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Are you in the market for a new credit card that earns cash back or rewards? Maybe you already have a Chase checking or Chase savings (or maybe even Chase business checking account) bank account. If so, Chase bank is a good place to start, especially if you already bank with Chase. The best Chase credit cards in 2020 earn some of the most valuable rewards that are great for everyday purchases (including purchases made during a pandemic) and come with enticing bonuses.
For instance, the Chase Sapphire Preferred® Card has a signup bonus of earning 60,000 points worth $750. To earn the bonus, cardholders must spend $4,000 in the first 3 months of account opening. There’s also the Chase Freedom Flex℠ that earns up to 5% cash back on all purchases. For easy point redemptions or cash back rewards, consider looking into our favorite Chase credit cards below.
The Best Chase Credit Cards for 2020
Here are this year’s picks for the best Chase credit cards. Use this guide to jump to a specific card:
- Chase Sapphire Preferred® Card – Best Sign Up Bonus (Application Info)
- Chase Freedom Flex℠ – Best No Annual Fee Credit Card (Application Info)
- Chase Sapphire Reserve® – Best for Premium Travelers (Application Info)
- Ink Business Preferred® – Best Chase Business Credit Card (Application Info)
- World of Hyatt Credit Card – Best Hotel Chase Credit Card (Additional Info)
- Honorable Mentions
More Information about Chase Credit Cards
Editor’s Note: Some of the offers below may have expired or are no longer available on our site.
What Are The Best Credit Cards for Chase Bank Customers?
Chase makes it’s hard to choose a credit card because they have so many appealing products. There’s the no annual fee Freedom cards, the rewards earning Sapphire cards, the Ink Business cards, and much more. As mentioned above, many of these cards are great for everyday spending.
Best Travel Chase Credit Card: Chase Sapphire Preferred Card
Let’s just dive in: the Chase Sapphire Preferred welcome offer is a 60,000 point signup bonus worth $750 in award travel. New cardholders can earn the 60,000 bonus points after spending $4,000 in the first 3 months of account opening. This bonus is worth at least $750 in award travel when maximizing the 25% travel redemption bonus or the 1:1 transfer partners.
The Chase Sapphire Preferred earns 2x points per $1 spent on all travel and dining purchases. However, for a limited time, there are bonus categories where cardholders can make the most of their purchases. More on that below.
Other Chase Sapphire Card Details
One tradeoff for the Chase Sapphire Preferred bonus is the $95 annual fee. However, the bonus can help offset the annual fee if you use it to pay for travel with one of the Chase travel partners. The Preferred is comparable to another popular travel credit card, the Capital One® Venture® Rewards Credit Card, and other cards with similar benefits.
See how the Capital One Venture and Chase Sapphire Preferred to compare for more information.
Because the Sapphire Preferred is the best Chase credit card overall, this signup bonus is somewhat exclusive. You only qualify if you do not own another Sapphire product and haven’t received a new Sapphire cardmember bonus in the past 48 months. Knowing the Sapphire application rules can help you have the best chance for approval.
You will also need to keep an eye on the number of new credit card accounts you open. The “Chase 5/24” rule will most likely decline your application if you have opened or been listed as an authorized user on 5 or more new credit cards in the most recent 24 months.
The Chase Sapphire Preferred® Card is a rewards Chase credit card. Redeeming your points for award travel helps make each point worth at least one cent each.
25% Travel Redemption Bonus
When redeeming your points for award travel on Chase, each point is worth 25% more at 1.25 cents each. This redemption bonus is how the 60,000 point signup bonus is worth $750 but only $600 when redeeming every bonus point for non-travel rewards.
The Chase award travel portal is powered by Expedia. You can enjoy the 25% bonus on any type of award travel including flights, hotels, rental cars, cruises, and tours. If you don’t want to use all your points on one purchase, Chase also lets you pay with points and cash.
1:1 Transfer Partners
You might find more value in the 1:1 airline and hotel transfer partners. In 1,000-point increments, you can transfer your points to their loyalty programs.
No Foreign Transaction Fee Chase Credit Card
The Chase Sapphire Preferred may have a $95 annual fee but you will never pay a foreign transaction fee. As other cards charge up to 3% on international purchases, the savings can more than pay the annual fee if you travel internationally regularly with credit cards.
The Chase Sapphire Preferred is the best Chase credit card overall for most award travelers because of its flexibility when booking award travel and its reasonable annual fee. These two advantages make it easy for a beginner or experienced traveler to maximize the value of each point they earn.
From November 01, 2020, through April 30, 2021, cardholders automatically earn 2x points per $1 spent at grocery stores, up to $1,000 per month.
Additionally, cardholders can earn up to $60 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021. Cardholders don’t need a Peloton bike or treadmill to take advantage of the digital membership that includes 1,000s of on-demand or live fitness classes. Also to note, new Peloton Digital Members are entitled to a 30-day free trial, by visiting Onepeloton.com/ChaseSapphire and enrolling using your Sapphire Preferred card.
Points are worth 25% more now through April 30th, 2021 when redeemed for purchases in current categories of grocery, dining, home improvement, and contributions to select charities with the Chase Pay Yourself Back feature. Points are also worth 25% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30th, 2021.
Don’t forget about the Chase Sapphire rental car insurance benefits that you can also take advantage of when planning any road trips.
Chase Sapphire Preferred cardholders also 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. However, they must activate this offer by 12/31/21. Cardholders can also earn 5x points on Lyft rides through March 2022.
Related: Chase Sapphire Preferred Review
Best No Annual Fee Cash Back Chase Card: The Chase Freedom Flex
The newest addition to the Chase credit card lineup is the Chase Freedom Flex℠ by Mastercard. The Freedom Flex replaces the Chase Freedom®, although the purchase rewards structure is similar. The Chase Freedom Flex lets cardholders earn 5% back (up to $1,500) in combined purchases on select categories that rotate quarterly. Activation is required (usually by clicking a link in your email or tapping a button in your account).
These are the Chase Freedom Flex℠ bonus categories:
- 5% cashback on the first $1,500 on quarterly bonus categories you activate (then 1% back)
- 5% cashback on travel purchases in the Chase Ultimate Rewards portal
- 3% cashback on restaurants, including takeout and delivery services
- 3% cashback on drugstore purchases
- 1% cashback on everything else
It’s likely that the 5% quarterly bonus category will be the same for the Visa and Mastercard versions. In the 4th quarter of 2020, you can earn 5% cashback on the first $1,500 in holiday-related purchases.
New cardmembers have the opportunity to earn a $200 cash bonus after making $500 in purchases during the first 3 months of account opening. Also, cardholders can earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
This card doesn’t have an annual fee but does have a 3% foreign transaction fee.
Many who have a Chase Sapphire Preferred® or Chase Sapphire Reserve® also have a Freedom product to earn more bonus points. You can then transfer them to your Sapphire account for the travel redemption bonus or 1:1 point transfers. Each Ultimate Rewards point is worth 1 cent each for cash redemptions or award travel you book through the Chase travel portal.
World Elite Mastercard Benefits And Cell Phone Protection
The brand new Chase Freedom Flex is a World Elite Mastercard (that’s the Mastercard equivalent of a Visa Signature product). Some of the card’s built-in benefits include:
- $10 Lyft credit after you take 5 rides in a month (one $10 credit per month)
- 5% cash rewards at Boxed for future purchases
- Free ShopRunner membership
- $5 off future movie tickets or at-home purchases with Fandango
- 10% off onefinestay rental homes and villas
- Exclusive PGA Tour golf offers and discounts
The complimentary cell phone protection is an exciting benefit and saves you a small fortune. First, you will need to pay your monthly cell phone bill with the Chase Freedom Flex℠. You get up to $1,000 in yearly coverage benefits. Mastercard lets you make up to two claims per year ($800 max per claim) if your phone is stolen or needs certain repairs. There is a $50 deductible per claim.
DoorDash and Lyft Benefits
In addition to the recurring benefits above, Chase is offering a few limited-time partner benefits:
- Free DoorDash DashPass for three months and then 50% off for the next nine months
- 5% cashback on Lyft rides through March 2022
You will need to activate the DoorDash DashPass benefits by December 31, 2021. DashPass benefits include a $0 delivery fee on orders above $12.
The cash back rewards earned do not expire, so long as your account stays open and active. Plus, unlike other cash back credit cards, there is no minimum needed to redeem for cash back.
Related: Chase Freedom Flex Review
Premium Chase Travel Credit Card Option: Chase Sapphire Reserve
The Chase Sapphire Reserve® is the flagship Ultimate Rewards credit card. The Sapphire Reserve comes with a bonus of 50,000 points after spending $4,000 in 3 months. This bonus is worth $750 in travel.
People like the Sapphire Reserve for many its bonus, perks, and benefits. Here are a few of them.
Earn 3x Points on Travel and Dining
You earn 3x points on all travel (once you earn the $300 travel credit) and dining purchases. Your non-bonus purchases always earn 1 point per $1. When most flexible credit cards might only pay 2 points per $1 on bonus purchases, you have a higher earning potential. Plus, it doesn’t matter which airline you fly or restaurant you eat at, you’re earning triple points.
Chase is helping cardholders maximize their $300 travel credit when they are not able to travel. Typically nearly all Reserve cardmembers reap the full $300 benefit annually, effectively offsetting the annual fee. To ensure cardmembers can take full advantage, gas and grocery have been added as qualifying purchases, through June 30th, 2021.
Bonus Travel Redemption Options
The Sapphire Reserve earns Chase Ultimate Rewards points. They are always worth at least one cent each when redeemed for cash or gift cards. However, Ultimate Rewards are most valuable for award travel.
You have two different travel redemption options. Both are valuable in their own way.
50% Travel Redemption Bonus
Your points are worth 1 cent each with non-travel rewards. But, they receive a 50% boost when you redeem them for award travel on the Chase Ultimate Rewards travel portal. This portal is powered by Expedia, so you have plenty of travel options. From flights, hotel nights, cruises, and anything in between, your points are worth 1.5 cents each.
This can be a better option for non-airline award travel and for booking travel with non-Chase travel partners. The second redemption option is usually more valuable for booking award flights.
1:1 Point Transfers to Airlines and Hotels
The 50% travel redemption bonus is already one of the most valuable point redemption options for any credit card. But, your points can be worth more than 1.5 cents each when you transfer them to an airline or hotel transfer partner. In 1,000 point increments, you can transfer your points to your airline or hotel account for free.
Because airline miles tend to be more valuable than hotel points, you’re usually better off transferring your miles to an airline. Then, you book an award flight. One of the best hotel transfer partners is World of Hyatt. For many Hyatt award nights, you can usually get a per point value greater than 1.5 cents each.
Other Sapphire Reserve Benefits
From November 01, 2020, through April 30, 2021, cardholders automatically earn 3x points per $1 spent at grocery stores, up to $1,000 per month.
Additionally, cardholders can earn up to $120 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021. Cardholders don’t need a Peloton bike or treadmill to take advantage of the digital membership that includes 1,000s of on-demand or live fitness classes. Also to note, new Peloton Digital Members are entitled to a 30-day free trial, by visiting Onepeloton.com/ChaseSapphire and enrolling using your Sapphire Reserve card.
This is in addition to the complimentary DashPass subscription from DoorDash that lets cardholders get unlimited deliveries with a $0 delivery fee and reduced service fees. They also earn up to $120 in statement credits on DoorDash purchases ($60 in statement credits through 2020 and another $60 in statement credits through 2021).
Plus, cardholders earn 10x points on Lyft rides, including bikes and scooters. Complimentary Lyft Pink Membership is also available when activated by March 21, 2022.
Points are worth 50% more now through April 30th, 2021 when redeemed for purchases in current categories of grocery, dining, home improvement, and contributions to select charities with the Chase Pay Yourself Back feature.
Points are also worth 50% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30th, 2021.
In Summary of the Chase Sapphire Reserve
Keep in mind that the Sapphire Reserve has a $550 annual fee. If you’re a frequent traveler, the benefits like Sapphire Reserve trip delay insurance can easily save you more than the annual fee cost.
If these extra benefits won’t help you, look at the Chase Sapphire Preferred® Card. The Sapphire Preferred Chase credit card only costs $95 a year and you still get a 25% travel redemption bonus and 1:1 point transfers.
The Chase Sapphire Reserve® is a premium travel rewards credit card. That means you enjoy other card benefits in addition to flexible point redemptions.
Some of these extra benefits include:
- $300 annual travel credit
- Priority Pass Select airport lounge membership
- Global Entry or TSA PreCheck Fee Credit
- Special hotel benefits for Luxury Hotel and Resort Collection stays
Finally, you have the chance to earn 50,000 bonus Ultimate Rewards points as a signup bonus after spending $4,000 in the first 3 months of account opening. With the 50% travel redemption bonus, these points are worth $750 in award travel. But, they can be worth more with the 1:1 point transfers. These are a few reasons why this is one of our favorite Chase credit cards.
Related: Chase Sapphire Reserve Review
Best Chase Credit Cards for Business: Ink Business Preferred
You can also earn Ultimate Rewards points on your business purchases too. There are several Chase business credit cards, but the Ink Business Preferred® Credit Card is the best for earning travel or cash rewards. The card isn’t as benefit-rich as the Sapphire Reserve, but it’s a solid option for business owners. Plus, its annual fee is only $95.
Also, the Ink Business Preferred® Credit Card can be your third leg in the “Chase Trifecta.” You can pool your Ultimate Rewards points with your other Chase credit cards. If you own the Ink Preferred and Sapphire Reserve, you maximize both business and personal purchases.
Get a $1,250 Signup Bonus
The Ink Business Preferred has the most valuable Ultimate Rewards signup bonus. You can earn 100,000 bonus Ultimate Rewards points worth $1,250 in award travel. This is still higher than the Sapphire Reserve bonus offer. To earn the bonus, you must spend $15,000 in the first three months.
Earn Up to 3 Points on Purchases
Every year, you can earn 3 points per $1 on the first $150,000 in combined spending for these categories:
- Shipping Purchases
- Internet, Cable, and Phone Services
- Advertising on Social Media and Search Engines
After reaching the $150,000 spending cap, your remaining purchases earn 1 point per $1 for the rest of the year. All non-bonus spending categories earn an unlimited 1 point per $1 spent with the Ink Business Preferred® Credit Card.
25% Travel Redemption Bonus
Like the Sapphire Reserve, you can enjoy 1:1 point transfers and a travel redemption bonus. For the Ink Business Preferred, you get a 25% travel redemption bonus. This means, your points are worth 1.25 cents on the Ultimate Rewards travel portal and 1 cent each for non-travel awards.
Once again, you might find a better deal by transferring your points to a 1:1 travel partner.
Cell Phone Protection
You also get up to $600 in cell phone protection. You can make up to three claims per year when a phone is stolen or damaged.
Related: Ink Business Preferred Card Review
Best Hotel Credit Card: World of Hyatt
If you’re looking for a hotel credit card that comes with the ability to earn several free nights, the World of Hyatt Credit Card is worthy of consideration. It comes with the ability to earn up to 10 Free Nights at Hyatt hotels thanks to a 50,000 point signup bonus. New cardholders can earn 25,000 points after $3,000 in purchases within 3 months of account opening. Plus, they can earn an additional 25,000 points after spending $6,000 in total in purchases within 6 months of account opening. As free nights start at 5,000 points, that’s enough for up to 10 free nights at category 1 hotels. Hyatt has also introduced a Work from Hyatt package that lets guests make the most out of a working vacation through March 2021.
Cardholders also get a free anniversary night reward at any category 1-4 Hyatt hotel or resort. Plus, if you spend $15,000 or more during your cardmember anniversary year, you earn an extra free night at a category 1-4 hotel. Enjoy automatic World of Hyatt Elite status and 5 qualifying night credits every year as long as your account is open. Plus, you’ll earn 2 qualifying night credits towards tier status every time you spend $5,000 on your card.
Of course, it wouldn’t be a good hotel credit card if it didn’t earn bonus points on hotel stays! Cardholders earn 9x points total for Hyatt stays (4x points per $1 spent at Hyatt hotels & 5x points per $1 earned if you’re a World of Hyatt member, Hyatt’s free hotel loyalty program). They also earn 2x points per $1 spent at restaurants, on airline tickets purchased directly from the airlines, on local transit and commuting, and on fitness club and gym memberships.
A Quick Word About the Chase 5/24 Rule
While both of these Chase credit cards are valuable additions to your wallet, you need to keep the “5/24 Rule” in mind.
Chase has an unofficial policy where your application for Chase credit cards is declined when you apply for five or more credit cards in the last 24 months. Even being listed as an authorized user counts as one of the 5 applications. It doesn’t matter which bank you applied at and it doesn’t matter if one of those five applications were declined. All applications are viewed the same.
So, before you apply for one of the Sapphire cards or the Ink Business Preferred, make sure you have fewer than 5 credit card applications in the most recent 24 months. If you’re not sure how many credit card applications you have, you can find out with your free credit score.
Time Chase Card Applications Smartly
Also, you may have to space your applications if you want both of these cards. One option is waiting at least three months between applications. This gives you time to earn the signup bonus with each card. Plus, some Chase card owners report having their second application declined when it was submitted within three months of the first card.
Chase Transfer Partners
We’ve mentioned Chase’s transfer partners several times now. Here is the full list of partners:
- Aer Lingus AerClub
- British Airways Executive Club
- Emirates Skywards
- Air France KLM Flying Blue
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
- IHG Rewards Club
- Marriott Bonvoy
- World of Hyatt
Hopefully, we’ve explained how valuable Ultimate Rewards can truly be, especially if you like flexibility and use the airline and hotel partners. As you can see, many of these partners have properties and airport hubs around the globe.
The competition to find the best Chase credit cards is tough. But, the Sapphire Preferred, Reserve, and Ink Business Preferred take the top spots for us. With these cards, you know you earn the most points on each purchase. Plus, you have great redemption options and card benefits.
If you could only use three of the best Chase credit cards for all of your travel and non-travel spending, which credit cards would you use? While you could do a flexible travel rewards credit card and your favorite airline and hotel card, you might not get the most value out of every dollar you spend. That’s why you should consider the “Chase Trifecta” which will let you enjoy some of the most valuable point redemption values of any credit card rewards program by maximizing 3 of the best Chase Ultimate Rewards credit cards.
What is the Chase Credit Card Trifecta?
The literal meaning of a trifecta is a type of bet in horse racing where you must choose the top three finishers. As you might guess, the Chase trifecta is the top three cards that earn the highest amount of Ultimate Rewards points on each purchase. By owning three of the best Chase credit cards, you can earn up to 5 points on any purchase. It doesn’t matter if it is travel or non-travel related!
As you may already know, each Chase Ultimate Rewards point is always worth at least one cent (10,000 points=$100). For many other credit cards, this is the most any reward point is worth for select rewards like cash back or award travel. With the Chase trifecta, your points can even be worth at least 1.25 cents apiece when you redeem them for award travel. All of a sudden, those same 10,000 rewards points can be worth $125 or more depending on how you redeem them for travel.
How To Complete The Best Chase Credit Card Trifecta
Not any Chase credit card can be used to complete the Trifecta. You will need the three following cards:
Chase Sapphire Preferred
Ideal Purchases: Travel and Dining (Unlimited 2x points)
Annual Fee: $95
Many travelers think of the Chase Sapphire Preferred® Card as the best travel credit card as your points are worth 1.25 cents each when you redeem them for any award travel on the Chase travel portal. Alternatively, they can be transferred to many 1:1 air travel and hotel loyalty programs like United, Southwest, British Airways Avios, Hyatt, and Marriott.
Chase Sapphire Preferred Bonuses and Perks
In addition to the flexible redemption options, you can earn unlimited 2x bonus points on all travel and dining purchases. You will earn the base rate of 1 point per $1 on all remaining purchases. As a new cardholder, you will also have the opportunity to earn 60,000 bonus Ultimate Rewards points after spending $4,000 in the first 3 months (worth $750 in award travel).
Use the Chase Sapphire Preferred for your travel and dining purchases to earn 2 points for every dollar spent.
If you also want to enjoy premium travel rewards like a $300 annual travel credit, free airport lounge access, and the chance to earn 3x Ultimate Reward on dining purchases (instead of 2x points) you need to apply for the Sapphire Reserve benefits instead, although the annual fee is $550. Note that you can also earn 3X points on travel immediately after earning your $300 travel credit with the Sapphire Reserve. The $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
Chase Ink Business Preferred Credit Card
Ideal Purchases: Travel and Business-Related Purchases (3x points on first $150,000 in combined spending)
Annual Fee: $95
You do need to qualify for a business card account, (i.e. be self-employed or own a small business) to apply for the Ink Business Preferred® Credit Card. The Chase Ink Business Preferred is the business version of the Chase Sapphire Preferred as it has the same annual fee. Your points are worth 1.25 cents each when redeemed for travel or you can transfer them to a 1:1 Chase travel partner.
Since this card earns 3x points on travel, use the Ink Preferred to book your trips until you max out the $150,000 spending limit. After that, you will only earn 1 point per $1 for travel and business category spending, so use the Sapphire Preferred after this point for travel. You will earn 3x points on the first $150,000 spent in the following purchase categories:
- Shipping purchases
- Internet, cable, and phone services
- Social media and search engine advertising
Buy Cell Phones with Ink Preferred
Another added benefit of owning the Ink Business Preferred® Credit Card is the cell phone protection benefit that pays $600 per claim. If you decide to buy the iPhone X and it is either damaged or stolen, Chase will pay the next $600 per claim after you pay the $100 deductible.
Chase Freedom Flex – Best Chase No Annual Fee Card
Ideal Purchases: Everyday Purchases and Rotating 5x Points Bonus Categories
Annual Fee: $0
The Chase Freedom Flex℠ is a tiered cash back rewards card with no annual fee. By owning either the Ink Business Preferred or a Chase Sapphire, your Ultimate Rewards points can be redeemed at 1.25 cents for Chase award travel or transferred to a 1:1 travel partner.
Where the other two card families (Ink and Sapphire) will only earn 1 point per $1 on everyday purchases, you can earn 5 points per $1 on the first $1,500 each quarter in select categories (7,500 points vs. 1,500 points) that are activated. The bonus categories change every calendar quarter.
For the quarters where some of the bonus categories overlap with the Sapphire travel and dining bonus rewards, use the Chase Freedom Flex℠ to earn 5 points instead of 2 points, until you spend $1,500 or the bonus category changes.
Chase Freedom Unlimited: Up to 5% Cash Back on All Purchases
If you would rather earn at least 1.5x points per $1 for all spending without having to worry about activating any bonus categories, the Chase Freedom Unlimited® is the option you may be looking for. Cardholders earn unlimited:
- 5% cash back on travel purchased through Chase Ultimate Rewards
- 3% cash back at restaurants, including takeout and eligible delivery services
- 3% cash back on drugstore purchases
- 1.5% cash back on all other purchases
There is no annual fee with the Chase Freedom Unlimited.
Also, new Chase Freedom Unlimited® cardholders can earn a $200 bonus after spending $500 on purchases in the first 3 months from account opening. Plus, earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
Like the Chase Sapphire Preferred, cardholders also have DoorDash and Lyft benefits. These include 5% cash back on Lyft rides through March 2022 and 3 months of DashPass, DoorDash’s subscription service that offers unlimited $0 delivery fees, and reduced service fees on orders of $12 or more.
Just Don’t Forget the Rules
One of the most dreadful barriers to getting the best travel rewards credit cards is the Chase 5/24 Rule. If you have five new credit cards in the last 24 months, Chase declines your application until you only have four new credit card accounts in the most recent 24 months. Since Chase has many of the best travel rewards credit cards, they have been applying the 5/24 rule to most co-brand airline and hotel cards too.
Your only option can be waiting until you are “4/24” and hoping the rewards card you want is still available or has an enhanced signup bonus. If you don’t have five new credit cards (either as the primary or authorized user) in the most recent 24 months, you might try applying for one of these cards.
How To See If Chase 5/24 Affects You
The easiest way to see if you have at least five new credits in the past 24 months is to check your credit report at AnnualCreditReport.com or a free credit score website. The most accurate way is to look at the account age of your credit cards. If five or more accounts have been open 24 months or less, you need to wait until four or fewer accounts are younger than 24 months.
What Is The Best Chase Credit Card To Get?
Best Premium Flexible Travel Rewards: Chase Sapphire Reserve
As the “crown jewel” of the credit cards that earn Ultimate Rewards, the Chase Sapphire Reserve® can be well worth the wait. You will benefit the most from this card if you are a frequent flyer thanks to its air travel benefits:
- $300 annual travel credit
- Free Global Entry or TSA PreCheck
- Priority Pass Select airport lounge membership
You also earn unlimited 3x points on travel (once eligible) and dining plus 1 point per dollar spent on all non-bonus spending. Another reason to get the Sapphire Reserve is for your flexible redemption options. Your points are worth 1 cent each for cash rewards, gift cards, and Amazon.com shopping credits. But you can get more benefit when redeeming for travel:
- 50% redemption bonus when booking travel through Chase
- 1:1 point transfers to airline and hotel Ultimate Rewards partners
Some of the 1:1 transfer partners include Southwest Airlines, United Airlines, Marriott, and Hyatt.
If you meet the Chase Sapphire application rules, you can earn 50,000 bonus Ultimate Rewards worth $750 in award travel. You earn this bonus by spending $4,000 in the first three months. The annual fee for the Sapphire Reserve is $550. After the $300 travel credit, the effective annual fee is $250. There isn’t a foreign transaction fee.
Best Chase Business Credit Card: Ink Business Preferred
All three Ink Business cards fall under the Chase 5/24 rule. The Ink Business Preferred® Credit Card has the most valuable Ultimate Rewards signup bonus. You get 100,000 bonus Ultimate Rewards worth $1,250 by spending $15,000 in the first three months.
You will earn 3 points per $1 on the first $150,000 in combined spending for these purchase types:
- Internet, cable, and phone services
- Advertising on social media and search engines
All other purchases earn an unlimited 1 point per $1 spent. Since the Ink Business Preferred is basically the business version of the personal Chase Sapphire Preferred® Card, you don’t get premium travel benefits. But, you still get 25% travel redemption bonus and access to the Chase 1:1 transfer partners.
The annual fee is $95 with zero foreign transaction fees.
Best Chase Airline Credit Card: British Airways Visa Signature Card
If you plan on flying to Europe or want to book award flights on American Airlines using Avios, the British Airways Visa Signature® Card offers a bonus offer of 100,000 Avios. To earn the full bonus, earn 50,000 Avios after spending $3,000 on purchases within the first 3 months from account opening. Plus earn an additional 50,000 Avios after spending $20,000 on your purchases within your first year of account opening.
You will also earn 3 Avios per $1 spent on purchases with British Airways, Aer Lingus, Iberia, and Level. British Airways Visa Signature Card cardholders also earn 2 Avios per $1 spent on hotel accommodations. All other purchases earn 1 Avios per $1 spent.
British Airways Travel Together Ticket
Spending $30,000 a year also gives you the British Airways Travel Together Ticket that provides a free companion seat when you book your Trans-Atlantic flight with Avios.
If you’re comfortable paying the fuel surcharges for long-haul British Airways award flights, better use of redeeming Avios are on these flights:
- Short-haul flights in Europe or Asia from 4,000 Avios
- Domestic American Airlines flights under 1,151 miles for 7,500 Avios
- Flying Alaska or American Airlines to Hawaii for 12,500 Avios one-way
If you prefer booking directly from domestic carriers, the co-brand United Explorer and Southwest Rapid Rewards credit cards are good alternatives too.
Learn more: Airline Credit Cards
These cards are also worthy of mentions, especially if you are loyal to one of the brands that Chase is a partner with.
Marriott Bonvoy Boundless Credit Card
The Marriott Bonvoy Boundless™ Credit Card comes with the ability to earn 75,000 bonus points by spending $3,000 on purchases in the first three months of account opening.
You also get a free night award valid at any hotel costing 35,000 points or less after each account anniversary. Since Marriott acquired the Starwood Preferred Guest program, this free night is available at Marriott and Starwood properties. Cardholders can earn 6x Bonvoy points per $1 spent at over 7,000 participating Marriott Bonvoy hotels. Earn 2x points per $1 spent on all other purchases.
Cardholders also get 15 Elite Night Credits each calendar year and don’t have to worry about foreign transaction fees. They can also enjoy automatic Marriott Silver Elite loyalty status too.
Learn more: Hotel Rewards Credit Cards
Southwest Rapid Rewards Priority Card
The Southwest Rapid Rewards® Priority Credit Card earns 2x points per $1 spent on all Southwest purchases. You earn 1x point per $1 spent on all other purchases. Additionally, cardholders earn 7,500 bonus points each account anniversary, a $75 annual Southwest travel credit, 4 upgraded boardings per year (subject to availability).
New cardholders can earn 40,000 bonus points after spending $1,000 in purchases in the first 3 months of account opening. And of course with Southwest, travelers can check-in up to two bags for free. The annual fee for this card is $149.
Related: Best Southwest Credit Cards
Ink Business Cash Credit Card
The Ink Business Cash® Credit Card is sorta like the business version of the Chase Freedom Flex℠. Cardholders earn 5% cash back on the first $25,000 spent in combined purchases annually at office supply stores and on internet, cable, and phone services. They also earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and at restaurants annually. All other purchases earn an unlimited 1% cash back.
New cardholders can earn $750 cash back after spending $7500 on purchases within the first 3 months of account opening. Employee cards come at no extra cost. There is also no annual fee to worry about.
Summary on Best Chase Credit Cards 2020
The Chase 5/24 rule makes you evaluate how to maximize your next credit card application. Thankfully there are a few great options that help you maximize each purchase more than before. Just be aware of the Chase 5/24 rule in order to have the best chances for approval.
- Review of the Chase Ink Business Preferred
- Do Ultimate Rewards Points Expire
- Is the Sapphire Preferred the Best Travel Card?
- Best Rewards Portal Comparison
- How Can I Get A Chase Credit Card Offer?
Chase Sapphire Preferred® Card
- 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, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel 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 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
- 1 The Best Chase Credit Cards for 2020
- 2 What Are The Best Credit Cards for Chase Bank Customers?
- 3 Best Travel Chase Credit Card: Chase Sapphire Preferred Card
- 4 Best No Annual Fee Cash Back Chase Card: The Chase Freedom Flex
- 5 Premium Chase Travel Credit Card Option: Chase Sapphire Reserve
- 6 Best Chase Credit Cards for Business: Ink Business Preferred
- 7 Best Hotel Credit Card: World of Hyatt
- 8 A Quick Word About the Chase 5/24 Rule
- 9 Chase Transfer Partners
- 10 Recap
- 11 What is the Chase Credit Card Trifecta?
- 12 How To Complete The Best Chase Credit Card Trifecta
- 13 Chase Sapphire Preferred
- 14 Chase Ink Business Preferred Credit Card
- 15 Chase Freedom Flex – Best Chase No Annual Fee Card
- 16 What Is The Best Chase Credit Card To Get?
- 17 Honorable Mentions
- 18 Summary on Best Chase Credit Cards 2020