Review of the Chase Platinum Card



The Chase Platinum was last reviewed on 25th June 2006

chase platinum
Summary - The Chase Platinum credit card is a no-frills card offered by Chase Manhattan Bank. You get typical platinum benefits, a good 0% apr introductory offer and potentially a low apr. Let us look at this card in greater detail.

Annual Fee and APR - The Chase Platinum has no annual fee. You get a 0% introductory apr for 12 months for both balance transfers and purchases. (Note : Your introductory apr period may vary depending on Chases' assessment of your credit). The apr is either prime rate plus 5.99%, 9.99% or 14.99% depending on your credit. The 2-cycle average daily balance method is used to calculate monthly balances.

Platinum Benefits - The Chase Platinum also offers various platinum type benefits for cardholders like auto Auto Rental Collision Damage Waiver and Worldwide Travel Accident Insurance.

Reward Program - You can also choose to have a reward program with your Chase Platinum Mastercard. Chase offers the Flexible Rewards, which is an all-round reward program with travel and shopping rewards, gift cards and cash rebates.

Conclusion - We recommend the Chase Platinum Visa� Card to those looking for a basic credit card, or those looking for a credit card with a 0% apr introductory offer. For those looking a a reward credit card, you can also get the Chase Platinum with Flexible Rewards.

Positives
  • 0% apr offer for 12 months
  • No annual fee
  • Platinum Benefits
  • Comes with a good reward program if you want a reward program (Flexible Rewards)


Negatives
  • Charges a balance transfer fee even for the introductory offer
  • Uses 2-cycle average daily balance method to calculate monthly balances



Chase Platinum Card
Travel and Insurance Benefits
Up to $500,000 Automatic Travel Accident Insurance
Hertz car rental discounts
Other Benefits
Online Account Access
Online account statements
Chase Bill Management Center
Credit Line increases
Cost/Fees/Interest rates
Introductory rate 0% introductory APR on balance transfers and purchases for up to 12 months
Annual Fees No annual fee
Purchase APR Prime rate plus 5.99%, 9.99% or 14.99%
Balance Transfer APR Prime rate plus 5.99%, 9.99% or 14.99%
Cash Advance APR Prime Rate plus 15.99% or 19.99%
Penalty/Default Rate APR Prime Rate plus 23.99%
Min Finance Charge $1.00
Grace Period 20 days
Balance Calculation Method 2-cycle average daily balance method (including new purchases)
Balance Transfer Fee 3%, min $5.00, max $75.00
Cash Advance fee 3% min $10.00
Foreign Currency Conversion fee 3%
Over-the-credit-limit fee $39.00
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
$39.00 - greater than $250



Apply for the Chase Platinum Visa� Card




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