The Chase Visa Credit Card Review
When you are looking for a new credit card, Chase Visa credit cards should be on your list. This recognized name in banking and credit card lending is a leader in the market today.
A Card For Every Consumer
Chase provides a wide array of credit card possibilities that allows consumers to choose from rewards programs such as cash back or earned points. There are cards with no annual fees and 0% introductory APR for interest free purchases for 6-12 months.
Student credit cards offered by chase are clearly tailored for younger customers with share points that can be used to support favorite causes or give to friends and Karma points earned with Facebook. The rewards are also youth focused with points that can be redeemed to movies, music, electronics and more.
Small business owners can use Chase Visa credit cards that are the INK label cards. INK Bold provides a flexible spending capability with no expirations or caps. The card must be paid in full monthly.
INK and INK Plus earn points that can be redeemed for travel, merchandise, cash or gift cards and offer liability protection if lost or stolen. The INK line of Chase credit cards is designed just for business and offer choices that will suit small business owners and corporate executives, too.
Online Tools
The Chase Slate Visa credit card offers innovative new management tools for account holders. This is Blueprint which provides account features and reports that can be customized by the account holder. Blueprint is designed to allow you to track certain expenses or groups of expenses.
Fees and Interest Rates
Most Chase Visa credit cards do not have an annual fee attached but it is something to look for when you are comparing offers. Annual fees had disappeared from mainstream credit accounts but were revived when the new consumer credit laws took effect in 2010.
Initially, most major lenders appeared to be adding annual fees but they have been removed from most credit accounts as lenders compete with each other for new credit card customers. Interest rates may be confusing. A 0% introductory APR is a great way to transfer balances from high APR accounts and pay them off without interest. However, at some point the account will begin to charge interest on your balance and it is crucial to know what that interest rate will be.
When you apply for a new credit card today, you may find three interest rates listed rather than one. Your credit rating will determine which of the three APRs your account will be charged. For Chase Visa credit cards, you can obtain a new account with 0% interest rate for a full 12 billing cycles if you quality for what is termed Elite or Premium pricing. Elite pricing is the lowest interest rate offered and is available only to those with excellent credit files.
If there is a black mark on your credit file, you may qualify for a Chase Visa credit card but only for what is referred to as Standard Pricing. All of the interest rates will vary with the market and are based on the Prime Rate. New government regulations have applied some limits to the practice of increasing APR on an existing account but you will be charged a penalty rate if you:
- Make any late payment on your account
- Exceed your credit line
- Make a payment that is returned as unpaid
- Have any of the three actions above on another account or with a related company
Conclusion
Chase Visa credit cards offer options to suit almost any consumer. With no annual fees and interest rates that are competitive in today's marketplace, Chase is a lender recognized worldwide as a leader in the credit industry. While other lenders have expanded offers in an attempt to provide a credit account for every possible credit problem, Chase is focused on serving the consumer with good credit in the best possible way.
