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Polaris Visa Credit Card: Everything You Need to Know

Polaris Visa Credit Card
Polaris Visa Credit Card

Polaris Visa Credit Card: Everything You Need to Know

A lackluster rewards program and limited bonus point categories hold this credit card back.
Editor's Rating: 3.5/5.0
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

Editor's Rating

{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

3.5/5.0

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.

The Polaris Visa Credit Card is a below-average credit card with a restrictive rewards program. There are other cards with no annual fees that offer better rewards and low introductory APR offers. In other words, even in the areas where the card offers bonus points and extra features, it falls short when compared to other available options. Even customers who spend a lot of money at Polaris dealerships or at gas stations will have a difficult time getting value from this card. Others would be better suited applying for a different credit card.

Review: Our Thoughts on the Polaris Visa Credit Card

The Polaris Visa Credit Card offers subpar rewards, even at Polaris dealerships, so it doesn't make a good primary credit card—or, for that matter, even a secondary card. If you're interested in the card for its 0% introductory APR offer or even for its rewards, you should be applying for different cards instead. For instance, the Blue Cash Everyday® Card from American Express does a better job in the aforementioned category, as we discuss below.

Good For…Bad For…
Saving money on purchases at PolarisSomeone looking for an everyday card
Heavy spenders at Polaris dealershipsSomeone looking for an excellent introductory APR offer
Someone who wants to redeem their points online

The biggest drawback of the Polaris Visa Credit Card is its limiting rewards program, which makes it tough for cardholders to save money. Low spenders will find their rewards locked away for a certain period of time, given that it takes $1,250 in spending (in categories where you earn 2 points) to accumulate 2,500 points. Furthermore, the fact that the points expire will make it difficult to gather a large amount of Polaris Cash certificates and maximize the discount on one purchase. Since certificates are only redeemable for Polaris products and services, lack of rewards flexibility is another weakness for the card. All of these factors contribute to a poor rewards program experience for the cardholder.

The card's rewards rate of 1% to 2% is lackluster when compared to other cards—especially when you consider the amount of spending you'd have to do at Polaris dealerships or at gas stations to arrive even close to a 2% rewards rate. To illustrate this, below we compare the Polaris Visa Credit Card against two hypothetical cards with a 1% and 2% flat rewards rate on an annual basis. By utilizing a monthly budget of $1,430 and increasing the spending where you earn two points under the Polaris Visa Credit Card, we're able to see that most people won't receive anywhere close to a 2% rewards rate.

Polaris Dealership and Gas Station SpendingPolaris Visa Credit Card1% Rewards Card2% Rewards Card
$100 of $1,430 monthly spend$184$172$343
$200 of $1,430 monthly spend$196$172$343
$300 of $1,430 monthly spend$208$172$343

Bottom Line: You'd have to be a very frequent customer at Polaris dealerships or purchase a lot of gas to receive value out of this card. Even if you meet that criteria, you must call to request your Polaris Cash certificates and have them mailed to you, which isn't the most convenient method for point redemption. Most people would be better off applying for a different card.

Polaris Visa Credit Card Benefits and Features

The Polaris Visa Credit Card awards cardholders 2 points for every dollar spent at Polaris dealerships and gas stations. Purchases made everywhere else earn 1 point per dollar spent. Once you've accumulated a minimum of 2,500 points, you can redeem them for $25 in the form of a Polaris Cash certificate. The certificates can be used at participating Polaris dealerships for products or services. Note that certificates can only be redeemed in $25 increments, and any remaining points will stay in the account for future use. For instance, if you have 5,400 points, you'd only be able to receive $50 in certificates and the remaining 400 points would be saved for future use.

Polaris Visa Credit Card

  • Get started with 0% Intro APR on purchases and balance transfer for 12 billing cycles. After that, a variable APR currently 15.24% - 24.24%
  • Earn 2 points at Polaris dealerships for every $1 of net eligible purchases
  • Earn 2 points at gas stations for every $1 of net eligible purchases
  • Earn 1 point for every $1 of net eligible purchases everywhere else Visa is accepted
  • Redeem 2,500 points for $25 in Polaris Cash
  • Get started with 0% Intro APR on purchases and balance transfer for 12 billing cycles. After that, a variable APR currently 15.24% - 24.24%
  • Earn 2 points at Polaris dealerships for every $1 of net eligible purchases
  • Earn 2 points at gas stations for every $1 of net eligible purchases
  • Earn 1 point for every $1 of net eligible purchases everywhere else Visa is accepted
  • Redeem 2,500 points for $25 in Polaris Cash
Annual Fee
No Annual Fee
Regular APR
15.24% - 24.24% Variable
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
N/A
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The information related to the Polaris Visa Credit Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Polaris Cash certificates must be requested by phone by calling 1-877-828-4726. The certificates will arrive at your requested destination within three to four weeks. Polaris Cash certificates expire if they're not used within 180 days, and points that have been earned but haven't been redeemed for certificates expire after three years.

The Polaris Visa Credit Card advertises features such as roadside dispatch, fraud protection and auto rental collision damage waivers, however, these features are standard with any Visa-branded credit card. That said, the card offers these benefits with no annual fee.

Purchase and Balance Transfers

Currently, cardholders receive a 0% APR for 12 billing cycles on purchases and on balance transfers made within the first 30 days of account opening. After the 12-month introductory period, the APR will be set between 15.24% and 24.24%. When the introductory period is over, the Polaris Visa Credit Card charges a balance-transfer fee of either 3% or $5, whichever is greater.

How Does the Polaris Visa Credit Card Compare to Other Credit Cards?

The true value of a credit card is best determined when it's compared to other available options. We profiled several of the Polaris Visa Credit Card’s competitors below. By seeing how the card stacks up against others in categories like balance transfers and cash back, you can see which option fits you best.

Polaris Visa Credit Card vs Citi Simplicity® Card

If you're interested in the Polaris Visa Credit Card for its 0% introductory APR offer, you might want to consider the Citi Simplicity® Card because this card offers a 0% introductory APR for balance transfers for up to 21 months and 12 months for purchases, after which your APR will be 16.74% - 26.74%* (Variable). The main draw of this card is that it offers a long 0% intro APR period for balance transfers. Generally, most other cards offer up to 12 months, meaning this card offers a 0% intro APR period that is about 9 months longer than is typical.

Highlights

  • Pay a balance-transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • No rewards program.
  • Citi Simplicity® Card Review.

Polaris Visa Credit Card vs Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express
See Rates & Fees. Terms Apply.
This card is not available through ValuePenguin.
Blue Cash Everyday® Card from American Express
See Rates & Fees. Terms Apply.
This card is not available through ValuePenguin.

Without question, the Blue Cash Everyday® Card from American Express is a better option for cardholders who want a no-annual-fee cash-back or everyday card (See Rates & Fees). Assuming the same monthly budget of $1,430 and gas spending mentioned above, even spending as much as $1,180 at Polaris a month would not be enough to offset the rewards value offered by the Blue Cash Everyday® Card from American Express in the short term due to its $150 cash-back welcome bonus. Even in the long term, you'd be better off with the Blue Cash Everyday® Card from American Express if you spend more money at U.S. supermarkets than Polaris dealerships, which will be true for most people.

Highlights

  • Earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1% cash back after).
  • Earn 2% cash back at U.S. gas stations and 1% cash back on all other purchases.
  • Get $150 after you spend $1,000 in purchases on your new card within the first three months.
  • Blue Cash Everyday® Card from American Express Review.

For rates and fees of the Blue Cash Everyday® Card from American Express, please click here.

The information related to the Blue Cash Everyday® Card from American Express has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. This offer and/or promotion may have since changed, expired, or is no longer available.

Comments and Questions

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).