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The Chase Value Miles Platinum Visa Card was last reviewed on 8th August 2005.
Summary - The Chase Value Miles Platinum Visa Card is a travel reward credit card that is targeted at those who want to earn miles for travel. Its key features are :
You earn one mile for every dollar you spend (up to 4,000 miles per month or 40,000 miles per year)Miles can be redeemed for airline tickets with any major US airlines with no blackout datesThere is no annual feeYou get a 0% apr on both purchases and balance transfers for 6 billing cycles
Let us take a closer look at this card.
Miles Formula - The Chase Value Miles allows you to earn one mile for every dollar you spend on the card. Miles can be redeemed for airline tickets by most major US carriers with no blackout dates. You can earn up to 4,000 miles a month or 40,000 miles in one calender year. At this present moment, Chase does not state on their website how long are their miles valid for. I made a call to the credit card application center and they did not have this information either. (we will try to get this information as soon as possible).
Fees - The Chase Value Miles has no annual fee. You get a 0% introductory apr for both purchases and balance transfers for 12 billing cycles. The apr is either prime rate plus 5.99%, 9.99% or 14.99%. The two-cycle average daily balance (including new purchases) is used to calculate monthly balance.
Conclusion - The Chase Value Miles&#SM Platinum Visa® Card will appeal to those looking for a travel reward credit card. However, the caps on the number of miles is quite low. Those who spend more than $40,000 may want to consider other travel reward credit cards.
Update - The Chase Value Miles has been discontinued. As an alternative, we would recommend the Chase Flexible Rewards Platinum Visaź Card, which has an identical reward program.
Positives
No annual fee0% apr on both purchase and balance transfers for 12 billing cycles
Negatives
Low cap on number of miles you can earn
| Chase Vlaue Miles Platinum Visa |
| Reward Formula |
| Miles Formula |
Earn 1 mile for every dollar you spend |
| Caps on Points |
Earn up to 4,000 points per month or 40,000 per year |
| Cost/Fees/Interest rates |
| Introductory rate |
0% fixed APR for 12 billing cycles (balance transfers) |
| Annual Fees |
No annual fee |
| Purchase APR |
Prime Rate plus 5.99%, 9.99% or 14.99% |
| Balance Transfer APR |
Prime Rate plus 5.99%, 9.99% or 14.99% |
| Cash Advance APR |
Prime Rate plus 14.74% |
| 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 |
The Chase Value Miles has been discontinued. Apply for the Chase Flexible Rewards Platinum Visaź Card instead.
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