Credit Card Review: Chase +1SM Credit Card

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Estimate Reward Earnings

You have just arrived at campus and want to go independent from your parents. Financial efficiency is what you need at this point of life and what Chase bank is offering you with its Chase Student MasterCard. This bank offer is more than just a convenient and effective payment tool. It is more than a sign of your being on modern lines, keeping pace with the cashless society. Chase Student MasterCard helps students establish their own credit file and build a solid payment history.

0% APR on purchases for the first 6 months and low ongoing APR are far not all the advantages Chase Student MasterCard offers its young customers. Low interest rate on cash advances and no annual fee make this bank offer even more enticing for students looking to build credit history.

Provided you pay your monthly bills in full and on time, you are entitled not only to low interest rate on purchases but also to generous reward points program. You start earning rewards straight off you get approved for Chase Student MasterCard and earn lots more reward points at Facebook.com.

The redeemable reward points you earn with Chase Student MasterCard give you freedom to choose. In other words, on collecting a certain amount of points, you can redeem them for music, movies, electronics and others in the Chase+1 store.

This benefit from Chase Student MasterCard finds appreciation among students who always tend to maximize credit card rewards programs and take most advantage of them.

Another, no less valued feature of this plastic issued by Chase is that it belongs to the brand of MasterCard credit company. MasterCard brand credit products enjoy worldwide acceptance and are more readily accepted than Discover or American Express.

So, Chase Student MasterCard combines in itself the flexible spending power, convenience, worldwide acceptance, competitive rates and enticing rewards, being at the same time a great helper in building a student’s own credit file.

(Review Updated: May 12, 2008)

Estimate Reward Earnings

0% Intro APR on Purchases, Balance Transfers for 6 Months
14.99% Regular Variable APR for Purchases
20.99% Regular Variable APR for Cash Advances

20 days Grace Period

(* 0% Intro APR on all purchases and balance transfers for up to 6 months)

Finance Configuration: Average Daily Balance (including new purchases)

Additional Cardholders:

Late Payment Fee: $15.00 on balances up to, but not including, $100.00; $29.00 on balances of $100.00 up to, but not including, $250.00; and $39.00 on balances of $250.00 and over.

Over-The-Limit Fee: $39.00

Cash Advance Fee: n/a

Balance Transfer Fee: n/a

Type of Reward: Point

Points per Dollar: 1.00

Bonus Points Other: Earn 15 Karma Points just by getting approved for a Chase credit card.

Point Details: Get music, movies, electronics and more with your Karma Points in the +1 store

Additional Features for Chase +1SM Credit Card:

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.
Various travel and emergency assistance services.
See website for additional benefits.
If an account is opened, please refer to the Guide to Benefits for details.

Important Notes for Chase +1SM Credit Card:

The following APRs may vary monthly based on the Prime Rate: Purchase and Balance Transfer APR: The Prime Rate plus, as applicable, 9.99% or 14.99% for outstanding and new balances after the introductory period. Cash Advance APR: The Prime Rate plus 15.99%. Default APR: The Prime Rate plus up to 23.99%.

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Notes: The review on Chase +1SM Credit Card was updated on May 12, 2008. 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.