- Earn 3 points per $1 spent on purchases
- Reward dollars redeemable at Subaru dealerships for parts, repairs, new cars, and leases
- Earn up to $500 per year
Purchase: 16.99%, Variable
Penalty APR: Up to 30.74%, Variable
Cash Advance APR: 24.99%, Variable
The only credit cards out there with 3% base reward are automotive cards, because the credit card company actually loses money when the pay out 3% rewards. This is because the highest fee anyone collects (on average) from merchants is less than 2.5%. Automotive cards are willing to take a small loss to get your loyalty.
With the Subaru Credit Card, you can only earn $500 Subaru Bucks a year, which means you are limited to $16,667 a year in spending before you max out. The APR range is actually quite reasonable for a rewards card of this caliber, but if you plan on running up a balance, you're better off getting a low APR credit card in addition to this card.
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