If you are an individual with a good credit score looking for a reward card that offers flexibility in the rewards that can be earned, the Chase Flexible Rewards Platinum Visa by the Chase Manhattan Bank might be just be what you are looking for. When you make purchases with the Chase Flexible Rewards card, every dollar you spend on eligible purchases grants you one reward point. Accumulated points can be redeemed for merchandise, air travel, hotel stays, car rentals, gift cards and more. Points can even be redeemed for cash, in which 3,500 points translates to a $25 check. However, the points expire after five years, with the maximum amount of points that can be earned within one billing year being 60,000 points. This works out to 5,000 points per billing cycle. Additionally, the card imposes a reasonable interest rate for purchases and balance transfers with no annual fees required. Unfortunately the card uses the 'Two Cycles Average Daily Balance' method of calculating finance charges, which usually means that you will have to pay more if you carry a balance on this card. Nevertheless, the card has a long introductory 12-month interest-free period for purchases or balance transfers (but not for cash advances). Besides the reward program, the card has the standard plethora of platinum cardholder benefits from Chase including up to $1,000,000 in travel accident insurance, auto rental insurance, fraud protection, purchase protection, various emergency and assistance services and extended warranties on almost all purchases. For those who qualify, the Chase Flexible Rewards Card can be highly lucrative to own. With such a flexible reward program, this credit card is almost the perfect 'one size fits all' reward card. Of course if you don't pay off the outstanding balance in full each month, the rewards of this card may not outweigh the additional charges you would have to bear. |
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