Verdict: For customers that require flexibility, the Chase Flexible Rewards™ Platinum Visa® Card allows you to choose your rewards from thousands of options. Despite the cap on miles this card arrives with 0% APR financing for the first year on purchases and balance transfers.

There are many credit cards offering fantastic sounding versatility in rewards – but with all of the choices, how do you know which deal is best? How do you know which rewards make the most of the points that you have worked so hard to accumulate?

Although you earn one point for every dollar spent, unlike other cards of this type there is a cap on the amount of points that the user can earn. The cardholder is allowed to earn a maximum of five thousand points per month, or an average of twelve thousand points for year.

In contrast to the cap on the amount of points the cardholder can earn, the program offers versatility in booking airline tickets for travel. There are three ways to redeem points for travel, compared to the initial one method used by most travel rewards credit card companies.

Rewards

The base points that are earned through the Chase Flexible Rewards™ Platinum Visa® Card are one point for each dollar that is spent using the credit card.
 
Although there is a cap on the miles that can be earned through the program, of twelve thousand per year, or five thousand per month – there are many flexible redemption options that make this card valuable, despite its cap.

The card holder can choose from a variety of rewards including travel, cash-back, gift cards for retail shops and products.
The points accumulated are easily transferred to the United Airlines customer loyalty program and redeemed for flights and other merchandise.

As An Added Bonus

As a new customer, the cardholder is given the benefit of being charged 0% APR on purchases as well as balance transfers for the period of twelve months. Maybe this is the right time to make that big purchase and receive no interest charges for twelve billing cycles.
Fees and APR

One of the aspects of this card that comes in as a benefit is that balance transfers and purchases for the first year. After the twelve billing cycles, the purchase APR increases to prime plus 5.99%, prime plus 9.99% or prime plus 14.99%. The APR that the cardholder is charged is directly based on the FICO score of the applicant. The higher the FICO score, the lower the interest rate.

Cash advances are charged the standard rate of prime plus 15.99%. All purchases come with a twenty day grace period, shorter time than many of the competitor’s cards.

Benefits

1. Points can be transferred to the United Airlines Points Program
2. There is no annual-fee for the card
3. New Customers receive 0% APR for up to twelve months.

The Decision

Chase Flexible Rewards Visa comes with a cap – and with the choice of many other rewards cards that don’t include such regulations, it seems like a smarter choice to go with a different company. After all, if you are using a credit card for the valuable rewards, why be capped at what can only be redeemed for the equivalent of about $120.00 in retail gift certificates per year?

Although the card comes with a cap on the miles, the 0% interest on balance transfers and purchases is enticing, especially to those looking to complete a balance transfer from a high interest card. Not many other credit card companies allow the cardholder to enjoy the 0% APR for the first year!  As well, the card comes without the annual fee present on many other cards that offer these kinds of perks.

Apply for the Chase Flexible Rewards™ Platinum Visa® Card.

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