Chase Ultimate Rewards Express Student Credit Card
Summary - The Chase Ultimate Rewards Express (SM) Student Card is a reward program credit card designed for the student. It's main features are as follows:
- Earn onepoint for every dollar you spend (up to 60,000 points annually)
- Redeem points for shopping merchandise and gift cards
- There is no annual fee
- You get a 0% apr for both purchases and balance transfers for 6 months
We will now take a closer look at this card.
Reward Formula - The Chase Ultimate Rewards Express Student Card allows you to earn one point for every dollar you spend on the card. You can earn up to 60,000 points annually. Points can be redeemed for shopping merchandise and gift cards.
Annual Fee and APR - There is no annual fee for the Chase Ultimate Rewards Express Student Card. You get a 0% apr for both purchases and balance transfers for 6 billing cycles. The apr is prime rate plus 9.99%, which is the standard rate for most student credit cards. The two-cycle average daily balance method (including new purchases) is used to calculate monthly balance.
Verdict - The Chase Ultimate Rewards Express(SM) Student Card is essentially a basic shopping reward student credit card that will appeal to students looking for a reward credit card. Its features (like no annual fee, 0% apr for 6 months and apr) are all very standard for a student credit card.
Update : - The Chase Ultimate Rewards Express Rewards Card has been replaced by the Chase Student Flexible Rewards Card, a reward card with both travel and shopping rewards. You can read our Chase Student Flexible Rewards Card here.
Positives
- No annual fee
- 0% apr on both purchases and balance transfers for 6 billing cycles
- Uses the two-cycle average daily balance method (including new purchases)
Negatives
| Chase Ultimate Rewards Express Student Card | |
| Reward Formula | |
| Point Formula | Earn 1 point for every dollar you spend |
| Caps on Points | Earn up 60,000 points per year |
| Cost/Fees/Interest rates | |
| Introductory rate | 0% fixed APR for 6 billing cycles (balance transfers) |
| Annual Fees | No annual fee |
| Purchase APR | Prime Rate plus 9.99% |
| Balance Transfer APR | Prime Rate plus 9.99% |
| Cash Advance APR | Prime Rate plus 15.99% |
| Penalty/Default Rate | Prime Rate plus 23.99% |
| Min Finance Charge | $1.00 |
| Grace Period | 20 days |
| Balance Calculation Method | 2-cycle average Daily Balance (including new purchases) |
| Balance Transfer Fee | 3% min $5.00 max $75.00 |
| Cash Advance fee | 3% min $10.00 |
| Foreign Currency Conversion fee | 3% |
| Over-the-credit-limit fee | $35.00 |
| Late Payment fee |
$15.00 - up to but not including $250.00 $39.00 - more than $250.00 |
Apply for the Chase Student Flexible Rewards Card