The Chase Free Cash RewardsSM Visa® Card, issued by Chase, is designed for those with very good credit who would like a card that offers a cash back reward program. Through the reward program, cardholders earn one point for each dollar spent on all purchases. Cardholders are also awarded 1,000 bonus points with their first purchase. Each time the cardholder accrues 2,500 points, they will receive either a $25 gift check or a $25 gift certificate from their choice of various merchants and retailers. The amount of points you can earn is limited to 60,000 points per year. For those who qualify, the card has a reasonable interest rate for purchases and balance transfers in comparison with other reward cards. There is also a 0% introductory rate on purchases and balance transfers for the first twelve billing cycles and no annual fee. Those who plan to occasionally carry a large revolving balance may find doing so costly due to the "Two Cycles Average Daily Balance" method used by this credit card to determine finance charges, which ends up costing more to maintain an occasional balance as compared to the "Average Daily Balance" method used by many credit card issuers. Credit Card Pros and Cons Long term 0% introductory rate on purchases and balance transfers Those who qualify for the lowest rate offered and will take advantage of the reward program will benefit most from what the Chase Free Cash RewardsSM Visa® Card has to offer. Uses "Two Cycles Average Daily Balance" method when determining finance charges Card Details: Introductory Rate: 0.00% Card Reward Program Details: Points per Dollar: 1 Point The APR for purchases and balance transfers varies according to the applicant's credit history and will be 5.99%, 9.99% or 14.99% + Prime Rate. See website for complete terms and conditions of card usage and application disclosure. |
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