Review of Chase Continental Airline World Master Card



The Chase Continental Airline World Master Card was last reviewed on : 4th March 2005

Summary - The Chase Continental Airline World Mastercard allows you to earn double miles on any continental airline ticket purchases directly from continental airlines or through their website. You can also earn double miles on purchases from selected Chase partner merchants. For other purchases, you earn one miles for every dollar you spend. With the continental airline world master card, you can earn unlimited miles. Continental OnePass miles do not expire. As a signing bonus, you will also get 10,000 miles after your first annual fee payment. After six months, you are eligible to get a $99.00 companion certificate if you purchase a roundtrip ticket within continental USA for at least $298.00. Upon your annual renewal of your card, you will get two Presidents Club Passes and travel discount certificates.

The annual fee is $85.00 and the APR is Prime Rate plus 9.99% (high, but standard for airline credit cards). You get a 7.99% introductory APR for both purchases and balance transfers for six months. You do have to pay a balance transfer fee during the introductory period. The Continental Airline world master card is one of the rare cards that does not include new purchases when they calculate your monthly balance (using the average daily balance method). There is also no over-the-credit-limit fee.

Though the annual fee and apr of the Continental Airline world master card is high (normal for airline credit cards), you can earn double miles, earn unlimited miles which do not expire, get a generous signing bonus (10,000 miles) and a decent anniversary bonus in the form of club passes and travel discount certificates. The Continental Airline World Master Card will enable the Continental Airline frequent flyer to chalk up faster miles for their next free flight.

Positives
  • Earn double miles from airline ticket purchases as well as purchases from selected Chase partner merhcants
  • 10,000 miles signing bonnus
  • Presidents Cluub Passes and travel discount certificate anniversary bonus
  • Earn unlimited miles


Negatives
  • High annual fee
  • High APR



Chase Continental Airlines World Master Card
Reward Benefits
Signing Bonus 10,000 OnePass Miles upon payment of first annual fee
$99.00 companion certificate after 6 months upon purchase of a roundtrip ticket within continental US.
Anniversary Bonus 2 Presidents Club Passes
Travel Discount Certificates
Miles Formula Earn 2 mile for every dollar you spend on Continental Airlines and selected merhchants
Earn 1 mile for every dollar you spend on other purchases
Caps on Points Earn unlimited miles
Points Expiry OnePass Miles do not expire
Travel and Insurance Benefits
Up to $500,000 Automatic Travel Accident Insurance
Other Benefits
Online Account Access
Online account statements
Chase Bill Management Center
Credit Line increases
Cost/Fees/Interest rates
Introductory rate 7.99% introductory APR on for 6 months (purchases and balance transfers)
Annual Fees $85.00 for World Mastercard
$65.00 for Platinum Mastercard
Purchase APR Prime Rate plus 9.99%
Balance Transfer APR Prime Rate plus 9.99%
Cash Advance APR Prime Rate plus 15.99%
min is 19.99%
Penalty/Default Rate APR Prime Rate plus 23.99%
Min Finance Charge $1.00
Grace Period 20 days
Balance Calculation Method Average Daily Balance
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 None for World Mastercard
$35.00 for Platinum Mastercard
Late Payment fee $15.00 - up to but not including $250
$39.00 - $250.00 and greater



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