Comparison Site for Great Credit Card Offers

July 27, 2005 10:19 PM

Through the reward program, cardholders earn one point for every dollar spent on the card. Earned points can be redeemed for free merchandise or gift certificates at popular merchants. There is a maximum of 60,000 points that can be earned per year.

The card has an average interest rate for purchases and balance transfers (for a student card with a reward program), no annual fee, and a 0% introductory rate for purchases and balance transfers through the first six months of membership.

However, finance charges applied use the “Two Cycles Average Daily Balance” method, which is a more costly method in applying finance charges for those who occasionally carry a balance as compared to the “Average Daily Balance” method used by most card issuers.

Therefore, students that can afford to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to take advantage of the rewards program will benefit the most from what the Chase Ultimate Rewards Express Student MasterCard® has to offer.