Review of Chase Marathon Credit Card



The Chase Marathon Credit Card (Platinum Mastercard) was last reviewed on : 17th April 2005

Rebate Formula - The Chase Marathon credit card pays a 5% rebate on any purchases at Marathon gasoline stations and 1% rebate for other purchases. Your rebates are applied automatically to your Marathon purchases the following month. Rebates expire in twelve months. As a signing bonus, you will earn 10% rebates for any purchases at Marathon gasoline stations for the first 60 days.

Annual Fees and APR - The Chase Marathon credit card has no annual fee. The apr is either prime rate plus 9.99% or 11.99%. You get a 0% introductory apr for both purchases and balance transfers for the first six months. This credit card uses the two-cycle average daily balance method (including new purchases) of calculating monthly balances.

Summary - The Chase Marathon credit card will appeal to those who frequently use Marathon gas stations. The 5% rebate payout is the top end of the range for gas credit cards. There is also no annual (whereas previously, Chase charged a $20.00 annual fee unless you used your card at Marathon stations nine times in a calender year), though the apr is not the lowest. Chase credit cards allow you to manage your bills online and arrange automatic monthly payments for your credit card bills.

Alternatives - To earn even higher than 5% rebates for gasoline purchases, you might want to consider the Discover Platinum Gas Card, where you can potentially earn a 10% rebates on gas on your first $1,500 in gasoline purchases.

Positives
  • High 5% rebate payout
  • No annual fee


Negatives
  • Rebates can only be used at Marathon stations
  • Rebates expire in one year
  • High apr


Chase Marathon Credit Card
Rebate Formula
Signing Bonus Earn 10% rebate on any Marathon purchases for first 60 days
Rebate Percentages Earn 5% rebate on any Marathon purchases after 60 day introductory period
Earn 1% rebate on all other purchases
Expiration 1 year
Rebate Limits Unlimited
Travel and Insurance Benefits
Up to $1,000,000 Automatic Travel Accident Insurance
Other Benefits
Extended warranty
purchase protection plan
Online account access
Chase Bill Management Center
Credit Line increases
Cost/Fees/Interest rates
Introductory rate 0% introductory APR on balance transfers for first 9 months
Annual Fees No annual fee
Purchase APR Prime Rate plus 9.99% for Elite Pricing
Prime Rate plus 11.99% for Premium Pricing
Prime Rate plus 14.99% for Standard Pricing
Balance Transfer APR Prime Rate plus 9.99% for Elite Pricing
Prime Rate plus 11.99% for Premium Pricing
Prime Rate plus 14.99% for Standard Pricing
Cash Advance APR Prime Rate plus 15.99%
min is 19.99% for Elite and Premium Pricing
min is 23.99% for Standard Pricing
Penalty/Default Rate APR Prime Rate plus 23.99%
Min Finance Charge $1.00
Grace Period 20 days
Balance Calculation Method Two Cycle Average Daily Balance (including new purchases).
Balance Transfer Fee 3%, min of $5.00, max of $75.00
Cash Advance fee 3% min $10.00
Foreign Currency Conversion fee 3% of the converted transaction amount
Over-the-credit-limit fee $35.00
Late Payment fee $15.00 - up to but not including $250
$39.00 - greater than $250
Apply for the Chase Marathon credit card

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