A new credit card has been announced by Chase Card Services. The United MileagePlus Club Card is the latest offering by Chase and its partnership with United Airlines. The cobranded credit card was announced by Chase through its recent press release.
The new rewards credit card will offer 2 miles for every dollar spent on United Airlines travel, and 1.5 miles for every dollar spent anywhere else. Miles don't expire for MileagePlus Club Card members; miles for non-members do expire in the event there is no account activity for 18 months.
Two of the most vaunted perks of the card: are access to United Club lounges and affiliated Star Alliance lounges at more than 50 airports around the world, which offer free snacks, drinks and Wi-Fi, and for tickets purchased directly from United on the card the first two checked bags are free for the cardholder plus one other person on the same itinerary. Perks of the card are geared toward the frequent traveler, and include priority check-in, boarding and security access where available. Cardholders are eligible to redeem miles without blackout dates or restrictions anytime a seat on a United flight is available, according to the release.
Cards with perks like these don't come cheap. Here are the reported costs:
- Annual fee of $395, but in the first year, new cardholders get $95 credited back to their account after the first purchase
- APR is currently 15.24 percent for purchases and balance transfers, 19.24 percent for cash advances
- Balance transfer fee is $5 or 3 percent of the transfer, whichever is greater
- Cash advance fee is $10 or 3 percent of the advance, whichever is greater
- No foreign transaction fees
The new Club Card is posed to offer similar features to the Continental Airlines Presidential Plus Card, which was renamed the United MileagePlus Presidential Plus Card when United and Continental merged in late 2010. Chase also partners with United on its MileagePlus Explorer Card.