Automobile Rewards Credit Cards: Chrysler MasterCard Review

Earn quintuple points on Chrysler, Jeep, Fiat, Ram, and Dodge purchases

Chrysler MasterCard
••• Credit: http://www.fcamastercard.com/apply-now

With the , you can redeem points for parts, service or a new Chrysler, Jeep, Fiat, Ram, or Dodge vehicle.

Chrysler MasterCard Basics

The Chrysler MasterCard was designed for Chrysler, Jeep, Fiat, Ram, and Dodge customers who want to earn credit card rewards toward future dealership purchases. Credit seekers with a good or excellent credit score (600+) have a good shot at being approved for this card.

This card offers zero percent APR on purchases for first six months, then a purchase rate of 15.24 to 26.24 percent on purchases and balance transfers after the introductory period. There is no penalty APR with this card.

Chrysler MasterCard Fees 
Annual FeeNone
Balance Transfer Feefive percent of balance or $10
Late Payment FeeUp to $37
Returned Payment FeeUp to $35

 

Pros and Cons of the Chrysler MasterCard

Like any credit card this MasterCard comes with its advantages and disadvantages:

Pros

  • No annual fee
  • No limit on points earned
  • Points don't expire for seven years
  • Points double in value when redeemed at an FCA dealership
  • Special financing for purchases over $499 at FCA dealerships

Cons

  • For Chrysler, Jeep, Fiat, Ram, and Dodge loyalists only

The Card's Rewards

For regular Chrysler, Jeep, Fiat, Ram, and Dodge customers, this credit card comes with some good rewards:

  • Five points per dollar on purchases at US FCA dealerships, including parts, repairs, accessories, and maintenance
  • Two points per dollar spent on gas or travel purchases
  • One point per dollar on everything else

Chrysler MasterCard Review

With this loyalty rewards credit card, you earn five points per dollar on qualifying purchases made at FCA dealerships, including a new vehicle purchase or lease, parts, repairs, accessories, and maintenance.

You also earn two points per dollar on qualifying travel or gas purchases and one point per dollar on all another spending.

You can use your points to buy tires, get discounts on service and parts, and oil changes at FCA dealerships, or to purchase or lease a new Chrysler, Dodge, Ram, Jeep, or Fiat vehicle (at participating dealerships). You can also redeem them for many other rewards, including donations to charity, gift cards, or cash back.

There's no limit on the number of points you can earn, and points expire on a first-in, first-out basis after seven years.

The card comes in Chrysler, Fiat, Jeep, Dodge and Ram varieties. There's no pre-set spending limit, although your actual limit will be at the discretion of the card issuer, First National Bank of Omaha.

Recommendation

If you're looking to buy a Chrysler, Jeep, Fiat, Ram, or Dodge vehicle soon, and want to earn rewards toward your next car, check with the dealership to see if you can use this card to pay for part of it. If so, you may be able to knock some serious dollars off your next car. Just be sure you can pay off the balance, or get low-rate financing to pay it off.

Both the Toyota Rewards Visa and the Lexus Pursuits Platinum Visa let you do that, although there are limits on the number of points you can earn and redeem on a new card.

As far as automobile rewards cards go, the new Chrysler MasterCard isn't nearly as good as the GM Flexible Earnings Card, which gives you three percent back on all of your spendings, not just at GM dealerships, which you can use toward a new car. But which card is better for you really depends on which manufacturer's cars you prefer.