The Mercedes-Benz Credit Card
The Mercedes-Benz credit card comes with several useful cardholder benefits including a large sign-up bonus, as well as a 0% introductory APR. The card also includes several ways for cardholders to collect up to 5X membership reward points on purchases. In addition to all of this, cardholders can also receive multiple rewards that can come in handy when purchasing or leasing a Mercedes-Benz vehicle.
Although the Mercedes-Benz credit card comes with a lot of benefits, it’s important to note that a majority of the benefits will only apply to someone who plans on purchasing or leasing a Mercedes-Benz vehicle. If you happen to be someone who already owns a Mercedes-Benz or someone who has no intention of ever purchasing one of their vehicles, you may not be able to benefit from the features included with this card.
On the other hand, if you are someone who plans to buy a Mercedes-Benz in the near future, you might have the potential to benefit from having the Mercedes-Benz credit card in your wallet. Even though this card includes several useful benefits, keep in mind that most of these benefits will apply only to Mercedes-Benz purchases, which you probably won’t be making on a regular basis.
Mercedes-Benz Credit Card Features and Benefits
The Mercedes-Benz Credit Card from American Express comes with a pretty significant amount of features and benefits that can allow cardholders to not only save money on Mercedes-Benz purchases, but also collect rewards on all of the purchases they make. Some of the benefits included with this card demonstrate their value after the first purchase is made.
Once an applicant is approved for the card, they will instantly be able to enjoy a 0% introductory APR, which lasts for six months. Once this intro period is over, cardholders will be given a fixed APR of 16.49%. In addition to receiving a 0% APR right from the start, cardholders will also be eligible to collect a sign-up bonus from the moment they are approved.
The sign-up bonus included with this card will award cardholders with 10,000 American Express Membership Rewards points. In order to collect this sign-up bonus, cardholders must spend at least $1,000 within the first three months of having the card. In addition to the sign-up bonus, cardholders can also receive Membership Rewards points in one of several other ways.
When using this credit card on Mercedes-Benz purchases, 5 Membership Rewards points will be earned for every $1 spent. All gas station transactions of $400 or less will earn 3 points for every $1 charged. In addition to this, 2 points will be earned per $1 spent at U.S. restaurants and 1 point will be earned for every $1 spent elsewhere.
Aside from these benefits, every year that someone has this card, they are eligible to receive a $500 certificate, which can be applied to any future Mercedes-Benz purchase or lease. In addition to the $500 certificate, a $50 certificate is earned upon annual account renewal. Cardholders can also have up to 1,000 miles waived when turning their Mercedes-Benz vehicle in at the end of their lease.
Here’s a list of the benefits received with this card:
What You Get
- Sign-up bonus of 10,000 Membership Rewards points
- 0% introductory APR for 6 months
- 5X Membership Rewards points on Mercedes-Benz purchases
- 3X Membership Rewards points on eligible gas purchases
- 2X Membership Rewards points at U.S. restaurants
- 1X Membership Rewards points on everything else
- $500 anuual certificate
- $50 renewal certificate
- Up to 1,000 miles waived on leases
Earning and redeeming your Membership Rewards with this card is just as easy as it is with almost any American Express card. As you make purchases with your Mercedes-Benz card, a certain amount of Membership Rewards points will be collected based on where you’re shopping. Once enough Membership Rewards points are collected, they can be redeemed on a wide variety of potential options including gift cards, online shopping and even award travel.
The Mercedes-Benz American Express credit card does not currently include any type of special financing options.
The most significant customer perks that you’ll receive with having the Mercedes-Benz credit card in your wallet are the certificates that you receive. The first one you get is for $500 towards your next Mercedes-Benz purchase. This certificate will be earned once you spend at least $5,000 on your credit card within a year. This certificate can be earned every year that you remain a cardholder.
In addition to the $500 annual certificate that can be earned, you will also receive a $50 certificate every year that you renew your card. It’s important to keep in mind that these certificates will only apply to Mercedes-Benz purchases.
Apart from the annual certificates included with this card, Mercedes-Benz customers can also have up to 1,000 excess miles waived when turning in vehicles that are leased through Mercedes-Benz financial services.
What is the Value of Mercedes-Benz Card?
The reward programs attached to many co-branded cards are very limiting since most only allow you to earn and redeem rewards at a single retailer. But unlike other programs, the American Express Membership Rewards program offers a significant range of options when it comes to both earning points and redeeming the points you’ve earned.
No matter where the shopping takes place, cardholders will receive a certain amount of points for every dollar they charge to the card. Depending on where the purchases are made, cardholders will earn between 1 and 5 Membership Rewards per dollar.
The Membership Rewards points that you earn can be redeemed on a wide range of options, and many redemptions value the points at one cent each.
It’s pretty safe to say that the average value of Membership Rewards points is about one cent per point when used for gift cards. The exact value of these points can be determined once you’ve chosen exactly what it is that you want to redeem them on. They can be worth more when redeemed for miles in an airline program.
To redeem Membership Rewards points, you must log in to your American Express account and from there you can find all the rewards they have available as well as information on how to transfer them to airline frequent flyer programs.
What is CPP and How is it Calculated?
Cents Per Point (CPP) is a way to measure the value of points. It tells you how many cents you get for each point you redeem by dividing the cash price of the hotel room by the number of points of an equivalent award stay costs. This can be a somewhat subjective calculation because the price of the stay in both cash and points fluctuates by season and availability.
We use the following formula to calculate the CPP:
Should You Get the Mercedes-Benz Credit Card?
After reviewing the features and benefits of the Mercedes-Benz credit card, it’s clear that someone could benefit from having this card in their wallet, especially if they’re a person who leases a Mercedes-Benz vehicle, or at least plans to buy one in the future. Even though the card has quite a few benefits, it’s important to consider all your options and take some time to think about your decision to apply.
Yes, the 0% introductory APR and the sign-up bonus of 10,000 Membership Rewards points makes the card seem very appealing at first glance, but it’s important to consider whether these features alone are enough to make the card worth applying for. Although the sign-up bonus awards you with many Membership Rewards points, there are many other cards available that offer even bigger sign-up bonuses which can award cash instead of points.
Although the card includes many benefits, most only apply to Mercedes-Benz purchases. The card allows you to collect five points per dollar spent on any Mercedes-Benz purchases you make, but for many people, this benefit may only hold its value one or two times. Some of the benefits included with this card, such as the annual certificates or the mileage waiver, could be potentially beneficial to someone who is leasing their vehicle, but not to a person who owns theirs.
This card does allow its holders to earn Membership Rewards points in multiple ways, but it’s important to understand that it’s not the only American Express credit card that provides access to the Membership Rewards program. American Express has several reward cards available that are not co-branded with Mercedes, all of which provide access to the AmEx rewards program.
If you’re simply interested in this card only for the Membership Rewards points, you might benefit from taking some time to look at a few of the other American Express reward credit cards that are available, or maybe even a rewards card from a different issuer. Reward points systems can be a bit difficult to use at times, and because of this a cashback card is always a good option that yields little confusion. A cashback rewards system is much easier to manage and way more straightforward than a reward points system.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- The answer to this question would be based on several factors including whether or not you own or lease a Mercedes-Benz vehicle and how often you plan on making Mercedes-Benz purchases.Although this card includes multiple benefits, a handful of them will only apply to Mercedes-Benz related purchases. The fact that this card provides access to the American Express Membership Rewards Program is definitely very appealing, but it’s not the only American Express credit card that includes access. In fact, there are other American Express reward credit cards that allow you to collect even more reward points in different categories.When you consider the amount of reward credit cards that are available, it’s hard to decide whether this specific card is worth applying for. Sure, a person who leases their Mercedes-Benz vehicle could benefit from having this card in their wallet, but there are also many other cards that could provide that person with similar or greater benefits.If you truly wish to apply for the Mercedes-Benz credit card, you can do so by filling out the online application on the American Express website. Before applying, be sure to consider all of your potential credit card options.
- As a member of the American Express Membership Rewards program, you can collect points on eligible purchases made with your qualifying American Express rewards credit card. Depending on the credit card that is used, a certain amount of points (usually one to five) will be earned on every dollar that is charged.The Membership Rewards points are collected and saved over time and they can be redeemed on one of the many options that are available. Some of the options that are available include gift cards, statement credits, online shopping and even award travel. The points you earn can range in value, depending on what you choose to redeem them on.Since you are required to be an American Express cardholder to be a member of the program, all members can enjoy basic American Express cardholder benefits. These benefits include, but are not limited to, extended warranties, purchase protection, return protection and roadside assistance.As long as you have at least one account open with American Express, your Membership Rewards points will never expire.
I’ve triggered the penalty APR on my Mercedes-Benz credit card, why did this happen and will I be stuck with this APR forever?The Mercedes-Benz credit card from American Express comes with standard APR of 16.49%, which is decent when it comes to credit card interest rates. If one or more late payments are made, or if a payment is returned by your bank, the penalty APR of 29.99% will trigger on this card.Irresponsible spending and poor account management both together and alone can very easily cause someone to trigger the penalty APR on their card. Although having such a high APR can be troublesome, there’s no need to worry too much because you can have your penalty APR reduced in as little as six months.The first step in removing your penalty APR is to begin making timely payments. If this might be a problem, take a bit of time to do some budgeting and formulate a plan that will help you make all your payments on time. Every six months after the penalty APR has been applied to your account, it will be reviewed. If all payments were made on time and no returned payments have shown up on your account, the penalty APR will most likely be dropped.
- Once you have your card, it can be activated very easily over the phone. Simply turn your card around and find the customer service number on the back of it. By contacting customer service, you can connect to a representative who will help you activate your card. All you have to do is provide them with your 15-digit card number and the 4-digit card ID.In addition to applying online, it’s also possible to activate your new credit card online. By visiting the American Express website, you can access their online credit card activator. Once you’ve located the activation page, simply type in your 15-digit card number and the 4-digit card ID.
There are several credit cards that are co-branded with major car companies, but most will not provide access to the American Express Membership Rewards program. In fact, many of the cards that are co-branded with car companies, offer very little benefits compared to the ones that are included with the Mercedes-Benz American Express credit card.
Compare Similar Co-Branded Cards
|Sign-up bonus||0 points||10,000 points||0 cashback|
|APR On Purchases||14.49% to 25.49% Variable±||16.49% Variable±||29.74% Variable±|
|Second Year Value||$358||$434||$0|
All of these credit cards can be used to make qualifying purchases at their respective businesses. Although each one of these credit card is aligned with a vehicle brand, each of these cards are actually very different from one another. Out of these cards, the Mercedes-Benz American Express credit card definitely contains the most features, but it also contains the highest annual fee.
To carry the Mercedes-Benz American Express card, you have to be willing to pay $95 a year for it. Although it may seem like a steep annual fee, it’s the only card out of these three that includes a sign-up bonus. In addition to the sign-up bonus, it’s also the only card from this list that includes a 0% introductory APR. The fact that this card includes access to the Membership Rewards program also sets it apart from the others.
The BMW Ultimate card is an invitation-only credit card which also includes rewards. The reward points that you earn with this card can be redeemed on a range of options that’s slightly narrower than the options you have with AmEx Membership Rewards. Aside from the rewards it includes, the BMW Ultimate card offers no additional benefits except for access to their financial services.
The Ford Service credit card is very different from both the Mercedes-Benz card and the BMW Ultimate card. Unlike the other cards which are affiliated with AmEx and Visa, the Ford Service credit card is not affiliated with any major payment network, meaning it can only be used to pay for your Ford vehicle services and maintenance. In addition to this, the card does not offer any type of rewards. it’s the only card in the group that comes with no annual fees.
Some Alternative Cards for Mercedes-Benz Credit Card
There are many credit cards available that aren’t co-branded with a specific retailer, but still allow cardholders to collect rewards on the purchases they make. There are many different types of rewards that can be received when considering potential credit card options, but cashback reward systems are without a doubt, one of the easiest to manage. If you’re considering applying for the Mercedes-Benz credit card, you might benefit from taking some time to consider these alternative credit card options. These options offer cashback rewards; however, some of these cards offer better cashback rewards than others.
- Blue Cash Everyday® Card from American Express
$150 cashback bonus offerRead Review
- Chase Freedom Unlimited®
15,000 points offerRead Review
- Discover it® - Cashback Match™
Up to 5% cash back offerRead Review
Best Cashback Card
When considering the alternative credit card options listed above, the Blue Cash Card from American Express includes the best cashback rewards. In addition to the cashback rewards included with this card, it also comes with a sign-up bonus and a 0% introductory APR.
When shopping at supermarkets, Blue Cash Preferred cardholders can collect 6% cashback on up to $6,000 in purchases every year. When making purchases at gas stations and select U.S. department stores, cardholders can earn 3 percent cash back. And 1 percent cashback will be earned on all other purchases charged to the card.
The sign-up bonus included with this card allows the user to collect $200 back after they spend $1,000 within the first three months of having their card. The Blue Cash Preferred also includes a 0% introductory APR on purchases and balance transfers for 12 months.
Best Rotating Category Card
Out of these cashback credit cards, the Discover it Cashback Match has the best rotating category offer. This card allows cardholders to collect a large cashback bonus on a certain category of products that rotates quarterly. The 1 percent cashback is collected on all purchases and 5% cashback is collected on eligible rotating category purchases. Eligible categories include gas stations, grocery stores, restaurants, wholesale clubs and Amazon.com.
Aside from the rotating category offer included with this card, the Cashback Match card will also match all the cashback received by new cardmembers during their first year. This means that after one year of having the card, Discover will double the amount of cashback that you’ve earned.
Best 0% APR Card
The Chase Freedom Unlimited includes the best 0% APR offer out of the group. Once approved for this card, you can enjoy a 0% introductory APR on both purchases and balance transfers for an entire 15 months.
This card includes no annual fee, and in addition to the 0% intro APR, cardholders can receive a $150 bonus after spending $500 within the first three months of opening their account. When making purchases, cardholders can collect unlimited 1.5% cashback.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
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Card Terms and Conditions
While it's easy to focus on the benefits of the Mercedes-Benz card, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this American Express card.
- Intro APR:
- 0% introductory APR for the first 6 months
- Intro APR for balance transfers:
- See Terms and Conditions
- Ongoing APR:
- 16.49% Variable±
- Minimum Grace Period:
- 25 days
Cash Advance Features
- Ongoing APR:
- 26.49% Variable±
- Cash Advance Fee:
- Either $5 or 3% of the amount of each cash advance, whichever is greater
Security and Protections
Like many credit cards, The Mercedes-Benz card includes a few built-in security features such as fraud protection and access to online account management service.
- Fraud Protection:
- Zero liability for fraudulent purchases.
- Online account access:
- Sign in to your AmEx account to make payments, review your statements, keep track of your spending and more.
Additional Cardholder Benefits
Since the Mercedes-Benz credit card is issued through American Express, it includes a few additional cardholder benefits including a variety of travel benefits, as well as shopping and entertainment benefits.
American Express Travel Benefits
- Roadside assistance services
- Car rental loss and damage insurance
- Travel accident insurance
- Extended warranty
- Return protection
- Phone theft and damage coverage
- Access to ticket presales and cardholder-only events