The
Goodyear Credit Card is worth considering if you have fair credit (a credit score of 640-699) and you need to buy a new set of tires but don’t have the money to pay up front. The card can get you a modest rebate on select Goodyear tire purchases plus access to interest-free financing. It also has a
$0 annual fee.
The 0% financing offer is a bit risky, though. You could end up paying a lot more than you bargained for if you aren’t careful. That’s why you should explore
general-purpose credit cards with 0% introductory APRs before you resort to using this card for financing.
4 Key Things to Know About the Goodyear Credit Card
No rewards, just minor promotions
The Goodyear Credit Card doesn’t offer points, miles or cash back based on the amount you spend. Pretty much all it gives you is the promise of exclusive offers in Goodyear locations nationwide.
That package simply isn’t robust enough to make applying for the Goodyear Card a good idea, especially considering all of the excellent
rewards credit cards that are currently available.
Dangerous financing
People are often drawn to the Goodyear Tire Credit Card because it offers 0% interest for 6 months on purchases of at least $250. But that’s not as attractive as you might think.
For starters, it includes a feature called
deferred interest, which means the card’s regular APR will retroactively apply to your original purchase amount if you don’t repay your full balance by the end of the intro period. So it would be like the 0% rate never existed, which is problematic considering how high the Goodyear Card’s regular APR is.
In addition, even the
average 0% credit card gives you nearly
11 months before interest takes effect, according to WalletHub’s latest
Credit Card Landscape Report. So there are
better options for big-ticket purchases.
No annual fee is the best part
Nearly all retailer-affiliated credit cards lack annual fees. So the fact that the Goodyear Card is one of them doesn’t really say much. And the idea that this might be its best feature in turn speaks volumes.
Attainable with fair credit, but not worth your time
As long as you have fair credit or better, you should be able to get the Goodyear Credit Card. But if that’s the case – you can
check your credit score for free on WalletHub to find out – you’ll also have better options available to you.
If you’re interested in alternatives, check out our editors’ picks for the
best tire credit cards and the
best credit cards overall.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
