The TravelPlus® Platinum Visa® Card, issued by Bank One, is designed for those with very good credit who plan to take advantage of the travel reward program.
Through the reward program, cardholders earn one mile for every dollar spent on general purchases. Earned miles can be redeemed for free hotel stays, car rentals, retail gift certificates, and other various attractions. Although there is a maximum of 60,000 miles that may be accumulated per year, there are no blackout dates or seat restrictions applied to this program, and points expire in four years.
The card also offers platinum cardholder benefits provided by Bank One, such as up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.
This card has a reasonably low interest rate for purchases (compared to other travel reward cards). Although there is no annual fee, there is a $29 annual program fee to participate in the reward program, which is quite reasonable.
Those who plan to occasionally carry a large revolving balance may find doing so costly due to the "Two Cycles Average Daily Balance" method used by this credit card to determine finance charges. This ends up costing more to maintain an occasional balance, as compared to the "Average Daily Balance" method used by many credit card issuers.
Therefore, those who plan to take advantage of the reward program will benefit most from what the TravelPlus® Platinum Visa® Card has to offer.
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