Firestone bank card overview
The Firestone bank card is a novel retailer card in that it provides a tiered system of rewards primarily based on spending. With good earnings on Firestone spending, a easy redemption technique for factors earned and no annual price, this card is smart for anybody with a cash-back pockets who makes use of Firestone often for his or her automotive wants. Card score*: ⭐⭐⭐
*Card score relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
Retailer playing cards are hardly ever beneficial right here at TPG, and for good motive. Many have poor earnings charges, unnecessarily sophisticated redemption strategies and gimmicks that trigger extra complications than they’re value.
The Firestone card, nonetheless, is completely different. Whereas it is not for everybody, it will probably make sense if you happen to use Firestone as your major 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 anyplace.
In the present day, we’ll give attention to the Firestone Mastercard. It has no annual price and a beneficial credit score rating of 640 or increased. Now, let’s dive into the cardboard particulars and why it is one of many higher retailer playing cards at present obtainable.
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The knowledge 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 offered by the cardboard issuer.
Firestone bank card execs and cons
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Firestone bank card advantages
After opening the cardboard, you may 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 smart to attend to open this card till you have got a few Firestone purchases developing.
Whereas this welcome supply is not going to compete with most journey and normal cash-back playing cards’ welcome provides, it is good for a retailer card. If something, it makes the cardboard value opening for Firestone loyalists only for the additional reductions; since this card lacks an annual price, you needn’t fear about getting worth past that.
The Firestone card additionally provides 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 need to pay any curiosity. Nevertheless, curiosity nonetheless accrues throughout this time, so if you happen to do not repay the complete quantity in time, you may be hit with a probably heart-stopping invoice.
Whereas I do not suggest utilizing a deferred curiosity financing plan, it may be useful if you happen to urgently want a automotive restore and it is not one thing you may afford at that second. Simply guarantee you understand for sure which you could repay the steadiness in time. In any other case, you may be higher off selecting a bank card with an introductory 0% annual share charge supply.
Different advantages obtainable to all cardholders embrace in-store reductions, particular rebate provides and, for Mastercard holders, identification theft safety and nil 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 may earn on Firestone purchases.
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Incomes factors on the Firestone bank card
With the Firestone card, you may 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 operate extra like money again since they will solely be redeemed for assertion credit.
Firestone Mastercard holders will earn 2% again on gasoline and different automotive purchases and 1% again on every thing else.
Moreover, by way of 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 sweet, particularly if you happen to use Firestone as your major auto-care service.
The additional p.c on Firestone purchases for having Adventurer standing is the one further profit you may recover from Driver standing, so for my part, it is not value placing the trouble in until you are naturally spending $2,500 or extra in a yr with Firestone.
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Redeeming factors on the Firestone bank card
Redeeming factors on the Firestone card is easy. 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 technique makes a bigger redemption doable.
It is essential to notice that after your factors have been transformed to myCNFA Rewards, it’s essential to make your subsequent qualifying buy inside six months. In any other case, these rewards will expire.
If you happen to’ve opted into the Factors Financial institution characteristic, it is smart 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.
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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 extra choices, try our picks for the very best cash-back playing cards and on a regular basis spending playing cards.
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Is the Firestone bank card value it?
If you happen to use Firestone as your fundamental auto service and your pockets is cash-back targeted, the Firestone bank card is value 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. Nevertheless, in case your pockets is targeted on incomes factors and miles, this card is probably not the very best match for you.
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Backside line
Most bank card fanatics will in all probability not point out the Firestone card when requested in regards to the finest retailer playing cards, however it deserves some consideration given its strong incomes construction for a retailer card and lack of an annual price. If you happen to’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.
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