Comparison Site for Great Credit Card Offers

July 8, 2005 09:50 PM

Cardholders earn one point for every dollar spent on general purchases that can be redeemed for a variety of benefits including cash awards, merchandise, gift certificates, and travel awards. Cardholders are awarded 1,000 points with their first purchase. Although there is no expiration or yearly limit to the number of points that can be earned, there is an annual reward program fee of $59.

In addition to the reward program, this card offers a variety of cardholder benefits provided by Chase, such as auto rental insurance, lost luggage insurance, and up to $1,000,000 in travel accident insurance. Several signature benefits provided include personal concierge services, dining privileges, and guaranteed airport parking.

The rate for purchases and balance transfers is reasonably low for a reward card. In addition, there is a 0% introductory offer that applies to purchases for the first twelve months.

Those who plan to occasionally carry a large revolving balance may find doing so costly due to the “Two Cycles Average Daily Balance” method used by this credit card to determine finance charges. This ends up costing more to maintain an occasional balance, as compared to the “Average Daily Balance” method used by many credit card issuers.

Therefore, those who plan to take advantage of the introductory offer, the reward program, and the various benefits offered, will find the Flexible Rewards Visa® Signature Card to be a suitable option.