Chase Ultimate Rewards Express Student MasterCard®

0% Introductory APR on All Purchases and Balance Transfers for Up To 6 Months Earn 1 Point for Every Dollar Spent No Annual Fee Redeem Points for Terrific Brand-Name Merchandise

Review: The Chase Ultimate Rewards Express Student MasterCard®, issued by Chase, is designed for students who plan to take advantage of the unique reward program. Through the reward program, cardholders earn one point for every dollar spent on the card. Earned points can be redeemed for free merchandise or gift certificates at popular merchants. There is a maximum of 60,000 points that can be earned per year. The card has an above average interest rate for purchases and balance transfers (for a student card), no annual fee, and a 0% introductory rate for purchases and balance transfers through the first six months of membership. However, finance charges applied use the "Two Cycles Average Daily Balance" method, which is a more costly method in applying finance charges for those who occasionally carry a balance as compared to the "Average Daily Balance" method used by most card issuers. In addition to the reward program, the card offers cardholder benefits provided by Chase that include up to $500,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services. Therefore, students who can afford to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to take advantage of the rewards program will benefit the most from what the Chase Ultimate Rewards Express Student MasterCard® has to offer.

Date of Review: 2006-03-23 00:00:00

Notes: See website for complete terms and conditions of card usage and application disclosure.

Additional Perks: Various Internet account related services. Up to $500,000 in travel accident insurance. Extended warranty for purchases. Auto rental insurance. No liability for unauthorized transactions. Emergency cash replacement. Emergency card replacement. Lost and stolen card reporting. Year-end financial statement (upon request). Various travel and emergency assistance services. See website for additional benefits.