Review of the Chase Ultimate Rewards Express Student Card



The Chase Ultimate Rewards Express Student Card was last reviewed on 9th August 2005

Summary - The Chase Ultimate Rewards Express (SM) Student Card is a reward program credit card designed for the student. It's main features are as follows:
  • Earn onepoint for every dollar you spend (up to 60,000 points annually)
  • Redeem points for shopping merchandise and gift cards
  • There is no annual fee
  • You get a 0% apr for both purchases and balance transfers for 6 months

We will now take a closer look at this card.

Reward Formula - The Chase Ultimate Rewards Express Student Card allows you to earn one point for every dollar you spend on the card. You can earn up to 60,000 points annually. Points can be redeemed for shopping merchandise and gift cards.

Annual Fee and APR - There is no annual fee for the Chase Ultimate Rewards Express Student Card. You get a 0% apr for both purchases and balance transfers for 6 billing cycles. The apr is prime rate plus 9.99%, which is the standard rate for most student credit cards. The two-cycle average daily balance method (including new purchases) is used to calculate monthly balance.

Conclusions - The Chase Ultimate Rewards Express(SM) Student Card is essentially a basic shopping reward student credit card that will appeal to students looking for a reward credit card. Its features (like no annual fee, 0% apr for 6 months and apr) are all very standard for a student credit card.

Positives
  • No annual fee
  • 0% apr on both purchases and balance transfers for 6 billing cycles


Negatives
  • Uses the two-cycle average daily balance method (including new purchases)



Chase Ultimate Rewards Express Student Card
Reward Formula
Point Formula Earn 1 point for every dollar you spend
Caps on Points Earn up 60,000 points per year
Cost/Fees/Interest rates
Introductory rate 0% fixed APR for 6 billing cycles (balance transfers)
Annual Fees No annual fee
Purchase APR Prime Rate plus 9.99%
Balance Transfer APR Prime Rate plus 9.99%
Cash Advance APR Prime Rate plus 15.99%
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



Apply for the Chase Ultimate Rewards Express Student Card

If you already have this 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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