Home Credit Cards We Know You Love Your Jeep But Should You Get The Jeep Mastercard?

We Know You Love Your Jeep But Should You Get The Jeep Mastercard?

by joeheg

There were many things Sharon needed to learn once she purchased her purple Jeep Wrangler, affectionately called Jeep Jeep. She needed to learn a new set of social norms shared between Jeep owners, such as the Jeep Wave. For those of you who, like me, didn’t know, this is a real thing. Jeep owners are so proud of the car choice that they need to reaffirm their love whenever they see someone driving the same car as them.

JW

Jeep knows they have a loyal fan base so what better way to monetize that than with a co-brand credit card. After our new vehicle purchase, we were sent a monthly invitation to apply for the Jeep DrivePlus Mastercard with Maximum Rewards.

I wouldn’t think that right after making a huge, possibly financed, purchase would be the best time to sign up for a new card but maybe First Bankcard, the issuer of this card knows more than I do.

I like looking into these credit cards that many people overlook. Is there something here worth taking advantage of? What does the Jeep Mastercard have to offer?

Jeep DrivePlus Mastercard

The link to sign up for the card goes to a page featuring cards for all of the different FCA (Fiat Chrysler Automotive) brands. I picked the one for Jeep.

applynow1-new

Annual Fee

No Annual Fee

Sign Up Benefit 

New customers will earn a $100 Statement Credit when they spend $100 on FCA US dealership purchases in their first billing cycle

When we were getting targeted mailers for this card, we were offered a $100 bonus with our first FCA US in-dealer purchase or 0% APR on new purchases and balance transfers.

Spending Bonus Categories

  • 2% back on gas and travel purchases
  • 5% back on FCA US purchases – includes parts, repairs and maintenance
  • 1% back on purchases everywhere else 

I give them credit as the exact list if merchant codes that will count for 2% back on travel purchases are clearly spelled out.

Travel Purchases are Net Purchases made at any merchant whose MCC is classified by the payment card industry as “Local Suburban Commuter Passenger Transportation-Railroads, Ferries, Local Water Transportation” (MCC 4111), “Passenger Railways” (MCC 4112), “Taxicabs and Limousines” (MCC 4121), “Bus Lines, Including Charters, Tour Buses” (MCC 4131), “Cruise Lines/Steamships Lines” (MCC 4411), “Airline, Air Carriers (not listed elsewhere)” (MCC 4511), “Travel Agencies and Tour Operations” (MCC 4722), “Package Tour Operators (for use in Germany only)” (MCC 4723), “Toll and Bridge Fees” (MCC 4784), “Transportation Services (not elsewhere classified)” (MCC 4789), “Direct Marketing-Travel Related Arrangements Services” (MCC 5962), “Lodging-Hotels, Motels, Resorts, Central Reservation Services (not elsewhere classified)” (MCC 7011), “Specific Airline Codes” (MCC 3000-3299), “Specific Car Rental Company Codes” (MCC 3351-3441), “Specific Hotel and Resort Codes” (MCC 3501-3833), “Timeshares” (MCC 7012), “Car Rental Companies Not Listed” (MCC 7512)

$1000 Bonus Certificate

You can earn a $1,000 bonus certificate toward your next new FCA US vehicle when you spend $7,500 in your first year. Model restrictions apply. See Dealer for Program Details. For current model eligibility, click here. You need to use the certificate within one year of its issuance.

Foreign Transaction Fees

The Jeep DriveTime Mastercard charges a 2% foreign transaction fee. Leave this card at home when traveling outside the US in favor of a card that doesn’t charge any foreign transaction fees.

Redemption Options

What are your options when redeeming rewards with the Jeep DriveTime Mastercard?

  • Cash Back – you can get your rewards back as a statement credit, direct deposit to a bank account or as a check.
  • Travel – you can use your points to book travel (Air, Hotel and Rental Cars)
  • Gift Cards/Certificates
  • Merchandise
  • FCA parts (including Mopar® parts and accessories) and services at participating FCA US dealerships; to purchase or lease a new or used Chrysler, Dodge, Jeep, Ram or FIAT vehicle at participating FCA US dealerships

When redeeming your points for FCA rewards, your points are worth double.

Rewards Expiration

Rewards earned with the card expire seven years after they are rewarded

Is it worth getting?

The Jeep DriveTime Mastercard has no annual fee so you have to look at if getting the card would keep you from getting another card and if the rewards are worth applying for the card.

What other no-annual-fee cards are available? Instead of applying for this card, you could apply for the Chase Freedom Unlimited card which is currently offering a 3% back on the first $20,000 you spend on the card for the first year.

You can earn 2% back on travel and fuel purchases but there are better travel credit cards that provide from two to three points per dollar on travel expenses like the Chase Sapphire Preferred or Citi ThankYou Premier. I’ve also listed the best cards to use for gas expenses here.

Maybe you’re over 5/24 and can’t get a new Chase card or don’t want to pay the annual fee for a card like the Sapphire Preferred. You can always get a card like the Citi Double Cash and earn 2% back on every purchase.

I can see a niche of customers for whom for this card would make sense. People who spend a lot of money on official Jeep parts and accessories. Now, this isn’t the person who just spends a ton of money on their Jeep at places like the “Jeep-boree” we went to in Tennessee.

ji_scroller_3

You’d have to spend the money at the dealership. You could earn 5% back on all of those purchases. If you then spend the money you earn on more items at the dealership, you’d get double the value for those points, or 10%. That’s a decent return but you’d need to spend a lot of money to have that one benefit make sense. And you’d also be paying dealership prices for everything which might eat up your 10% savings anyway.

Final Thoughts

The Jeep DriveTime Mastercard isn’t as bad as some other co-brand cards I’ve seen. The ability to earn 2% back on gas and travel expenses and 5% back at Jeep dealerships make it a decent card for earning and if you’re actually going to spend that money at the dealership, the double value of points means you’re actually getting 4% to 10% back. That’s better than almost any other no-annual-fee card. You just need to spend the rewards at the Jeep dealership to unlock that value. If you’re that type of person,

JEEP WAVE!!!!!!!

Jeep

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This post first appeared on Your Mileage May Vary

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