Auto Credit Cards



The auto credit cards section is organized as follows. We first highlight the different types of auto credit cards, followed by our recommended auto cards. This is then followed by a brief discussion on auto card strategies. Lastly, we will list a directory of auto credit cards.

Types of Auto Credit Cards

Basic Auto Credit Cards - The most basic auto credit cards allow you to earn more than one point for every dollar you spend on a particular auto product (typically two points for every dollar). You earn one point for every dollar you spend on other purchases. The Volkswagen Platinum Visa Card with Rewards is a typical example.

Auto Credit Cards that let you earn more than 1% rebates for ALL purchases

These types of rebates cards only exist in the auto credit card sector. You earn a certain percentage rebates (more than 1%) for ALL purchases. The best examples is the GM Card, which pays a 5% rebate on ALL purhchases. The Chase Subaru Mastercard® is another example. You can earn 3% rebates for ALL purchases which can be used towards the purchase of a new Subaru, or any Subaru parts.

Citi Drivers Edge

Then there is the Citi® Drivers Edge Platinum Select® Card, the only card of its kind. With this card, you can use rebates to redeem for the purchase or lease of a new or used, domestic or foreign vehicle. This is the most flexible auto card available today.

Recommended Auto Credit Cards

citi drivers edge
We recommend the Citi® Driver's Edge® Platinum Select® Card citi drivers edge as it is the most flexible auto credit card in the market today. You can redeem rebates for the purchase or lease of a new or used, domestic or foreign vehicle. For the first year, you can earn 6% rebates for purchases at standalone supermarkets, gas stations and drugstores. Furthermore, if you change your mind about using rebates for your auto purchase, you can always redeem them for reward items on Citi's ThankYou Redemption Network reward program. You can use up to $2,500 rebates per vehicle. You can earn up to $500 in rebates in one year. These rebates are valid for 5 years. The Citi® Driver's Edge® Platinum Select® Card citi drivers edge is best combined with other dedicated auto credit cards for maximum savings.

auto credit cards
No other auto credit card allows you to earn 5% rebates on ALL purchases except for the GM Card. The only catch to this is that you can only redeem up to a certain amount when you purchase a new GM vehicle. This amount ranges from $1,500 to $3,500 depending on the vehicle model. When combined with the Citi® Driver's Edge® Platinum Select® Card citi drivers edge, you can potentially save anywhere between $4,000 and $6,000 on your new GM purchase.

chase subaru mastercard
The Chase Subaru Mastercard® allows you to earn 3% rebates on all purchases. Though the rebate is not as high as the GM Card, 3% for ALL purchases is still very good. Once again, you can combine this with the Citi Drivers Edge to really save some money on our next Subaru purchases.


Directory of Auto Credit Cards

Citi Drivers Edge Platinum Select Card
Intro APR 0% for 12 months (balance transfers)
APR Prime Rate plus 5.99%
Annual Fee No annual fee
Rebate Formula Earn 1% rebate for purhases. You can redeem up to $2,500 on next vehicle purchase or lease, new or used, domestic or foreign
Earn 6% rebate during the 1st year for purchases at standalone supermarkets, gas stations and drugstores
Earn 3% rebates on "everyday purchases" after first year
Points Expiry 5 years
Caps on Rebate $500 a year
citi drivers edge
Full Review
Apply Online

GM Card
APR 0% Full Intro through the first 12 billing cycles, go to P+ 4.99% (Floor 10.99%), P+ 9.99% (Floor 15.99%), P+ 11.99% (Floor 17.99%)
Annual Fee No annual fee
Signing Bonus Earn 5% rebate on first 2 balance transfers made within 60 days
Rebate Formula Earn 5% rebate for purhases. Redeemable for purchases or lease of NEW GM Car, trucks or SUV (excluding Saturn, Saab or Hummer H1)
Points Expiry 7 years
Caps on Rebate Earn unlimited rebates, but there is a cap on rebates you can redeem for each GM vehicle.
gm card
Full Review
Apply Online

Chase Subaru Mastercard
Intro APR 0% for 9 months for balance transfers
APR Prime Rate plus 7.99% or 9.99% or 14.99%
Annual Fee No annual fee
Credit Limits Depends on individual
Point Formula Earn 3% Subarubucks rewards on Subaru purchases, Earn 1% rebate on all other purchases
Points Expiry Do not expire - you care given a coupon once you have earn 100 Subarubucks
Caps on Rebate Up to 500 Subarubucks ($500 rebate coupons)
chase subaru mastercard
Full Review
Apply Online

Volkswagen Platinum Visa
Intro APR No introductory APR
APR Prime Rate plus 6.99%
Annual Fee No annual fee
Point Formula 2 points per $1 spent on Volkswagen purchases, 1 point per $1 spent on other purchases
Points Expiry 5 years
Caps on Rebate Earn unlimited points
auto credit cards
Full Review
Apply Online






 RSS
RSS Feed For This News



 

Credit Card Reviews and Tips News Home | Archives | Articles | Links | About