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But you can use a regular credit card at all of these locations and many more. You usually can’t use this card at the grocery store or local home improvement warehouse. In many cases, you can only use this financing option for vehicle repairs. Limited Use: While an auto repair credit card may get you out of a jam at the auto repair shop, they won’t do you much good anywhere else. While this is convenient, you’ll also find that most of these credit cards have sky-high interest rates after your promotional purchase period ends.Ĥ. You may receive credit approval if you have a bad credit score or no credit at all. High APRs After the Promotional Terms: Car repair credit cards often have very relaxed credit approval standards. Watch for deferred interest on some co-branded credit cards.ģ. But if you don’t, the bank will pile all of that accrued interest onto your balance when the promotional period expires. If you repay the debt before your deal expires, you don’t have to worry about the financing charges. With deferred interest, your debt will continue to accrue interest during your promotional purchase time frame. Deferred Interest: If your lender forces you into a deferred interest deal, you may find that your car repairs cost way more than you planned. In many cases, you’ll have only six months to repay your debt before your interest rate kicks in.Ģ. Short Promotional Terms: Most credit card issuers that partner with auto mechanics offer very short interest-free periods for your promotional purchase. While this may seem convenient, this car repair financing option has several pitfalls, including:ġ. The mechanic will submit your application for an auto repair credit card to its partner bank, which will instantly accept or decline your application. That’s why you have to apply for an auto repair loan or line of credit with the mechanic. Instead, these independent businesses partner with outside banks or credit card issuers to offer auto repair financing. No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® cardįew mechanics offer their own financing.Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.99% – 26.74%.Cash Back rewards do not expire as long as your account is open! You can choose to receive a statement credit or direct deposit into most U.S. After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!.Please provide the exact content of the review that you feel is inappropriate. Which dealership do you believe this review was meant for, and what leads you to believe the review was posted to the incorrect page? Please let us know what leads you to believe that this review should be removed from the page. Please let us know what leads you to believe that this review was posted fraudulently.
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#AUTO REPAIR FREEDOM CHEVROLET FULL#
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