Q: I have a Chrysler rewards card issued by Bank of America. What happens to my points if Chrysler liquidates?
| Row 0 - Cell 0 | Why Is my Credit Score Dropping? |
| Row 1 - Cell 0 | Will a 401(k) Loan Default Hurt My Credit? |
| Row 2 - Cell 0 | Search for Low-Interest Cards |
When we contacted Bank of America, the spokeswoman refused to speculate. As of now, she says, "there have been no changes to the Chrysler rewards program." That means you'll continue to earn five points for every dollar you spend at a Chrysler, Jeep or Dodge dealership with your Platinum Plus Visa (points may be used toward a vehicle purchase or lease, applied to a monthly payment, or used to pay for parts and service).
But David Robertson, publisher of the Nilson Report, a trade newsletter, believes your rewards points could be in jeopardy. "There is no other Chrysler, so there is no wiggle room for the bank to offer you a deal." His advice: Use up the points. That does not mean that Bank of America won't try to keep you as a customer. He says you can expect to be offered another rewards card along with a sweetener, such as an Amazon gift card, to persuade you to take the new card.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
When Circuit City announced that it was liquidating its stores, Chase, which had issued a co-branded Visa card, offered cardholders a new rewards card. Customers who did not want the new card could pay off their balance at the existing rate and terms. Rewards points, which could be redeemed only in Circuit City stores, were accepted during the liquidation process.
-
The $33,000 Retirement: One Man's Surprising Path to Financial Freedom at 61Forget what society tells you, even with less than $1 million, you can be happy in retirement.
-
The Best Aerospace and Defense ETFs to BuyThe best aerospace and defense ETFs can help investors capitalize on higher government defense spending or hedge against the potential of a large-scale conflict.
-
Amazon Resale: Where Amazon Prime Returns Become Your Online BargainsFeature Amazon Resale products may have some imperfections, but that often leads to wildly discounted prices.
-
Roth IRA Contribution Limits for 2025Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
-
Four Tips for Renting Out Your Home on Airbnbreal estate Here's what you should know before listing your home on Airbnb.
-
Five Ways to a Cheap Last-Minute VacationTravel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
-
How Much Life Insurance Do You Need?insurance When assessing how much life insurance you need, take a systematic approach instead of relying on rules of thumb.
-
When Is Amazon Prime Day? Everything We Know So Far, Plus Early DealsAmazon Prime Here are the key Amazon Prime Day dates and details you need to know, plus some of our favorite early deals to shop ahead of the sale.
-
How to Shop for Life Insurance in 3 Easy Stepsinsurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
-
Five Ways to Shop for a Low Mortgage RateBecoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
