This is a Citi-issued store card. If you’re considering whether the Goodyear Credit Card is the best card for you, then keep reading.
The Goodyear credit card is a store credit card that provides exclusive benefits and discounts upon buying tires at Goodyear.
For instance, you get discounts on tire installation, special financing on purchases with a minimum price point, savings on online purchases, free tire rotation, and exclusive rebate offers by mail.
You do not have to pay any annual fee, so you can get the card and use it when you need it without shelling out money for the privilege.
Where are Some Areas Goodyear Credit Card can be Better?
The biggest drawback of the Goodyear credit card is that you can only make purchases using it at Goodyear. The average person doesn’t buy tires very often, so the card won’t do you any good unless you just so happen to have car racing as a hobby or find ways to get through tires in some other capacity.
One drawback to the card is that its promotional financing is a deferred interest promotion. That is, if you fail to pay the whole amount of the purchase during the promotion period, the entire amount of interest that would have been incurred will be levied by the card, i.e., you save nothing at all.
This can lead to gigantic unexpected bills unless you watch closely over your plans for financing.
History of Goodyear Credit Card
The name of the company is Goodyear Tire and Rubber Company, and it was founded in 1898 in Akron, Ohio. It manufactures tires for all types of vehicles, like cars, trucks, and motorbikes.
It makes available the Goodyear credit card to help people finance their tire shopping. The truth is that not many people will utilize the card because the average person doesn’t buy tires very frequently. If you do, you may be able to use the card, but there likely are better reward cards out there.
Does Goodyear Credit Card Report Accounts to Major Credit Bureaus?
Yes, the Goodyear Credit Card reports to the following three credit bureaus:
- Equifax
- Experian
- TransUnion
On-time payment to a reporting creditor who reports payments to one or more credit bureaus on a regular basis will demonstrate responsibility and create your credit.
How to Apply for Goodyear Credit Card
Also, the Goodyear credit card does a hard credit pull when you apply for a loan. This means it does not provide rate checking through a soft credit pull, which is something that some lenders provide.
- Visit the Goodyear credit card website.
- Fill out the application form: you will typically be required to provide general financial information, such as your Social Security Number, address, and annual income.
- Confirm that information is accurate and in use.
- If your credit score is preventing you from getting approved for this credit card, see our evaluation of the best credit cards for bad credit.
How Long does it take to Approve a Goodyear Credit Card?
You will get an instant response. If approved, you can start enjoying the many cardmember rewards today. Subject to credit approval. Conditions and terms apply.
The average credit limit of matched members of this card or similar cards is $1,974, with the most sought-after being $2,250. Keep in mind that good credit is the prerequisite for the Goodyear Credit Card, so you will need a 640+ score for the best chances of approval.
Also keep in mind that the application does result in a hard inquiry, which negatively affects your credit score temporarily.
After a credit card has been approved, the turnaround time after approval differs by lender, but the standard is to be able to have your new card within two weeks.
This allows the good credit to be printed, mailed, and delivered to your doorstep. The Goodyear Credit Card requires a 640 or higher credit score and good credit.
Just keep in mind that good credit of this type does not automatically guarantee your approval because other considerations are taken into effect, such as income on a yearly basis and outstanding debt.
Final Words
The Goodyear credit card can be used to buy Goodyear tires and any other type of tire, wheels, brakes, suspension parts, service, and more!
All the convenience of a Goodyear credit card with no annual fee. Have control at your convenience with 24/7 online account management. Benefits: More savings on some Goodyear tires. Special financing for 6 months* on purchases of $250 or more. Now accepted at over 11,500 Exxon™ and Mobil™ stations.
