Best Chase Credit Cards - Consumer Cards Ranked

By Gavin | June 19, 2019

We're going to rank the best of the chase credit cards in the consumer category. Chase has five main cards in its consumer category, that we are going to look at where you decide, which are the best.

I'm going to rank them one through five now in this particular post. I am going to look at sort of two factors and those are sort of broad appeal and uniqueness in the marketplace.

Chase is a credit card issuer that tends to elicit a lot of passion among the people that carry their cards or in thinking of getting their cards partially because they have very interesting, rewards formulas on many of their cards, and there's the potential to combine points if you have more than one chase card.

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That is another thing that a lot of people are willing to go through, a lot of gyrations to try and maximize what they can get out of the chase program which is great. But in terms of these rankings, I'm not necessarily going to talk about that, we'll talk about the other considerations if you have multiple cards and that sort of thing after I rank the actual five cards here in the consumer category.

The Chase Freedom Card

Number one is the Chase Freedom Card, the original Chase Freedom Card, this is the one that gives you 5% back on the rotating categories that change each calendar quarter, you get 1% back on any of the purchases you make with the card.

In terms of the chase ultimate rewards program, that means five points per dollar on the purchases that you make within those rotating categories, one point per dollar and anything else you get $150 bonus with this card.

If you spend 500 bucks or more in the first three months of having it, pretty simple, no annual fee on this one. This is somewhat of a unique card in the market, because of the 5% rotating categories aren't that many, other cards that do it is the discovery, it probably being the main another card that most people think of. So the ability to get 5% cash back in a spending category is an attractive thing.

An easy card obviously to pair up with a different card

The other part about it is it's an easy card obviously to pair up with a different maybe flat cash back credit card for those purchases you make that don't fall into the 5% rotating categories each quarter.

So you got an easy bonus here, you can get that hundred fifty dollar bonus with only five hundred dollars to spend, that's not that big of a deal for most people on the bad side. At least as far as I'm concerned is the whole idea that these rotating categories, they make you opt in each quarter.

You have to go and actually say yes, I really do want that five percent in those purchase categories this quarter, which doesn't really make a whole lot of sense.

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If you've got the card in the first place then obviously you want the five percent in those five percent categories each time. They change each quarter, seems like a way just to make you do a little more work in order to actually get that extra bonus.

Because if you don't tell them that you want the five percent then you're only getting one percent on everything, and obviously that's not why you got the card in the first place, that's a little beef I have with this one. Although many people would tell me that you have all kinds of time to opt into that five percent, it's not that big a deal, but just something to throw out there.

Chase Sapphire reserve the card

Number two is the Chase Sapphire reserve the card that gets many people's blood rushing. This is a card that has a four hundred four in fifty dollars annual fee, you get a 300 dollar travel credit, you can earn a 50,000 point bonus. If you spend four thousand bucks in three months with the card you get a fifty percent boost on the points that you earn.

If you use them toward travel within the Chase Ultimate Rewards portal and those points are given three points on travel and dining, which would equate to four point five points. If used toward travel and Chase Ultimate Rewards one point on any other purchases you make with the card, which you can think of is one point five points.

If you use them toward travel within the Chase Ultimate Rewards program you have a one to one exchange rate if you want to put your points also toward other travel partners, and these are good partners. You got Southwest United Hyatt Marriott, so you can take your points on this card and transfer them to those partners as well which is nice. You've got Priority Pass lounge access here and there are other features as well.

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A lot of features on this card

The upside here is you get a lot for your money, plus you have a big bonus opportunity. There's just a lot of features on this card, so if you are someone that travels often this card is probably a no-brainer for you, because you're probably going to make that get that $300 travel credit because you are somehow purchasing, at least that much in travel throughout the year.

This card is going to make sense for you now. If you're not a frequent traveler this card obviously would not rank nearly as high for you, because it doesn't make sense to pay a $450 annual fee to get these features, especially if you're not going to get that $300 travel credit.

If you're not someone that purchases travel very often and you just want to try to earn toward travel then this card is not going to be as good for you. But if you're a frequent traveler great card.

The Chase Sapphire Preferred

Now the number three card here then is the Chase Sapphire Preferred, which is sort of the Chase Sapphire reserved light. In terms of having fewer features and fewer fees, this is a card that has no annual fee in the first year and then it has a ninety-five dollar annual fee after that same bonus opportunity, the 40,000 50,000 points.

If you spend four thousand dollars in three months you have the same ability to transfer points between the partners like Southwest and United and Marriott and Hyatt and the other ones.

You get two points per dollar on your travel, and dining here one point per dollar, and everything else if you use these points to go into the Chase Ultimate Rewards, tour travel within Chase Ultimate Rewards they are going to be worth one point two five points each.

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Means those two points on dining and traveling can think of as two point five points, the one point, and everything else you can think of as one point two five percent. Let's see is that everything? Yes, so the good thing here is that you can get some travel rewards without spending a whole lot of money.

Reserve card makes sense for who travel often

If you don't have enough travel that you would get that three hundred dollar travel credit with the Sapphire Reserve, it makes sense that this might be a card that is attractive to you. The reason we put it below the reserve is that for the most part, we feel like, if you are someone that travels often the reserve card makes a lot of sense. If you're someone that doesn't travel as often then not only does that card not make sense, but this card may not make sense to you either.

You might be better off with a cash back card. Now if you have things like you really want to hit those travel partners that in particular is something, that is good here that bonus opportunity obviously is very attractive, but in terms of this being a card to hold for the long term, it's a little harder to see who would want this card or at least who should want this card.

If you don't travel often if you're not spinning on travel it doesn't, it's not necessarily getting you a lot, and if you are spending a lot in travel that Chase Sapphire Reserve card makes more sense for you. So that's kind of why that one fits where it does.

Chase slate card

Now the number four card here is the chase slate card. This is a card that gives you a zero percent rate on your purchase and balance transfers for 15 months with the card, it has no annual fee, and the big feature is the fact that you pay no fee on your balance transfers within the first 60 days of having the card.

That is basically a category leader here, the BankAmericard is another card that does this usually, if you transfer a balance from one card to another you're going to pay a 3% fee or more upfront.

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When you actually transfer that balance with the chase slate card, you can transfer that balance, you don't pay any fee to transfer it, and you are not going to have to pay any interest for 15 months on it, so that is the huge feature with this one.

The big downside of course is this is a card that doesn't offer any rewards, and it really doesn't offer you anything beyond that. Once you get past those fifteen months it's just a regular credit card with no rewards and not even necessary.

All that great of features in comparison to other cards on the market which is why, while it has a nice feature with the balanced tranches, we still consider it number four among the chase cards.

Chace freedom unlimited

Now, number five is probably surprised to some people that pay attention to chase cards and that is Chace freedom unlimited. We're actually putting that at the bottom of the five chase cards for consumers, and the reason for that is the fact that there are many 1.5% flat cash back credit cards on the market, and the chase freedom unlimited is simply another one of them.

Yes, it does also have a bonus opportunity that same $150 bonus that the regular freedom card has if you spend 500 bucks, but there's not a whole lot else going on here and there are many other 1.5% cash back cards on the market.

And of course, there are other cards on the market that offer flat cashback rates that are even higher the City double cash being the easy example here. While 1.5% cash back is certainly not bad, and it's competitive in the marketplace.

There's nothing particularly unique about this card, that would have us rank it any higher. When we look at it against all these other chase cards that actually do have some unique features that maybe you can't get elsewhere within the credit card marketplace. So all of that being said, one of the big considerations here is for many people who are really trying to maximize your points in the chase ultimate rewards program.

Chase Sapphire Reserve has the 50% boost on your points

I talked about the fact that the Chase Sapphire Reserve has the one point the 50% boost on your points if you use them toward travel within ultimate rewards, and the Chase Sapphire Preferred had the 25% boost if you use them toward trail within that program.

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The nice thing is at least as of the making of this post, if you earn points through these other cards you can transfer them within your account. If you hold more than one chase card you can transfer them within your account and make those points worth 50% more, if you have the Chase Sapphire reserve even if when you earned them they were worth less than that.

It's sort of an interesting thing that Chase continues to let this go on, there have been many rumors that they're going to get rid of it, I have predicted they're going to get rid of it, but as of now, they're still not even get rid of it.

So for many people I talked about, the chase freedom unlimited as being the sort of the bottom of the barrel here, but if you think about having the Chase Sapphire reserve, for example, and having the chase freedom unlimited, while all of a sudden that 1.5% cash back that you would get with the chase freedom unlimited, put another fifty percent on that all of a sudden, it's a 2.25 percent rebate when it's used toward travel within the Ultimate Rewards program.

Assuming you have the Chase Sapphire reserve and again if you have the Chase Sapphire Preferred, you'd get the twenty-five percent bonus, which again takes it up to. I can't even do the math in my head right now, but it's going to take you up to a higher rate.

Combine more cards to get the extra boost

Then if you think about combining some of these cards together and getting that extra boost through the ultimate rewards program for travel only then it can make more sense, and then you have to think differently maybe in terms of how you would rank these cards.

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But again I'm looking at these cards in terms of widespread appeal uniqueness in the market, and for the most part I'm thinking of them, not for people that are going to hold multiple chase cards and sort of do these gyrations to get the extra rewards.

If you are someone that is willing to put that extra work in and you can qualify for the Chase Sapphire Reserve or the preferred then you also have the option to use those formulas to your advantage as well. That is it.

Other web page resource

The Best Chase Credit Cards of 2019: best-chase-credit-cards-4174789