Anyone have Citi Shell MC closed today?

[Rorer_714]

There have been reports of Citi closing Shell MC with no warning yesterday and today. Has this happened to anyone?

[squirrelgirl]

^

 

(I don't have this card, but I have other Citi branded cards - I'm curious!)

[Rorer_714]

This could be ugly if it is true:

 

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

letter haven't been mailed yet but will be and they will state an AA reason on the letter

 

they cannot be reopened

[WifeOfRoss]

I just have the Shell card....and mine is still good.

[TrevorHere]

Strange. And they had such a big campaign for this card over the summer.

[239dyme]

I Have the shell gas card also.....no problem here.

 

 

239Dyme in Floida

[Rorer_714]

I Have the shell gas card also.....no problem here.

 

 

239Dyme in Floida

Would you happen to know your EQ FICO score?

[Climbingbackup]

I have a shell card and a shell MC...all fine here.

[239dyme]

Hey Roger--714 My score as of now is 652. It was lower than that when I got my Shell gas card in May of this year.

 

 

239Dyme in Florida

[GEORGE]

This could be ugly if it is true:

 

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

letter haven't been mailed yet but will be and they will state an AA reason on the letter

 

they cannot be reopened

...AND IF YOU WERE NEVER LATE WITH THAT CARD...THEY ARE JUST TRASHING THE BUSINESS

[hinklesc]

Mine is fine, but I rarely use the card since Shell here is much more than other stations.

 

A coworker (whom I encouraged to apply for this card) just had hers cut off. You can not tell online, and only way is try to use it. She was declined at the pump this AM and had a $$14.4K limit. They are taking away LOTS of money. She used hers more than I do mine. I pumped in $3.05 today to see if card worked and topped off.

 

She called in and was told that they would be sending her a letter, and that all her rewards for the previous month are forfeited.

 

I just cannot get over how they just cut it whenever. No letter stating your card will be cancelled as of XXXX. Cut it off in the middle of the night like the power company turning you off for Nonpayment.

 

See, Citi sucks like the others (BOA, Amex).

[hinklesc]

Oh I did mention that she may want to call Citi and ask for another card they offer as they just reduced her limits with Citi by $14.4K. She is pretty upset about it though as it was one of the frequent cards she used.

[GEORGE]

Mine is fine, but I rarely use the card since Shell here is much more than other stations.

 

A coworker (whom I encouraged to apply for this card) just had hers cut off. You can not tell online, and only way is try to use it. She was declined at the pump this AM and had a $$14.4K limit. They are taking away LOTS of money. She used hers more than I do mine. I pumped in $3.05 today to see if card worked and topped off.

 

She called in and was told that they would be sending her a letter, and that all her rewards for the previous month are forfeited.

 

I just cannot get over how they just cut it whenever. No letter stating your card will be cancelled as of XXXX. Cut it off in the middle of the night like the power company turning you off for Nonpayment.

 

See, Citi sucks like the others (BOA, Amex).

IT IS "JUST BUSINESS"

 

WHAT A WAY TO RUN A BUSINESS

[Ron1]

My Shell Gas Card is still open. I used to have Shell MC and was converted to Driver's Edge. Now it is Citi Cash Returns MC.

 

Ron.

[vintagespeed]

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

wow, that's alot of pruning!

 

i wonder if this is the next new trend? might be good for some, but really bad for the rest.

[hinklesc]

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

wow, that's alot of pruning!

 

i wonder if this is the next new trend? might be good for some, but really bad for the rest.

 

Yeah if they are closing down accounts that have no history of late payments, no high utilization, and PIF almost every month.

[Denart]

This could be ugly if it is true:

 

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

letter haven't been mailed yet but will be and they will state an AA reason on the letter

 

they cannot be reopened

 

Is there a link for this information?

[Doodah]

My card is fine and dandy.

[Rorer_714]

This could be ugly if it is true:

 

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

letter haven't been mailed yet but will be and they will state an AA reason on the letter

 

they cannot be reopened

 

Is there a link for this information?

No link, was sent to me from an “informed source.â€

[Denart]

This could be ugly if it is true:

 

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

letter haven't been mailed yet but will be and they will state an AA reason on the letter

 

they cannot be reopened

 

Is there a link for this information?

No link, was sent to me from an “informed source.â€

 

 

Did the source indicate if this was a high unemployment, regional thing. Any rhyme or reason for the closures or just anyone below 700?

I don't have the card just curious.

Edited October 16, 2009 by Denart

[Rorer_714]

This could be ugly if it is true:

 

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

letter haven't been mailed yet but will be and they will state an AA reason on the letter

 

they cannot be reopened

 

Is there a link for this information?

No link, was sent to me from an “informed source.â€

 

 

Did the source indicate if this was a high unemployment, regional thing. Any rhyme or reason for the closures or just anyone below 700?

I posted word for word what was sent to me. Here is a FW thread that is also talking about it. Link

[toopooor]

130,000 co-brand oil accounts were closed due to low FICO scores.

 

Anyone with a FICO under 700.

 

wow, that's alot of pruning!

 

i wonder if this is the next new trend? might be good for some, but really bad for the rest.

I wonder if their CO rate on these cards was as bad as the HDMC?

[Itsuki Minami]

Citi seems to be doing this with other co-branded card. Not surprised any more. I thought the idea was to inject money back into the system, yet every where I look credit lines are cut, or completely removed from the system.

[snark]

Just talked w/Citibank Shell.

 

My card is OK.

 

They also TOTALLY deny this rumor.

[snark]

Went out, did something I haven't done in months....

 

Used my Shell card for gas....

 

It worked just fine,

 

 

EQ FICO 638.