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The Chase PerfectCardTM MasterCard® was last reviewed on 4th August 2008
Rebate Formula - The Chase PerfectCard™ MasterCard® 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 average daily balance method to calculate monthly balances.
Verdict - The Chase PerfectCard™ MasterCard® is one of the best gas credit card to get given today's high gas prices. You can use this card at any gas stations. While there are some cards like Discover that pays 5% on gasoline purchase, they normally limit them to $100 per month in gas spending. That is already one fill up! If you travel a lot and use various gas stations, this is a great gas credit card to get.
Positives
No annual fee0% APR on balance transfers and purchases for 6 months
Negatives
3% rebates on gasoline purchases (though better than the standard 1%, is less than the 5% rebates given by other cards
Enter your approximate monthly spending into the calculator
below to see how much you can earn per month if you're using
the Chase PerfectCard Mastercard versus other cards!
| Rebate Formula |
Earn 3% rebate on gasoline purchases
Earn 1% rebates on "other purchases" |
| Introductory rate |
0% fixed APR for 6 billing cycles ( balance transfers
and purchases) |
| 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 $99.00 |
| 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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