The Disaster that is the Good Year Credit Card

*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on product links. For more information, please see our Advertiser Disclosure

GoodYear is one of the main name brands of tires in the United States. Everyone recognizes the blue and yellow, whether you are driving down the street and see it on your way home from work or you are watching NASCAR you'll likely see their logo. But is their credit card as notable as their easily recognizable logo and color scheme?

Up Front $80 GoodYear Savings

GoodYear is currently offering a promotion where they rebate you up to $80 when purchasing a new set of their tires. However, when using your GoodYear Credit Card they will double that rebate on a set of new tires, bringing their offer up to $160. Other than that, there isn't a lot of reasons to get excited to use the card.

GoodYear swears by "convenience" in all of their promotional efforts. They start by allowing you to link your GoodYear Credit Card to your checking account so you can make payments using your GoodYear Credit Card and your checking account will automatically be debited. In addition, they also offer a 25 day grace period where no interest generates after a purchase. This is pretty typical of all credit cards, but it is strange that they promote it as being such a perk.

Awful Pricing Structure

There is no annual fee to use the GoodYear Credit Card, but like most store credit cards, there is a very high interest rate charged to the card, as gaining approval is much easier (and therefore, riskier to the bank). With a 28.99% variable interest rate, the GoodYear Credit Card should be paid off monthly to maximize the benefit (only one) of the card, otherwise, this card becomes a BIG money loser. An interest rate that high is one of the highest you'll see on the market for any card.

I wish I had more good news to write for you, but the GoodYear Credit Card is one of the worst cards you'll see today. 28.99% is an insanely high interest rate and anyone that considers the GoodYear Credit Card needs to sit down and do a cost benefit analysis. Current credit card offerings offer excellent rewards programs as well as big up front bonuses, excellent perks and a solid pricing structure. The only benefit you'll find here is $80 on a full set of tires.

For those that own the GoodYear Credit Card, use it only when you buy a full set of tires. For everyone else, STAY AWAY!

*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.

Recommended Posts:

Having Trouble Choosing a Credit Card?

Sign up to receive a copy of our free ebook, The Ultimate Guide to Credit Cards. It will help you pick the perfect card!

Easily see your credit score in seconds.
Concierge icon Learn More
Concierge screenshot on mobile device Concierge screenshot on laptop device
CompareCards icon
Join Our Newsletter
Please enter a valid email address.
Thanks for signing up!
Ask Our Credit Experts Submit questions to our credit experts.
Thank you, we’ve received your question. Look for the response in your inbox in the next few days and subscribe to our newsletter.
Error sample
Most Popular Posts
CompareCards ad