CITI PUSHES CHASE OUT OF SHELL OIL FIELD.(Brief Article)

Shell Oil Products U.S. is switching its long-running cobranded card from issuer J.P. Morgan Chase & Co. to Citigroup Inc in January, according to a Shell spokesperson and an announcement in cardholders' November statements from Chase either Chase nor Citi spokespersons would comment on the switch. In January, cardholders will be given the choice of staying with Chase or switching to Citi o rewards will be lost, according to a source close to the negotiations. Chase will hold the receivables on the old card program, according to the source. It isn't clear what options Chase will offer to existing cardholders. Citigroup already runs the Shell private-label card. Chase wouldn't …