We’re always on the look out for those impressive credit card offers that benefit the consumer. In an ever-competitive credit card market, finding those attractive ones is something we like to share. We’ve all heard that things are getting better in the financial sector, but it’s not until an offer that’s chock full of benefits is announced that we really begin to see the upswing. And that’s what makes this new Visa credit card offer exciting.
Today, we’re spotlighting the Visa United Mileage Plus Signature card. It’s designed for those with excellent credit (usually around 720) and ideally, applicants are those who can use airline miles rewards. We all know there’s an impressive number of credit cards that focus on airline miles, but this Visa is especially attractive. The perks received the moment you open the account is proof. See for yourself:
While this card from Chase Bank has been around for some time, it’s recently (in the past month) upped the ante. Among its many features, card holders who add additional users to the account will see an additional 5,000 miles added to their account.
If you apply for the card and are approved, the first time you use it, you’ll enjoy a credit on your account to the tune of $50, along with 25,000 bonus miles and there is no annual fee the first year. After that fee-free first year, cardholders will pay a $60 maintenance fee every year. Here’s where it gets good – for every dollar spent, cardholders earn a mile – with no limits and no restrictions.
What Applicants Need
As mentioned, this card is geared towards those consumers with excellent credit, so it’s a safe bet that your scores need to be in the 700 range. We were also able to find out, too, that if an applicant isn’t approved for this offer, he is automatically considered for the Platinum card, which is similar, though has slightly different benefits and may have pre-set spending limit.
Card holders pay 14.24% APR on this card. For an overdraft advance, the rate is 19.24%. (Please check Terms and Condition of the card for current rates as they might change.)
No credit card offer is complete with a full disclosure of the fees. For balance transfers, card holders will pay $5 or 3% of the transfer amount (whichever is greater) and for cash advances, it’s $10 or 3% of the transaction amount (again, whichever is greater). For foreign transactions, it equates to 3% for each transaction in American dollars.
Your late payment fee is $35, if you go over your credit limit, you’ll pay up to $35 for the Platinum card, but nothing for the Signature card. Return payments and returned checks each are $35.
As you can see, this is a great deal. It’s also a hopeful sign that the credit card companies are once again thinking with a pre-recession mindset. That said, this offer is for a limited time, so you’ll need to act fast to take advantage of it. Ideally, we’ll begin to see more of the big card companies offering these attractive packages.
The common denominator in all of these new offers is the emphasis on “excellent credit”. For those who found themselves struggling with foreclosures, job losses and bankruptcies the past few years, this likely isn’t going to be the right card. We’ll soon be focusing attention on those offers that are geared towards those who’ve come out the other side of the recession, a bit bruised, but ready to move forward again.
As always, we encourage applicants to carefully review all the pricing, terms and conditions associated with any credit card offer. It’s the only way you’ll know for sure if any particular offer is right for you and your credit needs.