FordPass

New FordPass Rewards Visa credit card has the highest rewards earn rate among auto cards

Ford is launching a new aspect of its rewards program.

Photo courtesy of Ford Motor Company

Ford Motor Company, in partnership with First National Bank of Omaha and Visa, is launching the FordPass Rewards Visa Card as part of a customer loyalty program expansion. FordPass first launched in 2019.

The credit card similar to credit card programs offered by General Motors and but Ford says that theirs offers a higher level of rewards than the other programs.

"Building trust and delivering the best ownership experience possible for our customers is our top priority at Ford," said David Loflin, manager, Customer Experience. "Not only does this card match the features of other major players in the credit card space, it offers customers a means to reduce the cost of ownership by redeeming Points to purchase, lease or service their vehicle."

FordPass Rewards Visa Card The card is available in two colors right off the bat.Photo courtesy of Ford Motor Company

In exchange for using their FordPass Rewards Visa Card to pay for purchases, customers can earn 10 percent Back in Points on Ford service. That 10 percent is an accumulation of five percent Back in Points in Ford dealership purchases and an equal percentage Back in Points with FordPass Rewards.

Customers also earn five percent Back in Points on Ford dealership purchases; three percent Back in Points in gas, auto insurance, tolls, parking, and dining expenses; and one percent Back in Points on all other purchases.

The credit card is the only co-branded card with an annual statement credit. Users get $200 each year when they spend $6,000 in 12 consecutive billing cycles after opening the account. Customers get a $100 statement credit when they spend $3,000 within the first three billing cycles after opening an account.

There is also low-interest financing for six billing cycles on Ford dealership purchases over $499.

Additionally, the card gets users access to more traditional FordPass Rewards opportunities. For example, in June FordPass Rewards gave its members access to one month of complimentary Postmates delivery service and deployed a complimentary The Works oil change and tire rotation to members deemed essential workers.

Currently, the FordPass Rewards program has enrolled more than 4.5 million members

Cardholders will be able to customize their FordPass Rewards Visa Card by checking the options box. The card is first available in a Model-A Black or Blue Oval Blue color scheme. Beginning with the Bronco brand and the all-new F-150, future iterations of the card will allow model-specific customization.

To learn more about the FordPass Rewards Visa Card and to apply, visit FordPassRewards.com/Visa.

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Nuts & Bolts

 
 

Teachers from Houston, Tampa, and Detroit can be entered to win.

Photo by Klaus Vedfelt/Getty Images

With more parents having a larger hand in educating their children for the last seven months due to the COVID-19 pandemic, it's become apparent to many just how tough being a teacher can be. Maaco, the world's largest provider of auto paint and collision services, is rewarding one lucky teacher with a free MAACOver as part of a new giveaway.

The giveaway can include an exterior paint job, deep cleaning, and collision/damage repair. These are all services that Maaco offers as part of its menu.

Teachers of grades K-12 can nominate themselves or students and community members can nominate a deserving educator via Macao.com. Only teachers in Houston, Tampa, and Detroit are eligible.

Nominations must be submitted by October 5. Winners will be announced October 19.

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If you've got a reservation, you can now order your 2021 Ford Mustang Mach-E.

Photo courtesy of Ford Motor Company

In a memo to dealers, Ford has announced that it is lowering the manufacturer's suggested retail price (MSRP) of its 2021 Ford Mustang Mach-E, the long-awaited all-electric crossover.

According to a post on the Mach-E forum, the price of the Mustang Mach-E will be $1,000 to $3,000 than initially promoted. The memo states that the Mustang Mach-E Premium will be $3,000 lower than initially anticipated with the all-wheel drive version dropping to $50,800 and rear-wheel drive model now coming in at $48,100.

2021 Ford Mustang Mach-E The Ford Mustang Mach-E will begin arriving at dealership lots soon. Photo courtesy of Ford Motor Company

The Mach-E First Edition, a sold-out top-of-the-line model, will get a $1,000 price deduction. That same drop applies to the Mach-E Select, the base model. That base model has a 230-mile range. Higher price point versions of the Mach-E can achieve up to 300 miles of range.

The price of each vehicle includes a $1,100 delivery charge. Customers are eligible to receive a $7,500 federal tax credit with purchase.

Pricing will apply to all models that have been ordered since the Mach-E was unveiled at the 2019 L.A. Auto Show. The first deliveries of the crossover are expected to arrive in customer hands later this year.

How does the new price compare? The freshly-unveiled Volkswagen ID.4 will start at $41,990 including the cost of delivery, making it about $2,000 less than the new price of the Mach-E Select, which comes in at $43,995 for front-wheel drive models and $46,695 for all-wheel drive variants. The ID.4 will get up to 250 miles on a single charge.

The Tesla Model Y comes in at $49,990 but has more range than the Mustang Mach-E at 316 miles on a single charge and comes standard with all-wheel drive.

Ford and Volkswagen vehicles will rely on private charging opportunities. Both companies have recently announced partnerships with Electrify America, which has two cross-country charging routes available and is working to rapidly install charging stations at private enterprises and in public spaces nationwide.

Volkswagen ID.4 buyers get three years of free charging with purchase. Mustang Mach-E owners get 250-kilowatt-hours of free charging when they buy a Mach-E.

Tesla has a fully built-out electric vehicle charging infrastructure that allows for fast charging of the Model Y. With that capability it can relain 158 miles of charge in just 15 minutes while at a Supercharger. There are 17,000 Superchargers worldwide and six new locations open each week according to the Tesla website.

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