Jiffy Lube Credit Card | Review | Avoid Unless Desperate
Recommended in specific cases. Use the Jiffy Lube Credit Card very cautiously. Requires special attention to on-time payments to avoid very high APR and/or fees. If you need to pay for a large auto repair or maintenance bill right now, but don’t have another way to pay, this can provide a stop gap.
Pros and Cons: Jiffy Lube Credit Card
Effectively a temporary 0% interest loan for auto repair if used correctly (make monthly minimum payments and payoff full balance during the promo period. 6 months promotional 0% financing for purchases over $199
No Annual fee
They claim they will give a credit approval decision within minutes
Reputable issuer (Synchrony Bank)
Very high APR – 29.99%+ – like most store co-brand cards. Be careful to pay off your bill fully each month
Only works in the U.S.
Jiffy Lube Credit Card Executive Summary: Only use in a car repair emergency
Avoid this card unless you have an immediate car repair emergency and have no other way to pay.
When it comes to credit cards, the Jiffy Lube Credit Card is a popular choice for people with unexpected car expenses.
This card is a popular option for several reasons, but it also has many negative aspects.
Let’s explore those in detail so you don’t miss out on any important information.
Let’s get into all the details ⏩
Features and benefits of the Jiffy Lube Credit Card
Let’s check it out
Jiffy Lube Credit Card: Features and Benefits Discussion
There are plenty of features and benefits that make the Jiffy Lube credit helpful card, especially when considering convenience.
Credit Card Payment Options
Synchrony Bank extends co-branded credit cards through hundreds of companies, including Jiffy Lube. The Synchrony online payment portal is user-friendly and straightforward.
It is easy to pay monthly or to set up automatic payments.
If you prefer non-digital methods, Synchrony will send you a monthly bill, and you can return payment by mail with a check or money order.
Special Financing Option
The Jiffy Lube Credit Card offers special financing with 0% initial interest on purchases over $199 if you fully pay off your card in six months and make minimum monthly payments along the way.
This financing feature is an excellent option if you have an unexpected car expense. But make sure that you can pay off the balance entirely within six months.
Quick Application Process and Responses
It takes, on average, five minutes to apply for a Jiffy Lube credit card, and most people receive their approval or denial within ten minutes of completing the application.
Who should consider getting the Jiffy Lube Credit Card?
Who Is a Jiffy Lube Credit Card Good For?
Jiffy Lube credit cards are great for some people. This card might be a good fit for you if
● You’re new to credit.
● You are hoping to rebuild a fair to poor credit history.
● You want to utilize the special financing option.
● You plan on paying the credit card off quickly.
● You need your car immediately and don’t have another payment method. While the Jiffy Lube credit card has a high APR relative to other credit cards, it is significantly better than a payday cash advance loan.
Who Is a Jiffy Lube Credit Card Not Good For?
Jiffy Lube credit cards have some downsides as well. This card may be a poor fit for you if
● The purchase(s) you plan to make won’t qualify for special financing.
● You have good or excellent credit. You will likely qualify for a different credit card with more benefits and a lower APR if you have excellent credit.
● You have the money to pay for your car repair immediately.
● You’re unsure if you will be able to make the minimum monthly payments required
● You want a new credit card that you can use at any business.
Approval Odds of a Jiffy Lube Credit Card
While your income is vital for any credit card approval, your approval odds on a Jiffy Lube credit card are high if you have at least a fair credit score.
Synchrony Bank, the issuer of Jiffy Lube credit cards, sends pre-approval mailers to individuals with a credit score over 640, for example.
However, hope isn’t lost if your score is a little lower. They frequently approve those with at least a 580 credit score if they haven’t filed for bankruptcy in the last seven years and don’t have multiple adverse credit events on their record.
How To Utilize a Jiffy Lube Credit Card
We recommend paying off a Jiffy Lube credit card before any interest can accrue. They have several payment options for you to make a payment (see below).
Take advantage of any special financing offers that will lower APR, and keep the balance as low as possible to avoid excessive interest.
Conclusion on the Jiffy Lube Credit Card
Unless you desperately need a car repair and have no other way to pay, we’d skip this card.
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