Went on a "post-mortgage closing" spree for 3 cards, and my #2 card goal was the FNBO FordPass Rewards Visa. Approved with a $14,000 SL! Also went for #1 USB Altitude GO (in review atm) and #3 Amazon Store card (approved, see post here).
I've been receiving mailers for this card for a while, but haven't put much consideration into it until running some comparison numbers against other cards (ie: AOD 3%). It has a somewhat complex reward structure to understand, but I plan on utilizing the $200 annual statement credit after $6000 in 12 month spend (which is essentially a 3.33% cashback when just spending up to the $6000, plus the rewards points on top of that). Doubt I will use for anything beyond the $6000 annually, because I think the rewards points are really only half value (2 points = $1). I don't like being locked into a points structure with a company, but I do get my car serviced at the dealership for ease of maintaining documentation for the lifetime engine train warranty that came with the car (in case something does happen). Will use the points for service I guess.
Card summary:
- $200 annual statement credit after $6,000 spend in consecutive 12 months
- $100 statement credit after $3,000 spend in first 3 billing cycles SUB
- 11,000 FordPass Rewards Points after first purchase (about $55 in terms of money)
- Points structure is:
- 5% Ford dealership purchases (10% for service)
- 3% on gas, auto insurance, tolls, parking, and dining
- 1% for all other purchases
DP's:
- Pulled Experian, and my EX 8 was 738 at time of pull (dropped to 736 after inquiries)
- No prior relationship with FNBO, but I do have a FordPass Rewards account
- UTI = below 1% ($16 / $59,850 CL)
- 4 CC's and 1 AU CC
- 1 auto loan, UTI = 15%
- Scoreable inquiries = 2/6, 2/12 (both are mortgage HP's, so FICO counts them as 1)
- AAoA = 6yr 0m
- AoOA = 12yr 1m
- AoYA = 1yr 10m
- BK7 from 2012
Congratulations on your approval!
Grats on your double approval and good luck on the one in review!
Congrats on your approval and SL.
Congrats on your approval!
Congrats on your FNBO Approval🎉👍
