Nearly half of all U.S. households do business with Chase. While a popular credit card issuer, the company also offers personal and business banking accounts, mortgages and loans, investments and private client services for high net worth customers.
Chase is a part of JPMorgan Chase, one of the oldest financial institutions in the country. Its history dates back to 1799, when many of its founding institutions were established in New York City. Today, JPMorgan Chase serves clients globally and has assets of more than $2.6 trillion. Read more
JPMorgan Chase is still headquartered in New York City today, but it operates nearly 4,900 Chase branches to provide personalized service to customers. For consumers who aren't near a branch, the bank offers easy access to accounts online and via mobile apps.
CardRatings has named several Chase credit cards to its best credit cards of 2020 lists, including:
Chase provides more than two dozen credit cards. These include cards for business, travel and cash back. The Chase Sapphire Preferred® Card (This card is not currently available on CardRatings) is considered by many to be one of the most valuable travel cards available. It gives cardholders access to Chase Ultimate Rewards®, where they can book travel or transfer points to other rewards programs. New cardholders can also earn a welcome bonus worth up to $750 in travel.
For cash back, the Chase Freedom® (This card is not currently available on CardRatings) is a popular choice thanks to the 5% cash back it offers on purchases in rotating quarterly categories (up to a spending cap each quarter). Ink Business cards offer rewards for small business owners along with perks such as free employee cards and account monitoring tools. An added benefit of the cards above, as well as many other Chase credit cards, is that they have no or a low annual fee.
Chase cards compare well against the following cards from other banks:
When it comes to earning rewards, the Citi Rewards+℠ Card and Chase Sapphire Preferred® Card are similar. With the Citi Rewards+℠ Card, you'll earn 2X at Supermarkets & Gas Stations for the first $6,000 per year and 1 point per $1 spent thereafter. The Chase Sapphire Preferred® Card, on the other hand, earns two Ultimate Rewards® points per $1 spent on travel and dining purchases and one point per $1 spent on all other purchases. With the Citi Rewards+℠ Card you’ll earn rewards in everyday categories rather than travel and dining.
The Chase Sapphire Preferred® Card, however, offers new cardholders a much more valuable bonus. You can earn 60,000 bonus points after spending $4,000 on purchases within the first three months of opening an account worth up to $750 when redeemed for travel through Chase Ultimate® Rewards. The Citi card offers new cardholders a bonus of 15,000 bonus points when spending $1,000 on purchases in the first three months (worth $150 in cash redemption value). One thing you'll need to keep in mind before you choose between these two cards is that the Chase card has a $95 annual fee, while the Citi card has no annual fee. Citi is a CardRatings advertiser
The Citi® Double Cash Card - 18 month BT offer is similar to the Chase Freedom® and Chase Freedom Unlimited® in that all are cash-back rewards cards, but their rewards can be used as travel rewards as well. The way they earn rewards is, however, quite different.
With the Citi® Double Cash Card - 18 month BT offer, you can double your cash back when you use your card. You earn an unlimited 1% cash back when you make the purchase, and an additional 1% when you pay for your purchase.
The Chase Freedom Unlimited® awards a flat rate of 1.5% cash back on all your purchases, which is slightly lower, but it is an automatic rewards rate. Furthermore, there's a nice 5% cash back at grocery stores (excluding Target and Walmart) up to $12,000 spent during your first year. And, if you don't mind rotating quarterly categories, you can earn 5% cash back on up to $1,500 in combined purchases in quarterly bonus categories and 1% on all other purchases with the Chase Freedom®.