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The Jeep Rewards Visa Credit Card was last reviewed on : 28th September 2006
Summary - The Jeep Rewards credit card will appeal to those who would like to earn reward points and save money on a future Jeep purchase. Find out more about this car.
Reward Formula - The Jeep Rewards Visa Card has identical benefits as the Chrysler and Dodge Rewards Visa issued by Bank of America. These are all good auto credit cards. You earn 5 points for purchases at Chrysler, Jeep and Dodge dealerships, and 1 point for every dollar spent on other purchases. Your points are valid for 5 years and you can earn unlimited points.
You can redeem points for either a purchase or lease of a new or 5-star certified used Jeep vehicle, parts and service at Chrysler, Jeep or Dodge dealerships, extended warranties, Motor parts and Dodge accessories and other branded merchandise by these companies.
Fees and Rates - The Jeep Rewards Visa has no annual fee. The apr is either prime rate plus 5.99%, 7.99% or 9.99%. You get a 1.9% APR introductory offer for 6 billing cycles.
Verdict - To sum up, the Jeep Rewards Visa is a very good credit card. You get to earn a high 5 points per dollar for purchases at Jeep, Chrysler or Dodge dealerships. On top of that, you can use your points to buy or lease a new or used Jeep. (many auto credit cards gives only let you earn 1 to 2 points and only allow you to redeem points on a new vehicle purchase). The Jeep Rewards Visa gives you both a high reward payout and flexibility in use of points on your next Jeep.
PositivesEarn 5 points per dollar on purchases at Jeep, Chrysler and Dodge dealerships Redeem for either purchase or lease of new or used Jeep Earn unlimited points No annual fee Low APR if you get the lowest rate
Negatives
Points are valid for 5 years
| Jeep Rewards Visa Card | | Reward Benefits | | Signing Bonus | 2,500 points upon first purchase | | Reward Formula | Earn 5 points for every dollar you spend at Chrysler, Jeep or Dodge Dealerships
Earn 1 point for every dollar you spend on other purchases | | Caps on Points | Earn unlimited Points | | Points Expiry | 5yr | | Travel and Insurance Benefits | Up to $1,000,000 Automatic Travel Accident Insurance
Auto rental insurance
Lost ticket and luggage replacements | | Other Benefits | Zero Liability from unauthorized use of your card
Purchase Replacement1, which provides for repair or replacement for covered purchases that are stolen, damaged or lost at a known location, within 90 days of the date of purchase
Purchase Guard1, which will double the manufacturer's original United States (U.S.) warranty period for covered purchases with a warranty duration of 1 year or less | | Cost/Fees/Interest rates | | Introductory rate | 1.90% introductory APR for 6 months (purchase and balance transfers) | | Annual Fees | No annual fee | | Purchase APR | Prime Rate plus 5.99%, 7.99% or 9.99% | | Balance Transfer APR | Prime Rate plus 5.99%, 7.99% or 9.99% | | Cash Advance APR | Prime Rate plus 12.99%
min is 19.99% | | Penalty/Default Rate APR | Prime Rate plus 21.99%, min is 25.99% | | Min Finance Charge | $1.50 | | Grace Period | 20 days | | Balance Calculation Method | Average Daily Balance (including new purchases) | | Cash Advance fee | 3% min $10.00 | | Foreign Currency Conversion fee | 3% | | Over-the-credit-limit fee | $15 for balances less than or equal to $500
$29 for balances $500.01 to $1000
$39 for balances greater than $1000 | | Late Payment fee | $15 for balances less than or equal to $100
$29 for balances $100.01 to $250
$39 for balances greater than $250 |
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