Home » Credit Card Reviews » The Disaster that is the Good Year Credit Card

The Disaster that is the Good Year Credit Card

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 may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated May 21, 2012, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

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:

Horizon Gold Card Review

Who the Horizon Gold Card is best for Consider other options before applying for this card. People who are unemployed or have bad credit may look toward the Horizon Gold Card to improve or build credit since there are no credit checks. However, this card does have restricted use and a high $24.95 monthly service fee among other fees […]

Read More

June 11, 2018

Read More

Wells Fargo Platinum Visa Credit Card Review

It’s all too easy to get stuck under a pile of debt when your credit card interest rate is through the roof. Thankfully, you can break that cycle with low interest credit cards. If you bank with Wells Fargo, one good option to consider is the Wells Fargo Platinum Visa® Card. With an attractive interest free introductory period, this simple […]

Read More

April 2, 2018

Bank of America Premium Rewards Credit Card Review

The Bank of America® Premium Rewards® Credit Card targets those who like to travel and dine out regularly.  The reward is pretty simple — 2 points for every $1 spent on travel and dining purchases, 1.5 points per $1 spent on all other purchases. The card comes with a $95 annual fee. And new cardmembers get 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening. Where this card stands out in its category Despite a $95 annual fee, the benefits of the Bank of America® Premium Rewards® Credit Card more than cover it. You […]

Read More