Our Verdict
One cool thing about Chase credit cards is that you can get one that’s just perfect for your needs. Don’t forget, you require a stellar credit score in order to qualify for any of Chase’s credit cards.
For more details about Chase, check the information below:
JPMorgan Chase & Co
Corporate Headquarters
Address: 270 Park Avenue, New York, NY
Phone Number: +1-212-270-6000
Pros
- Offers purchase protection
- Comes with some perk rewards, including sign-up bonus, cash back, rewards points for spending, among others.
- Offers different options in order to meet your needs.
- Allows you to transfer balance.
Cons
- Requires excellent credit score.
- Charges higher annual fees up to $500 on the cards with the best features.
Who This Product Is Best For
Think of Chase credit cards if you:
- Have a solid credit score of 700 and above.
- Are an avid traveler.
- Prefer Chase products and want to pair a credit card by Chase with another credit card from the same credit card issuer.
Who This Product Isn't Right For
Consider other options if you:
- Have bad credit. Alternatively, you can first boost your credit score before you apply for any of Chase’s credit cards.
- Don’t meet Chase’s personal income requirements.
- Have numerous active Chase credit card accounts.
- Make several applications within a short period.
What This Product Offers
- Chase Sapphire Preferred® Card. If you travel a lot, consider this credit card.
- Chase Sapphire Reserve®. Clear your hotel reservation and car rental fees with up to 60,000 intro offer with this credit card.
- Chase Freedom® Student credit card. Give this card a trial if you’re a student and require extra funding in order to cover your purchases costs.
- Southwest Rapid Rewards® Plus Credit Card. If you’re a Southwest starter, check out what this credit card offers.
Product Details
Chase Sapphire Preferred® Card
With this card, you access spectacular perks, travel protections, and annual hotel credits—making it your best fit if you are a vivid traveler who requires enticing offers and friendly redemption alternatives.
Get up to $750 (equivalent to 60,000 points) after you make your first $4,000 total on purchases within the first three months of opening your account. You pay an annual fee of $95 with the APR oscillating between 20.49% and 27.49%. To qualify for this product, have a minimum credit score of 670.
Chase Sapphire Reserve®
If you want some luxury perks such as booking luxury hotels and resorts or accessing VIP airport lounges, consider Chase Sapphire Reserve®.
Get 60,000 intro offer points (equal $750) after you spend $4,000 or more within the first three months of account opening. You pay $550 in annual fee and the APR range is from 21.49% to 28.49%. To qualify for this product, have an excellent credit score between 740 and 850.
Get 10x bonus point on your total spendings through the Chase Sapphire Reserve® on car and hotel rentals. Also, you receive 5x points on flight expenses, 3x points on dining and other traveling costs, and 1x point on other expenses.
If you engage in series of traveling, you can earn up to $300 reward per year on your total traveling costs.
Chase Freedom® Student credit card
Consider this credit card if you’re student without a standing credit score to qualify for Chase Freedom Flex or Chase Freedom Unlimited. You can also consider this product as a good opportunity for you to build your credit score.
You receive a $50 intro offer after you make your first purchase with the credit card within the first three months of opening the account. The credit card doesn’t charge any annual fee but requires a good to excellent credit score—anything from 670 to 850. The Chase Freedom® Student credit card charges 19.49% in interest.
Southwest Rapid Rewards® Plus Credit Card
You don’t get luxury features on Southwest Rapid Rewards® Plus Credit Card, but you access 2x point on your total Southwest spendings and 1x point reward on every other expenses you make. Also, you get up to 30,000 bonus points on your membership anniversary plus other perks, including removing restrictions on seat, no blackout dates, among others.
This credit card offers you the minimum annual fee of $69 on all Southwest credit cards. You pay any amount from 20.49% to 27.49% in interest and receive up to 50,000 intro offer bonus points when you spend $1,000 or more through your Southwest Rapid Rewards Plus Credit Card within the first three months of opening the account.
To get this credit card, maintain a FICO rating of any value from 670 to 850.
Where This Product Stands Out
Enticing introductory offers
Chase credit cards come with high introductory bonus rewards points up to 60,000 points—except the Chase Freedom® Student credit card which comes with a $50 intro offer.
Perks and benefits
The product offers numerous perks and benefits from luxury perks to travel insurance. Also, its benefits extend to retain discounts and access to tools for managing your finances.
Reward programs
You get a plethora of reward points using this card to cover traveling, car rental, and hotel reservations expenses.
Where This Product Falls Short
Charges foreign transaction fees
You pay the fee of up to 3% of your total foreign spendings on Chase credit cards. If you’re someone who do a lot of foreign transactions, you may reconsider your options.
Credit score requirement
You need a strong to excellent credit score in order to qualify for any of Chase credit cards. If you have bad credit, consider another credit card issuer.
Higher annual fees
The products’ annual fee varies from one credit card to another. One downside of Chase credit cards is that the product with the most enticing perks—Chase Sapphire Reserve®, for example—charges a higher annual fee—for Chase Sapphire Reserve®, you pay $550 annual fee.
How to Qualify for This Product
Credit card issuers have different qualification requirements. Check below for Chase’s eligibility criteria:
- Check your Credit score. Have a strong credit score that ranges from 670 to 850 in order to stand a chance of qualifying for Chase credit card. If you have bad credit, first work in building your FICO score or find other credit card issuers who consider customers with bad credit.
- Have a consistent source of income. Present a proof of your income and employment status to Chase so that you can convince the credit card issuer you can clear your balance with little to no friction.
- Don’t submit application for different credit cards within a short period of time. Limit how often you apply for credit cards over a particular length of time. Be careful to not show unhealthy despair for credit.
- Make on-time payments. Pay your bills on time. Making on-time payments also boosts your credit score and increases your chances of getting an approval for your credit card application.
How to Apply for This Product
Applying for Chase credit cards is straightforward—you can apply online or in person at any Chase Bank branch. To apply for Chase credit cards,
- Review your credit score. Check your credit score from your Experian, Equifax, or TransUnion credit report. This allows you to know which credit cards to shop around for.
- Research your options. Once you know your credit score, check Chase credit cards and select the ones your credit score qualifies for.
- Gather every necessary documents. Chase requires that you provide your full legal name, social security number, mailing address, employment status, house rental cost, and phone number.
- Submit your application. Apply for the product you desire once you have everything the card issuer requests for. It doesn’t take forever—a few minutes after you apply—until Chase approves or rejects your application.
Alternatives to This Product
Citi Premier® Card
Citi Premier® Card charges a $95 annual fee but doesn’t charge any foreign transaction fees, making it a good alternative to Chase if you do series of foreign transactions. You pay anything from 20.74% to 28.74% APR with an introductory offer of up to 60,000 reward points.
Capital One Venture Rewards Credit Card
You get 75,000 bonus miles with Capital One Venture Rewards Credit Card when you spend $4,000 or more within the first three months of opening the account. The annual fee stands at $95 with APR starting at 20.74% and capping at 28.74%.
Customer Reviews
Chase receives a great rating of 4.00-star based on 4,620 customer reviews on Trust Pilot. Happy customers talked about the bank’s seamless transactions, ease of using the bank’s app while unhappy customers condemned the bank’s poor customer service.
Methodology
We reviewed Chase credit cards based on 20 data points in the categories of loan details, loan costs, eligibility and accessibility, customer experience and the application process. We rated Chase credit cards based on the weighting assigned to each category:
- Loan cost: 35%
- Loan details: 25%
- Customer experience: 20%
- Eligibility and accessibility: 10%
- Application process: 10%
Within each major category, we also considered several characteristics, including available loan amounts, repayment terms and applicable fees. We also looked at minimum credit score and time in business requirements and the geographic availability of the lender.
Finally, we evaluated Chase customer support tools, borrower perks and features that simplify the borrowing process—like online applications, prequalification options and mobile apps.
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