Chase offers a range of consumer and business credit cards that target different customers based on rewards preferences and credit history. Below we offer our ranking of the “best” Chase credit cards:
Chase Consumer Credit Cards:
Chase Sapphire Preferred® Card – This $95 annual fee card recently beefed up its rewards (including 3 points per dollar on dining purchases and 5 points per dollar on travel purchased through Chase Ultimate Rewards®), making it attractive as an everyday credit card. It’s maybe even more attractive, though, as the foundation to a larger strategy of obtaining multiple Chase cards and combining points to redeem at a 25% premium through Chase’s travel booking site or to get access to Chase travel transfer partners including United, Southwest, Hyatt, Marriott and more.
NEW CARDHOLDER BONUS OPPORTUNITY: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. (Worth $750 in travel when redeemed through Chase Ultimate Rewards®.)
Chase Freedom Unlimited® – Why We Like It: Good cash-back on everyday categories, and a nice “catch all” reward rate on other purchases, with no annual fee. Earn 5% on travel purchased through the Chase Ultimate Rewards travel booking tool, 3% on dining at restaurants (including takeout and eligible delivery services), 3% on drugstore purchases, and 1.5% on all other purchases. INTRO OFFER FOR NEW CARDHOLDERS: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year). Could be worth up to $300 cash back 👀
Chase Sapphire Reserve® – Why We Like It: Despite a $550 annual fee, a frequent traveler can often find the value to justify that fee, including yearly travel reimbursements of up to $300, airport lounge access, good travel insurances, a 50% boost in reward point value when booking travel through Chase Ultimate Rewards, and a great list of travel transfer partners, allowing you to transfer points into the loyalty programs of Southwest, United, Hyatt, JetBlue, Marriott, and a number of international airlines. NEW CARDHOLDER BONUS OPPORTUNITY: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Ultimate Rewards®.
In terms of everyday rewards, each year after you’ve exhausted the yearly $300 annual travel credit, you’ll earn 5 points per dollar on flights purchased through Chase Ultimate Rewards, 10x points on hotels and car rentals through Chase Ultimate Rewards, and 3x points on other travel. Also, you’ll earn 3x points on dining right from the start, including restaurants, eligible delivery services, and takeout (and earn 10x if dining reserved through Chase Dining), and 1 point per dollar on all other purchases.
Chase Business Credit Cards:
Ink Business Unlimited® Credit Card – Why We Like It: Simple rewards formula with no annual fee, big bonus opportunity for new cardholders. EARN: 1.5% cash back on all purchases with the card. NEW CARDHOLDER BONUS OPPORTUNITY: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months after account opening.
Ink Business Preferred® Credit Card – Why We Like It: Your business earns a ton of rewards in common business categories, you get access to Chase’s valuable travel transfer partners or you can enjoy a 25% boost on the value of your points when you redeem them through the Chase Ultimate Rewards travel portal. And don’t forget a hefty bonus opportunity for new cardholders.
EARN: 3 Chase Ultimate Rewards points per $1 on the first $150,000 spent in combined purchases in the following categories each account anniversary year: Shipping purchases, Advertising purchases made with social media sites and search engines, Internet, cable and phone services, and Travel. You’ll earn 1 Point Per $1 on all other purchases. Annual fee: $95.
NEW CARDHOLDER BONUS OPPORTUNITY: Earn 100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening. That’s $1,000 cash back or $1,250 toward travel rewards when you redeem through Chase Ultimate Rewards®.
Ink Business Cash® Credit Card – Why We Like It: High reward opportunities (as high as 5%) on common small business categories, big new cardholder bonus opportunity, and no annual fee.
EARN: 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases.
NEW CARDHOLDER BONUS OPPORTUNITY: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months after account opening.
Other Chase Credit Cards:
Chase Slate Edge℠ – Why We Like It: No annual fee card offering a 0% intro APR for 18 months on purchases and balance transfers, allowing you to pay off purchases without interest charges for a good long time. After the introductory period, a variable APR of 18.74%–27.49% on balance transfers and purchases applies. Balance Transfer Fee: If transfers made within 60 days of account opening, fee is either $5 or 3% of the amount of each transfer, whichever is greater. After 60 days, either $5 or 5% of the amount of each transfer, whichever is greater. Chase also says you can “Get an automatic review for a higher credit limit when you pay on time and spend $500 in your first six months.” Also Important to Know: No rewards, but this card is generally seen as easier to be approved for than other Chase credit cards.
Author: Adam Jusko