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Special Offer: 0%
for 12 months and is applied to Purchases, Balance
Transfers.
APR (Purch): 12.24% Variable*
Annual Fee: $0
Category: Reward - Cash |
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Credit Card Review - Chase Cash Plus Rewards
The Chase Cash Plus® Rewards Visa® Card,
issued by Chase, is designed for those with very
good credit who plan to take advantage of the cash
reward program.
Through the reward program, cardholders earn five
points for every dollar spent at grocery stores,
gas stations, and drug stores, as well as one point
for every $1 spent on all other purchases. After
earning 2,500 points, cardholders can choose between
a $25 check or a $25 gift certificate to leading
merchants such as The Home Depot®, Best Buy,
Pizza Hut®, and BLOCKBUSTER®. There is a
maximum of 60,000 points that may be earned in one
year, and points expire in three years.
The card has a reasonably low interest rate for
purchases (for a reward card), no annual fee, and
an attractive 0% APR introductory rate for up to
twelve months, which can be applied toward purchases
and balance transfers.
Finance charges applied use the "Two-Cycles
Average Daily Balance" method, which is a more
costly method in applying finance charges for those
who occasionally carry a balance, as compared to
the "Average Daily Balance" method used
by most card issuers.
The card provides platinum cardholder benefits
including up to $500,000 in travel accident insurance,
auto rental insurance, and various travel and emergency
assistance services.
Therefore, those who plan on taking advantage of
the reward program and plan to pay in full each
month after the introductory rate expires (to avoid
costly finance charges) will benefit most from what
the Chase Cash Plus® Rewards Visa® Card
has to offer.
Review Date: 8/16/2005
Most Attractive Feature(s): No
annual fee; 0% APR intro rate on purchases and balance
transfers for up to twelve months; up to 5% cash
back reward.
Least Attractive Feature(s): Uses
"Two-Cycles Average Daily Balance" method
when determining finance charges; higher APR for
less qualifying applicants.
Additional Perks
Various Internet account related services.
Emergency cash and card replacement.
Lost and stolen card reporting.
Up to $500,000 in travel accident insurance.
Auto rental insurance.
Travel and emergency assistance.
Extended warranty for purchases.
No liability for unauthorized purchases.
See website for additional benefits.
Important Notations
The APR for purchases and balance transfers varies
according to the applicant's credit history and
is either 5.99%, 9.99%, or 14.99% + Prime Rate.
See website for complete terms and conditions of
card usage and application disclosure.
Note: The review on this card was updated on 8/16/2005.
The review is believed to be accurate during the
update, however, information posted may have changed
since the update. We strongly suggest that you carefully
read the Terms and Conditions statement that accompanies
the credit card application. Credit card review
information is provided by CardOffers.com, Inc.
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