The Jeep Rewards Visa card, issued by Bank of America, is a platinum credit card with a unique rewards program that works in conjunction with Chrysler, Jeep and Dodge to provide benefits to cardholders. This card is designed for those with good credit standing who have an interest in Jeep products and services and purchase them often, or who are planning to purchase them in the near future. Because this is a specialized rewards program, those not interested in Jeep products should look elsewhere for a cash back or point-accumulation credit card.
In the rewards program, cardholders earn 1 point per dollar spent on general purchases, and 5 points for every dollar spent at a Chrysler, Jeep or Dodge dealership. Members also receive 2,500 points as a bonus at the time of their first purchase with the card. Points can be redeemed towards the purchase or lease of any new, used or Five Star Certified Pre-Owned vehicle at a Chrysler, Jeep, or Dodge dealership. Points also count towards parts or service at these participating dealerships. This includes oil changes, tire rotations, tune-ups, body work, and more. Finally, points can be redeemed for an extended vehicle warranty or for Mopar Parts and Authentic Jeep Accessories by Mopar Branded merchandise. Redemption of points can be done online or at participating locations.
Because the Jeep Rewards Visa is a platinum credit card, it also includes standard platinum member benefits, including but not limited to travel insurance, auto rental insurance, emergency travel and medical services, extended warranties on certain purchases, and zero liability for unauthorized charges. Members are given benefits packets upon receiving their card which explain their particular benefits in detail.
This card offers an introductory APR of 1.9% for the first six months. The standard APR for purchases and balance transfers after the first six months is reasonable, although not as low as some other cards, presumably because of the strength of the rewards program offered. Cardholders should avoid carrying balances month to month whenever possible to avoid high finance charges that may accumulate. This card has the advantage of no annual fee. All other charges associated with usage, including a $35 over-the-credit-limit fee, are the same as those of most comparable credit cards.
A cardholder who makes purchases at Chrysler, Jeep, or Dodge, or who is planning on making vehicles purchases there in the near future, may benefit immensely from this rewards card. One who keeps their card balance paid down and has a strong credit record will be able to avoid high finance charges and use this card to its best advantage.
