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August 9, 2005 09:47 PM

Earned miles can be applied towards travel on American, Delta, United, Continental, Northwest, USAir and other major airlines; however, miles cannot be combined with frequent flyer programs.

The card also offers platinum cardholder benefits provided by Chase that include up to $500,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.

This card has a reasonably low interest rate for purchases (compared to other airline reward cards) and a 0% introductory rate for purchases and balance transfers for six months.

However, 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, which 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 can afford to pay in full each month (to avoid finance charges) and plan to take advantage of the reward program will benefit most from what the Value Miles Platinum Visa® Card has to offer.