topic Re: CFNA Firestone Mastercard in Credit Cards

CFNA Firestone Mastercard

mediocrebadguy — Sat, 28 Jan 2023 20:05:18 GMT

Just received a letter that Firestone private-label cards are being upgraded to a new Firestone Mastercard. The card is issued by CFNA, which as far as I can tell, is owned by Bridgestone (Firestone's parent company).

There doesn't appear to be an opt-out of the conversion. It also says a new rewards program will be coming Spring 2023, but no details.

In the past, this is a card I only used about once every 5 years because of the promotions available for new tires. Almost forgot I had it.

What I love the most is how they are selling the "features" and "enhanced experience" of the card: "tap & go contactless payment, increased security with EMV chip, and acceptance anywhere Mastercard is accepted". In other words: another useless card on the market. (Although, maybe still good tire deals!)

Re: CFNA Firestone Mastercard

OmarGB9 — Sat, 28 Jan 2023 20:09:09 GMT

@mediocrebadguy wrote:
Just received a letter that Firestone private-label cards are being upgraded to a new Firestone Mastercard. The card is issued by CFNA, which as far as I can tell, is owned by Bridgestone (Firestone's parent company).

There doesn't appear to be an opt-out of the conversion. It also says a new rewards program will be coming Spring 2023, but no details.

In the past, this is a card I only used about once every 5 years because of the promotions available for new tires. Almost forgot I had it.

What I love the most is how they are selling the "features" and "enhanced experience" of the card: "tap & go contactless payment, increased security with EMV chip, and acceptance anywhere Mastercard is accepted". In other words: another useless card on the market. (Although, maybe still good tire deals!)

I suppose to some outside these forums, those "features" ARE a selling point.

Re: CFNA Firestone Mastercard

Anonymous514 — Sat, 28 Jan 2023 22:41:27 GMT

Well when I get the letter I'll be thrilled about mine being upgraded to mastercard because right now I struggle to even use mine with it being limited to firestone, this will help me keep it active for that account age. Also in the email I got back in November it said something about a new rewards program.

Re: CFNA Firestone Mastercard

portlandmusician — Sun, 29 Jan 2023 00:17:06 GMT

Is every card getting converted? I got a letter on 1/07/23 stating changes in the terms of the card, but not that it was being upgraded/transformed into a mastercard. My letter said (the below), so I'm wondering if I'll soon get a letter saying it will be changed to mastercard? As it stands now, I haven't used my card since February 2021 and paid it off in July 2021 and its had zero activity since.

Credit First National Association (“CFNA”) is making changes to your CFNA Credit Card Agreement. We are increasing the Penalty (Late Payment and Returned Payment) Fees and the Minimum Payment Amount.

Additionally, your new Credit Card Agreement contains contractual changes that are effective on February 1, 2023 and March 24, 2023. Use this hyperlink to review and download or print the contractual changes.

Please review and download or print the new Pricing Information and Credit Card Agreement for complete information about the new terms.

Carefully read the information below. You should keep this information with your Credit Card Agreement for future reference.

THESE CHANGES WILL IMPACT YOUR ACCOUNT AS FOLLOWS:

Effective 3/24/2023:

Penalty (Late Payment and Returned Payment) fees will be increased to $30 or $41.
Minimum Payment Amount will be increased to $29.

REVISED TERMS AS OF 3/24/2023:

FEES

Penalty Fees

Late Payment Fee
Returned Payment Fee

Up to $41

ADDITIONAL INFORMATION ABOUT THESE CHANGES:

THE MINIMUM PAYMENT DUE for each Billing Cycle will be the greater of (a) 3.5% of the New Balance (rounded up to the nearest whole dollar) plus all past due amounts and any Late Payment Fee, Returned Payment Fee, or other unpaid fees incurred during the previous Billing Cycle; or (b) $29 (or any amount less than $29 needed to pay your Account balance in full). We will also add any amounts provided as part of a promotional plan. The Deferred Interest Promotional Credit Plan requires minimum monthly payments. The New Balance used to determine your Minimum Payment Due includes Regular Credit Plan transactions and Promotional Plan balances (see Section 6 below for a description of Credit Plans).

The MONTHLY PERIODIC INTEREST RATE that applies to your Revolving Balance is 2.400% (corresponding APR 28.8%) (“Interest Rate”).

LATE PAYMENT FEE: The Late Payment Fee will be $30, or $41 if you did not make the Minimum Payment in any of the six prior Billing Cycles by the Payment Due Date.

RETURNED PAYMENT FEE: The Returned Payment Fee will be $30, or $41 if you had a Returned Payment Fee in any of the six prior Billing Cycles.

PRICING INFORMATION: The Credit Card Agreement includes a Pricing Information document that contains the Annual Percentage Rate ("Interest Rate"), fees, and other information about your Account.

DEFERRED INTEREST PROMOTIONAL CREDIT PLAN: The deferred interest promotional credit plan terms and conditions have been added to the Pricing Information and Credit Card Agreement.

Re: CFNA Firestone Mastercard

Anonymous514 — Sun, 29 Jan 2023 00:31:53 GMT

A NEW AND IMPROVED FIRESTONE CREDIT CARD IS COMING SOON

Coming Spring 2023

More buying power and rewards in your wallet. Receive either the Firestone Credit Card or Firestone Mastercard® based on your current CFNA profilePartnership with Mastercard to offer a Firestone Credit Card and Firestone Mastercard.

Increased security with 16-digit card and chip technology.

Convenient Tap & GoTM contactless payment.

New rewards program with more benefits the more you use your card.

Re: CFNA Firestone Mastercard

shane1978 — Fri, 03 Feb 2023 21:57:47 GMT

Earlier this month I received notice that my card will be changed to the Mastercard version. On January 27th, my credit limit went from $4500 to $12500 without a request from me.

Re: CFNA Firestone Mastercard

TMDSCT — Sat, 04 Feb 2023 00:05:29 GMT

I mean why wouldn't a card be more of benefit being capible of being used all over, rather than just at an extremely overpriced tire store???

Re: CFNA Firestone Mastercard

ChargedUp — Sun, 05 Feb 2023 18:46:59 GMT

Sounds like CFNA will be using MC as its payment network across most, if not all, of their card products.

https://www.prnewswire.com/news-releases/cfna-announces-mastercard-as-exclusive-payments-network-for-new-bridgestone-private-label-and-co-branded-credit-cards-301736615.html

Re: CFNA Firestone Mastercard

OutOfBK — Mon, 27 Mar 2023 12:33:33 GMT

Looks like CFNA, over the weekend, has revamped their customer login for the new Mastercard account. Does anyone know when they are acctually going to start shipping the new cards that replace the store cards? And, does this mean that our credit reports will update with a new account since the MC upgrade and does that affect the length of time my account has been opened with CFNA? Thanks for any new information you may have.

Re: CFNA Firestone Mastercard

SUPERSQUID — Mon, 27 Mar 2023 14:28:12 GMT

@Anonymous514 wrote:
Well when I get the letter I'll be thrilled about mine being upgraded to mastercard because right now I struggle to even use mine with it being limited to firestone, this will help me keep it active for that account age. Also in the email I got back in November it said something about a new rewards program.

I am in the same boat as you, i got an email from them months ago that only mentioned changes in terms and just now when i logged in it showed the store card, no whiff of mastercard. I havent used the card in 3 years anywhoo.

I think I am in the firestone dog house, no soup for me.

Re: CFNA Firestone Mastercard

Creditwiser — Mon, 27 Mar 2023 15:19:59 GMT

No MC for me. Shows the current store card with no indication of a MC now or in the future.

Re: CFNA Firestone Mastercard

Jd97dx — Tue, 28 Mar 2023 20:19:22 GMT

I've been wondering the same thing , I saw on my online account my card image was updated , but when are they shipping us the cards .

Re: CFNA Firestone Mastercard

TryItAgain — Tue, 28 Mar 2023 23:11:58 GMT

No they are not converting all of them. I received my MC version same day son received a new Non MC version. Not sure on the reasoning there. He's low 700s, I'm low 800's. I'd expect he would qualify but who knows.

Re: CFNA Firestone Mastercard

sznthescore — Tue, 28 Mar 2023 23:17:24 GMT

@TryItAgain wrote:
No they are not converting all of them. I received my MC version same day son received a new Non MC version. Not sure on the reasoning there. He's low 700s, I'm low 800's. I'd expect he would qualify but who knows.

Interesting DP, thanks for sharing.

Re: CFNA Firestone Mastercard

Jd97dx — Wed, 29 Mar 2023 14:12:05 GMT

I'm wondering the same , when the cards will be shipped

@OutOfBK wrote:
Looks like CFNA, over the weekend, has revamped their customer login for the new Mastercard account. Does anyone know when they are acctually going to start shipping the new cards that replace the store cards? And, does this mean that our credit reports will update with a new account since the MC upgrade and does that affect the length of time my account has been opened with CFNA? Thanks for any new information you may have.

Re: CFNA Firestone Mastercard

N2B8U — Fri, 05 May 2023 18:13:16 GMT

So from most of the replies I see people are Happy with the fact that Firestone took your in store card and made it a major Mastercard without authorization. This is not necessarily a good thing.