By : 
Mr Credit Card
Mr Credit CardReview of the Universal Entertainment Student MasterCard®
Summary - The Universal Entertainment Student MasterCard� is the student version of the regular Universal Entertainment MasterCard® . It is designed for students those who would like to earn reward points that can be used for getting Universal products including CDs, DVDs, theme parks and resorts. Find out more... Reward Formula - The Universal Entertainment Student MasterCard® has identical reward features as the regular Universal Entertainment MasterCard® . It allows you to earn one point for every dollar you spend on your card. These points can be used to redeem any Universal products including CDs, DVDs, movie tickets, Universal theme parks and resorts. As a bonus, new cardholders will receive a free movie ticket after the first purchase on the card.
Fees - The Universal Entertainment Student MasterCard® has no annual fee. You get an introductory 0% apr for both purchases and balance transfers for up to 6 billing cycles. The apr is either prime rate plus 9.99%. The 2-cycle average daily balance method is used to calculate monthly balances.
Other Benefits - You also get benefits like travel insurance, purchase assurance and extended warranty protection, roadside assistance, lost luggage insurance, zero liability on unauthorized purchases.
Verdict - Any student who is looking for a reward credit card and purchase Universal products frequently should definitely consider the Universal Entertainment Student MasterCard�.
Positives
| Universal Entertainment Student MasterCard® from Chase | |
| Reward Benefits | |
| Reward Formula | Earn 1 Universal point for every dollar you spend on purchases Earn double points for selected merchandise at Universal Entertainment Parks and Resorts |
| Caps on Points | Earn unlimited Points |
| Other Benefits | |
| Automatic discounts on select online purchases of Universal theme park admissions Discounts on select merchandise and at restaurants at Universal Parks and Resorts Special guest benefits at Universal Orlando Resorts (extended check out and complimentary access to spa and recreation equipment facilities) Invitations to private movie screenings Free emusic downloads Online Account Access Online account statements Chase Bill Management Center Credit Line increases |
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| Cost/Fees/Interest rates | |
| Introductory rate | 0% introductory APR on for 6 billing cycles (purchase and balance transfer) |
| Annual Fees | No annual fee |
| 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% for Elite and Premium Pricing min is 23.99% for Standard Pricing |
| 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 | $75.00 per transaction 3%, max $75.00 during introductory period |
| Cash Advance fee | 3% min $10.00 |
| Over-the-credit-limit fee | $35.00 |
| Late Payment fee | $15.00 - up to but not including $250 $39.00 - $250.00 and greater |
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