Chase Platinum VisaŽ MasterCardŽ

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Apply for Chase Platinum VisaŽ MasterCardŽ
Issuer: Chase
Credit Card Type: Reward Credit Cards
Reward Type: Travel
APR: 12.49% Variable
Introductory APR: 0.00%
Introductory Period: 6 months
Intro APR applied to: Purchases, Balance Transfers
Cash Advance APR: 21.49% Variable
Annual Fee: None
Grace Period: 20 Days (Min.)
Card Status: Platinum
Credit Rating: Very Good Credit
Full Terms and Conditions: Click Here
  • 0% Intro APR On All Purchases And Balance Transfers For Six Months
  • No Annual Fee
  • Interest-Free Grace Period
  • Eligibility To Enroll In Chase Travel Rewards
 

REWARD INFO

Type of RewardPoint
Optional RewardYes
Optional Annual Fee$25**
 

REBATE INFO

Points Per Dollar Spent1 Point
Additional PointsNone
Point DetailsThe Ultimate Reward program points can be redeemed for gift certificates, merchandise, and travel choices. The Travel Rewards program points can be redeemed for free flights, hotel stays, cruises, and auto rentals.
 

AIRMILES INFO

Miles-Points Expiration5 Years for Travel Rewards program; 3 Years for Ultimate Rewards program
Yearly Limit80,000 (10,000 per billing cycle) for Travel Rewards program; The maximum number of points that may be earned in a billing period must not exceed cardholders credit limit for the Ultimate Rewards program.
Bonus Upon ApprovalNone
Bonus with First PurchaseNone
Bonus with Balance TransfersNone
Bonus AnnualNone
Bonus OtherNone
Bonus DetailsNone
 

MISC INFO

Best Card FeatureVarious card benefits and services; access to various reward programs; no annual fee.
Worst Card FeatureConfusing method of applying APRs for those unfamiliar with the cardholder policy; APR for cash advances has a minimum cap.
Card ReviewThe Chase Platinum VisaŽ/MasterCardŽ, issued by Chase, is designed for those who have very good credit and are looking for an overall good platinum card. The credit card has a reasonable interest rate (lowest rates applied to balances equal to or greater than $2,500), an attractive 0% introductory rate, and no annual fee. Individuals who have a banking account relationship with Chase will also be able to take advantage of a lower APR (1% less than those who do not). Nevertheless, the card does have a high APR for cash advances and there is a minimum cap applied to the APR. This platinum card also offers a variety of additional cardholder benefits that include up to $500,000 in travel accident insurance, auto rental discounts at Hertz, auto rental insurance, and a year-end financial summary of cardholder transactions. In addition to the common cardholder benefits, there are two optional reward programs to choose from. The Chase Travel Rewards program has an additional annual fee of $25 (waived the first year of membership). Through this program, cardholders earn one point per every dollar spent on general purchases. A maximum of 80,000 points may be earned per year and earned points expire in five years. The other reward program, referred to as the Chase Ultimate Rewards program, also has an additional annual fee of $25 (waived the first year of membership). Through this program, cardholders earn one point per every dollar spent on general purchases. The maximum number of points that may be earned in a billing period must not exceed the cardholder's credit limit and points expire in 3 years. The platinum card is ideal for individuals who have a very good credit history, have a banking account relationship with Chase (to take advantage of the lower rate), and plan to take advantage of the various additional services and benefits (such as one of the optional reward programs) provided by the Chase Platinum VisaŽ/MasterCardŽ. It is important to note that the various interest rates that can be applied to an individual's account may be confusing at first glance (in the 'Terms and Conditions' section) and should be fully understood before applying for the credit card.
Date Updated2005-01-31 00:00:00

Lowest Fixed APR Rate: 5.50%

Lowest Variable ARR Rate: 8.49%

Total Credit Cards in Database: 102