Ram DrivePlus Mastercard®

Ram DrivePlus Mastercard® Review

This is a store cashback card issued by First National Bank of Omaha. If you're wondering whether Ram mastercard is the right card for you, read on.

Key Takeaways

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Signup bonus. Offers a signup bonus of up to $100 if you spend $100.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.24% up to 28.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. Ram DrivePlus Mastercard® charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $10.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Gas rewards. 2% cashback on eligible fuel purchases.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Ram mastercard

The Good

The Bad

Earn 5% cash back at the dealer ship, 2% cash back on gas and travel, and 1% cash back everywhere else. Special financing options available. Enjoy benefits such as identity theft protection, fraud monitoring, zero liability, and FICO score for free. No annual fee. 0% APR on new purchases during the first 6 months. There is then a variable purchase APR that ranges from 17.24% up to 28.24%. No annual fee. Free access to your credit score. Identity Theft Protection. Ram DrivePlus Mastercard® reports to multiple credit bureaus.

Contains foreign transaction fees. Higher than average purchase APRs. You need good credit to qualify. Charges a foreign transaction fee of 3%. Charges a 5% balance transfer fee.

Ram mastercard FAQ

Does Ram mastercard have a cash back or rewards program?

No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

What are the Ram mastercard benefits?

It provides the following benefits:

• Free Credit Score
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Ram mastercard?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Ram DrivePlus Mastercard® has a variable purchase APR that ranges from 17.24% up to 28.24%. The card has a variable balance transfer APR that ranges from 17.24% up to 28.24%. It also has a variable cash advance APR of 27.49% .

What are the fees for Ram mastercard?

The following fees apply:

Ram mastercard Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $35
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Ram DrivePlus Mastercard® report your account activity to credit bureaus?

Yes, Ram DrivePlus Mastercard® reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Ram mastercard

• Visit the Ram mastercard website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.