Credit Card Cash Reward Card
Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 1760
Location: Illinois
Posted: Sun Nov 16, 2003 6:34 pm
chase.com/
Chase CashBuilderSM Cashbuilder
Summary
The CashBuilder Reward Plan allows you to earn an annual cash rebate of up to 2% by using your Chase CashBuilder Card. Whenever you make new Purchases on your Account, which appear on your monthly statement, we will calculate a CashBuilder Reward for that billing period based upon your annual level of net Purchases. The percentage calculation used to determine your CashBuilder Reward is based upon your annual level of net Purchases (“Tier Levels”), and will range from one quarter (0.25%) percent up to two (2%) percent of your annual level of net Purchases as follows: 0.25% for the first $2,000, 0.50% for the next $2,000 ($2,000.01 - $4,000), 0.75% for the next $2,000 ($4,000.01 - $6,000) and 1% for net Purchases in excess of $6,000 ($6,000.01 & up). For any billing cycle in which your Account has a revolving balance equal to or greater than $500, your Reward for new Purchases in that billing cycle will be doubled to up to 2%, depending on your current Tier Level. There is a $500 maximum on Rewards that may be earned in any 12-month period measured from your Registration Date Anniversary. Checks are issued within 4-6 weeks of your Registration Date Anniversary.
Annual Percentage Rate (APR) for Purchases Preferred Pricing:1 8.99% for Elite Pricing, or 12.99% for Premuim Pricing, or 18.99% for Standard Pricing.
Other APRs Preferred Pricing:
1 - Balance Transfers: For Elite Pricing and Premium Pricing, fixed 0.00% introductory rate for 12 months from account opening.
1 Thereafter, 8.99% for Elite Pricing, or 12.99% for Premium Pricing. Fixed 0.00% introductory rate for 3 months from account opening for Standard Pricing.
1 Thereafter, 18.99%.
Cash Advances: 19.99% for Elite Pricing and Premium Pricing, or 23.99% for Standard Pricing.
Non-Preferred Pricing - Purchases, Balance Transfers and Cash Advances: Up to 23.99%.
2 1 Any promotional rate may change to your regular Preferred Pricing rate if any minimum payment on your Account was past due. Any promotional rate or regular Preferred Pricing rate may change to your Non Preferred rate if any loan or account of yours with us or your other creditors was past due, your Account was overlimit or any payment on your Account was returned unpaid. All rate changes effective as of your last Statement Closing Date.
2 The Prime Rate used to determine your APR is the highest rate published in The Wall Street Journal on the last business day of the prior month.
Variable Rate Information Your APR may vary.
Preferred Pricing1 - Purchases and Balance Transfers: For all purchases from account opening, and for both outstanding and new balance transfers after the introductory period for accounts with Elite Pricing, the rate is determined monthly by adding 4.99% (or 8.99% for accounts with Premium Pricing, or 14.99% for accounts with Standard Pricing) to the Prime Rate.
2 Cash Advances: For accounts with Elite Pricing and Premium Pricing, the rate is determined monthly by adding 14.99% (or 15.99% for accounts with Standard Pricing) to the Prime Rate (not less than 19.99% or 23.99%, respectively).2 Non-Preferred Pricing - Purchases, Balance Transfers and Cash Advances: The rate is determined monthly and is up to the Prime Rate plus 19.99%.2 Grace Period for Repayment of the Balance for Purchases Not less than 20 days
Method of Computing the Balance for Purchases Average Daily Balance (including new purchases)
Annual Fee None
Minimum Finance Charge for Purchases $0.50 (if a finance charge is imposed)
Transaction Fee for Purchases in a Foreign Currency For Foreign Currency Transactions, 2% of the converted transaction amount.
Transaction Fee for Cash Advances: 3% of each cash advance ($5 minimum)
Transaction Fee for Balance Transfers: No fee during the introductory period. Thereafter, $50 per transaction unless otherwise disclosed to you in writing.
Late Payment Fee: $15 for a Balance up to $150.00; $29 for a Balance of $150.01 up to $1,200.00; $35 for a Balance of $1,200.01 or greater ("Balance" means Previous Balance on statement that shows the late fee) and $35 when Non-Preferred rate in effect on monthly statement.
Over the Credit Limit Fee: $29, and $35 when Non-Preferred rate in effect on monthly statement.
Other fees may apply. Chase credit cards are issued by Chase Manhattan Bank USA, National Association All rates disclosed in these Disclosures are accurate as of 10/31/03.
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Forum Moderator
Joined: 07 Nov 2003
Posts: 1760
Location: Illinois
Posted: Sun Nov 16, 2003 6:34 pm
chase.com/
Chase CashBuilderSM Cashbuilder
Summary
The CashBuilder Reward Plan allows you to earn an annual cash rebate of up to 2% by using your Chase CashBuilder Card. Whenever you make new Purchases on your Account, which appear on your monthly statement, we will calculate a CashBuilder Reward for that billing period based upon your annual level of net Purchases. The percentage calculation used to determine your CashBuilder Reward is based upon your annual level of net Purchases (“Tier Levels”), and will range from one quarter (0.25%) percent up to two (2%) percent of your annual level of net Purchases as follows: 0.25% for the first $2,000, 0.50% for the next $2,000 ($2,000.01 - $4,000), 0.75% for the next $2,000 ($4,000.01 - $6,000) and 1% for net Purchases in excess of $6,000 ($6,000.01 & up). For any billing cycle in which your Account has a revolving balance equal to or greater than $500, your Reward for new Purchases in that billing cycle will be doubled to up to 2%, depending on your current Tier Level. There is a $500 maximum on Rewards that may be earned in any 12-month period measured from your Registration Date Anniversary. Checks are issued within 4-6 weeks of your Registration Date Anniversary.
Annual Percentage Rate (APR) for Purchases Preferred Pricing:1 8.99% for Elite Pricing, or 12.99% for Premuim Pricing, or 18.99% for Standard Pricing.
Other APRs Preferred Pricing:
1 - Balance Transfers: For Elite Pricing and Premium Pricing, fixed 0.00% introductory rate for 12 months from account opening.
1 Thereafter, 8.99% for Elite Pricing, or 12.99% for Premium Pricing. Fixed 0.00% introductory rate for 3 months from account opening for Standard Pricing.
1 Thereafter, 18.99%.
Cash Advances: 19.99% for Elite Pricing and Premium Pricing, or 23.99% for Standard Pricing.
Non-Preferred Pricing - Purchases, Balance Transfers and Cash Advances: Up to 23.99%.
2 1 Any promotional rate may change to your regular Preferred Pricing rate if any minimum payment on your Account was past due. Any promotional rate or regular Preferred Pricing rate may change to your Non Preferred rate if any loan or account of yours with us or your other creditors was past due, your Account was overlimit or any payment on your Account was returned unpaid. All rate changes effective as of your last Statement Closing Date.
2 The Prime Rate used to determine your APR is the highest rate published in The Wall Street Journal on the last business day of the prior month.
Variable Rate Information Your APR may vary.
Preferred Pricing1 - Purchases and Balance Transfers: For all purchases from account opening, and for both outstanding and new balance transfers after the introductory period for accounts with Elite Pricing, the rate is determined monthly by adding 4.99% (or 8.99% for accounts with Premium Pricing, or 14.99% for accounts with Standard Pricing) to the Prime Rate.
2 Cash Advances: For accounts with Elite Pricing and Premium Pricing, the rate is determined monthly by adding 14.99% (or 15.99% for accounts with Standard Pricing) to the Prime Rate (not less than 19.99% or 23.99%, respectively).2 Non-Preferred Pricing - Purchases, Balance Transfers and Cash Advances: The rate is determined monthly and is up to the Prime Rate plus 19.99%.2 Grace Period for Repayment of the Balance for Purchases Not less than 20 days
Method of Computing the Balance for Purchases Average Daily Balance (including new purchases)
Annual Fee None
Minimum Finance Charge for Purchases $0.50 (if a finance charge is imposed)
Transaction Fee for Purchases in a Foreign Currency For Foreign Currency Transactions, 2% of the converted transaction amount.
Transaction Fee for Cash Advances: 3% of each cash advance ($5 minimum)
Transaction Fee for Balance Transfers: No fee during the introductory period. Thereafter, $50 per transaction unless otherwise disclosed to you in writing.
Late Payment Fee: $15 for a Balance up to $150.00; $29 for a Balance of $150.01 up to $1,200.00; $35 for a Balance of $1,200.01 or greater ("Balance" means Previous Balance on statement that shows the late fee) and $35 when Non-Preferred rate in effect on monthly statement.
Over the Credit Limit Fee: $29, and $35 when Non-Preferred rate in effect on monthly statement.
Other fees may apply. Chase credit cards are issued by Chase Manhattan Bank USA, National Association All rates disclosed in these Disclosures are accurate as of 10/31/03.
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posted by CardRatings.com at 9:20 AM
3 Comments:
Author: willgator
Guest
Posted: Wed Nov 19, 2003 2:17 pm
chase will also go 5.99apr on purchases on reg plat card 0%on bt's for 15 months
reward cards 8.99 on purch and 7.99 on bt;s is it as far as I know
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Author: Verne
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 14 May 2003
Posts: 480
Location: Midwest
Posted: Thu Nov 20, 2003 11:39 pm
See my earlier posts about Chase. I was with them 7 years and they jacked my rates when my overall credit utilization surpassed 80%. No derogs, fairly high scores, and perfect payment history, made no difference to them.
Chase started me at $4,000 and, only after I asked for a CL increase, a few years later, did they bump it to $4,500 - the customer rep did it very begrudgingly. I can sense when someone is begrudging.
All my other cards were throwing increases and BT offers at me but Chase never did.
After the intro period, my rate went to 9.9% until the ratejacking. I closed the account to freeze the rate and two years later they jacked me again. I reminded them that I had already rejected their terms two years earlier and even had copies of my letters and their responses. It turned out my account was only "sort of" closed.
Both times Chase tried to retain me but I said what's to stop you from changing terms in the future - even next month?
My problems with their online site was another adventure. In short, they required proof of my address, wanted my DL # and so forth in order to set up online bill payment. I was already in a logged-in, password-protected area simply trying to PAY THEM and they wanted more and more information. The second ratejacking came about 3 weeks later.
I found it especially obnoxious that Chase takes the information they gather at the online site and somehow uses it in their credit card risk assessment department. They pretend to gather information for one thing and use it for another purpose.
With Chase, the relationship means nothing.
Verne
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Author: Ira
SENIOR MEMBER (Member for 2 yrs.+)
Joined: 19 May 2003
Posts: 649
Location: NJ
Posted: Fri Nov 21, 2003 9:04 am
I hate those words "up to." That means that most people never attain the "up to" rate, and even if they do the money they've earned to get there is miniscule. For instance, .25% of $2,000.00 is a huge $5.00, and you'll get paid once a year!! Why not go with a card (there are too many to enumerate) that pays a straight 1% across the board and pays it monthly as a cash rebate? Unless you're spending hugh amounts, the "up to" rated cards generally aren't worth it.
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