Review Of The ALON Credit Card
The ALON credit card is offered by gas station and convenience store chain ALON in collaboration with Comenity Bank. The credit card offers you reward points that you can use on future purchases at ALON outlets.
Choosing a credit card can be a daunting and risky task, so you should make sure to do your research before choosing your credit card. Before jumping in to sign up for the ALON credit card, you should know that this credit card is not accepted everywhere, but can be used only at the ALON chain. This restricted use makes this credit card unattractive to many people. It is good for you only if you are a loyal ALON customer. Another bad news is that ALON credit card has the potential to damage your credit score, particularly if you have unstable credit.
Though this credit card is compelling for some customers, but in our view it does not offer fascinating rewards. For every dollar you charge to the ALON credit card, you earn one reward point. When you finally arrive at the threshold of 500 points, you get a $5 rewards coupon.
You can earn a maximum of 1500 points per month, meaning that your rewards coupon can be worth $15 in total per month if you make maximum purchases at ALON. You can then redeem the rewards coupon on purchases like ALON fuel, and any other product in the ALON outlets except tobacco, lottery and products containing alcohol.
When it comes to the purchase APR, it stands at a staggering 24.99 percent. Moreover, if you fail to pay the balance in full every month, you may be subject to additional penalty fees.
The rewards and offers associated with ALON credit card are not compelling enough to recommend it. You can get dozens of other similar credit cards on the market with better rewards, and lower APR. The best thing you can do is look for a store credit card that is powered by Visa or MasterCard because you can use them at any place that accepts Visa or MasterCard. They also come with enhanced security and better offerings.
However, if you are a dedicated ALON customer, you have the choice to go for this credit card given that you have a strong credit position to pay your balance in full every month. But remember, no matter how much purchases you charge to the ALON credit card, your rewards would not exceed $15 per month.