Home > > Chase Travel Plus Platinum Visa

Chase Travel Plus Platinum Visa

Earn 1 mile for every dollar in purchases
Redeem your points for flights, hotel stays, car rentals, cruises and more!
Choose from over 250 airlines without restrictions
0% Introductory APR on purchases and balance transfers for up to 6 months

Select your destination. Choose your travel rewards.

With Chase Travel Plus Platinum Visa card, your purchases will earn miles that can be redeemed for a variety of travel rewards including airline tickets, hotel stays, cruises, and car rentals. Travel domestically or internationally with no blackout dates.

Chase Travel Plus Platinum Visa

• Earn 1 mile for every dollar in purchases1
  
• Redeem your miles for flights, hotel stays, car rentals, cruises and more!
  
• Choose from over 250 airlines without restrictions
  
• 0% Introductory APR* on purchases and balance transfers for up to 6 months**
  
• The time period for the introductory APR and the balances to which it will apply will be based on our review of your credit history**
  
• All this for a low yearly program fee of $29

DID YOU KNOW?

	After a recent or past bankruptcy, most people want to get on the path toward establishing good credit. To accomplish this goal, some choose to purchase a home. While a new home purchase is a good way to rebuild credit and increase your credit score, purchasing a home after a recent bankruptcy may result in higher interest rates and fees. Establishing Credit after Bankruptcy A bankruptcy will remain on your credit report for seven to ten years. During this time, purchasing a new home, car, or obtaining a credit card with a prime interest rate will be tricky. Nonetheless, you need to establish or rebuild your credit. When lenders review your credit application, your score is a key determining factor in whether you are approved. If you have not opened new credit accounts since your bankruptcy, lenders cannot accurately judge your creditworthiness. There are many ways to re-establish credit after a bankruptcy. Getting a department store charge card or a credit card is an option. If you cannot get approved for an unsecured credit card, consider applying for a secured card. Typically, this involves putting a down payment on the card. When Should You Apply for a Home Mortgage Loan? If possible, delay applying for a new home loan for at least two years following your bankruptcy. This will allow you ample time to rebuild your credit and boost your credit score. By doing this, you may qualify for better or comparable interest rates. Several lenders will approve a mortgage loan application one day following a bankruptcy discharge. Unfortunately, the interest rates on these loans are several points higher than current market rates. This rate increase will significantly increase your monthly mortgage payment. How to Get Approved for a Home Loan after Bankruptcy? Fortunately, it is possible to get a home loan following a recent or past bankruptcy. If you are applying for a loan before re-establishing credit, contact at least four sub prime lenders and obtain online quotes. While the rates you receive will be high, you can always refinance in two years for a better rate. If you have established new credit accounts, frequently check your credit report. If you pay your creditors on time and avoid late payments, your credit rating will improve considerably. After two years, begin contacting mortgage lenders. Likewise, you should also obtain several quotes. To speed up the process, apply through a mortgage brokerage site. A single online application will produce multiple quotes from many different lenders.

Refinanced mortgages have a couple of different rules when it comes to closing. For one, there is a mandatory rescission clause for primary residence mortgages that allows you annul your loan. You can also choose to close at anytime, which is beneficial if you think rates will drop in the near future.

Rescission Clause

With a rescission clause, you have three days after closing to cancel your loan if the property is your primary residence. Think of it as a “cooling off” period. If you have second thoughts, you can annul the loan and recoup nearly all the fees.

Most often this clause comes in handy when homeowners are deciding to tap into their home’s equity, but then change their minds. Other times, a change in job situation or home plans makes the refinanced mortgage unnecessary.

Once you have annulled your mortgage, you will only have a short term hit on your credit score from the lender’s background check. It will make little difference if you decided to apply for another loan in the near future.

Delaying Closing

You don’t have to close your refinanced mortgage within 30 days. You can keep it open indefinitely. However, you have to weigh your choices carefully. While you are waiting for rates to drop, you may see them rise while paying your current high mortgage rate.

Mortgage rates fluctuate on an almost hourly rate, but they do follow a trend. You can read about general mortgage rate in your newspaper’s finance section or hear it on the evening news. When the Federal Reserve Board raises or lower rates, it will eventually impact mortgage rates. But other factors also affect mortgage rates, making it difficult to predict exact changes.

You also have to remember that every month you delay locking in rates, you are losing a chance to save money. While a percent can save you a significant amount of money, a quarter or eighth of a percent doesn’t really make it worth it. Waiting for lower rates is a gamble that you have a right to.

Know Your Options

Once you begin the refinancing process, know that you aren’t locked into the loan or closing. You have the power to stop the process even after the loan has closed for three days. You also have the choice on when to lock in rates. With these options, you can explore all your financial choices and make the decision that is right for you.