CarMax Credit Card
Basic Information
Program ID: carmax-credit-card
Issuer: Synchrony
Card Type: Credit
Network: Mastercard
Card Tier: Standard
Data Complete: Yes
Created: 01/10/2026 09:21
Last Scraped: 01/15/2026 09:50
Fee Structure
| Annual Fee: | $0.00 |
| Year 1 Waived: | No |
| Effective Annual Fee: | $0.00 |
| Authorized User Fee: | $0.00 |
| Penalty APR: | 30.00% |
Additional Fees
| Late Fee: | $40.00 |
| Returned Payment: | $40.00 |
| Balance Transfer: | N/A |
| Cash Advance: | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Foreign Transaction: | 0.00% |
Interest Rates
Purchase APR Range: 2,124.00% - 2,999.00%
Intro Purchase APR: 0.00%
Intro APR Duration: 0 months
Intro BT APR: 0.00%
Intro BT Duration: 0 months
Cash Advance APR: 2,999.00%
Sign-Up Bonus
Bonus Amount: $0.00
Spending Requirement: $0.00
Time Period: 0 days
Bonus Timing: No sign-up bonus is currently offered as the CarMax Credit Card is no longer available for new applications. The website states: 'The CarMax Credit Card is no longer available for new applications. If you are an existing CarMax Credit Card customer, you can continue to use your card and manage your account through Synchrony Bank.'
Rewards Program
Reward Type: CarMax Rewards
Base Reward Rate: 1.00%
Bonus Reward Rate: 2.00%
Bonus Categories: 2x on CarMax Purchases
Point Value Estimate: 0.0100 cents/point
Expiration Policy: Points do not expire as long as the account is active and in good standing.
Transfer Partners: None
Card Benefits
Protection Benefits
- Extended Warranty
- Purchase Protection
- Cell Phone Protection
- Price Protection
Travel Benefits
- Travel Insurance
- Primary Rental Protection
- Trip Delay Coverage
- Lost Luggage Coverage
- No Foreign Transaction Fees
Premium Benefits
- Airport Lounge Access
- Concierge Service
- Global Entry Credit: $0.00
- TSA PreCheck Credit: $0.00
Approval Criteria
Recommended FICO Range: 670 - 800
Approval Odds Category: Good
Pre-qualification Available
Soft Pull Supported
Hard Pull Bureau: Varies
Issuer Rules
Rules: The CarMax credit card, issued by Synchrony, primarily offers promotional financing on vehicle purchases, service, and parts at CarMax locations. There is typically no traditional sign-up bonus with a spend requirement. **Eligibility Requirements (for 2026):** 1. **Age:** Must be at least 18 years old (19 in Alabama and Nebraska). 2. **Residency:** Must be a U.S. resident with a valid U.S. mailing address. 3. **Identification:** Must possess a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). 4. **Income:** Must have a verifiable source of income sufficient to meet credit obligations. 5. **Creditworthiness:** Approval is subject to credit review. While Synchrony may approve applicants across a range of credit scores, a fair to good credit score is generally preferred for optimal financing terms. Applicants with lower scores may be approved with higher APRs or less favorable terms. Promotional financing offers (e.g., 0% APR for a specific period) are subject to credit approval and may vary based on the purchase amount, type of transaction, and current promotions.
Maximum Cards Per Issuer: 5
Minimum Spend Interval: N/A - The CarMax credit card primarily offers promotional financing on purchases rather than a traditional sign-up bonus with a spend requirement. Promotional terms (e.g., 0% APR for X months) vary by offer and purchase type.
Shutdown Risk Triggers: Common triggers for account review or shutdown by Synchrony include: high cumulative credit limit across all Synchrony accounts, excessive credit applications within a short period, missed payments or delinquency on any Synchrony account, suspected fraudulent activity, manufactured spending (though less applicable to a store card like CarMax), or breach of cardholder agreement terms.
International Friendly
User Analytics & Insights
User Ratings
Average Rating: 3.5 / 5.0
Top Positive Feedback:
Convenient for CarMax purchases; Special financing offers available; No annual fee.
Top Negative Feedback:
Limited use outside CarMax; High standard APR; Customer service can be inconsistent.
Approval Experience Score: 70.0 / 100
Recommended Alternatives
- Capital One Quicksilver
- Chase Freedom Unlimited
- Discover it Cash Back
Card Value Score: 60.0 / 100
Est. Annual Rewards: $100.00
User Portfolio Metrics
Avg Portfolio Size: 3 cards
Avg Portfolio Age: 48 months
Store vs Co-brand: 100% Store
Risk Assessment
Default Risk Group: Medium
Predicted Approval Probability: 75.0%
Terms Version Control
Version ID: v1.0