How the Goodyear Credit Card Works: Benefits and Rewards

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How the Goodyear Credit Card Works: Benefits and Rewards

Goodyear Tire & Rubber Company’s (NASDAQ: GT) Goodyear Credit Card provides financing for tires and other goods and services bought at Goodyear facilities, and it may also be used at Exxon and Mobil gas stations (including Exxon/Mobil stations).

The card, which is available via Citibank, offers several benefits, including zero-interest payments for up to six months on certain transactions. Its conditions, like all cards, include fine print that should be read before signing. 1

Key Takeaways

  • The Goodyear Credit Card may be used to purchase tires and associated services in Goodyear facilities as well as on the Goodyear website, as well as for petrol at Mobil and Exxon stations.
  • The card comes with a six-month interest-free period after purchase. Then interest begins to accrue.
  • Firestone and Discount Tire both have identical cards with equivalent promotional offers.

How the Goodyear Credit Card Works

The card functions similarly to any other credit card when used at Goodyear stores or on the corporate website. It provides revolving credit up to a limit determined by the provider. The borrower may use the card to fund Goodyear purchases. The fundamentals:

  • Customers’ favorite feature of the Goodyear Credit Card is the six-month 0% interest offer on purchases of $250 or more. 1 This might be a huge relief for a consumer who has a blown-out tire. If the cardholder pays off the debt in full within six months or fewer, no interest will be charged. If the amount is not paid in full by the due date, interest charges will be applied.
  • The card is accepted at over 17,000 Goodyear outlets around the country. It may also be used at Exxon, Mobil, and ExxonMobil service stations. It also offers a cash advance.
  • Otherwise, this is a shop card, sometimes known as a “private label” card, rather than a credit card that may be used everywhere.
  • Customers who are interested in applying for the Goodyear Credit Card may do so in-store or online at the company’s website. The majority of consumers obtain credit decisions within a few minutes. 1

Rewards and Benefits

The best feature of this card is the zero-interest financing option. The offer of no interest for six months on purchases of $250 or more is fantastic. It should be noted that two of Goodyear’s tire rivals, Firestone and Discount Tire, have matching deals.

New cardholders may also earn $225 back on a choice set of four tires and installation with the Goodyear Credit Card via a mail-in or online rebate (offer expires March 31, 2022).

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Cardholders also get a $5 discount on oil changes when they use the card, as well as complimentary tire rotation services. They are also promised unique promotional deals, both online and in-store, that non-cardholders will not be able to access.

The Goodyear card is accepted at Exxon, Mobil, and Exxon/Mobil gas stations, making it more useful than simply for tire crises (hopefully).

A Few “Cons” of the Goodyear Credit Card

  • If you exceed the six-month grace period, you will face significant interest charges. The variable interest rate on the Goodyear card may reach 29.99%. That is in line with its rivals, but it is hardly a steal.
  • Oil changes, lubricant and filter changes, tire repairs, and wheel alignments are all services provided by Goodyear. And, of course, it has a large selection of tires. That’s just a portion of what you’ll need to keep your automobile running. You must consider if you want an extra card in your wallet, as well as an additional charge to pay each month, for a restricted selection of items and services.
  • Customer loyalty is at the heart of cards like Goodyear’s. Given that company has over 17,000 sites, odds are your urgent need for a new tire will arise within easy reach of a Goodyear shop. If you have the time and leisure to look around, you could locate a better tire provider or brand.

Pros and Cons


  • Good zero-interest promotional offer

  • Can be used to fuel up, too

  • Peace of mind for unexpected blowouts


  • If you exceed the six-month grace period, you will face significant interest charges.

  • Is it really necessary to have another credit card only for tires and gas?

  • Why stick with one tire vendor?

Where Can Someone Get the Goodyear Credit Card?

The simplest method to apply is through a link on the Goodyear Tire website.

Please keep in mind that clicking on that link will lead you to a Citibank website, which is the real lender behind this card. That’s also where the small print on interest and late fees appears. A quick answer, within hours, is assured.

What Kind of Credit Is Required for the Goodyear Credit Card?

Goodyear or Citibank provide no detailed information on the card’s credit criteria.

In general, store-affiliated cards need a credit rating of “fair” to “good” on a scale of 0 to 850. This form of private label card is often simpler to get than a general usage credit card since the credit limits are normally low, lowering the lender’s risk.

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Where Can the Goodyear Credit Card Be Used?

The Goodyear Credit Card is exclusively valid at Goodyear Tire stores or on the company’s website, as well as Exxon, Mobil, and ExxonMobil petrol stations.

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

Alternatives to the Goodyear Credit Card

Similar to Goodyear, two other major tire retail companies offer credit cards.

  • For major expenditures, the Discount Tire credit card offers a comparable 0% interest bonus. Its threshold for receiving six months of no interest is $199 rather than $250, which is somewhat higher than Goodyear’s. To earn a full year of 0% interest, a Discount Tire client must spend $1,500.2.
  • Firestone has its own credit card with 0% interest for six months. For the card, the corporation collaborates with CreditFirst National Association. 3

Terms and Conditions of the Goodyear Credit Card

The Goodyear credit card offers a variable APR of 29.99% on purchases. There is a $2 minimum interest charge.

The card is available for cash advances and has a variable APR of 29.99% as of June 2022. A cash transaction fee of $10 or 5% of the transaction amount, whichever is larger, is charged.

The late payment fee is up to $40.

The Fine Print

The Goodyear card, like its rivals, has steep interest penalties for any charges that exceed the introductory rate.

The Goodyear Credit Card has a variable annual percentage rate (APR) of 29.99% as of June 2022. 4 The Firestone card has an APR of 28.8%5, while the Discount Tire card has an APR of 29.99%. 2

Who Should Consider the Goodyear Credit Card?

Customers who solely purchase tires and get their oil changed at Goodyear benefit the most from the card.

The card provides some piece of mind in the event of an unexpected blowout. A flat tire, or worse, a pair of bald tires, may have a significant impact on your monthly budget. It is beneficial to have a card on hand to deal with it, especially for those who take advantage of the six-month interest-free offer. 1

This card might be useful for a motorist who is frequently on the road. A household with numerous automobiles may save significantly on interest rates by utilizing the Goodyear credit card instead of any other credit card.

And, although a $5 credit for oil changes may not seem like much, it might mount up for someone who drives often or has two or more cars in the family.

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A individual who does not routinely spend money at Goodyear has little need for the card. The little amount saved here and there may not be worth the inconvenience of keeping another credit card.

The Bottom Line

If you’re regularly on the road, or if your family owns several cars, basic auto maintenance may be a significant expense in your household budget, and an unexpected tire blowout may be a serious drain on your savings. New tires start about $100 but may cost $1,000 or more per if you’re equipping an SUV or truck.

If you are a road warrior, you may profit from carrying a Goodyear credit card, particularly if you can settle the debt during the six-month grace period before interest rates begin.

If you’re only commuting to work in a decent compact, you could find that a widely accepted credit card is sufficient to cover the odd need for a new tire.

Frequently-Asked Questions

What Can I Buy With the Goodyear Credit Card?

The card is exclusively valid at Goodyear facilities and its online, as well as Exxon and Mobil petrol stations. Goodyear offers tires as well as associated services such as oil changes and lube jobs. This is a typical “private label” card that cannot be used elsewhere like a Visa or MasterCard.

What Are the Interest Fees and Charges for the Goodyear Credit Card?

The variable annual percentage rate (APR) on the Goodyear Credit Card is 29.99. If you pay your payment in full within six months, you may avoid paying interest on purchases above $250.

The card has no annual charge, however there is a $40 late payment penalty.

What Credit Score Do You Need for a Goodyear Credit Card?

Private brand credit cards, such as Goodyear’s, often demand a “fair” or “good” credit score. That should make it simpler to get than a standard Visa or MasterCard. Getting one of these and utilizing it properly might be a step back up the credit-score ladder if you’re seeking to improve your credit.

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