The Massive O Tires and Service bank card has a singular purpose for its cardholders. In accordance with Massive O Tires’ web site, the cardboard intends “to assist cope with sudden auto bills so you may get again on the highway shortly.” It’s an acknowledgement of the truth that automobile repairs are sometimes mandatory however unaffordable for some individuals. Issued by Comenity Capital Financial institution, the Massive O Tires bank card has particular financing choices to make these repairs prices extra manageable.
Nevertheless, particular financing has a draw back. And don’t anticipate the cardboard’s advantages to increase too far past financing help.
1. The cardboard’s use is restricted
If you would like a bank card with multiple trick, the Massive O Tires card isn’t for you.
The Massive O Tires card is a closed-loop product, that means it will possibly solely be used on Massive O Tires purchases and repair. All the playing cards on our listing of the greatest bank cards for automobile repairs are open-looped and thus have a lot broader acceptance.
2. It does not earn rewards
Past the particular financing provides and automobile service reductions, the Massive O Tires card doesn’t produce other perks that come normal in lots of different bank cards.
The Massive O Tires card doesn’t earn rewards, provide a sign-up bonus or have an intro APR.
2. Particular financing is out there
Particular financing, also called deferred curiosity, is out there to Massive O Tires cardholders in two phrases:
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Particular financing for six months on purchases of $199 or extra.
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Particular financing for 12 months on purchases of $1,200 or extra.
Deferred curiosity provides can actually be a lifeline for individuals who lack the money available to pay for costly automobile repairs. Nevertheless, there’s a significant downside: In the event you don’t repay all the buy quantity earlier than the deferred curiosity interval ends, you’ll owe all of curiosity that’s been accruing for the reason that buy date.
A substitute for particular financing is a bank card with an introductory 0% APR. These playing cards don’t cost curiosity on purchases for a set time frame, however you received’t owe again curiosity if purchases aren’t paid off by the top of the promotional interval.
The Wells Fargo Mirror® Card, for instance, provides 0% intro APR for 21 months from account opening on purchases and qualifying stability transfers, after which the continuing APR of 18.24%, 24.74%, or 29.99% Variable APR.
3. Cardholders get some reductions
In the event you pay for sure companies together with your Massive O Tires card, you’re eligible for the next promotions, which can be used greater than as soon as:
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The Able to Roadtrip bundle for $29.99. Automobiles will obtain an ordinary oil change, fluid high off, alignment examine and visible automobile inspection. Sure oils corresponding to full artificial don’t qualify for this promotion.
5. The rate of interest is excessive
As of April 2024, the buy APR on the Massive O Tires card is an exorbitant 29.99%. The quantity of any purchases that aren’t paid off by the due date will probably be assessed this rate of interest.