Question
In terms of cash reward cards, this has got to be one of the best....
Chase Cash Plus Rewards MasterCard
-5% back on Gas, Grocery, and Drug Store Purchases
-$100 bonus for getting the card thru April 31, 2006
-0% intro APR.
Click Here for the Ad-Scan. (http://img488.imageshack.us/img488/958/img0018fw.jpg)
There really aren't any miles cards which can beat this one in the 5% category. I know I use it just where I earn 5% and use my frequent flier card elsewhere. Annual cash back is limited to $300 per year, but once you have redeemed your initial signing bonus, you can switch to Chase's Rewards Plus program with a much higher annual reward limit ($750) and the option of using points for free flights, cash, merchandise etc.
Answer
There really aren't any miles cards which can beat this one in the 5% category. I know I use it just where I earn 5% and use my frequent flier card elsewhere. Annual cash back is limited to $300 per year, but once you have redeemed your initial signing bonus, you can switch to Chase's Rewards Plus program with a much higher annual reward limit ($750) and the option of using points for free flights, cash, merchandise etc.
Unfortunately the redemption limit is so low $300 or $750 that its not worth it for a good chunk of the CC junkies to even bother with it. Who want to cap out in 3 or 4 mos then switch all your spending. Not worth the hassle for such little benefit
Ken in Phx
Answer
How many people could acutally cap out a $750 max card in 3 months? That's $5000/month on groceries/gas/drug stores... One other nice feature of the Chase Rewards Plus MasterCard (not the Visa version though) is that you can exchange the points for UA/CO miles at very good rates if you're primarily earning at 5%.
Answer
How many people could acutally cap out a $750 max card in 3 months? That's $5000/month on groceries/gas/drug stores... One other nice feature of the Chase Rewards Plus MasterCard (not the Visa version though) is that you can exchange the points for UA/CO miles at very good rates if you're primarily earning at 5%.
Try someone spending for a corporation on a personal card...or some of the people in the AMEX forums. Even at 1% redemption they could pull that off in a few months.
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Try someone spending for a corporation on a personal card...or some of the people in the AMEX forums. Even at 1% redemption they could pull that off in a few months.
Well of course if your spending for a corporation it might not be... :rolleyes: For the rest of us though, it is a pretty good deal.
Once you switch to Rewards Plus you have $15,000 in spending to do at the gas, grocery or drug store to max out. And that's assuming that you only use it at those places in which you earn 5%.
I don't know about you... but there's a lot of hassles I'd go through for $750.
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Try someone spending for a corporation on a personal card...or some of the people in the AMEX forums. Even at 1% redemption they could pull that off in a few months.
Sure, but there are a lot better cards to use on the regular spending categories (e.g., MBNA Fidelity with 1.5% back or Amex SPG). The 5% back cards are mainly useful on the 5% categories.
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I already have the Chase Rewards VISA... am I allowed to apply for the MC as well? Will I still get the $100?
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I already have the Chase Rewards VISA... am I allowed to apply for the MC as well? Will I still get the $100?
In my experiences with Chase (both as itself and the former Bank One), just go ahead and apply. As long as you have excellent credit history/score they will likely give you another card.
Answer
In my experiences with Chase (both as itself and the former Bank One), just go ahead and apply. As long as you have excellent credit history/score they will likely give you another card.
Done! I could use another 100 bucks.
I use both Chase and Citibank cashback cards. For the 1st initial year I use:
For cashback card, Chase Cash Plus is better than Citibank Dividend Platinum Select (cashback). Chase is more aggressive with its initial cashback promos.
For balance transfers in increments of $1500, use Citibank 0% offer good for at least 1 year. Citibank Dividend Network Merchants can provide unlimited cashback beyond the $300 annual max....if you shop this way.
Keep in mind the annual max per card account is $300.