Harley-Davidson® MasterCard Review

Posted January 20, 2017 by CCC Staff in

Harley Davidson MasterCard Review

Special interest credit cards can offer unique benefits not available with any other card. While these types of cards cater to a niche market, it can pay to take a look at all they have to offer. Whether you’re a sports fan or you enjoy riding a motorcycle on the weekend, there’s a credit card for just about everyone.

The only card where you can win!

The Harley-Davidson MasterCard is a motorcyclist’s dream card. How would you like to win a brand-new motorcycle just by swiping your credit card? The HD Mastercard is the only card where you could win a brand new top-of-the-line Harley-Davidson motorcycle by simply using your card. Every time you make an eligible purchase you’ll be entered in a quarterly Harley-Davidson motorcycle draw.

For example, the prize for the 1st quarter of 2017 is a 2017 Softail Slim FLS, with the drawing taking place on April 28, 2017. The prize changes every quarter according to the schedule here:

Period Prize Promotional Period Draw Date
Q1 2017 Softail Slim® FLS (ARV= $18,199) January 1 to March 31, 2017, 11:59 PM ET April 28, 2017
Q2 2017 1200 Roadster XL1200CX (ARV= $12,999) April 1 to June 30, 2017, 11:59 PM ET July 28, 2017
Q3 2018 883™ Super Low® XL883L (ARV= $10,399) July 1 to September 30, 2017, 11:59 PM ET October 27, 2017
Q4 2018 Iron 883™ XL883N (ARV= $10,799) October 1 to December 31, 2017, 11:59 PM ET January 26, 2018

Great contest, lackluster rewards

Each time you use your credit card you’ll earn reward points that convert to Chrome Cash (think of it as the equivalent of a store credit). You will earn 1 point for every $2 spent. For every 1,000 points redeemed, you can spend $10 in “Chrome Cash” toward your favourite Harley-Davidson products.

If the rewards sound a little on the low side, you’re correct. When we crunch the numbers, cardholders are only getting a rewards rate of 0.5 percent (compared to 1 percent on most cards) towards rewards that can be used for Harley-Davidson purchases.

The reason the rewards rate is lackluster is because Harley-Davidson and MBNA need to fund the contest. Basically, all Harley-Davidson cardholders are subsidizing the contest by getting a below market rewards rate. The card is great if you win the motorcycle, but maybe not so great if you don’t.

Harley-Davidson® MasterCard® credit card
MBNA Harley-Davidson MasterCard
Apply Now
  • 1.99% promotional annual interest rate† (AIR) on balance transfers✪ for the first 10 full months
  • Earn 1 Genuine Rewards Point or every $2 in eligible purchases‡
  • Redeem your points for Harley Chrome® Cash‡ to be used at participating Harley-Davidson Canadian retailers
  • Full credit card details
Annual Fee:
$0
APR:
19.99%
Balance Transfer:
1.99% on balance transfers for the first 10 months
Cash Advance:
24.99%

Other Benefits

While the rewards may not be the greatest, the card does offer other benefits:

  • Balance Transfer: Carrying a balance on your credit card? Receive a low introductory rate of only 1.99 percent on any balance transfer for the first 10 months.
  • Travel Protection: Are you a frequent flyer? Whether you like to travel for business or pleasure, enjoy basic travel protection, including unexpected returns home.
  • Extended Warranty Benefits: If you buy something pricey with your credit card, such as a TV set, that comes with an extended warranty, it’s doubled for up to an extra year.
  • Purchase Assurance: You’re protected for 90 days on most purchases you make with your credit card.
  • Cool factor: Simply put, Harley-Davidson’s are awesome and this is the card to match your chrome!

The Bottom Line

We love earning and redeeming credit card rewards. We also love a good contest. While we would not recommend using the Harley-Davidson card as your “everyday” card, we do think it’s a cool way to try to win a bike. If you want to take a stab at winning a motorcycle, use the card a few times a month for small purchases to get entered into the contest. However, use a higher earning rewards card for the majority of your purchases, such as groceries, gas and recurring bills. We might suggest the Tangerine Money-Back Credit Card as an excellent choice to complement this card.


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