The Chase Ultimate Rewards® Platinum MasterCard® is a rewards credit card designed for those with good or excellent credit. This platinum credit card applies a 0% APR to balance transfers for an introductory period of twelve months. The standard APR on purchases is 10.49 percent variable, and cash advances are charged at 21.49 percent variable. There is no annual fee charged for using this credit card, and Chase offers a twenty day grace period for card holders.
There are some fees that may be charged with this credit card. For instance, if you are late on making repayments a fee of between $15 and $35 may be charged, depending on the balance of your card. Over the limit fees are currently $35. A fee of three percent is charged with a minimum of ten dollars on cash advances, and for balance transfer there is also a three percent fee with a slightly lower minimum of five dollars.
This card enables cardholders to benefit from a rewards program that can earn the, points towards free travel, gift certificates, services, and merchandise. You can earn a point for every dollar spent on your card, which must not exceed your credit limit in any one billing period, and there is a three year expiry on points earned.
In addition to the rewards scheme, there are a range of other benefits available with this credit card. The additional cardholder benefits include: free insurance on rental cars, emergency cash and card replacement, online account services, discounts on car rentals and at selected retailers, roadside assistance, travel and accident insurance, purchase protection, and extended warranties.
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