Posts Tagged ‘chase bank’

Chase Bank HELOC Rates

The Chase Bank HELOC rates offer benefits that make a Chase home equity line of credit the premier choice when considering a home equity loan. Home owners have several options open to them when they find themselves in need of cash. The home is one of the greatest asset anyone will ever have and most of the time, a home is used as collateral for a loan.

A home equity line of credit works much in the same way as a home mortgage or deed of trust. In both cases, the homeowner takes a loan out from a bank or other institution which places a lien on the property. The only difference is that the home owner either gets the total sum of the loan upfront or can take out increments of the total loan amount during the term of the loan.

A Chase HELOC is a smart way to access funds for whatever you need like home improvements, consolidate credit card debt, sudden illness, weddings, or pay for private school or college tuition. The interest rate of the home equity line of credit is often based on the Annual Percentage Rate (APR) and is usually not fixed so it is pretty much guaranteed to go up on occasion. Chase has competitive rates and you can choose from either the Chase Best Rate Option or the Chase NO Closing Cost Option.

With the Chase Best Rate Option, you get the advantage of the lowest rate available and a flat fee closing cost of $399. The closing costs can be financed into your line, which means leveraging your home’s equity requires no out of pockets expense. As the name implies, by choosing the Chase No Closing Cost Option, you get a home equity line of credit and pay no closing costs. With Chase competitive rates, this option will help you get the home equity line of credit you need without paying any up-front costs. It is advisable you read and understand important Home Equity disclosures very well before you signing up. 

Visit Chase Online Banking to learn more about the Chase Bank HELOC rates.

Chase Cash Back Rewards Card

Experience unlimited cash back with Chase Cash Back Rewards Card. This is the Chase Freedom Credit Card, it has 0% intro APR and has no annual fee. 

This card features 3% bonus cash back offers in popular, rotating categories like gas, home improvements, and department stores. You will be eligible for quarterly bonus rewards offers as long as your account is not in default under, and/or you have not violated, the terms of your Card member Agreement and Rewards Program Rules and Regulations; and your statements are sent to a US address. Quarterly enrollment is required.

You can always earn a full 1% cash back on everywhere else. You will earn a 1% rebate for each $1 of net purchases. You will earn an additional 1% rebate for each $1 of eligible airfare net purchases made online through the program booking tool. There is no maximum number of rebates that you can accumulate in the program. A service fee of up to $20 per ticket may be charged for the use of the Chase toll-free number to book or change airline itineraries. Redemptions made online do not have a service fee.

When you shop online at select merchants through Chase, you earn up to 20% additional cash back. To use the Ultimate Rewards Mall, you must log into your account at the Chase website. Participating merchants and offers are subject to change without notice. Complete Ultimate Rewards Mall details will be provided online prior to shopping.

The length of your introductory period will be 6 billing cycles from account opening for purchases, and 12 billing cycles from account opening for balance transfers made with your response to the offer. APR is valid for introductory period so long as you comply with the terms of your account. Chase applies payments to introductory balances before balances with higher APRs. This means that the length of your introductory period may vary based on your payment amounts and the APRs for other balances on your account.

Visit Chase Online Banking for more details on this Chase Cash Back Rewards Card.

Chase Bank Student Loan Consolidation

The Chase Bank Student Loan Consolidation services are available to all students that are thinking about proceeding with this financial decision. Before initializing any changes, a student or previous student that has loans must first be aware of the nature of their loans.

For student loans that were issued between July 1, 1998 and June 30, 2006, the variable interest rate is set by the federal government. This rate can change each July 1^st of every year. The Stafford loans have an upper limit of 8.25% and the Plus loans upper limit of interest is at 9.00%. All loans that have been issued since July 1 2006 are at a fixed interest and cannot be increased or decreased.

The decision to consolidate all of your student loans must weigh in the factors of how it will affect your credit rating and the new interest you will have to pay. Paying off many loans simultaneously does place the responsibility on your shoulders to ensure this is done every month and on time, but is beneficial to your credit score. If the burden is too much or you have already missed a few payments, then consolidation might be your best option.

From the time you graduate or you are no longer enrolled in School, you have a 6 month grace period then 10 years of payments to repay all of the student loans that you took out must occur. The factors you need to consider in this process are the interest rate and the payback time. Just because the interest rate might be higher than what you are presently paying does not mean it will cost you more if the payback time is short enough. Do the math and see which path is the least expensive for you.

If you are unsure of what to do Chase online banking is available 24/7 to assist you with this process and help you make an informed decision whether a Chase Bank Student Loan Consolidation is the right step for you to take.

Chase Bank Bonuses

The Chase Bank bonuses are still not advertised on their website but are still there for certain new checking accounts that will be opened. The personal checking bonus promo has just recently been concluded but there are still some checking bonus promos that are still in effect.

 Opening a new Business Checking account has a $200 banking bonus promo. This requires a minimum deposit of $500 of new money. Opening a new College Checking account has a $50 banking bonus promo. This requires a minimum opening deposit of $25 of new money. New money deposits mean that the money is not currently held by Chase or any of its affiliates. The corresponding bonus will be deposited into your account within 10 days of confirming that the minimum initial deposit is in the account. There is a limit of one checking bonus per customer, per calendar year.

A promotional code need to be presented when you open these particular checking accounts either online or in person. These promotional coupon codes can be obtained through the Chase Online Banking website. Click the “Checking” link found in the homepage which will bring you to the Checking overview page. By clicking on the green “Need to redeem coupon?” button, you will then be issued your own promotional code. You can then proceed to apply online or in person for the checking account with banking bonus once you have this promotional code.

The Business Checking banking bonus promo ends 01/31/2010, and the College Checking banking bonus promo ends on 02/27/2010.

There are also bonus points that you can earn with Chase credit cards plus a $50 cashback with Chase Freedom.

Visit Chase Online Banking or a branch nearest you for more details on the Chase Bank bonuses.

Chase $100 Check Account Bonus

The Chase $100 Check Account Bonus has been a promotional offer that this financial institution has used several times over the past couple of years. The last time this promotion was run was in October of 2009. At the present time, all links that were associated with this offer show up at the Chase online banking site listed as cannot be found.

Each time this $100 bonus is offered for opening a checking account, there are several requirements. There must also be at least one direct deposit transaction each billing cycle and the ATM card used a minimum of 5 times. If the direct deposit is stopped for any reason, Chase will charge the account a $6 monthly maintenance fee.

The bonus also will not be awarded until 10 days after the first direct deposit has taken place. After which the account must stay open and active for a period of 6 months.

The use of any Chase or participating bank ATMs are free. However, if an ATM from another institution is used, the account will be charged a $2 service fee per transaction by Chase.

Once this promotional offer is active again, a coupon must be printed up and taken to a local Chase Bank branch office for a customer to take advantage of this deal.

This is not the only cash back bonus offer from Chase. They have a $125 promotional offer from time to time. Both have advantages and restrictions.

Be ready the next time Chase $100 Check Account Bonus becomes available and take advantage of it.

Chase Bank Loan Modifications

The Chase Bank Loan Modifications is a program to help those that are having trouble making their mortgage payments the opportunity to restructure their mortgage and keep their house from being repossessed. This is a great program that will stop a foreclosure from occurring on your principal residence.

This loan modification program was started on January 31, 2009 and will expire on January 31, 2011. Under this program, only mortgages owned by JP Morgan or any of its subsidiaries are eligible. This includes Chase, JP Morgan, Washington Mutual, and EMC Mortgage Corporation.

This program has several requirements including a present hardship in making the current mortgage payment. This hardship package must include a hand-written or typed statement clearly stating the hardship. Included with the statement must be tax returns, current and past pay stubs, bank statements for checking, savings, and any investments like CDs and any other financial statements you may have.

The types of loans that qualify for modification are adjustable rate mortgages, subprime rate mortgages, and Option ARM loans.

To qualify financially, the homeowner must be able to afford a debt ratio of 31% to 40%. Simply put, they must be able to pay 31% to 40% of their monthly income towards their mortgage payment.

By going to Chase Online Banking, homeowners can find the Chase Homeowner Center and receive help with their mortgage. There they will inform you where to start and what is needed to modify your mortgage.

The Chase Bank Loan Modifications program has saved over 750,000 homes from foreclosures so far.

Chase Bank Facebook App – Chase Community Giving

Chase Bank has just created a new Facebook App focused on its Chase Community Giving initiative.  This Chase Bank Facebook app allows you to vote for which charity should receive Chase charitable donations.  Chase Online Banking has pledged to donate $5 million dollars to community charities and with this Facebook app we now have a say in which local charities should receive a donation.

Local charitable organizations and local charitable donations are a huge part of the safety net for people who are down on their luck.  It is cool that Chase Community Giving is allowing us to vote on which charities are deserving of a donation.

One of the hardest things for companies to figure out is what charities are doing the best work in communities.  I hope that a democratic vote will help the best local charities rise to the top so that they can get more money to help those in need.

With the Christmas season here, I hope that all of America’s charities get lots of donations.  One of my favorite charities is the Salvation Army.  It always provides necessities to the indigent.  As soon as I hear that bell, I know that Christmas is here.

Hopefully, the Chase Bank Facebook App will help these great local charities.  You can check it out here – Chase Facebook App.