topic Re: Shell CC close? in Credit Cards

Shell CC close?

mattayy — Wed, 11 Feb 2015 03:53:31 GMT

I've had my shell credit ard for a year and a few months and i really don't need it and i just looked and it shows a $25 annual fee which is ridiculous so I want to close it, will this affect my credit very much or no?

Re: Shell CC close?

gdale6 — Wed, 11 Feb 2015 03:56:07 GMT

@mattayy wrote:
I've had my shell credit ard for a year and a few months and i really don't need it and i just looked and it shows a $25 annual fee which is ridiculous so I want to close it, will this affect my credit very much or no?

If your util can handle the loss of the CL, close it.

Re: Shell CC close?

Anonymous — Wed, 11 Feb 2015 07:06:47 GMT

Do it. I closed mine 3 months ago, also after noticing the $25 AF on my ststement. With 5% cards, gas cards have become obsolete.

Re: Shell CC close?

takeshi74 — Wed, 11 Feb 2015 13:48:19 GMT

http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/m-p/347190?jump=true

@Anonymous wrote:
Do it. I closed mine 3 months ago, also after noticing the $25 AF on my ststement. With 5% cards, gas cards have become obsolete.

Some can qualify for a gas card when they can't qualify for a card with rewards on gas.

Re: Shell CC close?

mattayy — Wed, 11 Feb 2015 14:32:34 GMT

Yes very true, my Discover IT and BofA Cash rewards both get 2% back on gas.

Re: Shell CC close?

TiggerDat — Wed, 11 Feb 2015 14:40:54 GMT

What? Shell has a $25 AF on a gas card? (Make mental note to never apply for a Shell Card!)

Re: Shell CC close?

Anonymous — Wed, 11 Feb 2015 14:47:03 GMT

@takeshi74 wrote:
http://ficoforums.myfico.com/t5/Credit-Cards/Closing-Credit-Cards/m-p/347190?jump=true

@Anonymous wrote:
Do it. I closed mine 3 months ago, also after noticing the $25 AF on my ststement. With 5% cards, gas cards have become obsolete.
Some can qualify for a gas card when they can't qualify for a card with rewards on gas.

Not the Sinclair.

Re: Shell CC close?

TiggerDat — Wed, 11 Feb 2015 15:25:15 GMT

So, I have a question, is your card issued by Citi? I just read the terms and conditions for both the Drive for 5 and the Shell Platinum Select card and I don't see an AF for either of them. Do you have an old agreement? If so you could probably recon the AF.

Re: Shell CC close?

money28 — Wed, 11 Feb 2015 18:52:50 GMT

I have a shell card and I haven't received an annual fee as of yet.

Re: Shell CC close?

mattayy — Thu, 12 Feb 2015 02:34:55 GMT

yeah it is issued by citi its not the drive for 5 its the regular shell one

Re: Shell CC close?

CaSHMeRe — Thu, 12 Feb 2015 02:38:58 GMT

Before cancelling, call in and see if you can get the AF waived for atleast a year, if not for eternity. I'd start there before cancelling