Facing a big repair bill at Midas and thinking about their store card to spread out the cost? The Midas credit card offers special financing on auto service, but the APR is among the highest you will find anywhere. Before you apply at the counter, it pays to know exactly what you are signing up for.
This review covers the Midas credit card fees, APR, and financing terms in plain English. We'll also look at lower-cost cards that can help you build credit while giving you more flexibility than a single-store card.
What Is the Midas Credit Card?
The Midas credit card is a store card issued by Comenity Capital Bank (Bread Financial). It can only be used at participating Midas locations for auto repair, tires, oil changes, and related service.
The main draw is promotional financing on larger repairs. It is not a general-purpose card, and it is not built as a credit-building product. If you want a card you can use anywhere, this is not it.
Midas Credit Card Fees and APR
As of June 2026, the Midas credit card has no annual membership fee, but the costs show up elsewhere. The purchase APR is 35.99%, with a variable penalty APR up to 39.99%, and a $3 minimum interest charge in any billing period where interest applies.
Other fees include a 2% promotional plan transaction fee, up to $2.99 per month for paper statements, and up to $15 for expedited phone payments. APRs vary by creditworthiness, and terms and conditions apply.
That 35.99% APR is roughly double the average credit card interest rate. It is a number you want to respect.
How the Midas Financing Works
The card offers deferred-interest financing: no interest if you pay the full balance within 6, 12, 18, or 24 months, depending on the plan. The catch is the word deferred.
If you do not pay the entire promotional balance in time, interest is charged back to the original purchase date at the 35.99% APR. That can turn a manageable repair into a costly one. The financing only helps if you are confident you can clear the balance before the promo ends.
Who Should Consider It?
The Midas credit card makes the most sense for someone facing a large, unexpected repair who can realistically pay it off within the promotional window. The perks, like a discount on oil changes and free tire rotation, are minor extras.
If you are building credit or worried about that high APR, a credit-builder card is a safer foundation. These cards report to all three bureaus and cost far less to carry. Let's start with the Self Visa Credit Card.
The Self Visa® Credit Card combines a credit-builder account with a secured card, helping you grow both your credit and a small savings balance.
Another flexible choice is the Current Build Card. It helps you build credit from your everyday spending, with no traditional interest and no hard credit pull to begin.
Current Build Card
Current Build Card
$0 annual fee. No minimum deposit required. No credit check required. 1 point per dollar on eligible categories. Reports to Experian, TransUnion, Equifax.
Fee
$0
APR
0%
Minimum Deposit Amount
$0
Credit Check
No
Cashback
1 point/dollar on eligible categories (with qualifying payroll deposit)
Benefit
No credit check, no deposit minimum
If you prefer a low-cost, simple starting point, the Kikoff Secured Credit Card is built for people establishing or rebuilding credit. It reports your activity to the bureaus so your on-time payments count.
Kikoff Secured Credit Card
Kikoff Secured Credit Card
Kikoff Secured Credit Card works like a debit card & checking account and performs like a credit builder. Build credit with your everyday purchases.
APR
0%
Minimum Deposit Amount
$0
Credit Check
No
Cashback
Yes
Benefit
0% interest. No credit check.
How These Compare
The Midas credit card solves one narrow problem: financing auto repairs at Midas. It does little for your broader credit picture and carries a steep APR if you slip on the deferred-interest terms.
The credit-builder cards above focus on what helps long term: reporting your payments and growing your score. For many people with no or low credit, a secured credit card or credit-builder account is a smarter first move than a single-store card.
Tips for Building Credit
Pay on time, every time, since payment history drives most of your score. Keep balances low relative to your limit, and use a card that reports to all three major bureaus.
Check your credit often so you can see what is working. Tools like Creditship.ai can help you monitor your score and understand your progress. With steady habits, you can typically qualify for better rates over time.
If paying down a balance is your concern, our guide on the best time to pay your credit card bill can help you lower interest and improve utilization.
Is the Midas Credit Card Worth It?
For a one-time large repair you can pay off inside the promo window, the financing can help. For everyday use or credit building, the 35.99% APR and deferred-interest risk make it hard to recommend.
If your real goal is stronger credit, a card from Firstcard's credit-building options or one of the alternatives above will likely cost you less and do more.
Frequently Asked Questions
What is the APR on the Midas credit card?
As of June 2026, the Midas credit card has a 35.99% purchase APR, with a variable penalty APR up to 39.99%. There is also a $3 minimum interest charge in any billing period where interest is due. APRs vary by creditworthiness.
Can I use the Midas credit card anywhere?
No. The Midas credit card is a store card issued by Comenity Capital Bank and can only be used at participating Midas locations. If you want a card you can use anywhere, a general-purpose or credit-builder card is a better fit.
How does Midas deferred-interest financing work?
You pay no interest if you pay the full promotional balance within the plan period (6, 12, 18, or 24 months). If you do not, interest is charged back to the original purchase date at the 35.99% APR, which can be costly.
Is the Midas credit card good for building credit?
It is not designed as a credit-building tool, and its high APR makes carrying a balance expensive. A dedicated credit-builder card that reports to all three bureaus is usually a better choice for building or rebuilding credit.
