University Of Florida Visa Credit Card Review
If you are a student or an alumni of the University of Florida, you should qualify for a University of Florida Visa credit card. The card itself is issued by Chase and comes with their Flexible Rewards Program. There’s not much special about this card, although it may appeal to present students due to the better chances of getting approved for one (and the generally lower APR).
This card offers one of the better interest rates for student credit cards, at either prime rate plus 5.99% or 9.99%. It comes with no annual fee and an introductory 0% APR for the first six months, applicable to both balance transfers and regular purchases.
Rewards points earned in the Flexible Rewards Program do not expire for up to 5 years, although there is a cap of 60,000 points you can accumulate for every calendar year. There are number of ways to redeem your rewards under the program, including:
Travel Items. To live up to the “flexible” name, the rewards can be redeemed for travel items in a variety of ways, including round trip domestic tickets and conversion into miles with three set airlines (Continental Airlines, United Airlines and British Airways).
Gift Cards. Make sure to wait until you get to 5,000 points, though, as the lower point exchanges for gift card are just plain bad deals.
Gift Items. Chase has a decent selection of items available.
Cash Rewards. The conversion rate of points to cash rebates is pretty bad, so avoid it if you can. A more interesting exchange might be to use points as a payment for other loans you have with the bank (you’ll need to consult with Chase for exact terms).
