Chase credit cards that are the best in 2022
Picking from among Chase credit cards may be a difficult effort because the company has one of the largest credit card portfolios on the market. Many Chase credit cards are also among the best in the business, making choices from among them a difficult chore. Following a thorough examination of all of them, here are Forbes Advisor’s recommendations for the best Chase credit cards.
Chase provides a credit card to suit your needs, whether you wish to climb Mount Kilimanjaro or shop from the comfort of your own home. Keep in mind that eligibility for Chase’s credit cards is often contingent on having outstanding to excellent credit. If your credit profile needs improvement, it is recommended that you focus on improving it before applying.
Chase Freedom Unlimited®
Freedom Unlimited is a high-value cash back credit card. Cardholders earn 5% cash back on travel purchases with Chase Ultimate Rewards, 3% cash cash back (including takeout and delivery), and 1% cashback on all other transactions.
Why Did We Choose It?
A good all-purpose credit card allows you to carry a balance on new purchases at 0% Intro APR, has no annual fee, and earns at least 1.5 percent rewards on all purchases.
Pros
● Get a $200 bonus after spending $500 in your first three months.
● A minimum earn rate of 1.5% is unlimited for cashback rewards.
● There is no minimum redemption value.
Cons
● Foreign currency transactions are subject to a 3% transaction fee.
● A high fee for cash advances of $10 or 5%, whichever is larger.
● Monthly credit card fee of $5 or 5% of the amount transferred, whichever is greater.
Chase Sapphire Reserve®
The Chase Sapphire Reserve is a high-end travel credit card featuring a flexible rewards program and elite travel benefits. The card offers additional points for travel and eating, as well as flexible redemption options that optimize the value of your benefits.
Why Did We Choose It?
This card earns points at a higher rate if you travel or dine out regularly. The $300 travel credit more than compensates for the annual fee, and redeeming points for travel through Chase Ultimate Rewards or the Pay Yourself Back function earns you 50% extra.
Pros
● The $300 annual travel credit is flexible.
● Sign-up bonus.
● When redeeming points for travel booked through Chase or select purchases made through the Pay Yourself Backs programs, you will receive a 50% bonus.
● Transfer of points to reputable airline and hotel partners.
Cons
● The annual fee is exorbitant.
● Purchases with a high degree of uncertainty APR.
● Excellent credit is strongly recommended.
Chase Sapphire Preferred®
The Chase Sapphire Preferred Card is an outstanding all-around credit card for travelers. Additionally, it includes other travel benefits, like primary rental car insurance, trip contract termination insurance, and lost luggage insurance.
Why Did We Choose It?
Offering a unique combination of high points rates and redemption versatility, this card is ideal for frequent travelers and diners-all for a low annual fee.
Pros
● Earn significant rewards on a variety of purchases.
● Numerous travel and shopping safeguards.
Cons
● One-time fee
● No-introductory APR offer
● The best travel rewards are available exclusively with Chase.
Chase Freedom Flex
The Chase Freedom Flex, like the original Chase Freedom®, includes rotating 5% bonus categories as well as permanent bonus benefits on Chase-booked travel, restaurants, and drugstores. While applications for the Chase Freedom® are no longer being accepted, existing cardholders may continue to use the card.
Why Did We Choose It?
This card has the muscle to handle nearly all of your credit card spending needs without charging an exorbitant fee. The card has no annual fee and offers a boosted earnings structure that includes a broad range of expenses such as travel, drugstores, and eating, as well as rotating quarterly bonus categories in areas that many households are likely to find enticing.
Pros
● There is no annual charge.
● When active, rotating quarterly categories receive 5% rewards, up to a combined quarterly limit of $1,500.
● The travel rewards rate is comparable to that of some of the finest premium travel cards.
● Generous reward rates in several additional categories.
Cons
● Travel bookings must be made through Chase Ultimate Rewards® to earn 5% cash cashback.
Chase Ink Business Preferred®
The ink Business Preferred Credit Card is outstanding business credit. additionally, card with a significant sign-up bonus and the chance to earn useful Ultimate Rewards points on a variety of business expenses. These points can then be transferred to 13 airline and hotel partners or redeemed for travel directly through Chase Ultimate Rewards at a rate of 1.25 cents per point.
Why Did We Choose It?
This card is quite valuable for frequent business travelers who spend liberally in the bonus categories.
Pros
● An exceptional welcome bonus.
● There are no foreign transaction fees.
● Employee identification cards at no additional cost.
● Reimbursement for routine business expenses.
Cons
● There is an annual cost.
● Exorbitant cash advance fees.
● Exorbitant balance transfer fees.
