Best Chase Credit Cards: 9 best Chase credit card are listed, including Chase Freedom Unlimited and Chase Sapphire. You will get to know about the pros and cons of each card and how to benefit most from it.
Meanwhile, the two most popular cards in cash back, Chase Freedom Unlimited and Chase Freedom Flex, are compared. And two most popular chase credit cards, Chase Sapphire Preferred and Chase Sapphire Reserve, are also viewed side by side.
In this article, you will see:
- List of 9 Best Chase Credit Cards
- Chase Credit Cards Details
- A Comparison between Chase Freedom Unlimited and Chase Freedom Flex
- A Comparison between Chase Sapphire Preferred and Chase Sapphire Reserve
- The “5/24 Principle” of Chase Credit Card Application
- To Check Your Chase Credit Card Application Progress
Best Chase Credit Cards
- The Best Chase Credit Card With NO Annual Fee: Chase Freedom Unlimited
- The Best Chase Credit Card With Variable 5% Cash Back Categories: Chase Freedom Flex
- The Best Chase Credit Card for Students: Chase Freedom Student
- The Best Chase Credit Card for Travel: Chase Sapphire Preferred
- The Best Chase Credit Card for Frequent Travelers: Chase Sapphire Reserve
- The Best Chase Credit Card With High Reward Rates On Hotels: Chase Marriott Bonvoy Boundless
- The Best Chase Credit Card for Hotels With NO Annual Fee: Chase Marriott Bonvoy Bold
- The Best Chase Business Credit Card With High Reward Rates On Special Categories: Chase Ink Business Cash
- The Best Chase Business Credit Card With Simple Cash Back Rules: Chase Ink Business Unlimited
Best Chase Credit Card Details
Three Chase Freedom Credit Cards are about to be introduced first:
- Chase Freedom Unlimited: The Best Chase Credit Card With NO Annual Fee
- Chase Freedom Flex: The Best Chase Credit Card With Variable 5% Cash Back Categories
- Chase Freedom Student: The Best Chase Credit Card for Students
Chase Freedom Student Credit Card is designed for students, whose credit score is relatively low (670). If you are not eligible to apply for Chase Freedom Unlimited or Flex, this Chase credit card for students is a good choice.
Chase Freedom Unlimited and Chase Freedom Flex are both popular Chase credit cards with NO annual fee. “Unlimited” has been issued for many years, while “Flex” is a newly issued Freedom Credit Card.
They are quite SIMILAR. Chase Freedom “Unlimited” and “Flex” both offer rewards on different categories, for example, 5%Cash Back on Travel booked through Chase Ultimate Rewards; 3% Cash Back on Dining at restaurants; 3% Cash Back on purchases at drug stores; and so on.
Their main DIFFERENCE is that Chase Freedom Flex offers 5% Cash Back on up to $1,500 (Up to $75 Cash Back) in combined purchases in bonus categories each quarter you activate. This means you can enjoy new 5% categories each quarter. Chase Freedom Unlimited offers a higher cash back rate on other purchases (1.5%), while “Flex” just offers 1% cash back on other purchases.
The details of three Chase Freedom credit cards are listed below:
Chase Freedom Unlimited – The Best Chase Credit Card With NO Annual Fee
- Annual Fee: $0
- APR: 14.99% – 23.74%
- Intro APR: 0% intro APR for 15 months from the date of account opening
- Credit Score: 700+
- Rewards: 5% Cash Back on Chase travel purchased through Chase Ultimate Rewards; 3% Cash Back on dining at restaurants; 3% Cash Back on purchases at drug stores; 1.5% Cash Back on other purchases
INTRO BENEFITSCredit Card DetailsPROS/CONS
- Earn $200 back after you spend $500 in purchases on the Card within the first 3 months;
- Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year (up to $600 cash back);
- 0% intro APR for 15 months from the date of account opening;
- No annual fee;
- Earn $200 back after you spend $500 in purchases on the Card within the first 3 months;
- Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year;
- 0% intro APR for 15 months from the date of account opening, then 14.99% – 23.74%;
- 5% Cash Back on Chase travel purchased through Chase Ultimate Rewards;
- 3% Cash Back on dining at restaurants;
- 3% Cash Back on purchases at drug stores;
- 1.5% Cash Back on other purchases;
- Cash Back rewards do not expire as long as your account is open and no minimum to redeem for cash back;
- 3% of the amount of each transaction in U.S. dollars;
- Cash Advance Fee: either $10 or 5% of the amount of each transaction, whichever is greater;
- Balance Transfer Fee: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
PROS
- At least 1.5% Cash Back on purchases;
- Higer reward rates for travel and on purchases at restaurants and drugstores: 5% Cash Back for travel, 3% Cash Back on dining at restaurants, 3% on purchases at drugstores;
- Earn $200 back after you spend $500 in purchases on the Card;
- Earn 5% Cash Back on grocery store purchases within the first year (up to $600);
- No annual fee;
CONS
- If you are used to shopping in Target or Walmart, you will not be able to earn 5% Cash Back on grocery store purchases;
- 3% of the amount of each transaction in U.S. dollars (not good for travel abroad);
- The Cash Advance Fee is high: either $10 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Chase Freedom Flex -The Best Chase Credit Card With Variable 5% Cash Back Categories
- Annual Fee: $0
- APR: 14.99% – 23.74%
- Intro APR: 0% intro APR for 15 months from the date of account opening
- Credit Score: 700+
- Reward: 5% Cash Back on up to $1,500 (Up to $75 Cash Back) in combined purchases in bonus categories each quarter you activate; 5% Cash Back on Chase travel purchased through Chase Ultimate Rewards; 3% Cash Back on dining at restaurants; 3% Cash Back on purchases at drug stores; 1% Cash Back on other purchases
Intro BenefitsCredit Card DetailsPros/Cons
- Earn $200 back after you spend $500 in purchases on the Card within the first 3 months;
- Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year;
- 0% intro APR for 15 months from the date of account opening;
- No annual fee;
- Earn $200 back after you spend $500 in purchases on the Card within the first 3 months;
- Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year;
- 0% intro APR for 15 months from the date of account opening, then 14.99% – 23.74%;
- 5% Cash Back on up to $1,500 (Up to $75 Cash Back) in combined purchases in bonus categories each quarter you activate;
- 5% Cash Back on travel booked through Chase Ultimate Rewards;
- 3% Cash Back on dining at restaurants;
- 3% Cash Back on purchases at drug stores;
- 1% Cash Back on other purchases;
- Cash Back rewards do not expire as long as your account is open and no minimum to redeem for cash back;
- 3% of the amount of each transaction in U.S. dollars;
- Cash Advance Fee: either $10 or 5% of the amount of each transaction, whichever is greater;
- Balance Transfer Fee: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Pros
- If you can do well in making your purchase plans according to the variable 5% Cash Back categories each quarter, you will get the maximum cash back through Chase Freedom Flex;
- At least 1% Cash Back;
- Higher reward rates on travel (5%Cash Back), restaurants (3% Cash Back) and drugstores (3% Cash Back);
- Earn $200 back after you spend $500 in purchases on the Card within the first 3 months;
- Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year;
- No annual fee;
Cons
- If you are used to shopping in Target or Walmart, you will not be able to earn 5% Cash Back on grocery store purchases;
- 3% of the amount of each transaction in U.S. dollars (not good for travel abroad);
- The Cash Advance Fee is high: either $10 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Chase Freedom Student- The Best Chase Credit Card for Students
- Annual Fee: $0
- APR: 14.99% (variable)
- Credit Score: 670+
- Reward: 1% Cash Back on other purchases; 5% Cash Back on Lyft Rides (Offer expires 3/31/2020)
Intro BenefitsCredit Card DetailsPros/Cons
- Before 11/2020: $50 Cash Back after you use this card to purchase within the first 3 months;
- An annual $20 reward within the first 5 years;
- 3-month free DashPass subscription (Offer expires: 12/31/2021), then enjoy 50% off within the next 9 months;
- No annual fee;
- Earn $50 Cash Back after you use this card to purchase within the first 3 months;
- 5% Cash Back on Lyft Rides (Offer expires 3/31/2020)
- 3-month free DashPass subscription (Offer expires: 12/31/2021), then enjoy 50% off within the next 9 months;
- 1% Cash Back on other purchases;
- Flexible payment: through My Chase Plan, you can break up card purchases, and the rate is 1.72%;
- 3% of the amount of each transaction in U.S. dollars;
- Cash Advance Fee: either $10 or 5% of the amount of each transaction, whichever is greater;
- Balance Transfer Fee: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Pros
- No annual fee;
- Low requirement of credit score (~670);
- An annual $20 reward within the first 5 years;
- 5% Cash Back on Lyft Rides (Offer expires 3/31/2020)
- 3-month free DashPass subscription (Offer expires: 12/31/2021), then enjoy 50% off within the next 9 months;
- Lower APR than other Chase credit cards;
- Flexible payment: through My Chase Plan, you can break up card purchases, and the rate is 1.72%;
Cons
- Low reward rates: 1% Cash Back on other purchases;
- 3% of the amount of each transaction in U.S. dollars (not good for travel abroad);
- The Cash Advance Fee is high: either $10 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Next, three Chase credit cards for travel will be introduced:
- Chase Sapphire Preferred: The Best Chase Credit Card for Common Family Travel
- Chase Sapphire Reserve:The Best Chase Credit Card for Frequent Travelers
- Chase Marriott Bonoy Boundless: The Best Chase Credit Card With High Reward Rates On Hotels
- Chase Marriott Bonoy Bold: The Best Chase Credit Card for Hotels With NO Annual Fee
Chase Sapphire Preferred and Chase Sapphire Reserve are both great credit cards for travel with no foreign transaction fee and high reward rates.
The difference: Chase Sapphire Preferred has a lower annual fee, while Chase Sapphire Reserve has a higher one. Chase Sapphire Preferred has lower reward rates than Chase Sapphire Reserve does. Chase Sapphire Preferred is suitable for family travel. Chase Sapphire Reserve is suitable for frequent travelers.
Chase Sapphire Preferred- The Best Chase Credit Card for Travel
- Annual Fee: $95
- APR: 15.99% – 22.99%
- Credit Score: 700+
- Reward: 2X POINTS on dining including eligible delivery services, takeout and dining out and travel; 1X POINTS on other purchases (1X: $1 spent= 1 POINT) ; 5X POINTS on Lyft (Offer expires 03/31/2020); 2X POINTS on grocery store purchases (Offer expires 04/30/2021); when redeeming: 100 POINTS=$1 , or through Chase Ultimate Rewards enjoying higher rates, up to 100 POINTS=$1.25
Intro BenefitsCredit Card DetailsPros/Cons
- Earn 100,000 POINTS after you spend $4,000 on eligible purchases with your new Card within the first 3 months (If you redeem through Chase Ultimate Rewards, it equals to $1,250);
- 12-month free DashPass subscription (Offer expires: 12/31/2021);
- The annual fee is $95;
- Earn 100,000 POINTS after you spend $4,000 on eligible purchases with your new Card within the first 3 months (If you redeem through Chase Ultimate Rewards, it equals to $1,250);
- 12-month free DashPass subscription (Offer expires: 12/31/2021);
- 1X: $1 spent= 1 POINT;
- 2X POINTS on dining including eligible delivery services, takeout and dining out and travel (2X: $1 spent= 2 POINTS) ;
- 1X POINTS on other purchases (1X: $1 spent= 1 POINT)
- 2X POINTS on purchases at grocery stores (Offer expires: 04/30/2021);
- 5X POINTS on Lyft (Offer expires: 03/31/2020);
- When redeeming your POINTS: 100POINTS=$1 or redeeming them through Chase Ultimate Rewards: 100 POINTS=$1.5;
- No foreign transaction fees;
- Better travel protection;
- 24-hour customer service;
- Flexible payment: through My Chase Plan, you can break up card purchases, and the rate is 1.72%;
Pros
- Good Intro Benefits: earn a reward that equals to $1,250 after you spend $4,000 on eligible purchases;
- A high reward rate on travel purchases: $100 spent on travel purchases = $25 Cash Back;
- 2X POINTS on purchases at grocery stores (Offer expires: 04/30/2021);
- 5X POINTS on Lyft (Offer expires: 03/31/2020);
- 1X POINTS on other purchases (1X: $1 spent= 1 POINT)
- No foreign transaction fees;
- Better travel protection;
- 24-hour customer service;
- Flexible payment: through My Chase Plan, you can break up card purchases, and the rate is 1.72%;
Cons
- The annual fee is $95;
- Cash Advance Fee: either $10 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Click to see more: You will learn more details about Chase Sapphire Preferred
Chase Sapphire Reserve- The Best Chase Credit Card for Frequent Travelers
- Annual Fee: $550
- APR: 15.99% – 22.99%
- Credit Score: 720+
- Reward: 3X POINTS on dining including eligible delivery services, takeout and dining out and travel; 1X POINTS on other purchases (1X: $1 spent= 1 POINT); when redeeming: 100 POINTS=$1 , or through Chase Ultimate Rewards enjoying higher rates, up to 100 POINTS=$1.5; $300 annual travel credit
Intro BenefitsCredit Card DetailsPros/Cons
- Earn 60,000 POINTS after you spend $4,000 on eligible purchases with your new Card within the first 3 months (If you redeem through Chase Ultimate Rewards, it equals to $900);
- The annual fee is $550;
- $300 annual travel credit (Offer expires 12/31/2021) (including purchases at gas stations and supermarkets);
- Earn 60,000 POINTS after you spend $4,000 on eligible purchases with your new Card within the first 3 months (If you redeem through Chase Ultimate Rewards, it equals to $900);
- 1X: $1 spent= 1 POINT
- 3X POINTS on dining including eligible delivery services, takeout and dining out and travel (3X: $1 spent= 3 POINTS); Notice: after you use the $300 annual travel credit, you can earn 3X POINTS on travel;
- Earn extra 7X POINTS on Lyft (Offer expires: 03/2022);
- 1X POINTS on other purchases (1X: $1 spent= 1 POINT)
- When redeeming your POINTS: 100POINTS=$1 or redeeming them through Chase Ultimate Rewards: 100 POINTS=$1.5;
- Earn $60 credit when using DoorDash in 2021;
- Enjoy a whole year $0 delivery fee and cheaper service fee if you subscribe DashPass (Offer expires: 12/31/2021);
- Earn up to $120 Cash Bcak, if you subscribe Peloton digital or membership service (Offer expires: 12/31/2021);
- Up to $100 cash back for Global Entry or TSA Pre✓®;
- Enjoy a whole year $0 Lyft Pink service (equals to $199) , if you subscribe it with the card. (Services: 15% off when renting cars, picking service for airports and easy accessibility to cancel your appointments and so on) (Offer expires: 03/31/2022);
- No foreign transaction fees;
- Better travel protection;
- 24-hour customer service;
- Flexible payment: through My Chase Plan, you can break up card purchases, and the rate is 1.72%;
Pros
- Good Intro Benefits: Get $900 if you spend $4000 in the first 3 months；
- 3X POINTS on travel and purchases at restaurants;
- 1X POINTS on other purchases;
- No foreign transaction fee;
- Better travel protection and service;
- 24-hour customer service;
- Flexible payment: through My Chase Plan, you can break up card purchases, and the rate is 1.72%;
Cons
- The annual fee is $550 (or actually $250 since there is an annual $300 travel credit), so this card is more suitable for those often go travel or away on business and whose spending on travel is more than $556;
- Cash Advance Fee: either $10 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Chase Marriott Bonvoy Boundless – The Best Chase Credit Card With High Reward Rates On Hotels
- Annual Fee: $95
- APR: 15.99% – 22.99%
- Credit Score: 700+
- Rewards：6X POINTS on Marriott purchases (6X: $1 spent= 6 POINTS); 2X POINTS on other purchases (2X: $1 spent= 2 POINTS); Annual “Free Accommodation Reward” for one night
Intro BenefitsCredit Card DetailsPros/Cons
- After spending $3,000 on this card within the first 3 months, you will gain a “Free Accommodation Reward” for three nights;
- The annual fee is $95;
- Annual “Free Accommodation Reward” for one night
- After spending $3,000 on this card within the first 3 months, you will gain a “Free Accommodation Reward” for three nights;
- 1X: $1 spent= 1 POINT;
- 6X POINTS on Marriott purchases (6X: $1 spent= 6 POINTS)
- 2X POINTS on other purchases (2X: $1 spent= 2 POINTS)
- When redeeming you POINTS, you can redeem accommodation: 17,500 POINTS = one night at Sheraton Suites Market Center of Dallas city;
- Annually automatical silver-card membership (After gaining 35,000 POINTS: gold-card membership);
Pros
- After spending $3,000 on this card within the first 3 months, you will gain a “Free Accommodation Reward” for three nights;
- Annual “Free Accommodation Reward” for one night;
- 6X POINTS on Marriott purchases;
- 2X POINTS on other purchases;
- No foreign transaction fee;
- The annual fee is $95, however, the annual “Free Accommodation Reward” worth more than that;
- Enjoy FREE advanced Wi-Fi service (if charged: $20/night) at Marriot and its cooperative hotels;
Cons
- If you do not use this card to purchase for 2 years, the POINTS you have gained will expire;
- Cash Advance Fee: either $10 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Chase Marriott Bonvoy Bold – The Best Chase Credit Card for Hotels With NO Annual Fee
- Annual Fee: $0
- APR: 15.99% – 22.99%
- Credit Score: 700+
- Reward: 3X POINTS on Marriott purchases (3X: $1 spent= 3 POINTS)，2X POINTS on other travel purchases (2X: $1 spent= 2 POINTS)；1X on other purchases (1X: $1 spent= 1 POINT)
Intro BenefitsCredit Card DetailsPros/Cons
- After spending $1,000 on this card within the first 3 months, you will gain a “Free Accommodation Reward” for one night;
- No annual fee;
- After spending $1,000 on this card within the first 3 months, you will gain a “Free Accommodation Reward” for one night;
- 1X: $1 Spent= 1 POINT;
- 3X POINTS on Marriott purchases;
- 2X POINTS on travel purchases;
- 1X POINTS on other purchases;
- When redeeming you POINTS, you can redeem accommodation: 17,500 POINTS = one night at Sheraton Suites Market Center of Dallas city;
- Annually silver-card membership;
Pros
- • After spending $1,000 on this card within the first 3 months, you will gain a “Free Accommodation Reward” for one night;
- 6X POINTS on Marriott purchases;
- 2X POINTS on other travel purchases;
- 1X POINTS on other purchases;
- No foreign transaction fee;
Cons
- If you do not use this card to purchase for 2 years, the POINTS you have gained will expire;
- Cash Advance Fee: either $10 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
Finally, there are two business credit cards for entrepreneurs and small business owners:
- Chase Ink Business Cash：High Reward Rates On Special Categories
- Chase Ink Business Unlimited: 1.5% Cash Back On All the Purcahses
Chase Ink Business Cash Credit Card- The Best Chase Business Credit Card With High Reward Rates On Special Categories
- Annual Fee: $0
- APR: 13.24% – 19.24%
- Intro APR: 0% intro APR for 12 months from the date of account opening
- Credit Score: 700+
- Reward: 5% Cash Back on purchases at office applicace stores and purchases on the service fee of the internet, television and telephone (up to $25,000 annually, then 1%); 2%Cash Back on purchases at gas stations and restaurants (up to $25,000 annually, then 1%) ; 1% Cash Back on other purchases
Intro BenefitsCredit Card DetailsPROS/CONS
- Earn $750 back after you spend $7,500 in purchases on the Card within the first 3 months;
- 0% intro APR for 12 months from the date of account opening;
- No annual fee;
- Earn $750 back after you spend $7,500 in purchases on the Card within the first 3 months;
- 0% intro APR for 12 months from the date of account opening;
- 5% Cash Back on purchases at office applicace stores and purchases on the service fee of the internet, television and telephone (up to $25,000 annually, then 1%)
- 2% Cash Back on purchases at gas stations and restaurants (up to $25,000 annually, then 1%)
- 1% Cash Back on other purchases;
- Free credit card secondary cards for employees;
- My Chase Loan has a relatively high APR, which is 13.24%~19.24%；
- Cash Advance Fee: either $15 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
- 3% of the amount of each transaction in U.S. dollars;
PROS
- No annual fee;
- High Intro Rewards: Earn $750 back after you spend $7,500 in purchases on the Card within the first 3 months;
- 0% intro APR for 12 months from the date of account opening;
- High reward rates (up to 5% or 2%) on special categories: office appliance stores (5%), the telephone /television /internet service (5%), gas stations (2%), restaurants (2%) and so on. (Though there is an annual limit on the amount of Cash Back.)
- 1% Cash Back on other eligible purchases;
- Free credit card secondary cards for employees;
CONS
- My Chase Loan has a relatively high APR, which is 13.24%~19.24%；
- Cash Advance Fee: either $15 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
- 3% of the amount of each transaction in U.S. dollars;
Chase Ink Business Unlimited – The Best Chase Business Credit Card With Simple Cash Back Rules
- Annual Fee: $0
- APR: 13.24% – 19.24%
- Intro APR: 0% intro APR for 12 months from the date of account opening
- Credit Score: 700+
- Rewards: 1.5% on all the purchases;
Intro BenefitsCredit Card DetailsPROS/CONS
- Earn $750 back after you spend $7,500 in purchases on the Card within the first 3 months;
- 0% intro APR for 12 months from the date of account opening
- No annual fee;
- Earn $750 back after you spend $7,500 in purchases on the Card within the first 3 months;
- 0% intro APR for 12 months from the date of account opening;
- 1.5% Cash Back on all eligible purchases;
- Free credit card secondary cards for employees;
- My Chase Loan has a relatively high APR, which is 13.24%~19.24%;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
- 3% of the amount of each transaction outside USA or from foreign sellers;
PROS
- No annual fee;
- High Intro Rewards: Earn $750 back after you spend $7,500 in purchases on the Card;
- 0% intro APR for 12 months from the date of account opening;
- 1.5% Cash Back on all eligible purchases
CONS
- My Chase Loan has a relatively high APR, which is 13.24%~19.24%；
- Cash Advance Fee: either $15 or 5% of the amount of each transaction, whichever is greater;
- The Balance Transfer Fee is high: either $5 or 5% of the amount of each transfer, whichever is greater;
- The Penalty Fee of Late Payment: $39;
- 3% of the amount of each transaction in U.S. dollars;
A Comparison between Chase Freedom Unlimited and Chase Freedom Flex
Chase Freedom Unlimited and Chase Freedom Flex are similar credit cards. However, the differences between them has been reddened:
Earn $200 back after spending $500 with your new card
Chase Freedome Unlimited
Earn $200 back after spending $500 with your new card
Chase Freedom Flex
A Comparison between Chase Sapphire Preferred and Chase Sapphire Reserve
Chase Sapphire Preferred and Chase Sapphire Reserve are both useful credit cards for travel with high reward rates. However, they share many differences as well. The differences has been reddened in the chart:
Get $1,250, when you spend $4000
Chase Sapphire Preferred
Get $900, when you spend $4000
Chase Sapphire Reserve
“5/24 Principle” of Chase Credit Card Application
If you have applied for 5 or more personal credit cards within the last 24 months, your new application will be more possible to be turned down. This is called as the “5/24 Principle” of Chase Credit Card application.
The “5 or more” mentioned here does not only refer to Chase credit cards, but also includes any kind of personal credit cards, for example:
- The personal credit cards you can apply for from Citi, Chase, Amex, Discover, Capital One and so on. Even though some of the cards has been closed, they are still accounted into “5/24 Principle” since they have been applied within the recent 24 months;
- The personal credit cards you can apply for from Macy’s , Amazon and so on;
- If you use a credit card secondary card from others, this card will be accounted as well;
- Most enterprise and business credit cards are NOT applied to the “5/24 Principle”;
“5/24 Principle” of Chase Credit Card Application
After you apply for a Chase Credit Card online, you usually get to know whether your application is approved or not immediately.
If not, there could be several reasons listed below:
- Your application for Chase disobey the “5/24 Principle” mentioned above;
- Your credit score may not be enough;
- You might make some mistake filling some information when you were applying for the credit card;
- If you apply for smal business credit cards, Chase need more information and files to see whether you are eligible;
After Chase makes the final decision, it may send you a letter (within 7~10 days) or a phone message to inform you of the result.
While waiting for the result, you can call Chase to check your application for free:
- 800-432-3117 (Personal Credit Card)
- 800-453-9719 (Business Credit Card)
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