Chase Bank’s “Sapphire” Credit Card Review
Chase Bank has been relentlessly releasing new products and promotions lately, perhaps in an attempt to supplement their recent Washington Mutual acquisition.
It seems like BankVibe has been reporting on new Chase bank promotions every few days.
The latest from Chase bank is a new credit card called the “Sapphire Card” and comes with a number of notable rewards and benefits (although not quite as nice as the Chase Sapphire Preferred Credit Card).
Chase Bank claims this card, unlike other credit card options, “rewards without expiration dates, black out dates or limits to what you can earn.”
Chase Sapphire Credit Card Features:
- Earn $100 in rewards – that’s 10,000 bonus points after you spend $500 in 3 months!
- Redeem points for travel, gift cards, merchandise, cash back and more
- 2X points earned on airfare & hotel accommodations booked through Ultimate Rewards & 1 point for every dollar spent on all other purchases
- Points never expire and there are no limits on how many points you can earn
- 24/7 Dedicated service advisors (No voice recording)
- Premier travel and purchase protection benefits
- All of this for no annual fee!
APR associated with the Chase Sapphire Credit Card:
Applicants with good credit scores can expect a low 10.24% standard APR. That’s about what most people can expect from a standard credit card without a rewards program. Given that competing rewards cards charge APRs of as high as 14%, the Chase Sapphire card’s APR stands out as one of the better options in the category.
The Chase Sapphire card also offers members the comparatively advantageous APR on cash advances. At 19.24% (plus fees), Chase’s fees for cash advances beat out the competition (although we would always recommend avoiding cash advances with credit cards when possible). Chase charges a highly inflated default APR. With a 29.99% APR for defaulted accounts, you’ll, needless to say, want to get your payments in ON-TIME.
September 28th, 2009 at 9:59 am
[...] to be Chase bank’s approach, given their recent product launches. The most visible are Sapphire credit card and Blueprint, a new credit card program that allows customers to manage their spending and [...]