Heading to Ponderosa? Don't Forget Your Nissan Card

Steph Willems
by Steph Willems

If supermarkets, gasoline retailers and a slew of other automakers can offer branded credit cards, why not Nissan?

The Japanese automaker most closely associated with the word “value” is throwing a perk at its customer base, rolling out a consumer credit card program to turn those fuel and meal purchases into real Nissan cents.

The Nissan Visa card, offered through Synchrony Financial, allows dedicated brand loyalists (with good credit) to collect points towards a new or pre-owned Nissan vehicle, or servicing. While some owners might entertain thoughts of gassing and eating their way into a new Armada, the card’s other features are probably a bigger draw. The fine print, however, might prove less tempting.

Cardholders can expect roadside assistance, auto rental collision damage waiver, as well as travel and emergency assistance services. Should they prefer to steer clear of Nissan dealers, the rewards points are redeemable as statement credit — maxing out at $300 a year.

According to the lender, each rewards point amounts to a shiny penny within the confines of a dealership. The program allots five points for each dollar spend on Nissan products, servicing and gas, or three points for ever buck dropped on food. All other purchases are good for one point to the dollar.

Getting into the finer details, it seems only diehard Nissan fan would happily agree to the terms of the card. Fees and interest rates fall on the high side. APR for purchases is, depending on your account type, prime rate plus 13.99 percent, or prime plus 19.99 percent. Cash advances for either account type equals prime plus 21.99 percent, plus transaction fees of $10 or 4 percent of the amount, whichever is higher. Synchrony lists late payment penalty fees as “up to $38.”

So, if you’re in the habit of paying off your balance each month and love the thought of a slight discount when servicing your fifth Nissan, your favorite automaker has just the card for you.

[Images: Nissan]

Steph Willems
Steph Willems

More by Steph Willems

Comments
Join the conversation
2 of 10 comments
  • Deanst Deanst on May 04, 2017

    I used $3500 in points on a $10,000 Saturn and financed the rest at 0.9%. Hard to believe GM made any profit on that sale! I remember GM Canada made the points card a lot less attractive shortly thereafter. I think they assumed people would get a more expensive car with the points, but thrifty Canadians just used the points to make the car cheaper.

  • Truckducken Truckducken on May 04, 2017

    Nissan buyers qualifying for a credit card? The whole idea is preposterous.

  • El scotto Listen, unless you were Lord Headly-Stempmoor or such when you got off the off the boat, boot in Canada, you got the short end of the stick. People got on the boat, these days a plane, to escape famine, becoming cannon fodder in yet another stupid war, or the government thought it was A-OK to let soldiers kill you. Juneteenth is just a way to right one of the more bad ideas in the American experiment. Instead we have commenters who were buying tater chips and diet soda at Wal-Mart and got all butt-hurt because they heard someone who wasn't speaking English. I'm going to go fix a couple of frankfurters with salsa and guacamole and wash them down with a lager or three
  • Akear I just wish GM could produce a vehicle 80% as good as the crown.I sat in a Trax at a Chevrolet dealership this weekend and was shocked how cheap it felt. GM does not care.GM - what a disgrace!
  • Akear I like the grill treatment of all Mitsubishi products. It is an interesting and original design.
  • El scotto Some rambling thoughts; Elon is pulling billions in cash out of Tesla. Tesla will be around, Elon won't let them fail. Mitsubishi is an odd place, you can't sell vehicles if you don't have dealers. Out of all the "Automalls" near you, how many have a Mitsubishi dealership? The Agnellis owned Fiat, Fiat got sold to Stellantis. The Agnellis control Exor. How much of Stellantis does Exor own? I really should be drinking beer with Billy Ford and talking Big-10 trash with him. Ford and Lucid should work out a partnership. You want an electric Lincoln? Have Lucid build it and slap a Lincoln name plate on it. BTW, kick Farley's butt to the curb.
  • Akear US contentChevrolet Trax - 5%Honda Pilot - 52%What a disgrace!I glad Consumer Reports panned the Trax, and put it on its avoid list.
Next