May 29, 2020
Who is the Nascar Credit Card for?
The Nascar Card is for avid Nascar fans who also want to earn cash back on most of their purchases. Cardholders get 2% cash on Nascar store purchases and 1% cash back on everything else. With this card, you can earn cash back on all of your purchases and even get exclusive offers from Nascar participating merchants. If you are not a Nascar fan then there are many other cash back cards that you could use, but if you are a Nascar super-fan then this card may be for you.
In addition to the rewards rate, this card comes with many other security and convenience benefits that make your banking experience hassle-free. From extra rewards to fraud security, this card gives you all you need to be safe and secure when banking. If you think you will take advantage of all the Nascar benefits that come with this card, then this definitely could be for you.
Annual Fee
The annual fee ranges from $0 to $99 and is dependent on your credit score. Better credit scores will give you a lower annual fee so make sure that you have a high credit score when you apply for this card. If you want to keep your fees low increase your credit score first before applying for this card.
Rewards
Cardholders get 2% cash back at the Nascar shop and 1% cash back on all other purchases. These rewards also come with exclusive offers for Nascar fans including a discounted membership with the Nascar members club. These rewards are great if you are frequently spending at the Nascar shop and want the extra rewards. However, there are many other rewards cards that have less in fees and have higher rewards rates so those cards might be more worth considering. Only, if you want the exclusive deals is this card beneficial, but it has a lackluster rewards rate. Other cards can earn you more even at the Nascar shop so consider other cards before coming to this one.
Benefits
Cardholders have access to Credit One’s mobile banking app. This makes it easier to manage your credit card and accounts. With the mobile banking app, you can customize your alerts to let you know of purchases and deposits made into the card. This is perfect to keep track of your money while also monitoring for any fraudulent purchases that may occur.
You also get access to Visa’s Zero Fraud Liability which protects you against fraudulent purchases. As long as you report the transaction promptly, you can be exempt from paying it and have your information protected. This is important for any cardholder because it keeps all of your personal information safe while saving you money.
Rates and Fees
The APR for purchases is 17.99% to 23.99% (variable) based upon your creditworthiness, so you must know what your credit score is to save as much money as possible. This rate is relatively higher than competitors so you should keep that in mind when applying. The APR for cash advances is 23.99% so make sure you keep track of your cash withdrawals to avoid unnecessary interest.
There is a cash advance fee of 8% with a $5 minimum which is significantly greater than this card’s competitors. Also, there is a foreign transaction fee of 3% with a $1 minimum, which means you should limit foreign spending on this card to avoid fees. Furthermore, there are late and returned payment fees of up to $39 each. You need to make sure that all of your payments are on time to avoid paying more than you have to.
Conclusion
The Nascar Credit Card is only useful to the avid Nascar fan because of its low cash back rates. This card provides 2% cash back on Nascar store purchases and 1% cash back on everything else. There are many other cards that give you better rewards rates, so you need to consider if this is the card for you. Also, this card has higher fees and interest rates than most which can drive up the price of this credit card. Overall, we would not recommend this card unless you can use its Nascar benefits to the fullest.
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