Chase Credit Card

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Chase Bank, the full name of which is JPMorgan Chase Bank, N.A., is an American bank that provides retail financial and card services. This bank is well-known for its retail business, as it offers quite a large number of various credit cards. This article will help you to choose the right Chase credit card for you, as it appears to be not that easy task. Our guide will help you navigate through various types of Chase credit cards, understand their features, advantages and disadvantages.

Types of Chase Credit Card

In this article, we will analyze and uncover the main 5 types of Chase credit cards. Indeed, each of them has certain advantages and drawbacks, and this article will help you make up your mind regarding which card would be suitable for you. We have to recommend you, however, to assess your needs and capabilities adequately – this will help you ensure to have a right card chosen.

Chase Credit Card

Chase Slate Credit Card

Annual fee: $0.

APR for purchases: from 16.24% to 24.99% variable.

Credit card highlights:

  • $0 balance transfer fee during the first 60 days after opening your account.
  • No penalty APR, which means that you will not get punished with a higher APR if you pay late.
  • 0$ introductory APR on balance transfers and purchases during the first 15 months.
  • Purchase and price protection.

What makes this Chase credit card stand out among others is its key perks: a 15-month period with zero percent APR and a 60-day introductory period, during which you will be able to transfer funds for free. Actually, these two features (especially the latter one) make this Chase credit card stand out among other similar products, available on the market. Simply put, this card will be perfectly suitable for individuals who are going to transfer large sums of money within the first 60 days.

Even though the 0% introductory period for balance transfers tends to be highly competitive, it comes at a cost. In particular, Chase Slate credit card allows its holders to enjoy a far shorter 0% introductory APR period – a 15-month long period is quite a low offer, given that other cards typically offer from 18- up to 24-month long periods.

There is a particular aspect that differentiates the Chase Slate credit card from other cards with an introductory free balance transfer period. While many of such cards become pretty useless after the introductory period ends, there is a reason for the customers of Chase to keep the Chase Slate credit cards. This card provides two very useful features to its customers: price and purchase protection.

Have you ever encountered a situation when a product you recently bought was sold on sale with a huge discount? The price protection feature from Chase Slate credit card means that if such an occurrence happens and you found the same product advertised for a lower price within 90 days after your purchase, Chase Bank will cover up to $500 of the price difference (up to $2,500 per year).

The purchase protection is a very useful feature either. If you have purchased a product and it was stolen or got broken (or some misfortune happened to it) within 120 days after the purchase, Chase Bank will reimburse its cost (up to $500 per claim and up to $50,000 in a year). After all, this Chase credit card also offers an additional warranty for the goods you purchase. If you have purchased a laptop with a 2-year warranty, Chase Bank will prolong it for a third year (though, this feature doesn’t work with warranties of 3 years or longer).

Chase Freedom Credit Card

Annual fee: $0.

APR for purchases: from 16.24% to 24.99% variable.

Credit card highlights:

  • Cash back rewards do not expire as long as your account is open.
  • You will receive a $150 bonus if you spend $500 on purchases in the first three months.
  • 5% of cash back in rotating categories every quarter.
  • Automatic 1% cash back on all other purchases.
  • 0% introductory APR during the first 15 months on balance transfers and purchases. After this period, the balance transfer fee is 5% with a minimum sum of $5.
  • No minimum to redeem your cash back rewards.

The Chase Freedom credit card appears to be among the best ones with no annual fee. Actually, there are several reasons to consider applying for this Chase credit card. First of all, an introductory $150 bonus (if you spend $500 within the first three months) is quite a good incentive. Secondly, you get a 5% cash back on the rotating categories that you choose.

However, there is a downside to this card as well. While you get a cash back of 5% on the categories you choose, you are left with just 1% of cash back on all other categories – that is far lower than what other cards offer.

Cash back of this card works in a following way: Chase chooses specific retail brands or product categories that fall under its 5% cash back program every quarter. Once you have done it, you will be able to purchase goods of those categories with a 5% cash back, which may be up to $1,500 (so you can get $75 of cash back).

Chase Freedom Unlimited Credit Card

Annual fee: $0.

APR for purchases: from 16.24% to 24.99% variable.

Credit card highlights:

  • Cash back rewards do not expire as long as your account is open.
  • You will receive a $150 bonus if you spend $500 on purchases in the first three months.
  • Automatic 1.5% cash back on all other purchases.
  • 0% introductory APR during the first 15 months on balance transfers and purchases. After this period, the balance transfer fee is 5% with a minimum sum of $5.
  • No minimum to redeem your cash back rewards.

This Chase credit card is among the best performing cards on the market. When having this card, you get a 1.5% cash back on any purchases you make (which is far higher than the market average) and a solid bonus of $150 (if you spend $500 within the first three months). Both of these perks make this Chase credit card especially lucrative. Besides, it belongs to the Chase Ultimate Rewards family of cards, which means that the cards can be paired in order to get additional benefits.

In view of the written above, Chase Freedom Unlimited Credit Card will be perfectly suitable for the holders of Chase Sapphire Preferred Card or people who want to receive rewards for their varied spending. On the other hand, we don’t recommend to apply for this card for those people who want to use it outside the United States. Also, people who have applied (and receive them) for 5 or more cards within the last 2 years shouldn’t apply for this card either. This Chase credit card can be obtained only via a phone call to the Chase Bank or in one of its offices.

Chase Sapphire Preferred Credit Card

Annual fee: $0 during the first year, $95 during the next years.

APR for purchases: from 17.24% to 24.24% variable.

Credit card highlights:

  • No travel restrictions or blackout dates.
  • No fees for foreign transactions.
  • The program that allows you to collect points and redeem them during your travels.
  • Extra deals on cruises, car rentals, hotels, and airfare.

This Chase credit card is ideal for travelers, whereas it offers high rewards on dining and travel. For instance, you will earn 50,000 bonus points if you spend $4,000 within the first three months. Later, those 50,000 bonus points can be redeemed during your travel, and those bonus points are worth $625. Besides, you will earn twice as much bonus points during your travels and while dining in restaurants. Besides, this card is a part of the Chase Ultimate Rewards program, so you can combine it with other cards.

On the other hand, you will have to pay an annual fee of $95 after the intro period (the first year) ends. This makes this card barely valuable for those people who spend less than $10,000 per year and rarely travel. Yet, Chase Sapphire Preferred Credit Card tends to be a perfect choice for reward maximizers, whereas it offers a broad array of lucrative deals and options.

Chase Sapphire Reserve Credit Card

Annual fee: $450.

APR for purchases: from 17.24% to 24.24% variable.

Credit card highlights:

  • No travel restrictions or blackout dates.
  • The program that allows you to collect points and redeem them during your travels – you receive quite more points than with Chase Sapphire Preferred.
  • Extra deals on cruises, car rentals, hotels, and airfare.
  • Access to more than 1,000 lodges at airports after you enroll once in the Priority Pass Select.
  • $300 Annual Travel Credit charged to your account as a reimbursement for purchases made on travels.

This Chase credit card is, perhaps, the best card issued by this bank. Indeed, its annual fee is $450, but it’s pretty worth it. Even though Chase Sapphire Reserve Credit Card also offers the customers to get extra bonus points for their purchases during travels and for dining at restaurants, the customers get x3 (instead of x2) bonus points! All other bonuses that enjoy the holders of the Chase Sapphire Preferred Card are also applied here (described above).

All in all, this Chase credit card can deservedly be named among the best credit cards by the Chase bank. Individuals who want to maximize their rewards and often travel can apply for this card right away. Yet, this card is not good enough for those people who are looking to take advantage of many elite and brand-exclusive perks.

Also, we recommend you to explore other credit card offers.

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