AMTRAK GUEST REWARDS MASTERCARD


Features of the Amtrak Guest Rewards MasterCard

This is a MasterCard offered by Amtrak and powered by Chase. It is presented in 2 types, World and Platinum card. The difference is based on the cardholder’s creditworthiness and is in form of different annual percentage rates. The cards do not require annual membership fee. The applicants are firstly considered for the World MasterCard and if they are not accepted they receive an offer for the Platinum card.
The annual percentage rates are again based on the prime rate, published in The Wall Street Journal. The World Amtrak Guest Rewards MasterCard has a purchase annual percentage rate of 14.24%, the same as the percentage rate for balance transfers. For the Platinum card the percentage is either 16.24% or 19.24% depending on the applicant’s credit record. These percentages are applicable to the balance transfers as well. Cash advances and overdraft advances are charged with an annual percentage rate of 19.24% for both types of cards.
Penalty APR will be applied in cases of infringements of the cardholder agreement. Such as late payments, returned payments or exceeding the credit limit, imposed to the card. In such cases the annual percentage rate will increase up to 29.99%. The increase will be indefinitely.
Penalty fees are required when a cardholder makes a violation of the agreement. These include a penalty fee for failure to make a payment when it is due, a fee for a payment which has been returned unpaid, fee for returned check and for excess of the credit limit.  The penalty fees are dependable on the number of violations committed by the card member. For a single violation of any type the fee is $25. If another one is committed within 6 months the fee will increase to $35. Only the World Amtrak Guest Rewards MasterCard is free from over-the-credit-limit fee.
The transaction fees required for this type of credit card are standard for Chase. For balance transfers the cardholder owes at least $5 or 3% of the sum. For cash advances the fee is the greater of $10 or 3% of the amount and for any foreign transaction it is 3% of sum.

Benefits of the Amtrak Guest Rewards MasterCard

Having the Amtrak Guest Rewards MasterCard the cardholder receives a Guest Rewards account and starts to collect reward points every time he/she makes an eligible net purchase. 2 points are earned per $1 of net purchases at Amtrak. One point per $1 is collected for purchases elsewhere. The program does not limit the amount of points which can be collected and the points are not a subject of expiry. Reward points can only be accumulated from purchases, and not for cash advances, foreign transactions, checks or balance transfers.
For every new card member the company offers a one-time bonus promotion of 12000 points after the first transaction done with the card. This includes any purchases, balance transfers, checks or foreign transactions, cash advances are not included.

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