Best Chase Credit Cards for 2020

Chase offers credit cards that yield ample rewards in areas such as travel, cash back and business. Your best option is the one that specifically meets your needs. Our experts have done the research to help you find the Chase card that best suits your goals and lifestyle for the year 2020, and beyond.

Best for all-around travel

Chase Image

Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On Chase's secure website

Chase Sapphire Preferred® Card

Rewards Rate:
Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel. 2X points on travel and dining at restaurants worldwide. 1 point per dollar spent on all other purchases.
Welcome Offer:
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
Annual Fee:
$95
Purchase Intro APR:
N/A
Balance Transfer Intro APR:
N/A
Regular APR:
15.99%-22.99% Variable

Card Details

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Terms and Restrictions Apply

Best for luxury travel

Chase Image

Recommended Credit Score

Excellent (740 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On Chase's secure website

Chase Sapphire Reserve®

Rewards Rate:
3X points on travel immediately after earning your $300 travel credit 3X points on dining at restaurants 1 point per $1 spent on all other purchases
Welcome Offer:
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee:
$550
Purchase Intro APR:
N/A
Balance Transfer Intro APR:
N/A
Regular APR:
16.99%-23.99% Variable

Card Details

  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21.
Terms and Restrictions Apply

Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Author: Barry Bridges | bbridges@bankrate.com


What you need to know about Chase credit cards

Chase offers several credit card options for different needs. But the most important thing to consider is how your most ideal Chase card can best enhance your current financial situation. Just as Chase has strategically designed credit cards for maximum value, you need to approach your card selection process just as strategically. Here is a deeper dive into our favorite Chase cards, and some tips on how you can make them work most in your favor.

What is the Chase financial company?

JPMorgan Chase & Co. is a global financial services firm based in New York City. With a history that goes back more than 200 years, Chase is one of the oldest financial institutions in the United States.

Services provided by Chase include banking, asset management and financial transaction processing. Chase is recognized as an industry leader in digital banking, thanks in part to the popularity of the Chase Mobile® app.

The firm is also among the country’s largest credit card issuers. Here are some highlights of Chase’s credit card business listed in a 2019 investor relations document:

  • Number one in total U.S. card sales volume
  • 40 million active credit card accounts in 2018
  • 8 million new accounts in 2018

Chase offers several different types of credit cards, including cards for cash back, balance transfers, travel rewards and business rewards.

Why choose Chase as your credit card issuer?

In addition to the cards themselves, Chase offers cardholders an array of notable rewards and loyalty programs including Chase Ultimate Rewards®. Outside of rewards, a lot of benefits come with having a Chase card. Some Chase cards include the following:

  • No foreign transaction fees
  • Extended warranties
  • Fraud protection
  • Purchase protection
  • Return protection
  • Trip cancellation/interruption insurance
  • Primary auto rental collision damage waiver
  • Lost luggage reimbursement
  • Trip delay reimbursement
  • Emergency evacuation and transportation

According to its website, Chase “serves nearly half of U.S. households with a broad range of products.” As a massive international bank, Chase can connect cardholders with a host of financial services and products to which smaller issuers may not be privy. Cardholders can leverage their relationship with the bank for mortgages, auto loans, investment vehicles and more.

Chase Online allows members to handle all their financial transactions in one secure location. Chase Mobile offers mobile access, including mobile deposits and payments — which makes being a Chase cardholder a convenient way to go.

Bankrate’s top picks for Chase credit cards

Card Name Best for Bankrate Review Score
Chase Freedom Unlimited® (not currently available) Flat-rate cash back 4.6 / 5
Chase Sapphire Preferred® Card All-around travel 4.7 / 5
Chase Freedom® (not currently available) Rotating cash back bonus categories 4.5 / 5
Chase Sapphire Reserve® Luxury travel 5.0 / 5
Chase Ink Business℠ Unlimited Credit Card (not currently available) Best small business owner 4.8/5
Chase Ink Business℠ Cash Card (not currently available) Best for everyday business purchases 4.8/5

A closer look at our top-rated Chase cards

Chase Freedom Unlimited®: Best flat-rate cash back card (not currently available)

With the Chase Freedom Unlimited, you’ll earn 1.5% cash back on all eligible purchases, unlimited. The sign-up bonus is $150 after you spend $500 on purchases in your first 3 months. Plus, the card offers a competitive balance transfer and intro APR offer. If you’re looking for a simple way to earn cash back rewards, look no further. The Freedom Unlimited also acts as a great supplemental card to the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve.

Pros:

  • Earn unlimited 1.5% cash back on all eligible purchases.
  • Take advantage of 0% APR for 15 months on new purchases and balance transfers (14.99% – 23.74% variable APR applies after the intro period ends).

Cons:

  • Quite a few cards offer higher rewards rates.
  • The balance transfer fee of 3% ($5 minimum) on transfers completed within 60 days of account opening, 5% fee ($5 minimum) thereafter.

Read our full review and find out how to apply. 

The information about the Chase Freedom Unlimited has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Chase Sapphire Preferred® Card: Best all-around travel card

This card’s generous rewards, stellar sign-up bonus and low annual fee are hard to beat. It’s a solid card for people scared off by the Chase Sapphire Reserve’s big annual fee but who still want decent travel rewards. If you’re looking for an everyday, low-fee travel card with great perks, this card is ideal. It’s especially useful if you’re comfortable using the Chase Ultimate Rewards portal to redeem rewards.

Pros:

  • Earn 2X points per dollar on travel and restaurants worldwide and one point per dollar on all other purchases.
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards

Cons:

  • If you aren’t comfortable using the Chase Portal you miss out on maximizing your rewards points value.

Read our full review and find out how to apply.

Chase Freedom®: Best for rotating cash back bonus categories (not currently available)

For anyone willing to put in a little bit of work, you can really maximize your returns from the Chase Freedom card. The card pays an unlimited 1% back on all purchases, with bonus cash-back categories that rotate quarterly. For instance, one quarter might be 5% back on restaurant spending. You do have to enroll and there is a $1,500 in combined purchases limit each quarter. For those who have more of a set-it-and-forget-it mentality and therefore don’t want to deal with rotating categories, choose a flat-rate cash back card. Anyone who likes to travel, or plans to in 2020, can boost the value of their rewards points if they pair this card with a Chase Sapphire Preferred or Reserve to maximize their Ultimate Rewards points.

Pros:

  • Flexible redemption. You can redeem your points as statement credit, cash-back deposit to your bank account, or transfer them as Chase Ultimate Rewards points to an eligible Chase Ultimate Rewards points card.
  • Earn $150 sign-up bonus when you spend at least $500 within the first three months of card ownership.

Cons:

  • You have to remember to enroll online to earn rewards from the cash-back bonus categories, although Chase will email you to remind you about this.
  • There are flat-rate cash back cards offering as much as 2% if you want a more hands-off approach.
  • You will incur a 3% foreign transaction fee on purchase made outside the U.S.

Read our full review and find out how to apply.

The information about the Chase Freedom has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Chase Sapphire Reserve®: Best luxury travel card

The Chase Sapphire Reserve will hold special appeal for a certain kind of traveler: one who not only travels often but also prefers to travel luxuriously. You can use the card’s numerous perks and benefits to improve your travel experience from the airport to the hotel and many points in between. This card has the potential to earn considerable rewards and gives you the option of transferring them to Chase travel partners at a 1:1 ratio, with no loss in points value. The Sapphire Reserve is Chase’s premier travel rewards card for good reason.

Pros:

  • Earn 3X points on dining worldwide; earn 3X points on travel worldwide after earning your $300 annual travel credit
  • Complimentary room upgrades and meals for you and a guest, special discounts and more through the The Luxury Hotel & Resort Collection℠
  • With Priority Pass™ Select, you get complimentary VIP airport lounge access and amenities including Wi-Fi and free snacks and beverages (one-time membership activation required)
  • Points gain 50% in value when you redeem for travel through Chase Ultimate Rewards®

Cons:

  • To recoup the $550 annual fee, it’s essential that you maximize the value of the card’s perks, benefits and rewards points.
  • You’ll probably need a credit score in the Excellent range (FICO Score 740-850, VantageScore 781-850) to get approved.

Read our full review and find out how to apply.

Chase Ink Business Unlimited℠ Credit Card: Best for the small-business owner (not currently available)

For the entrepreneur or small-business owner looking to earn rewards while investing in their business, this may be the card for you. Chase keeps their awards structure for this card straightforward and simple: earn unlimited 1.5% cash back for every purchase made for your business. Plus, you’ll get a $500 bonus cash back after you spend $3,000 on purchases in the first 3 months of account opening. If you’re looking for a way to rack in the cash back rewards for the purchases to make to keep your business running, this could be the perfect card for you.

Pros:

  • This card offers a 0% intro APR period on purchases for the first 12 months of account opening (variable 13.24%-19.24% thereafter)
  • You can add employee cards to your account at no additional costs

Cons:

  • There’s a 3% foreign transaction fee, so if you often travel out of the U.S for business, this is something to keep in mind
  • You need a minimum of 2,000 points to redeem your hard-earned rewards

Read our full review and find out how to apply.

The information about the Ink Business Unlimited Credit Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Chase Ink Business℠ Cash Card: Best for everyday business purchases (not currently available)

The Ink Business Cash Credit Card provides a unique rewards structure that other business cards may not, making this an ideal tool for the rewards-seeking business owner. Not only can you earn 5% cash back (on the first $25,000 in combined purchases each anniversary year) spent at office supply stores and on internet/cable/phone services, but you’ll also have the opportunity to earn 2% cash back on the first $25,000 in combined spending at gas stations and restaurants, and an unlimited 1% cash back on everything else. This means that you’ll be rewarded for the purchases you make to further your business.

Pros:

  • You’ll be able to take advantage of 0% APR for the first 12 months of account opening (variable 13.24%-19.24% thereafter)
  • Generous sign-up bonus: You can earn $500 cash back after you spend $3,000 on purchases in the first 3 months after opening your account

Cons:

  • There’s a combined $25,000 purchase limit on bonus categories
  • You’ll have to pay a 3% foreign transaction fee

Read our full review and find out how to apply.

The information about the Ink Business Cash Credit Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.


How to to decide which Chase card is right for you

It’s easier to find an ideal match for a credit card by keeping the focus where it needs to be — on you.

Before you compare cards in our Category, Credit Needed and Issuer sections, think about how you see yourself as a cardholder and a consumer.

  • No-frills: Maybe you’re not interested in rewards programs, bonuses or perks, but just the convenience of using a credit card.
  • Traveler: Some of the most valuable cards on the market help consumers travel more affordably (and even more luxuriously) by offering rewards for certain purchases. For example, earning 2x points for making travel purchases with the Chase Sapphire Preferred means higher luxury yield potential for you
  • Family shopper: It’s pretty easy to find a rewards card geared toward supermarket, wholesale club and gas station purchases.
  • Entrepreneur: Credit cards designed specifically for business use can do things that a personal credit card cannot. Cards such as the Ink Business Preferred Credit Card provide great business rewards.
  • Rewards tracker: Many rewards cards offer bonus categories for certain types of purchases at different times of the year. You’ll need to keep track of the categories and adjust your spending habits to take full advantage.
  • Rewards purist: On the other hand, a lot of cards keep their rewards programs simple by maintaining the same purchase categories.
  • Financier: A balance transfer-friendly card like the Chase Slate or the Chase Freedom can help you pay down debt from another card with less interest by offering an introductory APR period.

Remember, your choice of credit card should revolve around you — your financial situation, your priorities, even your interests. Whether you’re a frequent traveler, partial to flat-rate cash back, or experienced with rotating categories, Chase has options that can flow as you do.

How can I prepare to apply for my Chase credit card?

Part of the process of identifying the credit card for you is understanding how you can best prepare for your card to arrive.

Credit score

Each of Chase’s credit cards come with a recommended good-excellent (670 – 850) credit score to be approved. This means that you need to be in at least good credit standing when you apply.

If you’re working toward improving your credit score, but feel that you have too many open credit card accounts, avoid closing them all at once. You might think closing them will improve your credit score, but it can hurt, not so much because you closed the account, but because it could lower your utilization ratio, which compares your available credit to your balances. The lower the ratio the better. (Keep in mind that if you do close an account, your good habits will stay on your credit accounts for 10 years.)

One way to improve your score is to maintain a manageable amount of active accounts in order to keep your credit utilization ratio low and to build credit with on-time payment history.

On the other hand, if you need to build credit history, be careful not to apply for too many accounts at once. Start with one or two and establish a consistent payment history.

The 5/24 Rule

In preparation for applying for your Chase card, it’s important to be aware of how many other cards are in your wallet. The 5/24 rule was applied to all Chase cards in June 2016. It states that to be approved, you can’t have opened five or more personal credit card accounts in the 24 months prior to your application.

Be aware that Chase doesn’t track which accounts are no longer open, only the ones you’ve opened within the 24-month window. Access your credit report and track your accounts according to the dates they were opened. This will help you plan ahead.

The 2/30 Rule

According to the 2/30 Rule, you can’t have more than two applications pending every 30 days. If you do, you’ll be automatically rejected. This mainly has to do with the amount of times your credit score is pulled during application.

If you apply for two cards at the same time with the same issuer, your credit score will only be pulled once, which should help you in the process.

How we chose our top Chase credit cards

Bankrate writers and editors have evaluated several Chase credit cards using our exclusive scoring method and awarded each card a point total out of 5. Each card’s score relies on key criteria including:

APR

The best credit cards, from any issuer, tend to offer reasonable Annual Percentage Rate (APR). Many top cards also feature limited-time 0% APR offers on purchases and balance transfers, giving consumers an opportunity at a temporary reprieve from interest.

Travel rewards and perks

Highly rated travel cards should do more than earn a lot of miles or points. They should also offer flexibility in redeeming rewards, along with valuable benefits that enrich the travel experience.

Sign-up bonuses

Quality sign-up bonuses tend to be generous and offer clear value. Even if the bonus doesn’t provide big bucks, the spending requirement to achieve it should be easily obtainable.

Fees/cost of ownership

Many consumers view annual fees and other fees as a make-or-break factor in judging the desirability of a particular card. If a card does charge an annual fee, it should also provide a rewards program, benefits and perks lucrative enough to help the owner offset that cost.


Senior Editor Barry Bridges has been writing about credit cards, loans, mortgages and other personal finance products for Bankrate since 2018. His work has also appeared on websites including Nasdaq.com, Zillow.com and The Simple Dollar. He was previously an award-winning newspaper journalist in his native North Carolina. Send your questions about credit cards (and fantasy baseball) to bbridges@bankrate.com.

Have more questions for our credit cards editors? Feel free to send us an email, find us on Facebook, or Tweet us @Bankrate.

* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.

Editorial Disclosure: Opinions expressed here are the author’s alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.