There were many things Sharon needed to learn once she purchased her purple Jeep Wrangler, affectionately known as 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.
She’s also learned about the tradition of Jeep ducking and keeps a supply of ducks on hand if she needs one.
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 National Bank of Omaha, 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?
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.
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
- 7% cash back on FCA Dealership purchases – includes parts, repairs and maintenance
- 2% cash back on purchases everywhere else
- Earn $200 in bonus points when you spend $10,000 within the first 12 billing cycles after your account is open.1
Foreign Transaction Fees
The Jeep Rewards Mastercard charges a 3% 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.
What are your options when redeeming rewards with the Jeep Rewards 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
- 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.
Rewards earned with the card expire seven years after they are rewarded
Is it worth getting?
The Jeep Rewards Mastercard has no annual fee so you have to look to see 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.
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 this card would make sense. That would be for people that 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.
You’d have to spend the money at the dealership. You could earn 7% back on all of those purchases. 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 savings.
The Jeep Rewards Mastercard isn’t as bad as some other co-brand cards I’ve seen. It’s a 2% cash-back card with additional earning potential on Jeep expenses. That’s better than almost any other no-annual-fee card.
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