Credit Cards Credit Card Reviews

Chrysler Mastercard Review

overall rating
3.9

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DrivePlus is an umbrella of Mopar automotive credit card brands like Chrysler that are owned by Fiat Chrysler Automobiles (FCA USA). These cards, like the Chrysler Mastercard, share the DrivePlus Mastercard card design and feature 5% cash back on purchases made at the FCA dealership, an opportunity to earn a $1,000 certificate toward the purchase of a vehicle, and an introductory APR on certain purchases at a dealership.

DrivePlus℠ Mastercard®

overall rating
3.9
DrivePlus℠ Mastercard®
On FNBO's Secured Site.

Current Offer:

$100 statement credit when you spend $499 at participating U.S. FCA dealerships during your first billing cycle. Additionally, earn $1,000 towards your next eligible FCA vehicle when you spend $7,500 in your first year.

Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.99% - 25.99% variable
Annual Fee $0
Rewards Earning Rate 5% cash back at eligible dealerships, 2% on gas & travel, and 1% everywhere else.
INTRO PURCHASE APR 0% for 6 Billing Cycles
Balance Transfer Fee Either $10 or 5% of the amount of each transfer, whichever is greater.
Foreign transaction fee (%) 3%
how this card stacks up
When compared among all rewards cards in our database:
Rewards
Benefits
Low Fees
Security/Customer Experience
Low Interest
worst best

The Chrysler Mastercard is not one of our top-rated cash back credit cards. You can review our list of the best cash back credit cards for what we think are better options.

Full Review of Chrysler Mastercard

Pros
  • Bonus certificate toward a vehicle purchase

  • No annual fee

  • Introductory rate on certain purchases

  • $100 statement credit

Cons
  • 5% cash back only available at the dealership

  • Foreign transaction fee

  • Rewards expire

Pros Explained

  • Bonus Certificate Toward a Vehicle Purchase: Cardholders can earn a bonus certificate worth $1,000 toward the purchase of a new FCA U.S. vehicle after spending $7,500 on the card in the first year. There are limitations on which models are eligible, however, so it's worth reviewing the list if you have a particular one in mind. Other FCA U.S. brands are Jeep, Dodge, Ram, and Fiat. 
  • No Annual Fee: There's no annual fee with the Chrysler Mastercard, so there are no concerns about whether the rewards will outweigh the fee.
  • Introductory Rate on Certain Purchases: This card features an ongoing 0% APR for six billing cycles for FCA U.S. dealership purchases of $499 or more. Whenever cardholders make a qualifying purchase, they receive the 0% APR introductory rate on that balance for six billing cycles. 
  • $100 Statement Credit: Cardholders who make $499 in FCA U.S. purchases during the first billing cycle will receive a $100 statement credit. These purchases have to be made at participating dealerships, such as for parts or services.

Cons Explained

  • 5% Cash Back Only Available at the Dealership: While there is a 5% cash-back category with the Chrysler Mastercard, it only applies to vehicle servicing, merchandise, or other eligible purchases made at an FCA U.S. dealership. Some other cards, like the Discover it card, offer 5% cash back on rotating categories that are more likely to be used for everyday spending.
  • Foreign Transaction Fee: This card charges a foreign transaction fee of 3% on purchases made outside the United States. So if you're planning a trip abroad, it might make more sense to consider a card like the Capital One SavorOne card, which doesn’t have a foreign transaction fee.
  • Rewards Expire: With the Chrysler Mastercard, your rewards expire seven years after they are awarded, so it's important to remember to redeem them, if possible.

This Card is Best For

  • Avatar for Cash Back Strategist Persona
    Seeks to maximize cash back earnings across spending categories
    Cash Back Strategist
  • Avatar for Annual Fee Averse Persona
    Resists or refuses an annual fee on principle or due to cost
    Annual Fee Averse
  • Avatar for Head of Household Persona
    Primarily responsible for household grocery and other major purchases
    Head of Household
  • Avatar for Driver/Commuter Persona
    Incurs gasoline or other commuting expenses each month
    Driver/Commuter

The Chrysler Mastercard would be best for someone who plans to buy a new car from one of the FCA USA brands. One of the card's most attractive benefits, the $1,000 bonus certificate, can only be used for that purpose.

For Chrysler loyalists, this card might also make sense, especially if they routinely take their vehicles to be serviced at the dealership. That makes them eligible for the highest rewards tier of 5% cash back.

On the other hand, people who aren't planning to buy a new car soon and who often go elsewhere for service will get less from this card than they would with many others. While it does offer 2% cash back on gas and travel, there are cards that reward everyday purchases more generously.

For example, the SavorOne card from Capital One offers 3% cash back on dining and entertainment purchases, as well as 2% cash back at grocery stores. The Bank of America Travel Rewards Visa offers 1.5 miles (equal to 1.5%) for every dollar you spend regardless of category, which makes it versatile for everyday use. Plus, it has no foreign transaction fees and no worries about points expiring.

Chrysler Mastercard Bonus

This card comes with two different bonuses. You can earn a $100 statement credit by spending $499 at the dealership in the first billing cycle. You can also earn a $1,000 bonus if you spend $7,500 on the card during the first year. The $1,000 bonus can be used toward the purchase of a new FCA U.S. brand vehicle.

While the $100 statement credit is rather lackluster, since it only applies to purchases made at the dealership, the $1,000 bonus certificate can be quite valuable if you intend to buy a car.

Rewards Earning Details

Earning rewards with the Chrysler Mastercard is fairly straightforward. Qualified purchases made at the dealership earn 5% cash back, while eligible purchases of gas and travel earn 2% cash back. Everything else earns 1% cash back. 

While cash back is expressed as a percentage of the purchase, the rewards are actually awarded in points. Let's say an oil change for a Chrysler 300 costs about $145. If this service is done at a dealer four times a year, that would amount to $580. At the cash-back rate of 5%, that translates into 2,900 points.

Rewards Redemption Details

Cardholders can redeem rewards for cash back, travel, or gift cards by logging into their credit card account and choosing their redemption options. 

They can redeem points for some rewards even if they don't have enough points to cover the whole amount. For example, a cardholder could put 1,000 points toward a reward and then use the Chrysler Mastercard to pay the remaining balance.

Cash back can be redeemed in increments of $25, $50, $100, $250, and $1,000. Cardholders can choose to receive it as a statement credit or through an ACH transfer to their checking or savings account.

How to Maximize Your Rewards

The best way to maximize rewards is to be a loyal Chrysler customer and use the card whenever you go to the dealership for service. It can also be helpful to use it for gas and travel in order to get the 2% cash back in those categories. Other cards that offer 2% or 2 points per dollar on travel are often cards like the Chase Sapphire Preferred, which come with an annual fee.

Chrysler Mastercard's Outstanding Benefits

  • Ability to earn $1,000 bonus certificate toward a new car

Standard Benefits

  • Zero liability for fraud
  • Chip enhanced card

Cardholder Experience

The Chrysler Mastercard is issued by First Bankcard, which is a division of the First National Bank of Omaha. In the 2019 U.S. Retail Banking Satisfaction Study from J.D. Power, First National Bank of Omaha ranked second in the Midwest region, with a score of 842 out of 1,000. The average score for the region was 793.

Cardholders have access to online and mobile banking, paperless statements, and account alerts. Plus, they can access their FICO credit score for free anytime.

Security Features

In addition to providing $0 liability for fraudulent purchases, the Chrysler Mastercard offers fraud monitoring and its issuer will send alerts when something suspicious comes up. The card is also chip enhanced, adding another layer of protection.

Our Verdict

Unless you plan to use it for the $1,000 discount on a new car purchase, this card doesn't have much going for it. The 5% cash back is available only at dealerships, so if you don't spend a lot of money there, you’ll likely get better results with a card like the Discover it card, which offers 5% cash back on rotating categories.

The 2% cash back on gas and travel can also be matched or exceeded by other cards that offer 2% and 3% cash back in common categories like groceries, gas, dining, and entertainment.

Apply Now
For DrivePlus℠ Mastercard®
on FNBO's Secured Site.
Compare This Card
See how this card compares to similar cards
CURRENT CARD
DrivePlus℠ Mastercard®
overall rating
3.9
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.99% - 25.99% variable
Annual Fee $0
Rewards Earning Rate 5% cash back at eligible dealerships, 2% on gas & travel, and 1% everywhere else.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.