Chase is a massive bank with a diversified selection of products and services. Their business is broad, but a core focus for JPMorgan Chase has always been consumer credit products. They offer some fantastic credit cards, ranging from premium rewards cards to basic cards for students. Let’s take a look at the best Chase credit cards in the guide below!
Chase is actually the largest bank in the US by assets. Their sheer size allows them to offer some of the best credit cards on the market. They have many different products, so to find the best Chase credit card for you, it’s important to consider the specific type of card you’re looking for.
We’ve broken this list down into categories, to help you find the best credit card from Chase that works for your needs and desires.
Best Chase Credit Card for Travel: Sapphire Reserve
Credit Needed: Excellent
Signup Bonus: 50,000 miles after spending $4,000 in 3 months (worth $750 towards travel)
Rewards: 3x points on travel and dining; 1x points on all other purchases
Perks: $300 annual travel credit, airport lounge access, travel & purchase protection, much more
The Chase Sapphire Reserve is a premium credit card, and without a doubt the best Chase card for travelers. First and foremost, let’s talk about that whoppin’ $550 annual fee…
Although the annual fee is high, the card comes with a $300 annual travel credit that’s good for any sort of travel – even just parking. Since you should be able to easily use this credit every year, it basically lowers the effective annual fee to about $250 a year. Which is still a high fee for a credit card. If you’re a frequent traveler, this card is a great money tool for international travel and can definitely save you money in the long run. But if you’re not a traveler, this card is definitely not for you.
The card has a goldmine of perks for frequent travelers: airport lounge access via Priority Pass, 3x points on travel and dining worldwide, 50% bonus on travel redemption values, Global Entry fee credit, and MUCH more. Points on this card are quite valuable – worth a minimum of 1.5 cents per point when redeemed for travel. So, that 50,000 point signup bonus is equivalent to a $750 plane ticket – and the 3x points on travel and dining actually means more like 4.5% back in travel credits (making it one of the best credit cards for restaurants).
Note: If the high annual fee doesn’t make sense for your needs, the Chase Sapphire Preferred is still a great card, with a much more reasonable $95 fee. Also, keep in mind that Chase is currently offering a $100 discount on the Reserve’s annual fee, due to the ongoing COVID-19 outbreak. We do not know how long this will last, however.
Best Chase Credit Card for Cashback: Freedom Unlimited
Annual Fee: None
Credit Needed: Good
Signup Bonus: $200 after spending $500 in the first 3 months
Rewards: 1.5% cashback on all purchases
Perks: 0% intro APR for 15 months; purchase protection; extended warranty protection
The Chase Freedom Unlimited is the best cashback credit card from Chase. It’s a simple but great card and useful for an “everyday carry”. It has no annual fee and earns a flat 1.5% cashback on ALL purchases, with no cap. There’s even a $150 signup bonus, which is rare for a no-annual-fee card.
We ranked the Freedom Unlimited as one of the best no-fee credit cards for everyday use. It certainly doesn’t have as many bells and whistles as the premium Sapphire cards – but it also doesn’t have an annual fee! If you’re looking for a simple, flat-rate option, this is a great way to go.
Plus, keep in mind that this card actually earns Chase Ultimate Rewards points. While these points can be redeemed for cash back, you can also use them for travel expenses, which often results in a better deal overall.
Note: The original Chase Freedom is another good, similar option to consider.
Best Chase Credit Card for Low Credit: Slate
Annual Fee: None
Credit Needed: Average
Signup Bonus: None
Perks: 0% intro APR for 15 months; $0 balance transfer fee for first 60 days; free FICO score
The Chase Slate is a much easier card to get approved for than the others on this list. It’s also great for people with existing credit card debt who are looking to save money on interest, and/or simplify their finances.
When you sign up for Slate, you’ll get a 0% intro APR for the first 15 months. This applies to purchase and balance transfers. And for the first 60 days, you can transfer over balances from other credit cards for no fee – and still enjoy the 0% APR. So, if handled right, this card could save you some significant money on interest. After the initial promo offer, there is a 5% balance transfer fee.
With that said, there’s no signup bonus, no cashback rewards, and no significant perks. Still, the initial low APR and relative ease of getting this card make it a solid choice. This is probably the best Chase credit card for students, as well, as they have no specific card targeted at students.
Things to Know About Chase Credit Cards
- If you have lots of credit cards, you should be aware of the Chase 5/24 rule before applying for a new card. The rule essentially states that you won’t be approved for a new Chase card if you have opened 5 or more credit cards in the last 24 months.
- Many Chase cards are somewhat difficult to get approved for if you don’t have great credit. If you get denied, find out what to do in this guide.
- Some of the best Chase credit cards have large minimum spending requirements – check here for easy ways to meet minimum spend.
- Chase has many other great credit cards that aren’t listed here – like the Marriott Premier Plus, United MileagePlus Explorer, and Ink Business Preferred, just to name a few! See all Chase credit cards right here
Intro to Chase Ultimate Rewards
Chase has their own rewards program, called Ultimate Rewards. Many of their credit cards, including the Freedom, Freedom Unlimited, Sapphire Preferred and Sapphire Reserve, all earn Ultimate Rewards points.
Ultimate Rewards Points are a flexible rewards currency that can be used for a wide variety of rewards. Here are some of the most common uses:
- Redeem for flights through the Chase travel portal
- Transfer to travel partners, converting your points into airline miles
- Redeem for gift cards to one of 150+ retailers and restaurants
- Shop for Apple products using your reward points
- Convert to cash back, in the form of a statement credit or a bank transfer
- Enjoy exclusive experiences and activities
- Shop with points directly on Amazon.com
- And much more!
Generally speaking, you will get the most bang for your buck by using Ultimate Rewards for travel expenses. With that said, there are tons of great uses for non travelers, as well. Personally, I usually use my Ultimate Rewards points for flights, both through Chase’s travel portal, and by transferring to partners like United Airlines. How do YOU use your Ultimate Rewards points?
What is YOUR favorite Chase credit card? Let us know in the comments!