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Annual Fee:
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$90
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How Points are Earned:
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Ten points for every dollar spent over $500 on parts and service at dealerships; five points for every dollar spent on Mercedes merchandise or for parts and service under $500; 1.5 points for each dollar on all other purchases.
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Awards:
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Points can be used toward monthly payments on a new vehicle, maintenance and service as well as vacation packages, jewelry, electronics and charitable contributions.
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Expiration:
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Points expire after five years.
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Earning Limits:
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No limit on points earned
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Eligibility; Contact Info:
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Interest Rate:
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Variable APR of prime plus 5.99%, 7.99% or 9.99%
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Should You Apply for One?
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If you spend a lot at the Mercedes dealership, points can really add up quickly with this Visa Signature card — 10 points for every dollar spent over $500. If you charge an extraordinary amount on the card, you can even roll up enough rewards to get a free Mercedes. Then again, you have to own a Mercedes before you can even think about applying.
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Published on 7/26/06
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