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Review of the Hess Visa Platinum
The Hess Visa Platinum was last reviewed on 3rd September 2006
Summary - The Hess Visa Platinum Credit Card will appeal to those who use Hess stations frequently for their gasoline purchases. With this card, you get 5% rebate on any purchases at HESS, HESS EXPRESS and WILCO HESS stations. As an incentive, you will earn 10% rebates for the first 90 days. The 5% rebates is the highest rebates for any gasoline credit card (though there are other cards that pay 5% rebates as well). Let's look at this card in greater detail.....
Rebate Formula - The HESS® Visa® Platinum Card from Chase offers a high 5% rebate on gas, merchandise and food purchases made at HESS, HESS EXPRESS and WILCO HESS stations. For the first 90 days, you can earn 10% rebate. In addition to gasoline, you also earn 5% rebate for merchandise and food purchases. You earn 1% rebate on all other purchases. Rebates are automatically credited towards your next HESS purchases. Rebates expire in 1 year though that should not be an issue with cardholders who frequent HESS regularly. You can also earn unlimited rebates.
Fees - The Hess Visa Platinum has no annual fee. You get an introductory 0% apr on both purchases and balance transfers for either 3 or 6 months depending on your credit and relationship with Chase. The apr is either prime rate plus 5.99%, 9.99% or 14.99%. The 2-cycle average daily balance method is used to calculate monthly balances.
Other Benefits - You get standard platinum credit card benefits like travel insurance of up to $500,000, purchase assurance and extended warranty protection.
Verdict - We recommend the Hess Visa Platinum to those who use HESS, HESS EXPRESS and WILCO HESS stations as you can earn 5% rebates at these outlets. 5% rebates is the highest payout for any gas credit cards. There is no annual fee and you also get to earn 10% rebates for the first 90 days.
Update - We are no longer offering the Hess credit card. We suggest you consider the The Discover® Platinum Gas Card as you can earn 5% rebates from any gas station.
Positives
Earn 5% rebatesNo annual feeEarn unlimited rebates
| Chase Hess Visa Platinum |
| Reward Formula |
| Rebate Formula |
Earn 5% rebates at HESS, HESS EXPRESS and WILCO HESS stations
Earn 1% rebates on "other purchases" |
| Cost/Fees/Interest rates |
| Introductory rate |
0% fixed APR for 6 billing cycles (purchases and 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 15.99% for elite and premium pricing
Prime rate plus 19.99% for standard pricing |
| 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 |
We are no longer offering the Hess Visa Platinum. Apply for the The Discover® Platinum Gas Card instead.
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