How the Goodyear Credit Card Works: Benefits and Rewards

The Goodyear Tire & Rubber Company (NASDAQ: GT) Goodyear Credit Card offers financing for tires and other products and services purchased at Goodyear locations, and can also be used at Exxon and Mobil service stations (and gas stations). Exxon / Mobil).

Offered through Citibank, the card has a few benefits, including interest-free payments for up to six months for some purchases. Like all cards, its terms contain fine print that must be reviewed before signing.

Key takeaways

  • The Goodyear credit card can be used for tires and related services at Goodyear locations and on the Goodyear website, and for gasoline at Mobil and Exxon stations.
  • The card comes with a zero interest offer that is valid for six months after purchase. After that, interest charges come into play.
  • Firestone and Discount Tire chains offer similar cards with comparable promotional offers.

How the Goodyear Credit Card Works

When used at Goodyear locations or on the company’s website, the card works like any other credit card. It offers revolving credit up to a maximum amount established by the issuer. The borrower can use the card to finance purchases made at Goodyear. The basics:

  • The biggest benefit of the Goodyear credit card for customers is that it offers 0% interest for six months on purchases of $ 250 or more.This can be a great relief to a customer facing a blown tire. Zero interest will be charged if the cardholder pays the balance in full in six months or less. If the balance is not paid on time, interest is charged.
  • The card is accepted at more than 17,000 Goodyear locations nationwide. It can also be used at Exxon, Mobil and ExxonMobil gas stations. You also have a cash advance option.
  • Otherwise, this is a store card, known as a “private label” card, not a general-purpose credit card that is accepted everywhere.
  • Interested customers can apply for the Goodyear credit card in person at stores or on the company’s website. Most clients receive a credit decision within a few minutes.

Rewards and Benefits

The biggest benefit of this card is the interest-free financing offer. Zero interest for six months on purchases of $ 250 or more is a great deal. It should be noted that two of Goodyear’s competitors in the tire business, Firestone and Discount Tire, have similar offerings.

New cardholders can also get back $ 150 on select sets of four tires by mail-in or online rebate through September 30, 2021.

Cardholders also regularly get $ 5 off the cost of oil changes when paying with the card and free tire rotation services. They are also promised special sale offers, on the website and in the store, which are not available to non-cardholders.

The Goodyear card is accepted at Exxon, Mobil, and Exxon / Mobil stations, making it more useful on a regular basis than (hopefully) just for tire emergencies.

Some “downsides” of the Goodyear credit card

  • Exceed the six month grace period and you will be charged large interest. The Goodyear card has a variable interest rate of up to 28.49%. That’s in line with its competitors, but it’s not a bargain.
  • Goodyear performs oil changes, lubrication work and filter changes, tire repairs, and wheel alignment. And of course it offers a wide range of tires. That’s only part of what you need to keep your car on the road. You have to wonder if you want an additional card in your wallet, and potentially an additional bill to pay each month, for a limited range of products and services.
  • Cards like Goodyear’s are all about customer loyalty. Of course, it has over 17,000 locations, so your urgent need for a new tire is likely to be near the nearest Goodyear store. If you have the time and spare time to compare prices, you can find another source or brand of tires that you prefer.

Pros and cons


  • Good promotional offer without interest

  • Can also be used for refueling

  • Peace of mind in the face of unexpected explosions


  • Exceed the six month grace period and you will be charged large interest.

  • Do you really need another credit card just for tires and gas?

  • Why stick with a tire supplier?

Where can someone get the Goodyear credit card?

The easiest way to apply is through a link at Goodyear Tire site.

Note that the link will take you off-site to a Citibank site, which is the actual lender behind this card. That’s where the fine print for interest rates and late fees also comes in. A very fast response is promised, within hours.

What type of credit is required for the Goodyear credit card?

Goodyear or Citibank do not disclose specific information regarding the card’s credit ratings.

In general, affiliate store cards require at least a “fair” to “good” credit rating on a scale of 0 to 850. This type of private label card is generally easier to obtain than a utility credit card. general because credit limits are generally small, reducing risks to the lender.

Where can the Goodyear credit card be used?

The Goodyear Credit Card can only be used at Goodyear Tire locations or on their website, in addition to Exxon, Mobil, and ExxonMobil gas stations.

It can also be used at some ATMs for cash withdrawals.

Alternatives to the Goodyear credit card

Two other national tire store chains offer credit cards similar to Goodyear’s.

  • The Discount Tire credit card has a similar 0% interest benefit for large purchases. Their threshold for receiving six months without interest is slightly higher than Goodyear’s, at $ 199 instead of $ 250. However, to receive 12 full months at 0% interest, a Discount Tire customer must spend $ 1,500.
  • Firestone offers its own credit card that provides 0% interest for six months. The company partners with the National CreditFirst Association for the card.

Goodyear Credit Card Terms and Conditions

The Goodyear credit card has a variable APR for purchases of 28.49% or a non-variable rate of 13.49% to 26.99%. There is a minimum interest charge of $ 2.

The card can be used for cash advances, with a variable APR of 29.95% as of February 2021. There is a cash transaction fee of $ 10 or 5% of the transaction amount, whichever is greater.

The late fee is up to $ 40.

The small print

The Goodyear card and its competitors have high interest charges for reimbursement of any charges that extend beyond the promotional rate.

As of March 2021, the Goodyear credit card comes with a variable annual percentage rate (APR) of 28.49% or a non-variable rate of 13.49% to 26.99%. The Firestone card has an APR of 28.8%, and the APR of the Discount Tire card is 29.99%.

Who should consider the Goodyear credit card?

Loyal customers who buy their tires and change their oil exclusively at Goodyear benefit most from the card.

The card offers peace of mind in the face of unexpected explosions. A flat tire, or worse, a set of bare tires, can seriously hurt your monthly budget. Having a card on hand to handle it is useful, especially for those who take advantage of the six-month interest-free offer.

A driver who is constantly on the road can make good use of this card. A family with multiple vehicles can save a considerable amount on interest charges by using the Goodyear credit card instead of any other credit card.

And, while a $ 5 oil change credit may not sound like much, it can add up to a person who drives a lot or maintains two or more vehicles for a household.

A person who does not spend money at Goodyear regularly probably has little need for the card. What little you save here and there may not be worth the hassle of keeping another credit card.

The bottom line

If you’re on the road constantly, or if your family owns a couple of vehicles, routine car maintenance can be a big part of your household budget, and an unexpected tire blowout can ruin your budget. New tire costs start at around $ 100, but can go up to $ 1,000 or more each if you’re outfitting a pickup or pickup truck.

If you fall into that category of road warrior, you could benefit from carrying a Goodyear credit card, especially if you can stick to paying the bill in that six-month grace period before interest charges start.

If you’re just working back and forth to work on a pretty good compact, a universally accepted credit card may be adequate to deal with your occasional need for a new tire.

Frequent questions

What can I buy with the Goodyear credit card?

The card can only be used at Goodyear locations and their website, and at Exxon and Mobil gas stations. Goodyear sells tires and related services, oil changes, and lubrication work. This is a standard “private label” card, which cannot be used anywhere like Visa or MasterCard.

What are the interest rates and fees on the Goodyear credit card?

The Goodyear credit card comes with a variable annual percentage rate (APR) of 28.49% or a non-variable rate of 13.49% to 26.99%. You can avoid any interest charges on purchases over $ 250 by paying your bill in full within six months.

There is no annual fee for the card, but there is a $ 40 late payment penalty.

What credit score do you need for a Goodyear credit card?

Private label credit cards, like Goodyear’s, generally require a minimum credit score in the “fair” or “good” range. That should make it a bit easier to obtain than a general purpose Visa or MasterCard. If you’re trying to improve your credit score, getting one of these and using it responsibly could be a step back on the credit score ladder.

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Mark Holland

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