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Add the Chase Priority Club Rewards credit card to the long list of cards today that offer both a strong rewards program and an enticing sign-up bonus.
If you’ve been following the credit-card industry with any regularity, you know that today’s card issuers are doing all they can to attract new customers. This isn’t surprising. The sluggish national economy has created a country full of cautious consumers who are using their credit cards less frequently.
Credit-card providers have to offer ever larger bonuses to attract new business today.
And the Chase Priority Club Rewards card is no exception: It offers new card holders the chance to easily earn 30,000 bonus points.
The Bonus Offer: To earn these 30,000 points, new card members simply have to make their first purchase. That’s all. Once they do this, Chase will automatically credit their account with their bonus rewards points.
Rewards Program: This Chase card also comes with a multi-tiered rewards program. You’ll earn two rewards points for every dollar that you charge on gas and grocery purchases and for every dollar you charge at restaurants. You’ll earn one rewards point for every dollar that you spend on all other purchases.
Redeeming Points: You can redeem your rewads points for free hotel stays, merchandise, gift cards and other rewards.
Fees: The card does come with one drawback, a $49 annual fee. Fortunately, this fee is waived during the first year after you’ve opened your account. The card comes, too, with a purchase interest rate of 13.24 percent or 17.24 percent, depending on your creditworthiness. If you make a payment late, you’ll be hit with a penalty interest rate of 29.99 percent, so be sure to pay your credit-card bills on time.
Cash advances cost either $10 or 3 percent of the amount of each transaction, whichever figure is greater, while late payments and returned payments each carry a penalty fee of $35.