Best Chase Credit Cards

Chase, which is part of JP Morgan Chase Bank is one of the largest financial institutions and has consistently been one of the top credit card providers. The company offers credit cards with high signup bonuses and robust rewards rates, but determining the right card for you will depend on your lifestyle and spending habits. Chase has no-annual-fee options, great signup bonus options, especially for travelers and solid points programs.

About Chase

JP Morgan Chase and Company is a financial service and banking holding company headquartered in New York in the United States. The bank is the largest bank by assets in the United States and is the 6th largest in the world with more than 2.5 trillion in assets. As of the beginning of 2018 JP Morgan Chase bank was the second largest bank in the world by market cap.  The company has multiple segments including their retail and credit card division, capital markets trading, wealth management, as well as investment banking and corporate finance. The company formed in 2000 when Chase Manhattan Corporation merged with J.P. Morgan and Company.  Chase has also merged with many other banks over the years, including Manufacturers Hanover, Chemical Bank, and Bank One. In 2004, JPMorgan Chase merged with Bank One Corp., bringing on board current Chairman, CEO and President Jamie Dimon as president and COO. Currently, Dimon is the Chairman and CEO of the JP Morgan Chase Company. During the height of the financial crisis, JP Morgan Chase purchased Bear Sterns to become one of the largest investment banks in the United States.

Discover the Best Credit Cards

Who Should Get a Chase Card?

Chase has a plethora of different types of credit cards, focusing on traveling, cash back, business as well as perks.  All of the Chase cards require that you have good to great credit. If you have fair or poor credit, there are other credit card issuers that will provide you with a basic card that will provide some perks. Chase is a trustworthy credit card partner and you won’t have to worry about the company defaulting. Most of the cards offered by Chase are geared toward earning rewards, but you will need to find the best card for your spending habits, as each of the credit cards chase offers has a different nuance.

Tips for Chase Credit Cards

Before you apply for a Chase credit card, it’s important to figure out what you want out of your card and evaluate your spending habits. Chase not only has several of its own robust reward credit cards, it also has a number of co-branded cards with some travel brands including airlines and hotel chains. If you use a specific airline or hotel chain often, then you should consider one of their co-branded cards. If you don’t Chase has some excellent reward cards that are geared toward travel. Chase also has cash back cards, so if you don’t travel a lot and spend money on everyday items, then there is a card issued by Chase that is right for you.

Chase Credit Card Types

Best Travel Cards

The best travel card that Chase offers is the Chase Sapphire Preferred card.  This card offers a robust sign-up bonus of 50,000 points when you spend $4,000 on purchases in the first 90-days of opening your account. The estimated value of this reward is approximately $625 toward travel-related expenses when you redeem your Chase Ultimate Rewards.  Additionally, you can earn 5,000 points when you add an additional user for a total of 55,000 bonus points.

The rewards that you can accrue are worth 25% more if you redeem your points through a Chase travel portal.  One of the benefits of the Chase Sapphire Preferred card is that there are no foreign transaction fees, which can save you up to 3% on a purchase that is made overseas or on the internet with a company that is outside the United States.

The card allows you to accrue 2-points for every dollar spent on travel and restaurants and 1-point on all other purchase made with the credit card.  Items that are categorized as travel-related include airline tickets and hotels, as well as taxis, Uber, rental cars, train tickets, and cruises.  One of the key benefits is that there is no cap on the number of rewards you can accrue and the rewards never expire. The Chase Sapphire Preferred Credit card has no annual fee in the first you which increases to $95 per year for subsequent years.  Additionally, the credit card will allow you to transfer your point to eleven different frequent traveler programs on a 1-to-1 basis.  This includes airlines such as British Airways, United, Virgin Atlantic, and Southwest Air. You can also transfer your rewards to hotel giants such as IHG Rewards Clubs, Marriott Rewards, The Ritz-Carlton Rewards and Hyatt.

The Chase Sapphire Ultimate Reward Credit card also offer perks such as travel protection. This allows you to eliminate stress if your plans get delayed or are canceled. Chase will reimburse you up to $10,000 for non-refundable travel reservations due to weather, sickness, and other covered situations.

Best Luxury Travel Card

If you like the Chase Sapphire Preferred Credit card you will love the Chase Sapphire Reserve Credit card is you are frequent fliers that like to fly several different airlines. This card gives you access to some of the most exclusive airport lounges, as well as TSA Precheck and Global Entry. The card also allows you to earn bonus rewards points on every travel purchase.

This card is a premium travel credit card with a $450 per annum fee that is not waved for the first year. Some of the benefits of this card include a Global Entry or TSA Precheck application fee credit, along with prior membership to over 900 global airport lounges. You can transfer your reward point to more than 11-hotel and airline travel partners on a one for one basis. The card allows you to earn 3-points for every $1 spent on travel and restaurants compared to the 2-points accrued on the preferred card. The card provides a robust 50,000 signup bonus which is worth approximately $750 in rewards, which easily offsets the $450 annual fee. The card offers travel protection and Primary Rental Car Coverage.
When you book travel reservation through Chase each point is worth $0.015.  You will also receive a $300 travel credit that can be used to offset any travel charge from airfare to a hotel stay as a statement credit.

Best Cash Back

Chase offers two different cash back credit cards, each is geared to a specific type of spender. The Chase Freedom are is a good cash back card for moderate spenders. The more you spend on the card, the less value you receive as a customer. Additionally, you also need to be a broad-based spender, where you are flexible and able to use the card in specific categories during certain quarters throughout the year.

The card offers no annual fee and a solid signup bonus of $150 after you spend $500 on the card within the first 90-days of opening an account. You will get a robust 5% cash back on rotating categories up to $1,500 in spending. The categories will rotate throughout the year each quarter. You will receive 1% on everything else and your designated category after you reach the cap. If you spend $1,000 per month on the card, and stick to the rotating categories for the quarter, reaching the cap, you can generate a return of 3%.  If you spend $2,000 per month, you can earn 2%.  Since there is a cap, the more you spend the worse your return.

The categories usually focus on grocery stores and drug stores, or gas stations and local transportation, or restaurants and movie theaters, or department stores. The Q1 2018 grouping included gas stations, internet, cable or phone, as well as purchases through Apple, pay or Chase Pay.

Chase Freedom Unlimited

If you are a large spender, the Chase Freedom Unlimited awards 1.5% cash back on all purchases. If you don’t spend much in specific categories and do not want to be bothered tracking your spending then this credit card is right for you. The cash back signup bonus is the same as the Chase Freedom card were you earn $150 on the first $500 you spend in the first 9-days as well as, $25 when you add an authorized user.

Best Airline Rewards Card

The Chase United MileagePlus Explorer Card

If you fly United and are loyal to the airline then the United MileagePlus Explorer Card is one of the best airline credit cards. The card provides you with several airline perks, such as priority boarding and free first checked bag.  The also boast no foreign transaction fees and rental car coverage. You will earn 2-miles per $1 spent on all United Flights. There are a robust 50,000 miles sign up bonus after you spend $3,000 during the first 90-days of opening the card.  You can earn an additional 5,000 miles by adding an authorized user. In addition, you can earn a bonus of 10,000 points after you spend $25,000 on the card each year. So in the first year, you can accumulate $115,000 miles with $25,000 of spending as long as you spend $3,000 during the first 3-months.

Award flights begin at 10,000 points for one-way economy fares. These rates are very reasonable. For example, you can fly round trip to Europe from the United States for 60,000 miles. You can also redeem your rewards through United Partners. The annual fee for the card is $95 and it is not waived during the first year. Interest rates are standard beginning at 14.4% and climbing to 24.4% based on your credit score.

Best Chase Credit Card for Hotels

Chase Marriott Rewards Premier is an excellent credit card for travelers who spend a lot of time in hotels. You can redeem your rewards with stays at Marriott’s, Ritz-Carlton or Starwood properties. The three chains provide access to approximately 5,700 resorts and hotels. The card provides a robust signup bonus of 80,000 points after spending $3,000 during the first 90-day of opening an account. In addition, you can increase the bonus by 7,500 if you add an additional user.

The card also offers a free night stay at certain Marriott’s on your anniversary night.  You earn 5-points for every $1 spent on Marriott and Starwood hotel stays. You earn 2-points for every airline ticket purchase or car rental along with restaurant visits. There are no foreign transaction fees which can say you up to 3% on purchases overseas or online purchases from companies that are abroad. The annual fee is $85 and isn’t waived the first year. The Marriott Rewards Premier Credit Card is one of the few hotel rewards cards that give you access to two of the best hotel rewards programs in the world.

What to Consider Before Choosing a Chase Card?

Before you choose a card you should evaluate your spending habits and determine which card is right for you. Chase credit cards require good to great credit, but whether you are a traveler that user’s specific companies or a traveler that have broad tastes in your service providers Chase has credit cards that fit your needs. Most of the travel card has annual fees so it is important that you map out your spending habits before you choose a specific Chase credit card.  Chase also has cash back flexibility providing a flat fee cash back card or a category specific cash back card.

Conclusion

You can apply for a Chase Credit Card online or on the phone.  Your credit score will be the largest contributor to the issuer’s determination if you qualify for any of their products.  Chase offers a wide range of credit cards that fit most spender’s habits.  If you are a traveler, their products are top of the heap, if you are looking for cash back, they are strong, but there are competitors that offer more.