Review: Chrysler Credit Card

The Chrysler Mastercard is offered in partnership with First Bankcard, allowing you to earn reward points toward future Chrysler and sister company purchases as well as other potential rewards. (Chrysler’s sister companies, all owned by FCA US, include Jeep, Dodge, Ram, Fiat & Mopar.) Our overview / review of the no-annual-fee Chrysler credit card is below:

The Chrysler Mastercard is accepted at Chrysler & FCA (Jeep, Dodge, etc.) dealerships and anywhere else Mastercard is accepted. We like this wide acceptance — it makes the card more useful than many credit cards that can only be used at certain store chains or individual merchants. However, it is questionable whether it actually makes sense to use it outside Chrysler & FCA dealerships if you have better rewards credit cards for those purchases.

The Chrysler credit card Drive Plus rewards program offers points toward Chrysler & FCA vehicle purchases and parts, but you can also use your points toward other rewards including travel, gift cards, cash/statement credit, merchandise, or unique experiences. There is no maximum point allowance toward the purchase of a vehicle, so if you really rack up the points, you could get a nice discount. (Points expire after 7 years, though, so you can’t accumulate them forever.)

Points are earned in the following ways:

  • 5 points per dollar on card purchases made at Chrysler & FCA dealerships, including parts, repairs, maintenance and accessories.
  • 2 points per dollar on gas purchases and travel purchases.
  • 1 point per dollar on purchases everywhere else.

In addition, you’ll earn a bonus $100 when you use the card at a Chrysler or FCA dealer for the first time. Also, if you use the card for at least $7500 in purchases in the first year, you’ll earn a $1000 bonus certificate toward the purchase of certain new Chrysler and FCA-brand vehicles (not all vehicles eligible, however).

While we couldn’t find a definite formula for the value of these points, the credit card industry standard is for a point to equal a penny, and we assume that is the case with the Chrysler credit card, too.

All told, the Chrysler credit card would be worth carrying if you are a current Chrysler, Dodge, Jeep, or Fiat owner who tends to buy parts and accessories at the dealer, because this is the fastest way to get points. If you aren’t an owner, you could earn more points with another cash rebate credit card and use those toward buying a Chrysler vehicle.

That said, if you are interested in the Chrysler MasterCard you can apply via this online application.