The Volkswagen Credit Card is a good option if you have very good credit and you are looking to take advantage of the interesting reward program that they offer. With this program, you can earn two points for every dollar you spend on purchases at participating Volkswagen dealers or at Volkswagen DriverGear. You earn 1 point on each dollar spent on general purchases at other locations.

These points that you earn are then redeemable for checks that you can use at Volkswagen dealerships or as payment on a loan for a new Volkswagen. You can also redeem your points for travel, gift certificates, and various merchandise. There is no maximum amount of points that can be accumulated per year; however, points will expire in five years.

This card is not a good option if you plan to have a high revolving balance because the interest is kind of high and is based on the “Two Cycles Average Daily Balance” method used by this card to determine finance charges, which ends up costing more to maintain an occasional balance as compared to the “Average Daily Balance” method used by many credit card issuers.

For a reward card, the Volkswagen Credit Card has low interest rates on purchases and balance transfers and there is even a 0% introductory offer that applies to both purchases and your balance transfers in the first 12 billing cycles so this could be a good opportunity to transfer other card balances to this one which gives you better rewards. There is no annual fee to use the card and it comes with the standard platinum cardholder benefits such as up to $500,000 in travel accident insurance, auto rental insurance, and extended warranties for purchases.

After the first 12 months, your APR on purchases is 14.99% variable and 23.99% variable on cash advances. There is no fee for additional cardholders and no annual fee for you either. The minim credit limit is $5,000 and the maximum is $100,000. Reward points expire in 5 years.