Chase – Sport Courts with deep savings

Posted on February 13, 2018February 12, 2018 by Melissa Horton

The Chase Sapphire Preferred vs. Citi ThankYou Premier Card

Having a credit card that rewards purchases related to airfare, hotel stays, rental cars, and other transportation can be a method to save a substantial amount of cash each year. Travel rewards points or miles translate quickly into dollars. But not every travel rewards program is equal. Two of the top-rated travel rewards credit cards, the Chase Sapphire Preferred and the Citi ThankYou Premier, each offer strong earning potential to card members. However, the credit cards vary in how miles are earned, how they can be redeemed, card member benefits, and cost. Let’s take a closer look at both travel rewards credit card options.

Rewards Program Breakdown

The Chase Sapphire Preferred credit card has one of the strongest rewards programs for travelers. Each dollar spent on dining at restaurants and travel, including airfare, taxis, hotels, and trains, earns card members two rewards points. All other purchases earn a single point for each dollar spent. There are no caps on earnings. New card members can maximize earnings by taking advantage of the promotional offer of 50,000 bonus points earned when $4,000 is spent on the card within the first three months after account opening. Adding authorized users adds an additional 5,000 bonus rewards points when a purchase is made within the same time frame.

The Citi ThankYou Premier credit card also offers a strong rewards program. Cardmembers earn three points for each dollar spent on travel-related expenses. Unlike the Chase Sapphire Preferred card, the Citi ThankYou Premier card offers the enhanced points potential on gas purchases as well. Cardmembers earn two points for each dollar spent on dining and entertainment purchases too. All other purchases made with the Citi card earn one point per dollar spent, with no cap on earnings. Currently, Citi ThankYou Premier card members do not have the chance to earn a one-time rewards bonus as an introductory offer. This makes the Chase Sapphire Preferred card a better choice for those who want an upfront perk.

Redeeming Points

Chase Sapphire Preferred credit card members have the option to redeem points for travel on air, land, or sea directly through the Chase Ultimate Rewards site. Cardmembers can receive as much as 20% off travel purchases through the redemption site. There are no blackout dates or restrictions imposed. Citi ThankYou Premier cardmembers can utilize points to redeem gift cards, shopping through select partner retailers, cash, and even charitable donations. ThankYou points may also be used to purchase travel through Citi’s Travel Center. Points are worth 25% more when redeemed for hotel stays, cruises, car rentals, and airfare purchases. The redemption options through Citi are far more robust than through Chase. They are especially attractive to those who want flexibility above and beyond travel-related purchases.

Additional Benefits

Both cards allow cardmembers to transfer accumulated rewards points to partner loyalty programs at a 1:1 ratio. Citi does not specifically list the transfer partners eligible under the ThankYou points program, but Chase includes the following:

Ritz-Carlton Rewards
Marriott Rewards
IHG Rewards Club
Hyatt Gold Passport
Virgin Atlantic Flying Club
United MileagePlus
Southwest Airlines Rapid Rewards
Singapore Airlines KrisFlyer
Korean Air SkyPass
British Airways Executive Club

In addition to transfer potential, each travel rewards credit card offers supplemental benefits to cardmembers. Chase Sapphire Preferred and Citi ThankYou Premier account holders have access to chip-enabled card technology. This allows for wider acceptance around the world. Chase customers have a variety of travel and purchase protection benefits, including trip interruption, cancellation insurance, and extended warranty protection. Citi customers can access a personal concierge service anytime, day or night. Purchases are covered with damage and theft protection up to certain limits. Both Citi and Chase cardmembers have $0 liability for fraudulent or unauthorized charges.

Card Member Costs

Chase Sapphire Preferred cardmembers and Citi ThankYou Premier account holders won’t have additional fees for transactions made outside the United States. However, both travel credit cards come with an annual fee of $95. Currently, both card providers waive the annual fee for the first year. Neither Chase Sapphire Preferred nor Citi ThankYou Premier applicants are offered a low introductory interest rate on purchases or a promotional rate on balance transfers at this time.

The Chase Sapphire Preferred credit card has a variable interest rate that fluctuates with the broad market. This typically ranges from 16.24% up to 23.24%, depending on the creditworthiness of the applicant. Balance transfer interest rates are the same as purchase rates. A fee of $5 or 5% (whichever is greater), is applied to all balances transferred to the card. The cash advance APR for Chase Sapphire Preferred customers is 25.24%, and a fee of $10 or 5% (whichever is greater) applies.

The Citi ThankYou Premier credit card also has a variable interest rate for purchases, depending on credit history and score. Similar to the Chase option, balance transfer made to the Citi card receive the same APR as purchases, and a $5 or 3% (whichever is greater) applies. Cash advance interest rates are a standard 25.49% with a $10 or 5% fee (whichever is greater).

The Verdict

The Chase Sapphire Preferred and the Citi ThankYou Premier credit cards are great options for individuals who are on the go. For those interested in an upfront bonus, the Chase Sapphire Preferred card is a smarter option. Those looking for higher rewards potential on travel purchases should look at the Citi card. Both travel credit cards offer substantial discounts on trips arranged through their travel sites. The absence of foreign transactions fees for either card make them both appropriate for overseas travelers. The other fees are comparable. Neither card is great for someone looking for an introductory 0% offer on purchases or balance transfers. Prospective card members should consider the total cost of each card and the corresponding benefits prior to applying.

Posted on August 15, 2016 by Mark Faris

Comparing the Chase Slate & Chase Freedom Balance Transfer Cards

Comparing credit card offers is a pretty challenging task. More challenging when you start narrowing down your choices, and are left with the likes of Chase Slate and Chase Freedom, both of which come from the same issuer! However, the single biggest differentiating factor between these two is that while one is targeted specifically towards people wanting to transfer their high-interest credit card debt, the other is for people who although may want to transfer any existing balance/s, they may not want to do it at the cost of cash back rewards.

Let’s look into their respective features and benefits in some detail.

Chase Slate Card

Card benefits

You’re not required to pay any balance transfer fee if you transfer a balance from another card (not from Chase) within the first 60 days of account opening. Thereafter, a fee of $ 5 or 5% (whichever is higher) is applicable on the future transfers.
There’s a 0% introductory APR offer on the balance transfers and purchases, for the first 15 months. A variable APR of 23.24%, 18.24% or 13.24% becomes applicable post this 15 months’ time period, depending on your credit worthiness.
You can see your monthly FICO scores (based on data from Experian) online, completely free of cost. You’re also provided reasons behind your credit score, your credit report summary and helpful information on how you can better manage your credit.
There is no annual fee associated with this card.
Your APR won’t be raised if you’re late in making your bill payment.
You receive ample security and protection in the form of fraud alerts (via email, phone call or text), fraud protection and the embedded chip technology.

Credit requirements

At one point of time this card used to be marketed to people with average credit (in the range of 630 to 689), however, now it’s positioned towards people with good (690 to 719) to excellent (720 and upwards) credit. It’s possible that you may be approved for this card even if you have some minor credit blemishes, but major blemishes are most likely to rule you out. In general, people having FICO scores of high 600s and upwards are easily approved for the Chase Slate. People normally find it easier to qualify for Chase Slate compared to Freedom as there’s no reward component involved here.

Some more pros of the Chase Slate card

Good for people who are looking to pay off some high interest debt from another card in a well-planned manner. You get access to the Chase’s blueprint program that enables you to customize your debt-payoff plan as per your needs.
Good for people that require a longer duration of over 12 months to pay off their credit card debt.
No penalty APR comes as a handy feature for the balance carriers who are prone to missing the payment due dates.
Ideal for people who have accumulated unexpected card debt over a period of time and are looking for the ideal balance transfer card to overcome their card debt woes.

Some cons of the Chase Slate card

Not the best card for people who are after credit card rewards or cash back.
Not ideal for people with poor or average credit (below 690).
There is a limit of $ 15,000 that can be transferred from another card to this one. Hence, it may not be the best card for someone who has excessive card debt, over and above $ 15,000.
No balance transfers allowed from the existing Chase cards to this one.
The intro 0% APR period is not the longest one if compared to other prominent balance transfer cards like the Citi Diamond Preferred that comes with a 21-month 0% intro offer.
A 3% foreign transaction fee is a major drawback for frequent international travelers.

Chase Freedom Card

Card Benefits

You can get 5% cash back on your combined purchases of up to $ 1,500, in rotating bonus categories. It’s equal to a total of $ 75 in cash back rewards! Please note, you’ll need to activate these categories manually every quarter. New 5% cash back categories such as wholesale clubs, gas stations, grocery stores, restaurants and more are introduced every quarter.
An unlimited 1% cash back offer is available on purchases of all types. This is the default cashback offer which also becomes applicable after the exhaustion of the 5% cash back limit (of $ 1,500.
You can bag an introductory $ 150 bonus by spending at least $ 500 on any purchases during your first three months with the card. An additional $ 25 bonus can be had by adding the first authorized user to the card and making your first purchase inside the initial three months’ time.
There’s a 0% introductory APR applicable on the balance transfers and purchases made during the first 15 months. A variable APR of 23.24%, 19.24% or 14.24% becomes applicable after the expiry of the introductory time period.
Unlike the Chase Slate card, a balance transfer fee of 5% or $5 (whichever is higher) is applicable on any amount transferred from a different card. There’s no introductory 60 days offer here.
You’re protected with security features like fraud monitoring/alerts, built-in security and zero liability protection.

Credit requirements

It’s a slight bit tougher to get this card when compared to the Chase Slate as this one requires excellent credit (720 and upwards). Although a FICO score of 720 or higher would be ideal to qualify for the Chase Freedom, some people even in that range have been denied this card. On the other hand, some with even lower scores of around mid-600s have been approved, although with a lower credit limit, which is at least better than being denied.

Some more pros of the Chase Freedom card

An ideal option for people with good to excellent credit, who are looking to make the most of the cashback rewards quickly.
Excellent card for people who want to get their first credit card and are looking to use it extensively for their day-to-day purchases. Please note, purchases made on Amazon.com always have a 5% cash back offer during the holiday seasons.
Once you’ve accumulated $ 20 in the cashback rewards, you’re allowed to redeem that amount in the form of a statement credit, gift card, bank account deposit or purchases made at the Chase’s ultimate rewards shopping website.
Although there is a late fees involved in the Chase Freedom card, you don’t need to pay any penalty APR just like the Chase Slate card.

Some cons of the Chase Freedom card

Not the ideal card for people who like to earn their rewards in a well-planned manner. The rotating 5% cash back categories can be a big put-off for such people.
Not the ideal card for frequent international travelers as there’s a 3% foreign transaction fee applicable on international purchases.
The baseline 1% cash back offer is lower compared to the other competing cards.
The manual activation for the 5% cash back offer every quarter can be put-off for many people. Not activating these categories by the middle of the last month of the quarter can make this offer invalid.
You’re not provided the constant FICO score monitoring facility like the Chase Slate card.

Final Word

To conclude, if it’s a plain and nice balance transfer card you’re after, the Chase Slate should be your pick. It beats the Chase Freedom any given day in this department! On the other hand, if you rarely carry any credit card balance and have an excellent credit score, you’d be much better off with the Chase Freedom instead.

Posted on August 4, 2016August 1, 2016 by Hannah MacDonald

Comparing the Discover it and Chase Freedom 5x Categories

There’s nothing like getting paid to pay. It some ways, the now popular cash back cards feel like they’re providing free money. As folks say, ‘if it seems too good to be true, it probably is’. Yes, cash-back cards are not the gravy train. As with any credit card balance, the 5% cash-back is quickly outweighed by the much more significant Annual Percentage Rate. However, a well-chosen cash-back card can be a valuable tool to keep in your wallet.

Two of the favorited cash-back cards are the Discover It and the Chase Freedom cards. They have reached this popularity because of their appealing 5% cash-back feature. In both cases, this attractive percentage is accessible to purchases that fall within certain categories. In order to choose one card over the other, the long-term factor that will affect your cash-back are these categories.

The Similarities

For both cards, the categories that earn 5% change quarterly. Every three months, you need to shift your mental spending to take advantage of the increased percentage. If you purchase outside of the categories, you’ll receive 1% cash-back. The price is right for this card, as neither one has an annual fee. Both cards have the same spending limit on which you can earn the prized 5%. You can spend up to $1500 in the quarterly categories and therefore receive up to $75 in cash-back.

Category Authorization

Both cards also use a category activation system that requires the cardholder to activate their access to these categories. This activation means that you have to log in to your account online or call to confirm that you will be purchasing in these categories and want to earn 5% instead of that measly 1%. This extra step is seemingly unnecessary and a pitfall for those who forget to activate. You’d think that it’s straightforward that people who are using the card would want to access the better cash-back rate.

For the category authentication, both cards have their strengths within this system. Discover It has no end date for when you can authorize your card to access these categories. The Chase Freedom card authorization period ends about two weeks before the quarter closes, which could leave some people out in the cold. The Chase Freedom card , however, has a clear email and text reminder system to make sure that you don’t miss your window (and have the widest window possible). And once you activate it, it provides the 5% on all combined purchases made within the quarter.

Current Quarter

To begin, let’s look at this quarter: July to September 2016. The Discover It card will give you 5% back for purchases at home improvement stores and on Amazon.com. If you’re planning some small home renovations, this category could provide a big benefit. You could easily earn 5% ‘off’ of your reno, as the category is quite open as to the range of business it allows. Instead of providing a list of authorized establishments, Discover provides a description of the type of business. However, if you’re not planning renovations, the category isn’t that useful. Some Amazon.com purchases could provide certain cash-back opportunities, but likely you won’t near the same benefit.

The Chase Freedom card offers the 5% for restaurant tabs and purchases at wholesale clubs. Chase provides a lengthy list of the eligible restaurants, which they describe as places where their primary business is eat-in or sit-down dining. For example, almost every fast-food restaurant you can imagine is listed. However, hotel and casino restaurants, as well as grocery store cafes and bakeries are not eligible. However, you can earn 5% back at the grocery section of wholesale clubs, like Costco. This category is more useful to the average consumer, as food purchases, whether at restaurants or bulk groceries, are a common expense.

In the current quarter, you could be a big winner with Discover It’s home renovation plans and the more significant purchases that come along with that. However, most consumers will have better luck earning 5% back within the Chase Freedom restaurant and wholesale club category. You may not max out your $1500 allowance, but the category is still more accessible.

Next Quarter

Looking forward, we head to the last quarter of the year: October to December. Of course, this quarter holds the holiday shopping season. Both cards are holding out on the final category details. Perhaps the suspense adds to the end of year cheer, but it can make it difficult to pick the better holiday shopping companion.

We do know that the Discover It card will provide you with 5% on all your Amazon.com purchases. For those who don’t want to leave their home for the mall, this cash-back category could be a boon. The Chase Freedom card will continue to offer the 5% on wholesale club purchases. Looking towards the hearty eating season that it is, you could get all your holiday groceries at a great cash-back rate. However, the biggest winners of the quarter are yet to be announced.

Past Categories

Looking back to the fourth quarter of 2015, we can see what kinds of categories could appear. Of course, the categories change and are rarely the same year to year, but it provides some context. The Discover It card provided 5% at Amazon.com, department stores, and clothing stores. The Chase Freedom card provided the great rate at Amazon.com, zappos.com, audible.com and diapers.com. Here, the Discover It card seems to come out the better option based on the wide range of store types, rather than specific websites. However, the preference really depends on whether you like to shop online or in person.

Conclusion

For this year, the Chase Freedom cash-back card is the best card to earn higher cash-back on everyday purchases. Everyone needs to eat, and you could earn on food bills or restaurant tabs. Home renovation and online shopping at Amazon.com is more niche, though highly useful for those consumers who fall into that niche. However, the release of the fourth quarter categories will be a key comparison point. Keep an eye out for the announcement, as it will likely come out in mid-September.

Posted on August 2, 2016August 1, 2016 by Melissa Horton

The Slate vs the Freedom Rewards Card

Finding the right credit card can be a daunting task, especially with the myriad of choices available from a slew of various issuers. Differences in rewards programs, promotional offers and card member fees play a major role in which card is best suited for specific borrowing needs. Some popular credit card issuers like Chase Bank have simplified the process by designing credit cards for those seeking out very specific card member perks. The Chase Slate credit card and the Chase Freedom credit card are two very different options that deserve a closer look.

A Dream for Balance Transfers

The Chase Slate credit card is designed for individual borrowers looking for a low-cost way to transfer balances from higher interest rate cards or those in need of a low introductory interest rate. The current balance transfer promotion for Chase Slate card members is attractive because it extends beyond most comparable balance transfer offers in terms of time to repay. New Chase Slate card members who transfer a balance to the credit card within 60 days of account opening receive 15 months of 0% interest on balance transfers, and the balance fee of the greater of $5 or 5% is waived for the first transaction. For individuals with a high-interest rate balance on a different card, the balance transfer offer through Chase Slate is second to none.

In addition to the balance transfer promotion, new Chase Slate card members have a 0% interest rate on any purchases made within the first 15 months after account opening. After the promotional period ends, the standard APR for well qualified card members is 13.24%; applicants with less than exemplary credit may qualify for a standard APR of 18.24 or 23.24%. Balance transfer rates revert back to the standard rate assigned at the time of account opening as soon as the promotional period ends. The Chase Slate card does not impose an annual fee for card members, making it an attractive choice for those with high spending needs or high interest rate balances elsewhere.

The Chase Slate card does not offer any rewards program at this time.

Rewards Aplenty

The Chase Freedom card is best suited for individual borrowers seeking out a strong rewards program. Card members earn 5% cash back on rotating bonus categories each quarter, including gas stations, certain retailers and restaurants, up to a maximum of $1,500 in purchases. All other purchases made with the Chase Freedom card earn card members a flat rate of 1% cash back with no cap on earnings. The bonus categories must be activated each quarter to ensure rewards are earned, but the 1% cash back is and automatic benefit.

The Chase Freedom credit card offers a similar promotion to new card members in terms of the purchase APR and the balance transfer APR. Qualifying applicants receive 0% interest on both purchases and balance transfers for the first 15 months after account opening. Chase Freedom differs from Chase Slate in that the balance transfer fee of 5% still applies. After the promotional period ends, the standard purchase and balance transfer APRs can be as low as 14.24%. Card members may also qualify for a standard APR of 19.24% or 23.24% if credit history or score are not ideal.

Chase Freedom card members also have the potential to earn $150 in bonus cash back when $500 or more is spent within the first three months after account opening. Adding an authorized user to an account also boosts cash back earnings by $25, but only when the user is added and makes a purchase within the first three months. Cash back rewards earned with Chase Freedom do not expire as long as the account remains in good standing. Rewards can be redeemed for cash, check out at Amazon.com, gift cards from select retailers, or through Chase’s travel site. A minimum of $20 must accumulate prior to redeeming rewards. Chase Freedom does not carry an annual fee.

Chase Card Member Perks

All Chase credit card members have access to a variety of additional benefits, most focused on enhanced security. Both the Chase Slate and Chase Freedom credit cards are chip-enabled which offers a greater level of acceptance around the world. Purchases made with either card are also covered by zero liability protection. This means that unauthorized charges or fraudulent purchases are not the responsibility of the card holder, up to certain limits. Chase card members also have purchase protection and extended warranty protection for eligible purchases.

Chase Slate and Chase Freedom credit cards also provide auto rental collision damage waivers, roadside assistance and dispatch, and travel insurance for those on the go. The Chase Slate card also waives foreign transactions fees making it more attractive to travelers; the Chase Freedom card assesses a foreign transaction fee of 3% per purchase.

Chase offers a unique feature to card members in its BluePrint payment system. Card members can elect to customize payments based on the type of purchases made and the amounts spent over a single billing cycle. For borrowers who carry balances over from one month to the next, BlutPrint is a smart way to control spending and repayment that is truly unique to each card member.

Which Card is Right for You?

The Chase Slate card is a simple credit card that does not offer a rewards program in terms of cash back or travel points. Instead, Chase Slate card members can take advantage of the inexpensive balance transfer offer or the introductory 0% APR to save cash for other needs. Applicants need to have excellent credit in order to qualify for the Chase Slate card, setting it apart from the Chase Freedom option.

The Chase Freedom credit card is best suited for individuals with a penchant for points. The rotating cash back bonus categories offer a way to boost earnings for card members who spend consistently on certain purchases, and the flat rate cash back helps keep rewards accumulating outside the bonus categories. The introductory purchase rate and balance transfer offer for Chase Freedom is attractive for cost-conscious card members, but the balance transfer fee makes the card more expensive than Chase Slate. Both Chase credit card options can be used as standalone cards or in marriage with one another to enhance the experience.

Posted on August 1, 2016October 5, 2016 by Melissa Horton

Comparing the Capital One Quicksilver and Chase Freedom Rewards Cards

Credit cards that offer rewards programs for card members are a smart way to earn extra cash toward purchases for savvy users. In recent years, the number of credit card rewards programs made available to qualified applicants has grown substantially, making it difficult to weed through the good, the bad and the ugly. For example the Chase Sapphire Preferred & Capital One Venture compare quite differently than marketed. And both the Chase Freedom and the Capital One Quicksilver credit cards are strong contenders for cash back rewards, but they differ greatly in terms of their rewards programs, additional card member benefits and total costs associated with owning the card. Here’s the skinny on each.

Rewards Program Breakdown

The Chase Freedom credit card offers a rotating bonus cash back schedule, on top of a flat rate rewards program. Under the rotating bonuses tier, card members earn 5% cash back on purchases made within each applicable category for the time frame defined within the cardholder agreement. For the 2016 calendar, Chase Freedom card members earn 5% cash back on purchases made from gas stations and local commuter transportation, not including parking, Amtrak purchases or tolls. The second quarter offers the same cash back bonus on grocery store purchases, not including Walmart or Target stores, while the third quarter includes restaurants. The fourth quarter is typically geared toward holiday shopping with specific retailers and online partners added as the season begins. Card members earn the 5% cash back bonus on up to $1,500 in purchases, each quarter. All other purchases made with the Chase Freedom credit card earn 1% cash back with no limit.

The Capital One Quicksilver card differs from the Chase Freedom option in that it does not offer bonuses on specific spending categories. Instead, the credit card is a flat rate rewards card that offers 1.5% cash back on all purchases with no limit. The idea behind the Capital One Quicksilver card is focused on simplicity as card members do not need to track spending in certain categories or time purchases to ensure they receive the most benefit from their card.

Card members with Chase Freedom have the potential to earn more on certain purchases than Quicksilver cardholders, but the cap on earnings with Chase makes it difficult to capitalize fully on cash back rewards. Additionally, card members have the activate each bonus cash back category at the beginning of each quarter to ensure they receive the additional rewards points. Capital One Quicksilver card members can redeem rewards in any amount at any time, while Chase Freedom account holders have to accrue $20 worth of rewards before redemption is an option. Both credit cards offer statement credits and cash deposits as options for redeeming rewards, and rewards do not expire. Chase Freedom offers additional ways to redeem rewards, including shopping directly through the Chase mobile app or purchasing gift cards directly through Chase from partner retailers.

Added Card Member Perks Comparison

Currently, new card members can earn $100 cash back bonus if $500 in purchases are made within the first three months after account opening. The Chase Freedom credit card has a $150 one-time bonus with the same spending and time frame parameters. Both cards also provide for authorized users to be added to the accounts, and no annual fee.

Both the Chase Freedom credit card and the Capital One Quicksilver card provide additional benefits and protection to card members through the following comparable features:

Purchase protection up to certain limits
Extended warranty protection
Trip interruption/cancellation insurance
Travel accident insurance
Rental card damage waiver
Lost luggage reimbursement

In addition to these benefits, Chase Freedom also offers price protection and return protection on purchases made with the card, as well as Roadside Assistance Dispatch services. Capital One Quicksilver card members have access to a 24/7 concierge, luxury hotel discounts, sports experiences and other shopping discounts. Capital One stands out in the additional perks category by also offering free access to Credit Tracker which allows card members to access their credit score and changes to their credit profiles any time from the mobile or desktop apps. Chase Freedom does not currently offer credit information directly to card members.

Card Member Costs

Both rewards credit cards are currently offering new card members low introductory interest rates on purchases and balance transfers, although one is a stronger offer than the other. Chase Freedom has a 0% purchase APR for the first 15 months after account opening, after which time the interest rate reverts to a variable rate ranging from 14.24% up to 19.24%. Chase is also offering a balance transfer promotion for new card members that includes a 0% interest rate for the first 15 months after the balance is transferred. The balance transfer rate reverts to the same as the purchases APR after the promotional period expires. Card members should note the balance transfer fee of 5% is applied.

Capital One Quicksilver card members have access to a 0% purchase APR for the first nine months after account opening, after which time the rate reverts to a variable APR that ranges from 13.24% up to 23.24%. Balance transfers are also available through Capital One with a 0% APR for the first nine months. After the promotional period ends for balance transfer made through the Quicksilver card, card members receive a variable rate that is the same as the purchase APR assigned at the time the account was opened. The balance transfer fee for Capital One is 3%.

Neither the Chase Freedom Card nor the Capital One Quicksilver card carries an annual fee. However, Capital One does not impose foreign transaction fees on its card members, while Chase does at a clip of 3% per transaction. The late fee assessed for both cards can be as high as $35, while the fees for returned payments vary.

Final Thoughts

Both the Capital One Quicksilver and the Chase Freedom cards offer strong rewards programs to card members, but the variations may suit some spenders more so than others. For those who spend heavily in bonus categories each quarter, the Chase Freedom credit card is a no brainer. But for account holders who prefer simplicity and a flat rate rewards program, the Capital One Quicksilver card definitely takes the cake. The one-time bonus cash back offers are similar for each card, but those who want to take advantage of a 0% purchase or balance transfer APR may be drawn more toward the Chase option. Without an annual fee and no expiration on earned rewards, both the Chase Freedom and Capital One Quicksilver cards provide cost effective benefits to card members.

Posted on June 6, 2016June 13, 2016 by Melissa Horton

Hyatt Visa Hotel Card from Chase Bank

For those who travel with a degree of frequency, having the right travel rewards credit card is a must. Watching frequent flyer miles, free or discounted hotel stays and travel necessity discounts rack up is part of the fun of hitting the road or the skies, but not all travel cards offer the same benefits. Some travel cards focus on a specific airline or hotel group alone, while others have partners that allow more robust rewards redemption options. The Hyatt Visa Hotel card offered through Chase Bank is a smart choice for travelers with a penchant for staying at the Hyatt when they get away.

Card Basics

The Hyatt Visa Hotel card from Chase Bank is a premiere travel card that gives the most bang for each buck in terms of rewards. For every dollar spent on purchases at Hyatt properties with the card, account holders earn three rewards points; for every dollar spent on purchases at restaurants, airline tickets bought directly from the airline or car rental agencies, two rewards points are earned. All other purchases made with the Hyatt Visa Hotel card earn account holders one rewards point per dollar spent. Like most rewards credit cards, one point is equal to $0.01, meaning 1,000 points translates to $10 in rewards.

For individuals new the Hyatt Visa Hotel card from Chase Bank, meaning they have no held the card in the previous 24 months, bonus offers are available for a limited time. First, account holders who spend no less than $1,000 on purchases within the first three months after account opening receive two free nights at participating Hyatt properties. On top of the bonus nights, cardholders who add an authorized user to the account within the first three months earn an additional 5,000 points. The added user must make a purchase during that time frame, however.

Rewards points earned by utilizing the Hyatt Visa Hotel credit card can only be redeemed for free nights at Hyatt properties. Cardholders must have accumulated a minimum of 5,000 rewards points before a free night can be obtained.

Additional Card Benefits

In addition to the rewards program built in to the Hyatt Visa Hotel card, cardholders have unique perks that come with card ownership. First and foremost, one free night at any Hyatt property that falls within the category range of 1 through 4 is obtained every year after the cardholder’s anniversary. Also, cardholders earn different statuses through the Hyatt Passport program which equates to even more perks. Accountholders in good standing can upgrade to the Hyatt Gold Passport Platinum membership category, and are able to maintain that status for as long as the card remains open. The Platinum status under the Hyatt rewards program includes a 15% rewards point bonus on eligible purchases, not to mention complimentary in-room Internet access, and late checkout upon request. All the benefits available through the Hyatt Passport program are detailed within the program’s membership agreement.

Card members can also move up the status ranks by utilizing the Hyatt Visa Hotel credit card on a consistent basis. Account holders receive two stay credits and five night credits toward the Elite Diamond status when $20,000 or more is spent in each calendar year. An additional three stay credits and five night credits can be earned when $40,000 or more is spent throughout the year. These added credits lead to free nights quickly, making the card an attractive solution for those who regularly stay with Hyatt properties when traveling.

Card Member Costs

As with most travel rewards credit cards, the Hyatt Visa Hotel card comes with card member fees that should be reviewed prior to applying for and subsequently utilizing the card. First, an annual fee of $75 is charged each card member anniversary, although for new card members, the annual fee is waived for the first year. The Hyatt Visa is reserved for applicants with exemplary credit, as only one purchase APR is assigned at the time the card is opened to qualified borrowers. The initial interest rate is 16.24% for purchases, but it is tied to the Prime Rate and may fluctuate over time. Balance transfers receive the same APR as purchases, and no promotional interest rate is available at this time.

Cash advances cost card members more than purchases or balance transfers, with a standing APR of 25.24%. Currently, fees associated with cash advances or balance transfers are not available, nor are charges assessed for late payments or returned payments. International travelers or shoppers do not have to worry about additional charges with the Hyatt Visa Hotel credit card, as no foreign transaction fees are imposed.

Final Thoughts

As a travel rewards credit card, the Hyatt Visa Hotel card is a smart choice for individuals who plan to stay in Hyatt properties either domestically or during international travel. The bonus nights earned through the current promotion are available at a relatively low spending barrier within the first three months, and the bump to Diamond status through the Hyatt Passport rewards program is attractive to frequent travelers. The authorized user bonus rewards offer and the anniversary free night stay also adds to the overall benefit of carrying the card.

Hyatt Visa Hotel credit card members have the added benefit of earning rewards on more than just hotel stays. Enhanced rewards points earning potential with certain categories helps account holders earn more nights quickly, as does the standard one rewards point for all other purchases that fall outside the confines of bonus categories. Having the ability to utilize the card for everyday purchases without foreign transaction fees, and the ability to redeem rewards with as few as 1,000 points accumulated help make this card a strong contender in the travel category. The waived annual fee for the first year and comparably low annual fee of $75 thereafter doesn’t hurt either.

Individuals who do not travel often, or those who prefer to stay at hotels ore resorts not associated with Hyatt property management will want to select a different travel rewards card for their wallets. The Hyatt Visa Hotel credit card is best suited for travelers who spend quite a bit on hotel stays with Hyatt throughout the year.

Posted on June 2, 2016 by walletpath

New 100,000 Marriott Business Credit Card Offer from Chase

There are a ton of reward programs out there, but not all are created equal. Signing up for a good deal that automatically gives you points for spending a minimum amount is exactly what you should be looking for. The Marriott Rewards program is currently offering 100,000 points on its business credit card (application here: https://creditcards.chase.com/credit-cards/marriott-business-credit-cards.aspx) as a bonus after you spend 5,000$ in the first 3 months. This deal is amazing considering you would have to spend 20,000$ at Marriotts around the world to accumulate that many reward points. This makes it an absolute steal for anyone who can grab this offer.

Marriott points can be used on so much more than just hotel rooms. With their points you can splurge on yourself with a little shopping. 100,000 points can get you the next big tech item you have been wanting like Fitbit Blaze Smart Watch (55,000 points), or you can spend it on something to block out all the sun on those sandy beaches you are sure to visit with left over points after getting some Ray-Ban Wayfarer Sunglasses (55,000 points). Shopping not only is a great way to spend a few points, but it makes buying your next new toy a little easier on your wallet. With 100,000 points in the Marriott Rewards program some serious shopping can be done without having to spend a single extra dollar. This is the perfect way to splurge on something for yourself or a loved one or for helping take a bite out of that Christmas list that never seems to end.

If shopping is not your cup of tea, you can also book your next cruise through Marriott’s reward program. Cruises start at 149$ and for every 63,000 points you have you get 250$ worth of credit you can use, which will bring your price for a cruise for two as low as about 50$! This also means you would have enough points left over for some shopping, flying, or any other services the Marriott rewards program has. While cruising is a wonderful way to spend your points, you also get 6 points per dollar spent on up to 60,000 points on the cruise when you book a balcony or suit room! This is more points offered per dollar than any other way through the Marriott Rewards program.
Maybe you’re not a shopper, and cruising makes you sick. Maybe you’re more of the giving type and have a huge heart. The Marriott Rewards program has an amazing set of non-profit organizations they team up with where you can use points to give as donations. The organizations include some really amazing non-profits including the Children’s Miracle Network, Peace One Day, and Habitats for Humanities. Not only does giving back feel good, but finding a cause that hits close to home, or one that you are just truly passionate about and helping them out is a wonderful thing to do. Everyone needs a little light in their life and by helping out those organizations you can be helping building houses, giving kids second chances, and so much more. This is one of the most meaningful ways your Marriott points can be used. You can give a portion of your points (2,500 is 5$) and feel great about yourself! With the rest you can shop, cruise, or whatever else floats your boat!

The Marriott Business Credit Card’s 100,000 point offer is one that you should not miss out on. The points can be used for so much from shopping, to giving, to cruising. These points can be used all over the world and are very versatile compared to other rewards programs out there. With 100,000 points you can get the latest tech gadget you have been eyeing, you can grab a quick cruise for you and your love, or so much more. These points normally would take a ton of spending to accumulate, and with so many options these points are some of the best. The Marriott Business Credit Card not only gives you great points per dollar conversion on everything you buy (from 1:1 all the way up to 6:1), these points have a lot of bang for their buck. Grab this deal while you can, it is sure to not disappoint.

Posted on June 1, 2016 by Melissa Horton

United MileagePlus Rewards Card Review

Over the last few decades, air travel has become less of a luxury reserved for the wealthy and their companions. Jetting away to a different city for work or personal time is not nearly as restricted as it used to be, thanks in part to more reasonable airfare and a growing number of competing airlines. Oh, and the bevy of rewards programs readily available to those who travel on a frequent basis doesn’t hurt, either.

Experienced travelers know that using a travel rewards credit card that is designed for racking up frequent flyer miles is a smart way to enhance the travel experience. Whether it is working toward a free flight, or using cardholder status as a means to get additional perks before, during or after a trip, travel rewards credit cards are the perfect addition to a traveler’s wallet. The United Mileage Plus Explorer credit card made available through Chase Bank is worth a second look for frequent flyers with a penchant for flying United.

Card Basics

The Mileage Plus Explorer credit card comes with a strong rewards program for cardholders which has the potential to pay off in a big way over time. Let’s start with the current promotions. New card members have the opportunity to earn up to 30,000 bonus miles when the United Mileage Plus Explorer credit card is used to make $1,000 or more in purchases within the first three months after the account is opened. Additionally, a 5,000 bonus miles credit can be earned when an authorized user is added to the account and that user makes a purchase within the first three months after account opening. When the cardholder spends $25,000 in net purchases throughout the year, an additional 10,000 bonus miles can be credited to the account each and every year.

The bonus offers made available through the United Mileage Plus Explorer credit card are incredibly attractive to card members who plan to spend big within the first three months, or have a tendency to spend big throughout the year. Fortunately, for less frequent spenders, the rewards miles still have the potential to add up. Cardholders earn two miles for each $1 spent on purchases directly through United airlines, with all other purchases earning one mile per $1 spent. The great news for all card members is that miles never expire and there is no limit on earning potential. Any miles earned through the United Mileage Plus Explorer credit card can be redeemed for any seat, any time, on flights operated by United airlines.

Unique Cardholder Perks

Not having to worry about blackout dates or caps on mile earnings are the strongest benefits of the United Mileage Plus Explorer credit card. However, additional perks exist for cardholders that make the card that much more rewarding. Cardholders are not required to pay a baggage fee on the first checked bag for themselves and one companion flyer, which could add up to $100 in savings per each round trip flight. Additionally, priority boarding is available for primary card members and their companions which allows travelers to board before the general boarding group.

The United Mileage Plus Explorer credit card also comes with no foreign transaction fees when purchases are made outside the United States. All United credit cards are chip-enabled, not only providing additional security but also allowing for a more acceptance within the U.S. and abroad. Cardholders also have the benefit of added comfort with United Club passes. Card members receive two United Club passes each year the account is open, providing access to the airline club with complimentary drinks, snacks, workspace and Wi-Fi.

Travelers also have additional protection when utilizing the United Mileage Plus Explorer credit card for purchases through the Auto Rental Collision Damage Waiver program and the Purchase Protection program available directly through Chase Bank. Extra perks come by way of room upgrades and certain amenities are more than 700 luxury hotels and resorts around the world. Also, card members gain access to special events, private experiences and discounts through Chase’s Inside Access programs.

The Fine Print

Most travel cards come with some restrictions, either by way of rewards limitations or ongoing fees. The United Mileage Plus Explorer credit card does not impose earning restrictions on miles, but an annual fee of $95 is assessed. Currently, though, new card members have the annual fee waived for the first year.

Chase Bank offers some insight into who is best qualified for the United Mileage Plus Explorer credit card, explaining that individuals with exemplary credit are encouraged to apply. A high credit score and strong credit history will help in getting potential card members approved for the travel card. For those who qualify, the interest rate on purchases ranges from 16.24% up to 23.24%, and the actual rate charged varies depending on broad market movement. Cash advances comes with a standard APR of 25.24%, and balance transfer fees are the same as the initial APR for purchases.

Although interest rates are a substantial part of the total cost of carrying debt on a credit card, additional feels may come in to play affecting the card holder. Late payments or returned payments due to insufficient funds result in a fee ranging from $15 up to $37, depending on the total balance due. Any balance transfers are assessed a fee of $5 or 5%, whichever is greater, of the total amount transferred to the credit card. Similarly, cash advances cost card holders $10 or 5% of the advanced amount, whichever is greater. The combination of these fees and the interest rate charged on carried over balance can add up quickly for cardholders.

The Verdict

The United Mileage Plus Explorer credit card is a smart choice for frequent flyers who prefer to travel via United flights. However, because the card offers no other way to redeem rewards aside from United airfare and their partners, this travel credit card is not recommended for individuals who are seeking a robust rewards program or cash-back options. The annual fee, the purchase APR and the cost for cash advances or balance transfers may make this card unattractive to frequent flyers who are cost-conscious or those who do not utilize the card enough to reap its benefits.

Posted on May 17, 2016 by Melissa Horton

Chase Ink Plus Business Rewards Card Review

Small businesses are the bloodline of the economy, making up 46% of all non-farm gross domestic product within the United States and employing more than 48% of private sector employees, according to the most recent Small Business Administration Office of Advocacy report. As vital as small businesses are to a growing economic state, financing challenges are a prominent concern. A business credit card is often the first line of defense against cash-flow shortages and seasonal downturns in revenue. The Chase Ink Plus Business Rewards Card is one of the most popular on the small business circuit given its plethora of perks.

Chase Ink Plus Business Rewards cardholders are privy to some of best benefits in terms of rewards potential available to business owners. Let’s take a look at how the Ink Plus Business card stacks up.

The Basics

The Chase Ink Plus Business Rewards credit card has an impressive rewards program for cardholders, touting the opportunity to earn five rewards points for every dollar spent on qualifying purchases at office supply stores, on cable television services, on cellular and landline phone services and on Internet services. Rewards are also earned on combined purchases made at gas stations and hotel accommodations booked directly with the hotel each anniversary year. For both the five times and the two times reward categories, cardholders earn points on the first $50,000 spent in any given year. All other purchases earn one reward point per dollar spent with no annual or lifetime limitations. Rewards do not have an expiration date as long as the credit card account remains open and in good standing.

Chase is well-known for offering strong rewards programs, and the Ink Plus Business Rewards credit card is no different. Rewards points can be redeemed for a number of different options, including cash back at a one to one ratio, meaning a 100 rewards equates to $1 in cash back. Cardholders can also redeem rewards for vacation packages, flights or cruises through the Chase Ultimate Rewards site. Gift cards are available from major retailers and merchants, and account holders have the option of shopping through the Amazon partner site with earned rewards as an alternative.

One of the most attractive features of the Chase Ink Plus Business Rewards credit card is the bonus offer available to new applicants. Currently, new cardholders have the opportunity to earn up to 60,000 bonus points when a minimum of $5,000 is spent on purchases within the first three months of account opening. When the bonus rewards are used to book travel directly through the Chase Ultimate Rewards partner site, redeemed points are worth 25% more than other redemption outlets. For example, a flight or hotel accommodation purchased with 60,000 rewards points and redeemed through the site is worth $750 – a great way for business owners to put the Chase Ink Plus card to work for them.

Cardholder Extras

The Chase Ink Plus Business Rewards credit card offers additional perks to business owners above and beyond the rewards program. First, cardholders are not assessed any foreign transaction fees, a feature not found with all business credit cards. Business owners also have the option of adding an unlimited number of authorized users at no additional cost, saving both the time and hassle of giving certain employees access to spending on the card. Employee cards also come with individualized spending limits that can be changed at any time. As an added security feature, the Chase Ink Plus Business Rewards credit card comes with embedded chip technology, perfect for the business owner who travels outside the country on a regular basis.

Ink Plus cardholders also have the benefit of specialized account management only available to certain Chase customers. Account balances can be paid in full or over an extended period of time, based on the specific needs of the business and available cash-flow. Also, the Chase mobile app offers an easy, streamlined way to capture and tag business receipts on the go, in an instant. The combination of these additional perks gives the Chase Ink Plus Business Rewards credit card an advantage over comparable business credit cards.

The Fine Print

Credit cards can be lifesavers for small businesses, but it is important to understand how fees, restrictions and interest rates impact cardholders. The Chase Ink Plus Business Rewards credit card comes with an annual fee of $95, making is less attractive than some competing business credit cards with lower or no annual charge. Any business owner planning to utilize the Ink Plus credit card for a balance transfer should be aware that a greater of $5 or 5% of the total amount transferred is applicable, and cash advances incur a $15 or 5% fee, whichever is greater. Late payments may result in a fee, ranging from $15 up to $39, per payment.

The Chase Ink Plus Business Rewards credit card does not offer an introductory interest rate or any balance transfer offers at this time. Instead, the standard annual percentage rate for purchases ranges from 15.49% up to 19.49%, based on the credit quality of the applicant; balance transfer rates fall into the same range. Interest rates on cash advances are a stark 25.24%, in addition to the aforementioned fees. Cardholders should know that because all interest rates associated with the credit card are variable from the onset, shifts in the market may have an impact on the actual interest rate applicable at any time. Chase states that the most qualified applicants are those with excellent personal credit history.

The Verdict

While the Chase Ink Plus Business Rewards credit card is an attractive solution for business owners in need of an accessible credit line with ample rewards, this card is best suited for individuals who are capable of earning enough in rewards to offset the $95 annual fee. For businesses who spend a substantial amount of cash on office supplies, cable and Internet services and travel, the rewards program is second to none. However, if your business does not spend much on these specific categories, or has relatively low spending on all other purchases, a card with no annual fee or a cash-back only rewards program may be a better solution.

Posted on April 25, 2016 by walletpath

Chase Slate Credit Card Review

Ok, let’s picture this…you’re in a stable profession/occupation, taking home a handsome 4/5 figure amount each month; your credit score is also well over 720, making you a darling of the lending companies. But, somehow you managed to dig a hole for yourself during the last holiday season. How? You bought $12k worth of gifts using your credit card. That’s a significant amount of credit card debt! What made matters worse is that the card you used to buy those $12k worth of gifts with, was a very high APR card.

Now if you don’t act fast enough, this debt may soon start eating big chunks from your monthly disposable income, and then quietly find its way into your savings. No-brainer that your credit score may take a hit too!

So, what do you do?

Keep paying your monthly dues in full and on time? Yes, that’d be great if you can afford that!

Dig into your savings/investments to pay back the amount in full? Yes, that’s an option too…but can prove to be an expensive one.

Look for a good balance transfer card and transfer your entire balance to it, buying yourself ample time to pay back the debt? This sounds like the most reasonable alternative. And this is where the Chase Slate Credit Card comes into the equation!

The Basics

It’s alright to feel slightly skeptical about the Chase Slate at the first glance as it doesn’t earn you any reward points and comes with no sign-up bonus. However, its unique combination of features has everything to get even the seasoned debtors out of the red and back into the black over a period of time.

Chase Slate has one major USP: It helps its users in getting rid of their credit card debt in the easiest way possible. And it delivers on that promise very well. It comes with a 0% Intro APR on balance transfers and purchases for 15 months, giving you ample time to tide over your circumstances and take a good shot at your liabilities. What more, there’s no balance transfer fee if you get the transfer done within 60 days of opening the account! Let’s look at some pros which separate Chase Slate from the crowd.

The Benefits

0% Intro APR promotion – Chase Slate gives you a good 15 months’ time to shoot down your credit card debt. You’re not required to pay any APR on balance transfers and purchases during these first 15 months. You’ll be charged an ongoing variable APR of 13.24%, 18.24% or 23.24% thereafter, depending on the prevailing interest rates and your credit worthiness.

No balance transfer fee – The balance transfer option allows you to move expensive debt from any credit card to a newer, different one, at a lower interest rate. However, majority of credit cards charge a balance transfer fee of 3% to 5% for this facility. Not the Chase Slate! You don’t need to pay any balance transfer fee if you choose to move your high-interest debt from another credit card to Chase Slate within the first 60 days of account opening. However, please keep in mind that the other credit card should not be from Chase. If, for some reason, you’re late in availing this balance transfer option, and want it after the passage of initial 60 days fee-free period, you’ll need to pay a fee of $5 or 3% of the balance transferred, whichever is higher.

No Penalty APR – Chase understands that life can get busy sometimes! Unlike as in case of other credit cards, you’ll not be charged any penalty APR (raised APR) if you’re late in making your monthly payment for some reason. However, please note that other account related terms and conditions will still apply.

Chase’s Blueprint Program – When you buy a Chase Slate card, you get automatically enrolled into their Blueprint payment program. This is a unique program available at no additional cost, only to holders of different Chase credit cards. It allows you to effectively manage your account payments for accomplishment of different financial goals. Using this program, you can avoid interest on certain types of expenses, while continuing paying it on others, as per your convenience. For instance, the program’s Full Pay plan saves you from interest charges on day-to-day purchases like gas, groceries, prescriptions etc. You decide the categories you’d like to pay in full every month.

Free FICO scores – Your Chase Slate card gives you free-of-cost access to your FICO score derived from Experian data. You also get to use the Chase Slate online credit dashboard and get to know the reasons behind your credit score, view your credit report and learn different ways of managing your credit health.

No annual fee – Not only does the Chase Slate card saves you a lot of money on the balance transfer fees and interest payments, it drives the deal home by not charging you any annual fee at all!

Shortcomings

Fee on foreign transactions – There’s a 3% fee charged on all transactions processed outside of the US. This is a bummer for many frequent international travelers. Similar card products like Capitol One Quicksilver and Citi Simplicity don’t have any such foreign transaction fees.

No Rewards – The Chase Slate doesn’t offer any cashback, travel or other types of rewards. This is a huge drawback compared to other cards like Discover it chrome, Discover it and BBVA Compass Rewards, that have reasonable fees and APRs, yet offer excellent rewards.

Steep ATM fees – The ATM fees is also pretty steep in case of Chase Slate credit cards. You’re charged 5% of the amount withdrawn or $ 10, whichever is higher.

Need good credit score to qualify – You need to have a good credit score to qualify for the Chase Slate credit card. This is a big problem for people who’re already under credit card debt and are looking for effective ways of overcoming it.

No sign-up bonus – You don’t get any sign-up bonus when you buy the Chase Slate credit card.

To Conclude

It’s highly likely that you may find Chase Slate a little boring compared to other card products. Well, it actually is, in some ways! Nevertheless, you need to remember that it’s a no-frills and highly-useful credit card that comes with an excellent balance transfer promo, straightforward fee structure and attractive introductory offers. Simply put, it’s a no-nonsense WYSIWIG card that doesn’t bother with the rewards or value-added perks. What you see is what you get!