Review: Nissan Credit Card

Car maker Nissan, in partnership with Synchrony Bank, offers a credit card that allows you to earn points toward Nissan or Infiniti vehicles, parts, service, etc., as well as other rewards. Is it worth giving it a place in your wallet? Our review / overview of the card is below:

The Nissan Visa offers reward points based on the following formula:

  • 5 points per dollar on purchases at Nissan & Infiniti dealers
  • 5 points per dollar on gas purchases
  • 3 points per dollar for restaurant/dining purchases
  • 1 point per dollar on everything else

Points can then be redeemed on a penny-per-point basis (e.g., 10,000 points = $100) if the points are used toward the purchase or lease of a Nissan or Infiniti vehicle, or if redeemed toward service/parts/accessories at Nissan or Infiniti dealerships. Points can also be redeemed for cash back, but at a much less attractive rate: only a half-penny per point (e.g., 10,000 points = $50).

Here at Credit Card Catalog, we are not usually fans of credit cards tied to a car make. You earn decent points, but have very limited redemption options. The Nissan Visa is no different, although the 5 points per dollar on gas purchases is an attractive feature if you really, really are sure you want to save up rewards toward a Nissan vehicle or service/parts. Overall, though, this card seems like it will attract a limited audience. (Check out other reward cards with more flexible redemption options here.)

Depending on your credit history, this card may have a 17.99% interest rate or 23.99% rate. Neither one of those rates is great, so be sure you are always paying your full balance each month, or the interest you pay will essentially cancel out the rewards you receive.

If you’d like to apply for the Nissan credit card, you’ll find an online application here.