Prime Rate Credit

July 24, 2006

Chase Platinum Credit Card Deal

Filed under: Low APR Credit Cards — CleanedUpCredit @ 11:52 am

Chase Platinum, which is almost akin to a “Gold” status credit card, which just means you are eligible for better interests rates because you are a better credit risk for credit card companies, is offering a Platinum Low Interest Credit Card Special. Here are the details of this special credit offer that I saw :

You get 0% annual percentage rate on any qualifying purchases (be careful to read what “qualifying is - although this one looks fairly straightforward), and also 0% APR on any credit card balance transfers (balances from other higher interest cards that you may want to transfer over to take advantage of the interest savings, at least, while they last) for a full year.

The Chase Platinum would then boost you up to a perfectly respectable interest rate of 14.24% annual percentage rate after the one year intro period. Speaking from experience, one year is a pretty nice intro period to take advantage of.

Catches : They do warn that the year intro period is subject to a review of your credit history, so not “everyone” qualifies for the special rate and intro period. As long as your credit is ok, I would think you would be fine. It really depends on this particular cards stringency in guidelines for credit risks.

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