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Review of the Continental Airlines World MasterCard from Chase
The Continental Airlines® World MasterCard® from Chase was last reviewed on 17th May 2007
Summary - The Continental Airlines® World MasterCard® from Chase is specifically designed for the frequent flyer on Continental Airlines. With this card, you can earn double miles on Continental Airlines purchase and also other merchant partners of Chase like Bed, Bath and Beyond. In addition, you get many other perks like lounge passes and discounts on companion tickets. This is one of the better airline credit cards around. Find out more....
Miles Reward and Formula - The Continental Airlines® World MasterCard®
from Chase allows you to earn double miles on Continental
Airlines purchases. You also earn double miles from
purchases you make with selected partner merchants of Chase
and also from over 10,000 restaurants. For regular
purchases, you earn one mile for every dollar you spend. You
can earn unlimited miles. Continental OnePass Miles do not
expire. New cardholders will get 15,000 bonus miles after their first purchase on the card.
5% Discount on Continental.com for 1 Year - For the first year of your card membership, you will be eligible to get a 5% discount whenever you book a ticket through continental airlines. To receive the 5% discount: (1) sign in using the OnePass® member number and PIN code associated with the Primary cardmember's Continental MasterCard credit card account, AND (2) provide Offer Code "ONEPASS" when beginning your flight search at continental.com.
Anniversary Bonuses - Every year that you renew
your card, you will receive two V.I.P. Presidents Club®. You will also be given
two Travel Discount Certificates (up to $200 in savings) every year after your card member anniversary.
Fees - The Continental Airlines® World Mastercard® from Chase has an annual fee of $85.00. The apr is prime rate plus 9.99%. For the first six billing cycles, your apr on both purchases and balance transfers will be a fixed rate of 7.99. This card uses the
average daily balance to calculate monthly balances.
Verdict - We recommend the Continental Airlines® World MasterCard® from Chase to the Continental Airlines frequent flyer. Aside from being able to earn double miles on Continental Airlines purchases, this card also gives very useful perks like
Lounge Passes and travel discount certificates every year. If you make full use of these perks, it will have more than covered the annual fee. Highly recommended.
Positives
Earn double miles not just on Continental Airlines purchases, but also with selected Chase merchant partnersTravel Discount Certificates every anniversary
Negatives
Annual fee (common for airline credit cards) - but this is easily offset if you make use of the travel discount certificates
| Continental Airlines® World MasterCard® from Chase |
| Reward Benefits |
| Signing Bonus |
15,000 OnePass Miles upon payment of first annual fee |
| Anniversary Bonus |
2 Presidents Club Passes
Travel Discount Certificates |
| Miles Formula |
Earn 2 mile for every dollar you spend on Continental Airlines and selected merchants
Earn 1 mile for every dollar you spend on other purchases |
| Caps on Points |
Earn unlimited miles |
| Points Expiry |
OnePass Miles do not expire |
| 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
$29.00 on balances of $100.00 up to, but not including, $250.00
$39.00 - $250.00 and greater |
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