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- Up to 5% rebate at supermarkets, gas stations, drugstores and home improvement stores (“Everyday Purchases”)
- Earn up to 2% everywhere else MasterCard is accepted.
- NO LIMIT to the amount of cash you can earn.
- 0% Introductory APR on balance transfers for up to 9 months
- No Annual fee
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Intro APR |
Intro Period |
Regular APR | Annual Fee | Credit Limit | Grace Period | 0% on Balance Transf | 9 months | 13.74% | None | N/A | 20 days |
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Our Review of The Chase Ultimate Cash Award(sm) MasterCard® |
Issued by Chase, the Chase Ultimate Cash Award MasterCard® offers a reward-based line of credit for those with good credit. This credit card offers a 0% interest rate for nine months, and this applies to balances transferred onto the credit card. The standard APR for purchases stands at 13.24 percent variable, and the interest rate on cash advances stands at 21.24 percent. There is no annual fee associated with the Chase Ultimate Cash Award MasterCard®.
This credit card offers cash awards on purchases. For instance you can get a five percent rebate at drug stores, gas stations, and home improvement stores. You can also earn up to two percent on other purchases made on your credit card. This credit card poses no limitations on the amount you can earn in cash awards with purchases made on your credit card. The rebate to which you will be eligible will depend upon the amount you spend on your credit card.
This Chase mastercard offers a range of valuable benefits in addition to the cash awards available. Some of the benefits that cardholders can look forward to include purchase protection and extended warranties on purchases, travel and accident insurance cover, discounts on car rental and free rental insurance, online account services, discounts at specified retailers, and emergency card and cash replacement.
Cardholder should also familiarize themselves with additional fees that may be charged with this credit card. For late repayments, fees are between $15 and $35 depending on the balance of your card. If you take your card over its credit limit, you are charged $35. For cash advances, you will be charged a fee of three percent with a minimum of ten dollars. The fee for balance transfer is three percent, and the minimum is five dollars.
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Credit Cards Info user review: |
I have one complaint about this card -- the geniuses at Chase don't seem to be able to correctly calculate the proper cash rebate I should be earning each month. The rules are fairly clear: the more you charge, the higher your rebate percentage (what is not clear up front, is that to get to the highest "tier" in both "everyday" and "other" purchases, you need to spend $6000 in both categories; spending $6000 in total does NOT get you there).
It looked to me like some of my rebates were coming in a little light. In one month, it was actually zero. What percentage of a positive number can possibly result in zero? So out of curiosity, I checked each month's rebate calculation since I got the card: in seven months, they've screwed up six times, usually too low (no surprise).
Customer Service has been absolutely clueless. Although they're usually willing to put some credit through to correct the most recent month's problem, but in a dozen calls no one has been willing or able to look into why the calculations were incorrect in the first place.
Is there anyone else out there who has this card, has successfully completed fifth grade math, and has ever tried to verify Chase's calculations? Is Chase stiffing a huge number of customers out of their promised rebates? I would love to hear from you, whether they've done it right or wrong, at gm755@aol.com -- thanks!
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Overall Rating:
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| Posted By: GM, Date: 2005-04-21 |
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Credit Cards Info user review: |
on paper the card looked good, cash back and the rates didnt apply cause i pay the balance every month. i applied for and activated it on line and commenced use. set up numerous accounts for on line payments from the card and had my bank pay the balance on line. on the day the bank electronically paid the first payment, which happened to be new years eve, '04, chase blocked the card, calls me and wants id verification. i thought it was some joke, wanting me to go to my bank and have a teller call them to verify that i am who i say i am or to fax off copies of utilities. if they wanted verification it should have been done before they shipped and activiated the card, not by fouling up ones financial status by shuting dow the card and extorting info from the cardholder. i again had to reorganize my e payments and cancilled the card. the idiots at chase who ship and activate a card without previous verication ought to be fired. very bad business practices. getting the card ended up being a big pain.
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| Posted By: jackm, Date: 2004-12-31 |
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Credit Cards Info user review: |
Requested a check for the credit built into my cashbuilder account. Told to wait till my first anniversary. Called again, and a check promised. Called again, and a check promised. Called again and told that I would now have to wait another year.
What a Mickey Mouse outfit. If I ever get my $200 check, I will cancel my card so fast, it will make your head spin. Problem is, Chase must know it and is not sending my rebate check.
Absolutely the worst customer service in the world. Try Citibank to experience what it should be.
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| Posted By: Kumar Shah, Date: 2005-10-10 |
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