Chrysler MasterCard Review
A Card Just for Car Buyers
Chrysler offers a credit card called the , which allows you to redeem points for parts, service, or a new Chrysler, Jeep, Fiat, Ram, or Dodge vehicle. If you're looking to purchase a new car, the FCA Mastercard might help you save money on the purchase price.
Chrysler MasterCard Details
|Sign-up Bonus||$100 statement credit if you spend $100 on Chrysler products in your first month; $1,000 towards a new car if you spend $7,500 in your first year|
|Intro Purchase APR||0% for six months|
|Ongoing APR||16.24%-27.24%, based on your creditworthiness|
|Balance Transfer APR||16.24%-27.24%, based on your creditworthiness|
|Balance Transfer Fee||Either $10 or 5% of the amount of each transfer|
|Late payment fee||Up to $39|
|Foreign Transaction Fee||3% of each transaction in U.S. dollars|
Pros & Cons of Chrysler MasterCard
What We Like
5% cash back on Chrysler dealership purchases
Points double when redeemed at dealership
No points limit
What We Don't Like
Low sign-up bonus, unless you buy a car
Chrysler MasterCard Sign-up Bonus
New cardholders get a $100 statement credit if they spend $100 within the first billing cycle. The spending hurdle is relatively low, but so is the credit. However, if you spend $7,500 within the first year, you get a $1,000 credit towards the purchase of a new vehicle.
Earning Points & Rewards
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.
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.
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.
Points double when redeemed at a dealership on things like new tires, oil changes, and maintenance.
Chrysler MasterCard Additional Fees
|Returned Payment Fee||Up to $35|
|Cash Advance APR||27.49%|
|Cash Advance Fee||Either $15 or 5% of the amount of each cash advance|
Is This Card Right For You?
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.
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 DrivePlus Mastercard to pay for a portion of it. If you qualify, you may be able to save a fair amount of money off the purchase price.
Some of the rewards offered by the Chrysler MasterCard aren't nearly as good as the GM Flexible Earnings Card. The GM card gives you three percent back on all of your spendings, not just at GM dealerships, which you can use toward a new car. However, the card that's right for you may depend more so on what car you'd like to buy and the offers from that manufacturer.
If you want to apply for this card, go to the .