Chase Manhattan announced yesterday it is beefing up and simplifying its ‘Shell MasterCard’. As of June 1, the $70 annual cap on rebates will be eliminated on gasoline and non-gasoline purchases. Chase and Shell also announced they have increased the rebate on Shell gasoline purchases to 5% from 3%. However the rebate for non-gasoline purchases will drop from 2% to 1%. The MasterCard program is the largest gasoline co-branded credit card in the market and ranks among the top 10 co-branded programs nationally. Chase revealed Tuesday that more than $300 million in rebates have been earned by cardholders since the card’s inception in Oct 1993. According to CardData there are an estimated 2.7 million ‘Shell MasterCard’ cards-in-force.
The Shell MasterCard from Chase has just become an even better deal for those who want to earn free Shell gasoline. As of June 1, the cap on rebates will be eliminated on gasoline and non-gasoline purchases made with the Shell MasterCard, and cardholders will have no limit on the free Shell gasoline they can earn.
Responding to customer feedback and market research, Chase and Shell have increased the rebate on Shell gasoline purchases to 5%. The card also offers a 1% rebate on other Shell MasterCard purchases.
“The Shell MasterCard gives its customers a quicker and easier solution to their purchasing needs,” says Sam Morasca, Shell vice president of marketing and brands management. “The Shell MasterCard offers more value, and makes a greater commitment to our customers’ needs,” Mr. Morasca said.
“The Shell MasterCard’s new reward structure provides our customers with added value by giving them an increased opportunity to earn unlimited free gasoline by using the card,” says Michael Urkowitz, Chase executive vice president in charge of the credit card business.
The Shell MasterCard from Chase is the largest gasoline co-branded credit card in the market. Over $300 million in rebates have been earned by cardholders since the card’s inception. In addition to earning rebates by using the card at participating Shell retail outlets, the card is accepted virtually everywhere worldwide. The Shell MasterCard from Chase can be used at more than 15 million stores, restaurants, hotels and other locations worldwide, and these transactions also earn valuable rebates. It also offers cash access at over 728,000 banks and ATM locations worldwide, and features a dedicated 24-hour customer serviceline. To apply for the card, customers may call 1-800-FREE-GAS. Chase’s credit card portfolio has more than 20 million accounts and over $30 billion in outstandings. Chase is the fourth largest bank card issuer in the United States, and its joint venture with First Data Corporation is the largest merchant processor in the U.S.
Chase has assets of over $365 billion. Chase provides integrated solutions that meet its customers’ payment, savings, investment, insurance, credit and financial planning needs. It has relationships with more than 30 million consumers coast to coast. For all those who work hard to achieve or sustain a good life in a world of enormous opportunity and challenge, Chase is the complete financial resource and ally that makes life easier.
Shell is the number one selling gasoline in the United States, sold through more than 10,000 Shell branded stations nationwide.