Dodge DrivePlus Mastercard® Review

In the diverse world of credit cards, finding a card that aligns perfectly with your spending habits and financial goals can be a daunting task. However, for those who are devoted to the FCA US brand and are frequent gas and travel spenders, the Dodge DrivePlus Mastercard® from First National Bank of Omaha might be a compelling option. This review will delve into the specifics of this credit card, examining its rewards structure, fees, benefits, and overall value proposition.

Dodge DrivePlus Mastercard® Key Takeaways

Rewards Structure

The Dodge DrivePlus Mastercard® offers a tiered rewards structure that can be particularly advantageous for FCA US enthusiasts:
– 5% Back on FCA US Purchases: This is the card’s most significant reward, making it highly attractive for individuals who frequently spend on FCA US (Fiat Chrysler Automobiles) products and services.
– 2% Back on Gas and Travel Purchases: Another substantial reward for those who often find themselves on the road or traveling.
– 1% Back on All Other Purchases: While this is a standard rate, it ensures that cardholders earn rewards on every purchase.

Introductory Offers

The card comes with several enticing introductory offers:
– $1000 Bonus Certificate: Earned when you spend $7,500 in your first year, this certificate can be applied toward your next new FCA US vehicle purchase.
– $100 Statement Credit: Earned when you spend $100 in FCA US purchases within the first billing cycle after the account is opened.
– 0% Introductory APR: This offer is valid for the first six billing cycles from the transaction date, providing a significant break on interest for new purchases.

Fees and Rates

The card has several fee-related features:
– Annual Fee: $0, which is a significant advantage for cost-conscious consumers.
– Purchase APR: Variable rates between 21.24% – 30.24%, which is relatively high but typical for reward cards.
– 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.
– Return Payment Fee: Up to $35.

Eligibility

The card requires Good to Excellent Credit (670-799), making it accessible to a broad range of consumers who maintain a healthy credit score.

Dodge DrivePlus Mastercard® Pros and Cons

Pros

– No Annual Fee: This makes the card cost-effective over the long term.
– Generous Rewards on FCA US Purchases: The 5% back is hard to beat for brand loyalists.
– Introductory APR: The 0% APR for the first six billing cycles can help manage large purchases without immediate interest.
– Significant Bonus Offers: Both the $1000 bonus certificate and the $100 statement credit add substantial value.

Cons

– High Standard APR: The variable APR of 21.24% – 30.24% is on the higher end, potentially leading to significant interest charges if balances are not paid in full.
– Balance Transfer and Cash Advance Fees: These can add up quickly and diminish the card’s value if not managed carefully.
– Foreign Transaction Fee: Typically around 3%, this fee can be a drawback for international travelers.

Dodge DrivePlus Mastercard® Benefits

Purchase Protection

The card offers purchase protection, which can be a lifesaver if an item bought with the card is damaged or stolen. This benefit provides peace of mind and additional value to your purchases.

Fraud Protection

With advanced security features, the card ensures that unauthorized transactions are quickly identified and addressed, safeguarding your account and personal information.

Travel Benefits

The 2% back on travel purchases is a significant perk for frequent travelers. This includes a broad range of travel-related expenses, from airfare and hotels to car rentals and more.

Rewards Redemption

The rewards earned can be redeemed for various benefits, including statement credits, gift cards, travel experiences, and more. This flexibility allows cardholders to choose how they want to utilize their rewards.

Customer Service

First National Bank of Omaha offers robust customer service options, including online account management and a dedicated customer service line. This ensures that any issues or questions can be promptly addressed.

Conclusion

The Dodge DrivePlus Mastercard® from First National Bank of Omaha offers a compelling mix of rewards, introductory offers, and benefits, especially for those who are loyal to the FCA US brand and frequently spend on gas and travel. Its no annual fee structure and significant bonus offers add to its appeal. However, potential cardholders should be mindful of the high standard APR and various fees associated with balance transfers and cash advances.
In summary, if you are an FCA US enthusiast who spends significantly on automotive purchases and travel, the Dodge DrivePlus Mastercard® can provide substantial rewards and benefits. However, it’s crucial to manage your spending and pay off balances promptly to maximize the card’s value and avoid high-interest charges.