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By Jennifer Dewalt, CardTrak.com

Sprint and Chase have teamed to launch a co-branded rewards cards that offers a full 1% cash rebate. The new "Sprint Rewards VISA" rewards cardholders with two points for every dollar spent on Sprint purchases and one point for every dollar spent on all other card purchases. After accumulating 2,500 points, cardholders can redeem them for a $25 personal check, a $25 "Sprint Gift Check," which can be used toward Sprint products and services, or a "$25 Gift Certificate" from select merchants, including gas stations, restaurants and other retailers. The new card offers a six-month 0% APR on purchases and balance transfers. The go-to APR equals the prime rate plus 6.99%, 8.99% or 12.99% depending on the applicant's credit score. For more information visit: www.sprintrewardscard.com