Chrysler DrivePlus Mastercard® Review

In today’s market, credit cards offer a wide array of benefits and rewards, making it crucial to choose one that aligns with your financial needs and lifestyle. The Chrysler DrivePlus Mastercard® from First National Bank of Omaha is a compelling option for those who are loyal to FCA US brands like Chrysler, Dodge, Jeep, Ram, FIAT, and Alfa Romeo. This review will provide an in-depth look at the Chrysler DrivePlus Mastercard®, examining its features, benefits, and potential drawbacks to help you make an informed decision.

Chrysler DrivePlus Mastercard® Review

The Chrysler DrivePlus Mastercard® stands out for its generous rewards program and enticing introductory offers. Designed to cater to FCA US vehicle owners and enthusiasts, this card provides exceptional value with its cash back rewards, statement credits, and bonus certificates toward new vehicle purchases. Here’s what you need to know about this credit card:

Rewards Program

The Chrysler DrivePlus Mastercard® offers a tiered cash back rewards structure:
– 5% Back on FCA US Purchases: This is a significant reward for those who frequently purchase from FCA US dealerships. Whether it’s vehicle maintenance, accessories, or even a new car, you can earn substantial cash back on these transactions.
– 2% Back on Gas and Travel Purchases: For those who spend a lot on fuel and travel, this card offers a decent return. This reward category includes purchases made at gas stations, on airfare, hotels, car rentals, and more.
– 1% Back on All Other Purchases: While not as competitive as some other cards, the 1% cash back on everyday purchases still adds up over time.

Bonus Offers

– $1,000 Bonus Certificate: One of the standout features of the Chrysler DrivePlus Mastercard® is the $1,000 bonus certificate. To earn this, you need to spend $7,500 within your first year of card membership. This certificate can be applied toward the purchase of a new FCA US vehicle, making it an excellent incentive for those planning to buy a new car.
– $100 Statement Credit: When you spend $100 on FCA US purchases within your first billing cycle after opening the account, you receive a $100 statement credit. This effectively reimburses you for your initial spending, adding immediate value to the card.

Introductory APR

The card offers a 0% introductory APR on purchases for the first 6 billing cycles from the transaction date. This can be advantageous if you plan to make large purchases and need some time to pay them off without incurring interest charges.

Regular APR and Fees

After the introductory period, the APR ranges from 21.24% to 30.24% variable, which is relatively high. It’s essential to pay off your balance in full each month to avoid these steep interest rates. The card has no annual fee, making it cost-effective for long-term use. However, be aware of the following fees:
– Balance Transfer Fee: Either $10 or 5% of the amount of each transfer, whichever is greater.
– Cash Advance Fee: Either $15 or 5% of the amount of each cash advance, whichever is greater.
– Late Payment Fee: Up to $40.
– Returned Payment Fee: Up to $35.

Chrysler DrivePlus Mastercard® Key Takeaways

– Generous Rewards: 5% back on FCA US purchases, 2% back on gas and travel, and 1% back on all other purchases.
– Attractive Bonus Offers: $1,000 bonus certificate toward a new FCA US vehicle and $100 statement credit.
– No Annual Fee: This makes it a low-cost option for cardholders.
– Introductory 0% APR: 0% introductory APR on purchases for the first 6 billing cycles.
– High Regular APR: Post-introductory APR ranges from 21.24% to 30.24% variable.

Chrysler DrivePlus Mastercard® Pros and Cons

Pros

No Annual Fee

One of the most appealing features of the Chrysler DrivePlus Mastercard® is the absence of an annual fee. This makes it an excellent choice for those who want to earn rewards without the burden of additional yearly costs.

Generous Rewards Program

The card offers a solid rewards structure, especially for FCA US purchases. Earning 5% back on these purchases can lead to significant savings, particularly for those who frequently buy from FCA US dealerships.

Attractive Bonus Offers

The $1,000 bonus certificate and $100 statement credit add substantial initial value to the card. These bonuses are particularly beneficial for those planning to purchase a new FCA US vehicle.

Introductory 0% APR

The 0% introductory APR on purchases for the first 6 billing cycles provides flexibility for cardholders who need time to pay off large purchases without incurring interest.

Cons

High Regular APR

The regular APR ranges from 21.24% to 30.24% variable, which is relatively high compared to other credit cards. It’s crucial to pay off your balance in full each month to avoid steep interest charges.

Limited Balance Transfer and Cash Advance Options

The card’s balance transfer and cash advance fees are relatively high, and the APR for these transactions is also steep. This makes the card less suitable for balance transfers or cash advances.

Foreign Transaction Fee

The card charges a foreign transaction fee, making it less ideal for international travel. If you frequently travel abroad, you may want to consider a card with no foreign transaction fees.

Chrysler DrivePlus Mastercard® Benefits

Purchase Protection

The card offers purchase protection, which can cover eligible purchases against damage or theft within a certain period. This benefit provides peace of mind when making significant purchases.

Fraud Protection

Fraud protection ensures that you are not held liable for unauthorized transactions made with your card. This is a standard benefit with most credit cards but is essential for safeguarding your finances.

Travel Benefits

While the card charges a foreign transaction fee, it does offer some travel benefits such as rental car insurance and travel assistance services. These can be useful for frequent travelers.

Rewards Redemption

The cash back rewards earned with the Chrysler DrivePlus Mastercard® can be redeemed in various ways, including statement credits, gift cards, and merchandise. This flexibility allows you to choose the redemption option that best suits your needs.

Customer Service

First National Bank of Omaha provides reliable customer service, with options to manage your account and pay your bill online. You can also contact customer service for assistance with any issues or questions you may have.

Easy Online Account Management

Managing your Chrysler DrivePlus Mastercard® account is straightforward with the online portal provided by First National Bank of Omaha. You can view your transactions, track your rewards, and make payments conveniently from your computer or mobile device.

Conclusion

The Chrysler DrivePlus Mastercard® from First National Bank of Omaha is a robust credit card option for those who are loyal to FCA US brands. With its generous rewards program, attractive bonus offers, and no annual fee, it provides substantial value to cardholders. However, the high regular APR and foreign transaction fee are potential drawbacks that should be considered.
If you frequently make purchases at FCA US dealerships and are planning to buy a new FCA US vehicle, the Chrysler DrivePlus Mastercard® can be an excellent addition to your wallet. The 5% cash back on FCA US purchases and the $1,000 bonus certificate toward a new vehicle purchase offer significant savings. Additionally, the 0% introductory APR on purchases for the first 6 billing cycles provides flexibility for managing large expenses.
On the other hand, if you carry a balance from month to month or frequently travel internationally, the high regular APR and foreign transaction fee may outweigh the card’s benefits. In such cases, you might want to explore other credit cards with lower APRs and no foreign transaction fees.
Ultimately, the Chrysler DrivePlus Mastercard® is best suited for FCA US vehicle owners and enthusiasts who can maximize the card’s rewards and benefits. By carefully evaluating your spending habits and financial goals, you can determine if this card is the right fit for you.
For more information and to apply for the Chrysler DrivePlus Mastercard®, visit the [First National Bank of Omaha website](https://www.fnbo.com/personal-banking/credit-cards/chrysler-driveplus-mastercard/).