Credit Card Review: Chase Flexible Rewards Platinum Visa®

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Estimate Reward Earnings

It's no use having a rewards credit card if you never take advantage of the rewards you earn. While many rewards cards make it difficult for you to earn points, and don't give you the options you want when the time comes to redeem those points, the Chase Flexible Rewards Platinum Visa® card does things differently. This credit card gives you access to a rewards program that offers nonstop earnings, and all the flexibility you could want in your rewards.

You won't have to read an operator's manual in order to get rewards out of this card. There are no rotating earning categories, no short list of eligible purchase types, and no complicated earnings calculations. You will simply earn one point for every single dollar that you spend on general purchases, whatever you're buying and wherever you're buying it. When you use your Chase Flexible Rewards Platinum Visa®, you know that every time you have to pull your card out, you'll be getting something in return.

This card offers the same flexibility in how you earn you points as how you spend them. Once you've earned your points, you can redeem them for a variety of products and services, depending upon your needs at the time, without getting locked into one specific rewards type. You can redeem your points for the airline tickets that take you on your next vacation, for the rental car that gets you to your hotel, or for the cost of your stay at that hotel. From travel to merchandise and more, this card lets you spend your points however you want. You can earn up to 60,000 points each year, to use as you please.

This card has no annual fee, so you get all of these rewards benefits at absolutely no extra cost to you. For a rewards card, this card offers qualified applicants a reasonable interest rate on both purchases and balance transfers. It's important to remember, though, that the interest rate that you will receive depends upon your individual credit history. In addition, this card also offers a 0% introductory interest rate on purchases and balance transfers for your first six months of use.

This card gives its users a variety of benefits and services, including travel accident insurance, zero liability on unauthorized transactions, auto rental insurance and extended warranties for purchases. This card gives you all of the flexibility and benefits you could want.

(Review Updated: January 31, 2008)

Estimate Reward Earnings

0% Intro APR on Purchases, Balance Transfers for 12 months
11.24% Regular Variable APR for Purchases
21.24% Regular Variable APR for Cash Advances

20 days Grace Period

(* 0% Intro APR for Up To 12 months on Purchases and Balance Transfers)

Finance Configuration: Average daily balance method (including new purchases).

Additional Cardholders: $0

Late Payment Fee: $15 on balances up to, but not including, $100; $29 on balances of $100 up to, but not including, $250; and $39 on balances of $250 and over.

Over-The-Limit Fee: $39

Cash Advance Fee: 3% of the amount of the transaction, but not less than $10.00.

Balance Transfer Fee: 3% of the amount of each transaction, but not less than $5.00 nor more than $75.00.

Minimum Credit Limit: n/a

Maximum Credit Limit: n/a

Type of Reward: Point

Points per Dollar: 1.00

Additional Points: Choose from a variety of great brand name products. Earn airline tickets, hotel stays or car rentals. Redeem 3,500 points and receive a $25 check. Get free stuff from your favorite stores and restaurants.

Bonus Points First Purchase: n/a

Bonus Points Other: n/a

Expiration: n/a

Yearly Limit: 60,000 Points (5,000 per billing cycle)

Additional Features for Chase Flexible Rewards Platinum Visa®:

Various Internet account related services.
Lost and stolen card reporting.
Emergency cash replacement.
Emergency card replacement.
No liability for unauthorized transactions.
Purchase protection.
Extended warranty for purchases.
Auto rental insurance (Auto Rental Collision Damage Waiver).
Travel accident insurance.
Year-end financial statement (upon request).
Various travel and emergency assistance services.
See website for additional benefits.
Certain restrictions, limitations, and exclusions apply.
If an account is opened, please refer to the Guide to Benefits for details.

Important Notes for Chase Flexible Rewards Platinum Visa®:

The APR for purchases and balance transfers varies according to the applicant's credit history and will be 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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Notes: The review on Chase Flexible Rewards Platinum Visa® was updated on January 31, 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.