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No Hassle MilesSM Rewards Details
This is a travel rewards credit card that surpasses other cards in its class due to the flexibility of earning and spending your air miles. With this card you will earn 1.25 air miles for every dollar that you spend, regardless of where you spend and whether it is a business that has an affiliation with the card company. In conjunction with this earning scheme, you will enjoy added benefits like emergency roadside assistance, extended warranty and travel accident insurance.
With this card there are no annual or membership fees; there are, however, several other standard fees that you will have to become familiar with on this card: late fees, overlimit spending fees, cash advance transaction fees and APR and balance transfer fees. Late fees are calculated according to the amount that you owe: for anything up to $99.99 you will be charged $15; for any amount between $100 and $249.99 you will be charged $29, and for any amount over $250 you will be charged $39. If you spend more than your allocated credit on the card then you will be charged according to your credit limit: $19 will be charged for any account with a credit limit up to $500; $29 for any accounts with limits between $500 and $1000; $39 for any account with a limit of more than $1000. You will be charged for cash advances in terms of both the transaction and an APR: each time you take out an advance it will cost you 3% of the advance amount (no less than $10) and the APR for such transactions is 22.9%. If you want to make a balance transfer from one or more of your existing credit cards to this account, there will be no fee involved and the associated APR will be the same as the standard purchase APR. Standard purchase APR for this account will start at 13.9% variable, however this and the 25 day no-purchase-APR grace period may be lost if you fail to make your payments on time each month. If this is the case, your purchase APR will shoot up to the default rate of 25.15% variable. Relatively speaking, this is a lower default rate than with many other cards.
Given the very low purchase APR, the flexible air miles system and the fact that you can redeem your miles at any time for travel, cash, other purchases or gift certificates, this is an excellent card. |
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