The Subaru® Platinum MasterCard® from Chase is designed for those with very good credit who plan to purchase or lease a Subaru® vehicle within a four-year period.
Through the reward program, a 3% rebate is earned on all general purchases made with the card. Earned rebates can be redeemed toward the purchase or lease of a new Subaru® vehicle, Subaru® accessories, or regular servicing (such as oil changes) at an authorized Subaru® dealership.
A $100 coupon is issued for every $3,333 spent on the card, with a maximum of $500 that can be earned per year, and coupons expire within four years. Although there is a maximum of $2,000 that can be earned in total rebates within the four-year period, the 3% rebate is a very reasonable amount for a reward card, as many reward cards usually offer a 1% - 2% rebate for general purchases.
Aside from the reward program, the platinum card offers a variety of benefits that include up to $500,000 in travel accident insurance, auto rental insurance, and various travel and emergency services.
The card provides a reasonable interest rate for purchases and balance transfers for those who qualify and it has no annual fee. This card also offers a 0% introductory rate on purchases and balance transfers for six months. It is important to note that there is a minimum cap for cash advances; so no matter how low the Prime Rate falls (the APR is tied to the Prime Rate), the interest rate will not go below the minimum cap.
Therefore, those who qualify for the lowest rate offered and either plan to purchase or already own a Subaru® vehicle (to take advantage of the reward program) will benefit most from what the Subaru® Platinum MasterCard® from Chase has to offer.
Those who are not certain whether or not they plan to purchase a Subaru vehicle in the near future may want to think twice about using the card, as the $100 in coupons cannot be redeemed for any cash value.
Updated: June 1, 2006
Most Attractive Feature(s) : High 3% rebate earned; no annual fee; 0% introductory rate.
Least Attractive Feature(s) : Rewards earned can only be applied to Subaru® related purchases; uses "Two Cycles Average Daily Balance" method when determining finance charges.
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