The Universal Entertainment Student MasterCard® from Chase is designed for those students with good credit who plan to take advantage of the reward program.
Through the reward program, one point is earned for each dollar spent on general purchases and two points per dollar spent at Universal properties that may be redeemed for movie and concert tickets, private movie screenings, CDs, DVDs, and other entertainment merchandise. There is no limit on the number of points that may be earned and any unused points expire in five years. Cardholders also receive one free movie ticket with the first purchase made with the card.
In addition, the card offers up to $250,000 in travel accident insurance, auto rental insurance, and various discounts at participating merchants and retailers. The card also provides a unique benefit; it allows cardholders access to exclusive opportunities and the chance to win tickets for various entertainment award events, backstage passes, a customized entertainment library, etc.
There is no annual fee, and the interest rate for purchases and balance transfers is above average for a student card. However, there is a low introductory rate that is available for the first six months and can be applied towards purchases and balance transfers.
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, in comparison to the "Average Daily Balance" method used by most card issuers.
Therefore, those who plan to pay in full each month (to avoid finance charges) as well as take advantage of the reward program will benefit most from what the Universal Entertainment Student MasterCard® from Chase has to offer.
Updated: June 1, 2006
Most Attractive Feature(s) : Double points on purchases made at Universal properties; low introductory rate.
Least Attractive Feature(s) : Uses "Two Cycles Average Daily Balance" method when determining finance charges.
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