The Chase Ink Unlimited and the Chase Sapphire Reserve are two of the most widely accepted credit cards on the market. If they are not in your wallet, these new cards from Chase may convince you to sign up.
Both cards have absolutely no annual fee, which is a great incentive if you do not currently have either one of these cards. However, Chase has made one significant change in the way that they determine the minimum balance needed to qualify for the bonus rewards.
This new rule applies only to the Chase Ink Unlimited card. With the old rules, the minimum balance required was three times the regular interest rate. For example, if the regular rate is five percent and you pay five percent every month, this means that the balance needs to be paid in full each month before you qualify for the special Chase rewards.
However, when the Chase rewards program was introduced, the limit on the percentage that can be paid in interest was changed to ten percent, which is more than double the usual amount. With this rule, anyone who does not already have one of the cards should seriously consider applying for one.
As a reminder, Chase offers the cards as a part of their effort to provide more incentives to their customers. In the past, Chase provided a credit line with a certain amount and an introductory period. While this worked out for most consumers, others were unable to obtain this credit due to credit history issues. Because of this, Chase has now introduced a new credit line that allows any American who is 18 years old or older to apply for their card.
In summary, the new rules that have been implemented by Chase have made it more important than ever to apply for and obtain their cards before the promotional rate expires. Once the promo is over, you will find that you can use your card at any time, making it easy to build your credit without having to rely on high interest rates and the other gimmicks that are designed to keep you paying high rates.
By combining your Chase Ink Unlimited card with the new Chase Freedom Unlimited card, you can save up to thirty percent on airline travel. These cards can help you save thousands of dollars each year simply by having access to a credit line.
In order to qualify for the new Chase Ink Unlimited cards, you must be a U.S. citizen or an adult over the age of eighteen, and you must have an active checking account that you have not used for more than six months. In order to receive the reward points, you must also be enrolled in the Chase Freedom Unlimited credit card program. In addition, you must pay your balance on time each month.
The Chase Freedom Unlimited card also has a special offer for students, who can earn a ten percent rebate on purchases made from their card. This can mean huge savings if you plan on spending a lot of money on airline tickets.