Editor’s note: Before you make any decisions regarding credit cards, please make sure you understand money expert Clark Howard’s philosophy regarding them!
Chase is one of the largest and most well-known credit card issuers in the United States. Many of their credit cards have been named as the best credit card for their respective card categories (like Introductory or Rewards rates).
When it comes to choosing the best Chase credit cards for you, there is no one-size-fits-all card out there. Everyone has different needs and purchasing habits and credit scores will greatly impact the credit card they can get approved for. However, there are some important features to look for in a credit card, like:
- 0% or low introductory interest rate
- Low ongoing interest rate
- Rewards rate
- Minimal fees (such as the annual fees)
Chase Ultimate Rewards Program
Chase is well-known for its Ultimate Rewards program that comes with some of its rewards cards: Chase Sapphire Reserve®, Chase Sapphire Preferred® Card, Chase Freedom FlexSM, Chase Freedom Unlimited®, Ink Business Preferred® Credit Card, and Ink Business Cash® Credit Card. There are two ways you can transfer Ultimate Rewards points:
- Transfer between two accounts where you are the primary account holder
- Transfer between accounts where you are the primary cardholder on one, and someone else is the primary cardholder of the other account
Some Chase credit cards are cashback cards, but they are still part of the Chase Ultimate Rewards® program. These include the Chase Freedom Flex, Chase Freedom Unlimited and Ink Business Cash Credit Card. Cardholders should consider converting their cash-back points to Ultimate Rewards points if you want to get more value out of your points (when redeemed directly for travel or transferred to certain partners), to reach a certain redemption threshold, or if you intend to cancel a card and want to keep your points.
If you’re in the market for a new credit card and considering Chase, here are some of our favorite cards based on the above features for consideration. For the purpose of this article, we are only focusing on consumer credit cards and not business credit cards.
Best Chase Credit Cards
For foodies & frequent travelers: Chase Sapphire Preferred® Card
Like many of the cards listed below, this credit card has remained one of the top rewards credit cards in the market since it was first introduced. It’s a great credit card for foodies and frequent travelers who also have excellent credit. It does not offer any introductory rates, so the value is in the sign-up bonus, rewards rate and rewards flexibility.
New cardholders can earn 60,000 bonus points after spending $4,000 on purchases within the first three months of account opening. The introductory bonus points alone can be valued at $750 when redeemed through Chase Ultimate Rewards®! From there, cardholders can earn a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, along with 3X points on dining and 2X points on all other travel purchases. The annual fee is $95.
The Chase Sapphire Reserve® is similar to the Sapphire Preferred, except it offers 5X points on flights and 10x points on hotels and car rentals when purchased through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. In addition, it offers 3x points on other travel and dining & 1 point per $1 spent on all other purchases. It also comes with a higher annual fee of $550.
For people who like cash back: Chase Freedom FlexSM
What’s not to love about the Chase Freedom Flex? Whenever I see someone pull this card out of their wallet, I know they’re savvy with credit card rewards. Chase Freedom Flex is perfect for cardholders that would like to earn bonus points on purchases in popular rotating categories such as gas, groceries and restaurant purchases.
The Chase Freedom Flex℠ credit card offers 0% Intro APR on Purchases for 15 months. Afterwards, the Variable APR will be 19.24% – 27.99%, based on creditworthiness.
It also offers 0% Intro APR on Balance Transfers for 15 months. Afterwards, the Variable APR will be 19.24% – 27.99%, based on creditworthiness.
New cardholders can earn a $200 Bonus after spending $500 on purchases within the first three months of account opening and can earn 5% cash back on up to $1,500 in combined purchases in rotating quarterly categories. There also are permanent bonus spending categories in dining (3%), drug store purchases (3%) and travel purchased through Chase Ultimate Rewards (5%). All other purchases will earn a flat 1% cash back.
If you aren’t a big fan of rotating categories, check out the Chase Freedom Unlimited® that offers most of the same rates explained above, except cardholders can receive 6.5% cash back on travel purchased through Chase Ultimate Rewards®, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants (includes takeout and eligible delivery service), and 3% on all other purchases (on up to $20,000 spent in the first year). After the first year or $20,000 spent, receive 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants (includes takeout and eligible delivery service), and unlimited 1.5% cash back on all other purchases. Both Freedom credit cards come with no annual fee.
Opening a new credit card with Chase or any other major card issuer can be a great way to protect the financial information of your personal bank account in the event of fraud or theft, and to earn rewards on purchases you already make. If you intend to carry a balance on your new credit card, forget everything about why you should have one of the best Chase credit cards. For you, it would be best to focus on paying down debt and learning to become a financially responsible cardholder.