Firestone bank card overview
The Firestone bank card is a singular retailer card in that it gives a tiered system of rewards primarily based on spending. With good earnings on Firestone spending, a easy redemption methodology for factors earned and no annual price, this card is sensible for anybody with a cash-back pockets who makes use of Firestone incessantly for his or her automotive wants. Card score*: ⭐⭐⭐
*Card score is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
Retailer playing cards are not often beneficial right here at TPG, and for good motive. Many have poor earnings charges, unnecessarily difficult redemption strategies and gimmicks that trigger extra complications than they’re price.
The Firestone card, nevertheless, is completely different. Whereas it is not for everybody, it might probably make sense in the event you use Firestone as your main auto service and have a cash-back-focused pockets.
There are two variations of the Firestone bank card: a closed-loop model that may solely be used with Firestone and its companions and a Mastercard model that can be utilized wherever.
Right now, we’ll give attention to the Firestone Mastercard. It has no annual price and a beneficial credit score rating of 640 or greater. Now, let’s dive into the cardboard particulars and why it is one of many higher retailer playing cards at the moment out there.
Associated: Retailer vs. cash-back bank cards: Which one ought to I get?
The data for the Firestone bank card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.
Firestone bank card professionals and cons
| Execs | Cons |
|---|---|
|
|
Associated: How to decide on your finest bank card technique
Day by day E-newsletter
Reward your inbox with the TPG Day by day publication
Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants
Firestone bank card advantages
After opening the cardboard, you will get 5% off your subsequent Firestone buy and $40 in myCFNA Rewards after making a qualifying buy inside 30 days (the latter till June 30). Contemplating this, it is clever to attend to open this card till you have got a few Firestone purchases arising.
Whereas this welcome supply is not going to compete with most journey and normal cash-back playing cards’ welcome gives, it is good for a retailer card. If something, it makes the cardboard price opening for Firestone loyalists only for the additional reductions; since this card lacks an annual price, you need not fear about getting worth past that.
The Firestone card additionally gives deferred curiosity financing for six months. So long as the quantity charged to the cardboard is paid in full inside six months, you will not should pay any curiosity. Nonetheless, curiosity nonetheless accrues throughout this time, so in the event you do not repay the complete quantity in time, you will be hit with a doubtlessly heart-stopping invoice.
Whereas I do not suggest utilizing a deferred curiosity financing plan, it may be useful in the event you urgently want a automotive restore and it is not one thing you may afford at that second. Simply guarantee you realize for sure that you would be able to repay the steadiness in time. In any other case, you will be higher off selecting a bank card with an introductory 0% annual proportion price supply.
Different advantages out there to all cardholders embrace in-store reductions, particular rebate gives and, for Mastercard holders, id theft safety and zero legal responsibility safety. Further advantages for the Firestone card are awarded after reaching a sure tier of spending together with your card.
There are three tiers:
- Passenger: Default tier
- Driver: Requires $1,250 to $2,499 in spending with Firestone in a calendar yr
- Adventurer: Requires spending over $2,500 with Firestone in a calendar yr
The Driver and Adventurer statuses each supply further rewards in your birthday, entry to double points-earning occasions and entry to the choice to retailer your factors as a substitute of getting them robotically redeemed for you.
Past this, the one distinction between Driver and Adventurer standing is the quantity of factors you will earn on Firestone purchases.
Associated: Evaluating the most effective resort elite standing tiers and the way to earn them
Incomes factors on the Firestone bank card
With the Firestone card, you will earn 3% again on all Firestone purchases with Passenger and Driver standing and 4% again with Adventurer standing. Rewards are earned as myCFNA Rewards factors. These factors aren’t just like the transferable factors you’d earn with a normal journey card; they perform extra like money again since they will solely be redeemed for assertion credit.
Firestone Mastercard holders will earn 2% again on gas and different automotive purchases and 1% again on every thing else.
Moreover, via June 30, Mastercard holders will obtain double rewards on eligible restaurant purchases, netting 2 factors per greenback in spending.
I would not suggest utilizing this card for non-Firestone spending until it is your solely bank card; you will get higher worth with a normal cash-back or journey card. That mentioned, getting both 3% or 4% again on Firestone purchases is nice, particularly in the event you use Firestone as your main auto-care service.
The additional % on Firestone purchases for having Adventurer standing is the one further profit you will recover from Driver standing, so in my view, it is not price placing the trouble in until you are naturally spending $2,500 or extra in a yr with Firestone.
Associated: How to decide on a cash-back bank card
Redeeming factors on the Firestone bank card
Redeeming factors on the Firestone card is simple. By default, each 1,000 factors you earn will robotically be redeemed for a $10 myCNFA Reward. This reward will robotically be utilized as a assertion credit score after your subsequent qualifying buy.
Driver and Adventurer standing tiers grant entry to the Factors Financial institution characteristic, permitting you to retailer your factors as a substitute of robotically redeeming them. With this characteristic, 1,000 factors will nonetheless equal a $10 myCNFA Reward, however this methodology makes a bigger redemption potential.
It is essential to notice that after your factors have been transformed to myCNFA Rewards, you should make your subsequent qualifying buy inside six months. In any other case, these rewards will expire.
Should you’ve opted into the Factors Financial institution characteristic, it is clever to keep away from redeeming your factors till you are able to make a purchase order. Moreover, your factors is not going to expire until you go greater than 12 months with out making a purchase order together with your Firestone card.
Associated: What occurs to your factors and miles after you die?
Which playing cards compete with the Firestone bank card?
When contemplating rivals for the Firestone card, let’s contemplate playing cards that may earn good rewards on auto-related spending. Listed below are a couple of choices:
For added choices, take a look at our picks for the most effective cash-back playing cards and on a regular basis spending playing cards.
Associated: 5 causes I really like the Chase Freedom Limitless as a bank card newbie
Is the Firestone bank card price it?
Should you use Firestone as your predominant auto service and your pockets is cash-back targeted, the Firestone bank card is price contemplating. Getting 3% or 4% again on Firestone purchases, together with added perks for heavy spenders, makes this a aggressive card so far as retailer playing cards are involved. Nonetheless, in case your pockets is targeted on incomes factors and miles, this card will not be the most effective match for you.
Associated: How to decide on the most effective bank card for you
Backside line
Most bank card fans will in all probability not point out the Firestone card when requested concerning the finest retailer playing cards, nevertheless it deserves some consideration given its stable incomes construction for a retailer card and lack of an annual price. Should you’re available in the market for a card that earns good rewards in your auto service wants, the Firestone card could also be for you.
Associated: Bank cards 101: The newbie’s information
