Chase Visa rewards spenders, revolvers.

NEW YORK -- Chase Manhattan Corp. launched a credit card program that offers rewards based on both purchases and finance charges. The move comes just two weeks after AT&T Universal Card Services unveiled an incentive program that rewards cardholders for carrying balances.

The Chase CashBuilder Visa, has a variable 15.9% interest rate for purchases and 16.9% for cash advances, and does not have an annual fee.

For each month that the cardholder purchases $200 or more, Chase will put 1% of the total sales, including cash advances, in the reward plan. Also, each month the cardholder carries a balance, Chase will put 10% of their finance charges in the plan.

The money can be redeemed when the reward plan totals $500, or after three years.

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