I received a pre-approved offer from Chase today, for a platinum mastercard, with a BT rate of 1.99% for 12 months, and a purchase rate of variable 12.49%. My lowest rate right now is NextCard at 12.99%. I'm assuming I will get it if I apply. I would like to have a low rate card, but in doing a search here, am not too sure that Chase is desirable. Are they OK, except for the BT fees? What, in general, is your experience with Chase? I am just about maxed out on the number of cards I can get, though (I think). 2 Providian, 1 NextCard, 1 BOA, 1 Citi, 1 Discover and a Sears, and I just applied for Penneys. I don't use the Sears, won't use the Penny's, just want them for the specials. Only have balances on BOA, Citi and NextCard. I don't want to cancel my Providians, since they are my oldest. What do you think, experts?
I have had no problems with Chase. Customer service is good. My intro rate is also 2.9% for six months. There are no BT fees associated with my account (at least during the intro period).
Chase has the arbitration clause, though, and they will also check credit reports as justification of raising your interest rate. Be careful...there are better prime cards to get.
