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IN:CHICAGOSM Card Details
This credit card is meant for people living, working and playing in Chicago. It earns points on eligible purchases made at many city restaurants, movie theatres, cell phone service providers, cable and satellite television providers, internet service providers and gyms. Some newspaper and magazine subscriptions are also listed. Points are also earned on many other purchases in Chicago.
For many people a credit card that rewards them for shopping, dining and basically just living in their city makes it easy to obtain points quickly.
One of the most attractive things about this card for people in Chicago is the zero percent introductory rates it comes with. For the first six months, you will pay no interest on any balances you carry. Also, any balance transfers you make during the first ninety days will also be eligible for the zero percentage rates for the first six months. This is a great way to move some other credit card debt over to your new card and save the interest charges while you pay it down. Especially if you plan on having the balance paid off within the six months, you could save a lot of interest charges. After the initial six months is over, the annual percentage rate goes up but remains quite attractive. For purchases the rate will be between 8.99% and 16.24% depending on your credit rating and credit history as well as the credit limit of the card.
Cash advances on this card are charged a rate of 19.99% and so like most credit cards, using it for cash is rather pricey, especially if you don't pay off your balance each month. You will also pay a cash advance fee of 3% of the transaction amount (minimum of $5 and no maximum amount).
This card does not have an annual fee which is part of its attraction. Some other fees you will find on the Chicago card are late fees. $19 is charged on late payments on balances under $400 and a late payment fee of $38 is charged for balances of $400 or more. American Express also charges a $35 fee if you go over your credit limit with this card.
Overall this card is a fairly inexpensive card to use and it has the added feature of rewards for spending money right in Chicago. Locally earned and spent rewards make this a card worth considering. |
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