Getting a credit card is an important financial decision. Credit cards are often a double-edged sword which can benefit or harm you financially. If you practice good discipline with your cards and pay them on time, then you will be able to reap many benefits associated with these cards. The card that you get also depends on your own habits. If you travel often, then it is advisable to get cards that will compensate your flights and associated costs. Though, not everyone is a frequent traveler. Some cards are more focused on everyday purchases or even business expenses. This is a list of the 10 best cards that Chase has to offer in 2019. In order to select the card that is right for you, you should be familiar with all the benefits that each card has to offer. Credit cards can be a great opportunity to further your credit score, but it is important to use them responsibly. This guide will give you better insight into the best credit cards that Chase has to offer.
10. Chase Slate
The Chase Slate is a good introductory credit card that has many features that a first-time cardholder would find beneficial. Credit cards are tools that can negatively or positively impact someone’s finances. Therefore, it is important to use credit cards to help you rather than hurt you. If you are new to the credit card arena, then a beginner card like the Chase Slate will give you a feel for how the entire industry works. With 0 fee transfers for the first 15 months and no annual fee, the Chase Slate will also introduce some of the perks of having a credit card. While the benefits are not as extravagant as some of the other cards that will be reviewed, it does have its own advantages. Another benefit that this card provides is free credit score checks. This is the perfect way to learn how to build your credit score. The way that Chase has set the card up, checking to your credit score will not affect it negatively.
9. Chase Freedom
The Chase Freedom card is where the benefits start getting turned up a notch from the Chase Slate. There is a $150 bonus available when you spend $500 on purchases. This simply means that in order to get a free $150, you have to spend $500 in the first 3 months of opening the account. This is the double edge of credit cards in action. If you spend money that you can’t afford, then any bonuses that you get will not be worth it. However, if you are responsible consumer than you will be able to utilize the $150 with little downside. The Chase Freedom credit card also features 5% cashback on a given category. If you frequently find yourself buying something, then this can be leveraged for a monetary advantage. As well, this card has no annual fee. This is a good card for consumers who want more benefits but still have a relatively small credit line. If you use credit cards moderately and want to enjoy benefits on a selected category, then this could be a good card for you.
8. Chase Freedom Unlimited
The Chase Freedom Unlimited is a card that you can initially hold a little more debt on, relative to other credit cards. That’s because there is 0% APR within the first 15 months of opening the account. This means that you can avoid interest for a predetermined period of time. This is a good feature to have if you are making a large amount of purchases in the immediate future. But the buyer must beware of this card because after the 15 month grace period is up, the interest payments rapidly go up. This means that any purchases made with the card should be paid in full by this date. Given that many people make poor financial decisions and hold the balance into the interest period, you have to know yourself. If you have practiced poor financial discipline in the past, then this can be an opportunity to either make it worse or to turn it around. Credit cards can actually have many positive financial benefits if practiced responsibly. However, this takes diligence and discipline. The Chase Freedom Unlimited card is a great card, but it must be used wisely.
7. United MileagePlus Club Card
The United MileagePlus Club Card can give you a preview of the luxuriousness that comes with properly maintaining your credit. Though this card comes with one major drawback, a $450 annual fee. Whether the card is worth it or not depends on how much use it and what you will get out of the perks. Some of the biggest features of the card include United Club access and two free checked bags. If you fly often and pay large fees for bag storage, then the 2 free checked bags alone will be worth the price of the card. United Club access is a nice perk as well. The United Club currently has 45 locations at major airports throughout the world. It is a swanky lounge that gives people a place to rest and relax in between flights. The value of the additional checked bags and the lounge depends on your style and how much you travel. There are also an additional 50,000 frequent flyer miles available if you make $3,000 worth of purchases in the first 3 months of opening the card. This card can either be favorable or unfavorable depending on how often you use the perks.
6. Ink Business Preferred Credit Card
The Ink Business Preferred card is customized for people who own a business. It is the perfect card for people who make a high volume of repeat purchases, such an inventory. The card offers 3x points for many purchases that could be related to the business. This includes travel, marketing, advertising, cable and phone services. Regardless of what you need for your business, this card will likely reward you for your purchases. However, the card does come with an annual fee of $95. There is even an option to create additional cards for your employees that draw credit from the main account. This way your business will have an easier time accumulating points. It also provides a better opportunity to monitor business costs. The card also comes with 80,000 bonus points if you spend $5,000 on purchases in the first 3 months. These points can be redeemed for gift cards at many different retailers, including Amazon. This card presents several ways to continue to grow and build your business. It should be a serious consideration for any business owner.
5. Ink Business Cash Credit Card
Similar to the Ink Business Preferred card, the Ink Business Cash credit card offers the ability of an employer to provide “multiple cards for their employees. This allows the business to accumulate benefits faster by accruing points through multiple purchases. The big difference for the Ink Business Cash card is that the perks are more limited. However, there is no annual fee for the card and common small business purchases such as internet and office supplies still provide 5% cashback. This is the ideal card for smaller businesses that will have a hard time reaching the $5,000 bonus spending requirement of the Ink Business Preferred card. However, if your company can spend $3,000 in the first 3 months then you will receive $500 bonus cash. This could be the right card for your business depending on the spending habits of the business and how many employees you have. Revenues and spending habits will ultimately determine whether the Ink Business Cash card or the Ink Business Preferred card offer a better long-term outcome.
4. Chase Sapphire Reserve
The Chase Sapphire Reserve continues to add benefits for individual users. However, it comes with a large annual fee of $450 that offsets some of these benefits. However, there are a handful of perks that make up for the large annual fee. The card comes with 50,000 bonus points if the cardholder is able to spend $4,000 within the first 3 months of opening the account. The card also comes with a $300 annual travel credit which is effectively a reimbursement on travel purchases done through the card. If you travel often, this reimbursement can go a long way in making up for the large annual fee. As with many of these cards, the best choice will depend on your personal spending habits. There are also extra rewards for dining purchases, which are credited at 3x points. Other purchases equate to one point per dollar spent. Like the other cards, these points can be spent at various retailers such as Apple and Amazon. If you enjoy fine dining and travel, then this card should be on your short list.
3. United TravelBank Card
The TravelBank Card is a great specialty card if you enjoy United flights. Chase partnered with United for this card in order to provide a unique set of benefits for the cardholder. If you often fly on United, you will be pleased to know that the card offers several perks that are exclusive to United customers. You will receive 25% cashback on food and beverages that are purchased on United flights, as well as receiving discounts on Wi-Fi and other benefits that are associated with traveling on United. If you spend $1000 within the first 3 months of opening the account, then a $150 United TravelBank cash credit will be added to your account. This can be used for purchasing tickets and other perks at United. In fact, you will save 2% on every United ticket that you purchase with this card. While this card is more niche than Chase’s other offerings, it is excellent for the large subset of travelers that prefer to fly with United. This card can compliment other cards well and will give you extra options for flying when you travel.
2. Chase United Explorer Card
The Chase United Explorer Card is the perfect card for someone who often travels within the country. Though it does not offer a reduction of foreign transaction fees, there are still plenty of perks for someone who travels often. Take, for example, the priority boarding that comes as a bonus with the card. Priority boarding allows the cardholder to quickly and easily get on the plane without the extra hassle that most other patrons face. This is a great way to save time and frustration at the airport. For frequent travelers, this benefit is worth getting the card in and of itself. In addition to the other traveling perks, the first bag checked is free. This card will make your entire airport experience easier from start to finish. There is no annual fee for the card, and you earn 40,000 airline miles for signing up. This is not to mention an additional 2 miles per $1 spent at hotels and restaurants. If you travel often then this is the perfect card to minimize hassle and maximize returns
1. Chase Sapphire Preferred Card
Many credit card experts agree that the Chase Sapphire Preferred card offers the best all-around benefits for the average consumer. The most immediate and noticeable perk is the 60,000 bonus points that are credited after spending $4,000 in 3 months of opening the account. Similar to the other cards, the Chase Sapphire Preferred card offers dining and travel benefits. The cardholder will earn 2x points for any travel and dining purchase. If you often travel out of the country, you will be pleased to know that there are no foreign transaction fees for this card. The points also transfer to a variety of airline and hotel partners who provide various services. Some of these include the Marriot and Hyatt hotel chains and the Virgin Atlantic and British Airways flying clubs, among many others. The card comes with a $95 annual fee, which is reasonable for all the perks that are offered. One of the nicest features is the 25% bonus the card offers when its points are redeemed for hotel, airfare, and car rentals. It is hard to deny that the Chase Sapphire Preferred card gives the most benefits to the average purchaser. There is no way that this card will let you down once you get acclimated to its perks.