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Chase Platinum Visa® Card, Chase Platinum Mastercard® Review

The Chase Platinum was last reviewed on 7th June 2008

chase platinum
Summary - The Chase Platinum Visa® Card or Chase Platinum MasterCard® is a basic platinum credit card from Chase. This is a good credit card for those who have good credit and are looking to do a balance transfer. Let us look at this card in greater detail.

Fees - There is no annual fee. You get a 0% introductory apr for 12 months for both balance transfers and purchases. (Note : Your introductory apr period may vary depending on Chases' assessment of your credit). The apr is either prime rate plus 5.99%, 9.99% or 14.99% depending on your credit. The average daily balance method is used to calculate monthly balances.

Platinum Benefits - The Chase Platinum Visa® Card also offers various platinum type benefits for cardholders like auto Auto Rental Collision Damage Waiver and Worldwide Travel Accident Insurance.

Verdict - The Chase Platinum Visa® Card or Chase Platinum MasterCard® is a good basic platinum credit card. If you have good credit, you are likely to get a low APR and a great balance transfer deal. Given that most credit cards now have no caps for balance transfer fees, this is a good credit card to do a balance transfer as they cap the fee to $75.

Positives

  • 0% APR balance transfer offer for up to 12 months
  • No annual fee
  • Platinum Benefits


  • Chase Platinum Visa® and Chase Platinum Mastercard®Card
    Other Benefits
    Online Account Access
    Online account statements
    Chase Bill Management Center
    Credit Line increases
    Cost/Fees/Interest rates
    Introductory rate 0% introductory APR on balance transfers and purchases for up to 12 months
    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% or 19.99%
    Penalty/Default Rate APR Prime Rate plus 23.99%
    Min Finance Charge $1.00
    Grace Period 20 days
    Balance Calculation Method 2-cycle average daily balance method (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 $39.00
    Late Payment fee $15.00 - on balances up to, but not including, $100.00
    $29.00 - on balances of $100.00 up to, but not including, $250.00
    $39.00 - greater than $250


    Apply for the Chase Platinum Visa® Card or Chase Platinum MasterCard®










     
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