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Shell CC close?

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mattayy
Frequent Contributor
‎02-10-2015 07:53 PM
‎02-10-2015 07:53 PM

Shell CC close?

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? 

 

EQ: 634 TU: 649 EX: 658

Cap 1 Williams Sonoma Visa $6k, Amex Delta Reserve $4.4k Venture One MC $2.2k, Savor $1.1k, American Express Platinum $2K, Venmo Visa $900 , Credit One Amex $700, Credit One Visa $550, Kohls Visa $2k, Target RedCard $300, Amazon $400, US Bank $300
Message 1 of 11
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10 REPLIES 10
gdale6
Moderator Emeritus
‎02-10-2015 07:56 PM
‎02-10-2015 07:56 PM

Re: Shell CC close?

@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.

Message 2 of 11
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Anonymous
Not applicable
‎02-10-2015 11:06 PM
‎02-10-2015 11:06 PM

Re: Shell CC close?

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.

Message 3 of 11
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takeshi74
Senior Contributor
‎02-11-2015 05:47 AM
‎02-11-2015 05:47 AM

Re: Shell CC close?

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.

 

Message 4 of 11
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mattayy
Frequent Contributor
‎02-11-2015 06:32 AM
‎02-11-2015 06:32 AM

Re: Shell CC close?

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

EQ: 634 TU: 649 EX: 658

Cap 1 Williams Sonoma Visa $6k, Amex Delta Reserve $4.4k Venture One MC $2.2k, Savor $1.1k, American Express Platinum $2K, Venmo Visa $900 , Credit One Amex $700, Credit One Visa $550, Kohls Visa $2k, Target RedCard $300, Amazon $400, US Bank $300
Message 5 of 11
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TiggerDat
Valued Contributor
‎02-11-2015 06:40 AM
‎02-11-2015 06:40 AM

Re: Shell CC close?

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

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
Message 6 of 11
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Anonymous
Not applicable
‎02-11-2015 06:47 AM
‎02-11-2015 06:47 AM

Re: Shell CC close?

@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. Smiley Tongue

Message 7 of 11
TiggerDat
Valued Contributor
‎02-11-2015 07:25 AM
‎02-11-2015 07:25 AM

Re: Shell CC close?

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.

It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
Message 8 of 11
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money28
Regular Contributor
‎02-11-2015 10:52 AM
‎02-11-2015 10:52 AM

Re: Shell CC close?

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

Starting Score: 06/29/13 TU 579; EQ 585; EX 574
Current Score: 07/24/13 TU 645; EQ 668; EX 652
Goal Score: 740
Wells Fargo $700 / Merrick Bank $1000 / Fingerhut $1300 /
Gettington $1000 Walmart $600 HSN/1300 Express/700 Jcrew/1850
Jared $2000 Macys $2500 Bloomingdale $1000 Sony Card $1500
Amazon Store Card $900 Ann Taylor/880 American Airlines/1500 Shell/500 Capital One Quicksilver\ $500 Pier 1 $1500 \ Chase Zappos Visa $2500 Barclays Apple\$1200

Message 9 of 11
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mattayy
Frequent Contributor
‎02-11-2015 06:34 PM
‎02-11-2015 06:34 PM

Re: Shell CC close?

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

EQ: 634 TU: 649 EX: 658

Cap 1 Williams Sonoma Visa $6k, Amex Delta Reserve $4.4k Venture One MC $2.2k, Savor $1.1k, American Express Platinum $2K, Venmo Visa $900 , Credit One Amex $700, Credit One Visa $550, Kohls Visa $2k, Target RedCard $300, Amazon $400, US Bank $300
Message 10 of 11
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