The Chase Platinum Visa card is a general purchase credit card with platinum member benefits, issued by Chase. This card is ideal for those with good to excellent credit standing, and offers reasonably low finance charges and good terms to members provided their credit records are in good shape.
The Chase Platinum Visa features a 0% introductory APR for up to 12 months if the applicant qualifies. After the introductory period, the variable APR kicks in and remains reasonably low as long as the account is in good standing. Unlike many other platinum credit cards, this card has no annual fee. It's important to note, however, that the finance charges are calculated using a two-cycle average daily balance method, which generally results in higher charges, particularly for those members who carry a balance on their card from one month to another. It is important to pay the card balance every month whenever possible to prevent finance charges from accumulating quickly. Other fees and charges associated with this card are fairly standard, including an over-the-credit-limit fee of $35 and late payment fees ranging from $19 to $39. This card offers a 20 day grace period during which finance charges on new purchases do not accumulate.
The platinum member benefits of the Chase Platinum Visa are average to good compared to other platinum cards of this standing. Benefits include up to $500,000 in travel accident insurance, auto rental insurance, travel and emergency assistance, extended warranties on purchases, emergency card replacement, and zero liability on unauthorized charges.
Certain income restrictions do apply to cardholders, who must make a certain amount of income per year in order to be considered for this card. As with most credit cards, not everyone will be accepted and some may receive a card with a credit limit as low as $500.
For those who are searching for a credit card with a fairly low rate, and who are not interested in cash back or frequent flier cards, the Chase Platinum Visa offers a solid alternative. It is a straightforward general credit card with the added advantage of platinum member benefits, which come in handy under numerous circumstances and offer protection against emergencies as well as possible losses through card theft, identity theft or other issues. Those with good credit records looking for a no-frills platinum credit card will find exactly what they need with the Chase Platinum Visa.
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