The United Mileage Plus Signature Visa Card - Pros and Cons

The United Mileage Plus Signature Visa Card, issued by Chase, is designed for those who travel frequently with United Airlines and have an excellent credit history.

Through the reward program, cardholders earn one mile for every dollar spent on the card. Miles can be used for travel on United Airlines and can be combined with the United Airlines frequent flyer program. New cardholders receive between 15.000 and 20,000 bonus miles (depending on promotion) after their first purchase and have the opportunity to earn additional miles at participating restaurants. Cardholders also receive a United discount travel certificate and a free one-way, 1,000 mile, one-class upgrade certificate after their first purchase.

The card has no pre-set spending limit; however, purchases are approved based on credit record, account history, and personal resources. The airline reward Miles are compatible with Frequent Flyer Programs.

APR (Purchases): 18.24% Variable
The APR for purchases is based on the Prime Rate.
APR (Cash Advances): 22.74% Variable
To view the most current rates, see the most recent: Terms and Conditions

Late Payment Fee: if balance is less than 0; if balance is 0 or more
Over-The-Limit Fee: None
Cash Advance Fee: 3%, minimum
Balance Transfer Fee: 3%, minimum, maximum

Credit Card Pros and Cons

Pros - Most Attractive Feature(s): No pre-set spending limit; additional miles at participating restaurants; various additional benefits and services to cardholders; bonus miles; card uses 'Average Daily Balance' method in determining finance charges, which is less costly when carrying occasional balances as compared to the "Two Cycles Average Daily Balance" method that is frequently used by Chase.

Those who can afford to pay in full each month (to avoid finance charges), currently fly with United Airlines (to combine earned miles with the frequent flyer program), and would like the additional travel services and discount certificates will benefit most from what the United Mileage Plus Signature Visa Card has to offer.

Mileage Plus Premier, Premier Executive, or Premier Executive 1K members, there is no limit to the amount of miles that can be earned. Miles do not expire as long as the cardmember earns or redeems miles within a three-year period.

The card offers a variety of additional cardholder benefits that include:

Various Internet account related services
Travel accident insurance
Emergency card replacement
Lost and stolen card reporting.
No liability for unauthorized transactions
Year-end financial statement (upon request)
Purchase protection
Extended warranty for purchases
Auto rental insurance (Auto Rental Collision Damage Waiver)
Various travel and emergency assistance services

Cons - Least Attractive Feature(s): Slightly high annual fee of above average APR for purchases; no introductory rate available. There is a yearly limit of 60,000 miles that can be earned.