Features of the Ink Business Cash Credit Card

This is the business credit card from Chase. It is offered with no annual membership fee and annual percentage rates, depending on the creditworthiness for the applicant’s business. The company offers promotional 0% APR for purchases and balance transfers for the first 6 months after opening of the account. When the promotional period is over the annual percentage rates are between 13.24% and 19.24% based on the creditworthiness. These percentages are for purchases and are dependable on the prime rate, found in the money section of the Wall Street Journal. The APR for cash advances and overdraft advances are 19.24% for cardholders with purchases APR up to 19.24%. If the purchases APR is 19.24% the APR for advances will be 23.24%.

The annual percentage rate will increase to 29.99% in cases of violation of the cardholder agreement. Late payments, payments which has been returned unpaid, excess of the credit limit are considered violations for which the penalty APR will apply indefinitely.

For such violations the card members are required to pay penalty fees as well. For a late payment the fee depends on the cardholder’s balances.

FEE              BALANCE

$15              less than $100

$29              between $100 and $250

$39              over $250

For unpaid returned payment or check the penalty fee is up to $39.

As for any card the transactions done with Ink Cash credit card are a subject of transaction fees.  For balance transfers and any types of cash advances the fee is $15 of 5% of the amount, whichever is greater. For foreign transactions the fee is flat 3% of the amount in US dollars.

Benefits of the Ink Business Cash Credit Card

This is one of cards powered by Chase which is related to the cash back reward program. The basis of this program is collecting cash back points for every dollar spent on eligible net purchases. One point is equal to 1% cash back or $0.01, which means that 30000 points can be redeemed for a check of $30. The cardholder collects 1 base point for every $1 he/she spends on net purchases. Additional 4 points can be received per $1 of net purchases in merchants of wireless/telecommunications services, cable or TV services, office supply and wholesalers, which state Visa/MasterCard on their statements. This promotion has a limit of 100000 points or $25000 of purchases. One additional point is earned per $1 of purchases in facilities such as restaurants and gas stations. For these additional points the limit is 25000 points. An Additional point can be collected for every dollar spent on airfare online through the program booking tool. This promotion has no limitations as to how many points an account can accumulate. Points in this program can be earned only through purchases and not cash advances, balance transfers, foreign transactions and any types of checks, interest or fees.

One-time bonus promotion is the $150 or 15000 bonus points for each new card member. He/she can receive the bonus points after the first purchase, balance transfer or foreign transaction made with the card. Cash Advances are excluded as ineligible for this type of bonus promotion.

Another bonus of this credit card is that it is offered with free employee cards. The cardholder can gain points on employees’ purchases and can also manage their spending by imposing limits.

Features of the Amtrak Guest Rewards MasterCard

This is a MasterCard offered by Amtrak and powered by Chase. It is presented in 2 types, World and Platinum card. The difference is based on the cardholder’s creditworthiness and is in form of different annual percentage rates. The cards do not require annual membership fee. The applicants are firstly considered for the World MasterCard and if they are not accepted they receive an offer for the Platinum card.

The annual percentage rates are again based on the prime rate, published in The Wall Street Journal. The World Amtrak Guest Rewards MasterCard has a purchase annual percentage rate of 14.24%, the same as the percentage rate for balance transfers. For the Platinum card the percentage is either 16.24% or 19.24% depending on the applicant’s credit record. These percentages are applicable to the balance transfers as well. Cash advances and overdraft advances are charged with an annual percentage rate of 19.24% for both types of cards.

Penalty APR will be applied in cases of infringements of the cardholder agreement. Such as late payments, returned payments or exceeding the credit limit, imposed to the card. In such cases the annual percentage rate will increase up to 29.99%. The increase will be indefinitely.

Penalty fees are required when a cardholder makes a violation of the agreement. These include a penalty fee for failure to make a payment when it is due, a fee for a payment which has been returned unpaid, fee for returned check and for excess of the credit limit.  The penalty fees are dependable on the number of violations committed by the card member. For a single violation of any type the fee is $25. If another one is committed within 6 months the fee will increase to $35. Only the World Amtrak Guest Rewards MasterCard is free from over-the-credit-limit fee.

The transaction fees required for this type of credit card are standard for Chase. For balance transfers the cardholder owes at least $5 or 3% of the sum. For cash advances the fee is the greater of $10 or 3% of the amount and for any foreign transaction it is 3% of sum.

Benefits of the Amtrak Guest Rewards MasterCard

Having the Amtrak Guest Rewards MasterCard the cardholder receives a Guest Rewards account and starts to collect reward points every time he/she makes an eligible net purchase. 2 points are earned per $1 of net purchases at Amtrak. One point per $1 is collected for purchases elsewhere. The program does not limit the amount of points which can be collected and the points are not a subject of expiry. Reward points can only be accumulated from purchases, and not for cash advances, foreign transactions, checks or balance transfers.

For every new card member the company offers a one-time bonus promotion of 12000 points after the first transaction done with the card. This includes any purchases, balance transfers, checks or foreign transactions, cash advances are not included.

Features of the Hyatt credit card

When offered the Hyatt credit card comes with an annual percentage rate for purchases and balance transfers of 15.24%. This percentage depends on the prime rate. The prime rate is the highest prime loan rate found in the money section of The Wall Street Journal. This rate is a subject of change since the prime rate may vary. The card requires an annual membership fee of $75, which is payable once every year. Other types of transactions which are a subject of an annual percentage rates are cash and overdraft advances. For these types the APR is 19.24%. Make note that in some states overdraft advances may not be available.

There are some reasons when the annual percentage rate will increase. Such reasons include failing to make a payment when a payment is due, or making a payment which has been returned unprocessed or any of the above done on another account the cardholder has with Chase. In any of these cases a penalty APR will be applied and it is 29.99% for all existing balances in the account. This increase will remain until at least the minimum payment is paid every due date for 6 billing periods in a row. The due date is on the 21^st day after closing of the billing cycle. A way to avoid paying interest on purchases is to pay the entire outstanding balance from the last billing period by the time the minimum payment is due. However, cardholders should be aware of the company’s policy of payment allocation, which allows them to allocate payments from balances with lower APR to balances with higher APR. So the balances with the highest annual percentage rates will be paid first. This may result in the cardholder losing the priority to avoid interest.

For the violations of the cardholder agreement which were described above the account owner is required to pay a penalty fee as well. The penalty fees are up to $35, which means for a single violation the cardholder owes $25 penalty fee, but if he/she makes another violation within 6 billing periods, the penalty fee will increase up to $35. Late payments, returned checks and returned payments are a subject of a penalty fee.

One of the benefits of this credit card is that foreign transactions are free of charge. For the other types of transactions, the card members are required to pay a transaction fee. Balance transfers are charged with the largest of $5 or 3% of the amount. As for cash advances, the minimum transaction fee will be $10, if it is more it will be 3% of the sum in question.

Benefits of the Hyatt Credit Card

The Hyatt Credit Card offers participation in the Hyatt Gold Passport Program. Within this program the cardholder collects 3 reward points for every one dollar spent for eligible net purchases on any of the Hyatt locations. The points are only earned from net purchases. Balance transfers, any kinds of checks or cash advances are excluded. One point will be collected for every $1 of net purchases elsewhere. The program sets no limitations as to how many points a cardholder can accumulate. Points then can be redeemed for free nights and discounts in any Hyatt location worldwide.

The program also offers to its members, 15% point bonus to each room stay and a privilege check-in for faster service.

Additional bonus is receiving 2 free nights after first using of the card. This includes purchases, balance transfers and checks. Any types of cash advances are not eligible for this bonus. This is a one-time promotion for new card members only.

Features of the Priority Club Select Visa Credit Card

This credit card is offered in two types Signature and Platinum, depending on the applicant’s creditworthiness. Chase provides promotional no annual membership fee for the first year after opening of the account, after that the fee is $49 a year. First, applicants are considered for the Signature card and if rejected the applicant will receive a Platinum one. The difference between the two types of credit cards is in the annual percentage rate and some fees which are applicable only for one type of card.

As far as the annual percentage rate for purchases is concerned, for Signature cards this percentage rate varies between 13.24% and 17.24% depending on the credit record of the cardholder. For Platinum card this percentage is 17.24%. Every rate is based on the prime rate, published by The Wall Street Journal. This is the highest loan rate found in the money section of the journal. Any chances in this rate will cause changes in the percentage rates with which Chase operates. The annual percentage rate applies to balance transfers and cash and overdraft advances as well. The APR for balance transfers is the same as the one for purchases, while as for the cash and overdraft advances it is 19.24%, again dependable on the prime rate. It is important to be noted that overdraft advances are not available in all states.

Another percentage rate is the penalty APR applicable in cases of violations of the terms of the cardholder agreement. Such violations include late payments, exceeding the credit limit, payments which have not been processed and have been returned. The penalty annual percentage rate is 29.99% and will apply to all balances in the account. However, if the cardholder sends at least the minimum payment on time for 6 consecutive billing periods after the late payment the penalty APR will be terminated and the normal rate will apply.

When it comes to violations of terms fees are also applicable. Late payments are charged with a penalty fee of up to $35. Returned checks or payments and over-the-credit-limit fees are the same in amount. For Signature Visa cards fees for exceeding your credit limit do not apply.

One of the benefits of this card is that the foreign transactions are free of charge. For the other two types of transactions – balance transfers and cash advances, the fees are the greater of respectively $5 or 3% of the amount and $10 or 3% of the amount. These are imposed on the day of the transaction.

Benefits of the Priority Club Select Visa Credit Card

This card earns its owner 5 points on every dollar spent in InterContinental Hotels Group. Additional 2 points for every dollar will be collected for net purchases made at merchants who accept Visa and one point for every dollar spent elsewhere. The points are earned from net purchases only. Balance transfers, checks, cash advances and foreign transactions do not accumulate points. The programme does not limit the number of points which can be collected from one cardholder. Also, it offers an upgrade to Priority Club Rewards Gold Elite Status as long as the account is not default.

As a one-time offer new account owners will receive 30000 reward points after the first purchase, balance transfer, or check, cash advances excluded. These points can be redeemed for 2 free nights at Holiday and Holiday Express Hotels worldwide.

Another benefit is the 10% rebate the card members get every year. This basically means that every year in which the accounts is active and not default for every 10000 redeemed points the cardholder gets 1000 points back. In additional, the company offers annual anniversary present in the form of a free night certificate.

Features of the Disney Rewards Visa Credit Card

This is a reward points credit card which is offered with no annual membership fee. The annual percentage rate responsible for calculating the interest rate is based on the creditworthiness of the applicant and can be from 14.24% to 16.24%. The annual percentage rate depends on the prime rate found in the money section of The Wall Street Journal. This means that the annual percentage rate is a subject of change with any changes of the prime rate. Disney Rewards Visa card is offered with a promotional 0% APR for the 6 consecutive billing periods after a qualifying purchase of Disney Vacation package. This promotion is only valid if the account is not past due within the month of the purchase. The respective annual percentage rate for balance transfers made with the card is again based on the creditworthiness and can be from 14.24% to 16.24%. For overdraft advances this percentage is fixed to 13.99%. However, for cash advances it is dependable on the prime rate and it is 19.24%.

In cases of late payments or returned checks and payment or in case of exceeding the credit limit a penalty annual percentage rate of 24.99% will be applied indefinitely.

Another penalty for violations of the cardholder agreement will be the penalty fees. If the account owner does not make a payment by the time and date the payment is due he/she will be charged with a late payment fee in the amount of up to $35. For going over the assigned credit limit the cardholder owes up to $29. The same amount is the fee for returned check or payment.

As any other credit card this credit card also requires paying transaction fees. There are three types of transactions for which fees are imposed – balance transfers, cash advances and foreign transactions. For the first type the fee will be the greater of either $5 of 3% of the amount. For the second type the minimal fee will be $10 or 3% of the sum. For the third one, the foreign transactions the required fee is always 3% of the sum of the transaction.

Benefits of the Disney Rewards Visa Credit Card

Participating in the Disney Rewards Programme allows the cardholder to win 1 point on every $100 dollars of net purchases. The points can be redeemed for any qualifying Disney merchandise or services within Disney locations. Points can be collected from purchases alone and not from balance transfers, check, cash advances, overdraft advances or interest and fees on them. It is important to know that the points are not transferred automatically and the cardholder needs to transfer them into a functioning reward instrument from Disney in order to redeem them.

If the account owner makes a single pre-tax purchase of more than $50 he/she will receive 10% off of all restrictions in Disney retailers. 50% off from stroller rental fee will receive anyone who uses the Disney Reward Visa while renting. This card also allows the cardholder to receive 20% off qualifying tours and 10% off dining when chosen a Disney restaurant.

Other perks of this card include promotional financing on vacation packages over $100, opportunity to visit a private location exclusively for card members and enjoy “Character Meet & Greet”.

Features of the Marriott Reward Premier Visa Signature Credit card

This is another reward credit card offered by Marriott and powered by Chase. It is a Signature Visa which means it will be offered to applicants with the required creditworthiness. To receive the Marriott Reward Premier Visa Signature Credit card applicants need to pay annual membership fee in the amount of $65.

Based on the prime rate or the highest loan rate in the money section of The Wall Street Journal the annual percentage rate (APR) for every type of transaction is different. For purchases and balance transfers the APR is the sum of the prime rate and 10.99% which makes 14.24%. (Please, note that the prime rate is a subject of change.) For any advances such as cash and overdraft, this percentage is higher – 19.24%. The penalty APR is applicable in cases of breaches of terms in the cardholder agreement such as an overdue payment, returned check or payment or breaches in terms of another agreement the cardholder has with Chase. In such cases the penalty payment in the amount of 29.99% will be applicable indefinitely.

Additional to the penalty APR for infringements in the terms of the agreement the cardholder will be charged with penalty fees.  In cases of late payments the penalty fee is dependable on the balance of the cardholder.

FEE                        BALANCE

Up to $15                Less than $100

Up to $25                Between $100 and $250

Up to $35                Over $250

If a payment has not been honoured or a check has been returned unprocessed the cardholder owes a penalty fee of $25 for a single violation and $35 for another violation if it occurs within 6 months.

As other cards supported by Chase there are transaction fees required for the most common transactions. For instance, balance transfers are charged with at least $5 or %3 of the amount. For cash advances the minimum charge is $10 or again 3% of the sum. The Marriott Reward Premier Visa Signature Credit card has no fee for foreign transactions.

Benefits of the Marriott Reward Premier Visa Signature Credit card

This credit card allows the owner to participate in the Marriott Reward program and accumulate reward points to redeem for stays in any Marriott location and earn to achieve Elite status. By participating in the programme the card members can earn 5 reward points each time they spent a dollar in a Marriott location and another 2 points per $1 when they use their card in retailers which classify their merchant for Visa. One point will be collected for every $1 spent on net purchases in other locations. If the account is not default during a year period of time the cardholder will receive an anniversary present in the form of 15 Elite status nights at a Marriott location which will be credited to him/her.
For every $3000 of net purchase made on the account the owner gets 1 Elite night credit. There are no limitations as of how many points or elite night credits can be accumulated on one account. The company transfers all accumulated points on the Marriot Reward Program account.

Two bonus promotions for new card members are free stay each of them receives upon opening of the account. The free stay can be in any 1-4 star Marriot locations. The other promotion is collecting 30000 reward points after the first purchase, balance transfer or check made with the card. This is a one-time bonus offer for new-comers.

Features of the Marriott Rewards Visa Signature Card

This is a Signature Visa credit card offered by Chase on the basis of the cardholder’s creditworthiness. It is accepted wherever Visa cards are and allows the owner to participate in the reward point programme of Marriott Hotels. There is no annual fee for the first year of membership. Afterwards, the annual membership fee is $30.

As usual the interest charged on any transactions is dependable on the annual percentage rate chosen by the bank. It is different for purchases and balance transfers than cash advances. For the first two types of transactions the annual percentage rate (APR) is 14.24%. However, for cash advances and overdraft advances the APR is 5% higher. These percentages are based the prime rate posted in the money section of The Wall Street Journal. Any change in the prime rate will result in change of the annual percentage rates.

A very important note is that Chase allows cardholders to avoid paying interest on their purchases and transactions if by the minimum payment due date the cardholders are paid their whole previous balance. However, the bank is using payment allocation, which means that avoiding the interest may not be possible, if the bank allocates the payment from one balance to another. The balances with the highest annual percentage rate are paid first.

If the cardholder fails to submit at least the total minimum payment on the date it is due or the payment have been rejected and returned, a penalty APR will be imposed. It is 29.99% and will continue to apply to all outstanding balances until payments are made on time for 6 consecutive billing periods right after the late payment.

Along with the penalty annual percentage rate the account owner is charged with penalty fees for the violations of the cardholder agreement. The cardholder owes $25 for a single late payment and $35 for every additional late payment within 6 months of the previous one. The same method of charging applies to fees for returned check or payments.

Every transaction done through this credit card is charged with a transaction fee. Any types of cash advances are charged with the greater of $10 or 3% of the amount. For balance transfers the minimum charge will be $5 and if it is bigger than $5, 3% of the sum at hand. To any foreign transaction will be imposed a fee of 3% of the amount of the transaction.

Benefits of the Marriott Rewards Visa Signature Card

By having this credit card the cardholder becomes a part of the Marriott Rewards Programme accumulating reward points every time they use it. The points then can be redeemed for discounts or free nights at any of the Marriott locations. Every $1 wins 3 points when spent for net purchases at a Marriott location. Additional points will be collected for each dollar of other net purchases. This programme does not have any restricted number of points which every card owner can accumulate. The points are only collected from net purchases and not from any cash advances, checks, fees, foreign transactions or balance transfers. Once every year of opened account, cardholders will receive $100 which is redeemable for 2 night stay at a Marriott location, if they reach $25000 of purchases on the card. As an anniversary present for non default accounts, each year the account owner will receive bonus 10 nights credit.

After their first usage for purchases, balance transfers, checks or cash advances the cardholder will be eligible to collect up to 5 free nights in a Marriott location. This is a promotion available to new card members only.

Features of the British Airways Signature Visa Credit Card

This is a different airlines credit card supported by Chase. This credit card is offered on basis of the applicant’s creditworthiness for $95 annual membership fee. The interest charged every month is calculated using annual percentage rates. These rates are basically a sum of a constant percentage, chosen by the bank, and the prime rate. The prime rate is the highest loan rate, which can be found in the money section of The Wall Street Journal. It is a subject of change which means that it will be responsible for any changes that occur in the annual percentage rates. The annual percentage rates are different for the different types of transactions. For instance, the APR for purchases and balance transfers is 14.24%, which is the sum of the prime rate and 10.99%. However, for cash advances and other types of advances such as overdrafts this rate is higher – 19.24%.

There is another type of annual percentage rate which is applicable when there is a case of a violation of terms in the cardholder agreement. It is a form of penalty rate and is 29.99%. If a late payment or returned payment occurs the penalty rate becomes applicable indefinitely. The penalty rate is also imposed when there is an excess of the credit limit on the credit card or other account or loan supported by Chase.

In cases of violation of the terms in the agreement the bank imposes penalty fees as well. They are dependable on the type of violation. If the cardholder misses or delays a payment and go over the due date of the billing cycle, a late payment fee is $25. However, if the cardholder repeats the violation within 6 billing cycles, the next fee will be $35. The same is the case if Chase returns a payment unprocessed or a check has not been honoured.

One of the promotional benefits of this credit card is that the foreign transactions done through it are free of charge. For the other types of transactions, as cash advances and balance transfers the fee is the largest of $10 or 5% of the amount in the transaction.

Benefits of the British Airways Signature Visa Credit Card

With this credit card Chase offers a lot of bonuses including a membership in the British Airways Exclusive Club. All the bonus miles earned through the BA Signature Visa are transferred to the Exclusive Club account. Each cardholder receives one when enrolling with Signature Visa, if he/she does not have one already.

With the British Airways Signature Visa Credit Card cardholders participate in the bonus miles rewarding program. For every dollar spent on net purchases of British Airways services, 2.5 bonus miles are collected. Additionally, every other dollar of net purchases will accumulate 1.25 BA miles. Miles are earned from purchases alone and not from any cash advances, checks, and overdraft advances, any kind of interest or fees charged on the account as well as balance transfers. Foreign transactions and currency does not win miles either. There are no limitations as for the number of miles which can be collected on an account. If a card owner accumulates 50000 bonus miles they can redeem them for one transatlantic flight in economy class. The reward flight must be from USA to Europe Zone 1 or from Europe to USA, excluding Hawaii.

Another perk of this card is the opportunity to one Travel Together Ticket every calendar year if the cardholder accumulates at least $30000 on his/her account. This sum should be from net purchases only. The ticket can be redeemed by the cardholder for one companion. This is a one time deal for each calendar year if the requirements are met.

Every cardholder receives 25000 BA bonus miles after their first purchase. This is for new accounts only and these miles can be redeemed for one domestic reward flight with BA or their partner airlines. Another 25000 bonus miles can be collected if within the first 3 months after opening of the account the card owner reaches $2500 of net purchases. Again, this is a bonus promotion for new cardholders only.

Features of the United Mileage Plus Explorer Credit Card

This is another credit card powered by Chase which offers participation in the program of earning bonus miles when using it. The company also has dropped the annual membership fee for the first year, after that the fee is $95. The United Mileage Plus Explorer Credit Card is presented in 2 types – Signature and Platinum. The applicants are first considered for Signature credit card and if not accepted will be offered a Platinum card.

As most of the credit cards the annual percentage rate is a summation of the highest primer loan rate listed in The Wall Street Journal and a fixed percentage. For purchases this is 10.99%, so that the APR will be 14.24%. The same is the case with annual percentage rate for balance transfers. To get the APR for cash advances and overdraft advances just add the prime rate to 15.99%, and the result is 19.24%. One very important point is that the prime rate is a variable which means that any increase or decrease of the prime rate will result in change in the annual percentage rates. This will appear on the billing statement, but the bank keeps the right to change the rates or terms of the cardholder agreement without a notice.

Indefinite penalty annual percentage rate will be imposed in cases of breach of the cardholder agreement by the cardholder’s part. Payment that is overdue, check or payment which has been returned and not honoured is considered breaches of terms. The penalty APR is 29.99% and will be applied also in case that such breaches occur in another account that the cardholder has with Chase.

Besides the penalty APR these types of violations of the cardholder agreement are penal by penalty fees. If the card owner fails to meet the due date of his/her payment he owes a penalty fee dependable on the balance he/she has. The fees are as follows:

FEE              BALANCE

$15              less than $100

$25              between $100 and $250

$35              over $250

If the cardholder has a check or payment which had been returned and not processed he/she needs to pay a fee in the amount of $25 and $35 for every other same violation within 6 billing cycles. Owners of Signature credit cards are freed of over-the-credit-limit fee, for the others it is up to $35.

These credit cards are subject to transaction fees as well. Every balance transfer will be charged will the greater of $5 or 3% of the amount in question. Any cash advances or overdraft advances will be charged with at least $10 or 3% of the sum. For any foreign transactions the fee will be 3% of the amount of the transaction.

Benefits of the United Mileage Plus Explorer Credit Card

The United Mileage Plus Explorer Credit card offers quite extra benefits besides the participation in the bonus miles awarding programme of United Mileage. One of the benefits is the priority boarding which provides to the cardholder preferential boarding. Moreover, the owner of such a credit card receives the first checked bag free of charge for up to 2 persons per reservation. However, fees for additional or oversized bags will be imposed. Another extra benefit is the ability to receive two united club membership card which will be valid when showed to any United Club place.

When opening of the account the new cardholder will receive 25000 bonus miles after the first use of his/her card for purchases, checks or balance transfers. Any types of cash advances do not qualify for this bonus. Additional 5000 bonus miles can be earned if within two billing cycles after opening of the account the cardholder and an authorized user make purchases or balance transfers with the card. These two promotions are one-time offers and are valid for new card owners only.

The United Mileage Plus Explorer Credit Card will accumulate 1 bonus mile with every dollar spent on net purchases with the card. When purchases are made directly through United and also for tickets bought from Continental Airlines the cardholder receives an additional 1 mile for $1. It is essential to know that cardholders get bonus miles from net purchases alone. Cash advances, balance transfers, foreign transactions, checks and overdraft advances, as well as interest or fees do not earn bonus miles. The company does not apply limitations over the number of bonus miles one can receive. Another benefit of this card is that the bonus miles that the card accumulates cannot expire and are active until the account is open and is not default.

Features of the Continental Airlines Presidential Plus Credit Card

This is a preferential credit card offered for $395 annual membership fee. Its annual percentage rate (APR) is dependable on the prime rate. The prime rate is the highest rate for loans found in the money section of The Wall Street Journal. For purchases the percentage is 14.24%, as it is for balance transfers. As far as cash advances and foreign transactions are concerned, the annual percentage rate is the same as the other airlines cards and it is 19.24%. As these rates are based on the prime rate, they will change proportionally if the rate changes. These changes will affect the interest charged as it is calculated by the daily percentage rate.

A penalty ARP is applicable whenever there is a breach of the cardholder agreement or the card owner breaches another agreement he/she has with the bank. The percentage will be 29.99% and will be in force continuously. A breach will be considered a late payment and returned check or payment.

As one of the privileges of this credit card is the fact that any foreign transactions are free of charge. There are only fees for cash advances and balance transfers, which are respectively $5 or 3% of the amount and $10 of 3% of the amount of the transaction.

There are a few infringements of the cardholder agreement are related to applicable penalty fees. Such are the overdue payment, returned payment and returned check. The late payment fee is dependable on the balance of the cardholder. It is as follows:

FEE              BALANCE

$15              less than $100

$25              between $100 and $250

$35              over $250

The penalty fee for returned payment or checks is $25 if it is a single violation and $35 for any additional one within 6 months.
Benefits of the Continental Airlines Presidential Plus Credit Card

This credit card offers membership to the presidents club which gives access to preferential travel treatment. Along with being a part of the Presidents Club as well as United Clubs the cardholders have also the privilege to have their first 2 checked bags free of charge and receive up to $95 Statement credit.

The Continental Airlines Presidential Plus Credit Card gives an entree to Premier Travel Access which provides a preferential treatment when going through airport, priority boarding and other privileges.

Additionally, with this credit card the owner participates in the OnePass reward program where he/she can accumulate bonus miles on their OnePass account and then use the miles to reduce cost or receive continental elite status. One mile will be earned for every $1 of eligible purchases and another additional for every purchase made directly through the Continental airlines. As a bonus offer, the card will accumulate 25% Elite Mileage on the cardholder’s one pass account.