Review of the Chase Perfect Card



The Chase Perfect Card was last reviewed on 26th January 2006

Rebate Formula - The Chase Perfect Card is a gas credit card that allows the cardholder to earn rebates on all gasoline purchases at ANY station. For the first 90 days after you get your card, you can earn 6% rebates on gasoline purchases. Thereafter, you earn 3% rebates. You will earn 1% rebates for other purchases.

Fees - There is no annual fee for this card. If you are have a chase account and are considered for either "elite" or "premium" pricing, you may be offered an introductory 0% apr on balance for 12 months. If you are considered for "standard" pricing, you may be offered a 0% apr on balance transfer for 3 months. The apr ranges from either prime rate plus 5.99%, 9.99% or 14.99% depending on your credit. Chase uses the 2-cycle average daily balance method to calculate monthly balances.

Verdict - The Chase Perfect Card was introduced back when there were only "station specific" gas credit card, where you only earn gas rebates with purchases from one particular brand of station. This proved popular with drivers who use several gas stations. However, these days, the very best cash rebate credit card pays 5% rebates on gasoline purchase and hence you would be better off getting one of these cards instead.

Alternatives - As an alternative, we would recommend Chase's own Chase Cash Plus Rewards Card, which pays 5% rebates not just on gasoline purchases from any station, but also grocery and drugstore purchases. There is no annual fee and you get the same 0% apr on balance transfers for 12 months.

Positives
  • No annual fee
  • 0% apr on balance transfers for 12 months


Negatives
  • 3% rebates on gasoline purchases (though better than the standard 1%, is less than the 5% rebates given by other cards)



Chase Perfect Card
Reward Formula
Rebate Formula Earn 3% rebate on gasoline purchases
Earn 1% rebates on "other purchases"
Cost/Fees/Interest rates
Introductory rate 0% fixed APR for 12 billing cycles ( 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 Perfect 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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