Value Miles Platinum Visa® Card

Every Purchase Earns One Value Mile for Each Dollar Spent Fly Major U.S. Airlines with No Blackout Dates Platinum Benefits 0% Intro APR

Review: The Value Miles Platinum Visa® Card, issued by Chase, is designed for those with very good credit who plan to take advantage of the travel reward program. Through the reward program, cardholders earn one mile for every dollar spent on general purchases. A maximum of 40,000 miles may be accumulated per year, and they expire in three years. Earned miles can be applied towards travel on American, Delta, United, Continental, Northwest, USAir and other major airlines; however, miles cannot be combined with frequent flyer programs. The card also offers platinum 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. This card has a reasonably low interest rate for purchases (compared to other airline reward cards) and a 0% introductory rate for purchases and balance transfers for twelve months. However, those who plan to occasionally carry a large revolving balance may find doing so costly due to the "Two Cycles Average Daily Balance" method used by this credit card to determine finance charges, which ends up costing more to maintain an occasional balance as compared to the "Average Daily Balance" method used by many credit card issuers. Therefore, those who can afford to pay in full each month (to avoid finance charges) and plan to take advantage of the reward program will benefit most from what the Value Miles Platinum Visa® Card has to offer.

Date of Review: 2006-04-08 00:00:00

Notes: The APR for purchases and balance transfers varies according to the applicant's credit history and is either 4.74%, 8.74% or 12.74% + Prime Rate. See website for complete terms and conditions of card usage and application disclosure.

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