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You are here:HomeCredit Card ReviewsCash Back Credit Card Reviews→Review of Chase Free Cash Rewards(SM) Visa® Card


Review of Chase Free Cash Rewards(SM) Visa® Card

  
Written by renxue   
January 21, 2008 13:20

The Chase Free Cash Rewards Card was last reviewed on : 17th May 2007

chase free cash rewards visa card
Summary - The Chase Free Cash Rewards(SM) Visa® Card is a hybrid cash back credit card that allows you to earn earn cash rebates or exchange your points for gift certificates. Find out more about this card.


Rewards - The Chase Free Cash Rewards(SM) Visa® Card is a cash rebate card. You earn 1 point for every dollar you spend on the card. Once you have accumulated 2,500 points, you can either redeem it for a $25.00 check or for $25.00 worth of gift certificates from partner merchants. The rebate percentage is 1%. You can earn up to 60,000 points in one calendar year ($600 in cash rebates). You get 1,000 bonus points after your first purchase.

Fees - The Chase Free Cash Rewards(SM) Visa® has no annual fee. There are three different aprs, prime rate plus 5.99%, 9.99% or 14.99%. You also get a 0% apr introductory offer on both purchases and balance transfers for up to 6 months. The Free Cash Rewards Visa uses the average daily balance method (including new purchases) of calculating monthly balance.

Verdict - The Free Cash RewardsSM Visa® allows you to either redeem points earned for cash rebates or for gift certificates. Those who are looking for this flexibility to either get cash or rewards should consider the Chase Free Cash RewardsSM Visa® Card.

Positives

  • No annual fee.
  • Low apr
  • Earn up to $600 in rebates
  • Allows you to exchange cash rebates for gift certificates
  • 1,000 points signing bonus

    Chase Free Cash RewardsSM Visa® Card
    Signing Bonus1,000 bonus points
    Rebate FormulaEarn 1 point for every dollar spent on purchases
    Redeem $25 once you have accumulated 2,500 points (either cash check or gift certificate).
    Rebate percentage is 1%
    Caps on PointsEarn up to 60,000 points in one calendar year.
    Travel and Insurance Benefits
    Auto rental insurance
    Travel and Emergency Assistance
    Other Benefits
    Online Account Access
    Zero liability on unauthorized purchases
    Warranty Manager
    Cost/Fees/Interest rates
    Introductory rate0% for 3 to 6 billing cycles (balance transfer and purchases)
    Annual FeeNo annual fee
    Purchase APRPrime Rate plus 5.99%, 9.99% or 14.99%
    Balance Transfer APRPrime Rate plus 5.99%, 9.99% or 14.99%
    Cash Advance APRPrime Rate plus 15.99% (min is 19.99%)
    Penalty/Default Rate APRPrime Rate plus 23.99%
    Min Finance Charge$1.00
    Grace Period20 days
    Balance Calculation MethodAverage Daily Balance (including new purchases)
    Balance Transfer Fee3% of transaction (min is $5.00, max is $75.00)
    Cash Advance fee3% min $10.00
    International Transaction Fee3% of US Dollar Amount
    Over-the-credit-limit fee$35.00
    Late Payment fee$15.00 - up to but not including $100.00
    $29.00 - $100.00 up to, but not including, $250.00
    $39.00 - $250 and above
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