addition to this customers will be able to enjoy a rebate of 2% on other purchases that are made on the card. However, rebates that are accrued on the card can only be used on fuel purchases made at Shell stations. These rebate levels are only available for the first sixty days, and then the rebates levels drop to 3% on purchases from Shell stations, and 1% on other purchases.
One industry professional said that the card is well suited to those that pay off their balance in full each month, stating: “The new scheme should appeal to those looking to get something back from their card provider. With a more than fair conversion rate based on your spending, it should reap a healthy reward for many users. But, as with any reward card, they only make real financial sense for users who don’t carry over a balance to the next month. An incentive can soon be wiped out if you are paying over the odds in interest. Make sure the total deal works for you.”
Alan Wright
29th October 2007
Recent posts:
- Women working harder to cope with rising mortgage costs
- Effects of housing market cooling start to show
- How effective is the Lloyds TSB charge reduction?
- Ridley quits Northern Rock
- No change for interest rates in UK
Related Articles
- Global now to come under Madasafish brand Global Internet is now to become part of the Madasafish brand according to a recent announcement by the parent company of both brands, Brightview. From the
- Avoid becoming the victim of negative equity warn experts A number of industry experts are warning homeowners and first time buyers to avoid becoming the victims of negative equity in light of recent predictions
- Increase in energy switching amongst consumers In 2005 energy prices in the UK rocketed, leaving consumers to face sky high bills for gas and electricity usage. However, following a fall in wholesale
- Insurers may not cover people in high risk flood areas In June and July of this year many areas of the UK were severely affected by torrential rain resulting in severe flooding. This flooding caused thousands
- Act quickly to avoid becoming victim of repossession Over recent months repossessions in the UK have soared, as interest rate rises have resulted in higher repayments for homeowners, which they often cannot keep
Comments
Got something to say?