Review of the Hess Visa Platinum



The Hess Visa Platinum was last reviewed on 3rd February 2006



hess visa platinum
Summary - The Hess Visa Platinum Credit Card will appeal to those who use Hess stations frequently for their gasoline purchases. With this card, you get 5% rebate on any purchases at HESS, HESS EXPRESS and WILCO HESS stations. As an incentive, you will earn 10% rebates for the first 90 days. The 5% rebates is the highest rebates for any gasoline credit card (though there are other cards that pay 5% rebates as well). Let's look at this card in greater detail.....

Rebate Formula - The HESS� Visa� Platinum Card from Chase offers a high 5% rebate on gas, merchandise and food purchases made at HESS, HESS EXPRESS and WILCO HESS stations. For the first 90 days, you can earn 10% rebate. In addition to gasoline, you also earn 5% rebate for merchandise and food purchases. You earn 1% rebate on all other purchases. Rebates are automatically credited towards your next HESS purchases. Rebates expire in 1 year though that should not be an issue with cardholders who frequent HESS regularly. You can also earn unlimited rebates.

Fees - The Hess Visa Platinum has no annual fee. You get an introductory 0% apr on both purchases and balance transfers for either 3 or 6 months depending on your credit and relationship with Chase. The apr is either prime rate plus 5.99%, 9.99% or 14.99%. The 2-cycle average daily balance method is used to calculate monthly balances.

Other Benefits - You get standard platinum credit card benefits like travel insurance of up to $500,000, purchase assurance and extended warrranty protection.

Verdict - We recommend the Hess Visa Platinum to those who use HESS, HESS EXPRESS and WILCO HESS stations as you can earn 5% rebates at these outlets. 5% rebates is the highest payout for any gas credit cards. There is no annual fee and you also get to earn 10% rebates for the first 90 days. For those who use more than one brand of gas stations, Chase also has a cash rebate card, the Chase Cash Plus Rewards Visa, which pays 5% rebates on grocery, gasoline and drugstore purchases.

Positives
  • Earn 5% rebates
  • No annual fee
  • Earn unlimited rebates



Chase Hess Visa Platinum
Reward Formula
Rebate Formula Earn 5% rebates at HESS, HESS EXPRESS and WILCO HESS stations
Earn 1% rebates on "other purchases"
Cost/Fees/Interest rates
Introductory rate 0% fixed APR for 6 billing cycles (purchases and balance transfers)
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% for elite and premium pricing
Prime rate plus 19.99% for standard pricing
Penalty/Default Rate Prime Rate plus 23.99%
Min Finance Charge $1.00
Grace Period 20 days
Balance Calculation Method 2-cycle average Daily Balance (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 $35.00
Late Payment fee $15.00 - up to but not including $250.00
$39.00 - more than $250.00



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If you already have the Chase Hess Visa Platinum Credit Card, we would appreciate if you can take some time to post your review. Our readers will find them very helpful.


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