The Chase Flexible Rewards Platinum Visa is designed for those who have very good credit and plan to take advantage of the reward program offered.
Through the reward program, cardholders earn one point for every dollar spent on general purchases. Points may be redeemed for gift certificates, brand name merchandise, a variety of travel awards, or cash. Points expire in five years and there is a maximum of 5,000 points per month or 60,000 points that may be earned per year. A service fee of $14.95 will be charged for the use of travel agency services for mileage redemption. Travel awards are subject to program restrictions including space and fare availability, 21 days advance ticketing and Saturday night stay. Flexible Rewards are not transferable to other frequent travel programs.
Aside from the reward program, the card also offers a variety of additional cardholder benefits such as up to $1,000,000 in travel accident insurance, auto rental insurance, and purchase protection.
There is no annual fee, and the interest rate for purchases and balance transfers is reasonably low for a reward card for those who qualify. In addition, there is a 0% introductory rate offered for purchases and balance transfers that is available for the first twelve months of membership.
It is important to note that 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 Chase Flexible Rewards Platinum Visa card is ideal for individuals who have a very good credit history and plan to take advantage of the reward program offered.
Most Attractive Feature(s):
Long term 0% introductory rate for purchase and balance transfers; no annual fee; free rewards program.
Least Attractive Feature(s):
Higher APR for less qualifying applicants.
Additional Perks
Various Internet account related services.
Lost and stolen card reporting.
Emergency cash replacement.
Emergency card replacement.
No liability for unauthorized transactions.
Fraud and security protection services.
Purchase protection.
Extended warranty for purchases.
Auto rental insurance.
Up to $1,000,000 in travel accident insurance.
Year-end financial statement.
Various travel and emergency assistance services.
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.
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