Special Offer: 0% for 12 months and is applied to Purchases, Balance Transfers. APR (Purch): 10.99% Variable* Annual Fee: $0 Category: Reward - Cash

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Credit Card Review - Chase Free Cash Reward

The Free Cash Rewards Platinum Visa® Card, issued by Chase, is designed for those with very good credit who would like a card with a reward program offered.

Through the reward program, cardholders earn one point for each dollar spent on general purchases and for each dollar in interest applied to the account. Cardholders are awarded 1,000 bonus points with their first purchase. Each time the cardholder accrues 2,500 points they will receive either a $25 gift check or their choice of a $25 gift certificate from various merchants and retailers.

In addition to the reward program, cardholders have access to common platinum benefits provided by Chase.

For those who qualify, the card has a reasonably low interest rate for purchases and balance transfers in comparison with other reward cards. There is also a 0% introductory rate for purchases and balance transfers for twelve months with no annual fee.

Those who plan to occasionally carry a large revolving balance may find doing so costly due to the "Two Cycles Average Daily Balance" method used by this credit card to determine finance charges, which ends up costing more to maintain an occasional balance as compared to the "Average Daily Balance" method used by many credit card issuers.

Therefore, those who qualify for the lowest rate offered and will take advantage of the rebate program, will benefit most from what the Free Cash Rewards Platinum Visa® Card has to offer.
Review Date: 7/29/2005

Most Attractive Feature(s): Long term 0% introductory rate on purchases and balance transfers; no annual fee; bonus miles.
Least Attractive Feature(s): Uses "Two Cycles Average Daily Balance" method when determining finance charges.

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