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Best Chase Credit Cards of August 2020

NerdWalletAugust 3, 2020

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Chase credit cards are known for great rewards — including both sign-up bonuses and generous rates on spending — and a fantastic points program. Chase issues some of the best co-branded airline, hotel and store credit cards on the market. Its own Chase-branded products, described here, include outstanding travel, cash-back and small-business cards.

NerdWallet's Best Chase Credit Cards of August 2020

Best Chase Credit Cards From Our Partners

Our pick for

Flat-rate cash back

Chase Freedom Unlimited Credit Card

on Chase's website

on Chase's website

Annual Fee

$0

Regular APR

14.99% - 23.74% Variable APR

Intro APR

0% on Purchases for 15 months

Recommended Credit Score
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn unlimited 1.5% cash back on all other purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open.
  • See if you qualify for a better offer with Chase:

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn unlimited 1.5% cash back on all other purchases.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open.
  • See if you qualify for a better offer with Chase:

The Chase Freedom Unlimited® gives you a solid rewards rate, a lengthy 0% intro APR period and a fairly easy-to-grab sign-up bonus for an annual fee of $0.

Pros

You earn unlimited 1.5% cash back on every purchase, and you can redeem your cash back in any amount at any time, with no minimum redemption amount. (Also, new cardholders earn 5% cash back on grocery store purchases — not including Target or Walmart purchases — on up to $12,000 spent in the first year.)Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. If you're a maximizer, you can transfer your rewards to one of Chase's Sapphire cards to boost their value by 25% or 50%.

Cons

The 1.5% rewards rate is more or less standard nowadays. You can get higher rewards rates on other cards, although you'd be hard-pressed to match this card's combination of benefits.

Our picks for

Travel rewards

Chase Chase Sapphire Reserve Credit Card

on Chase's website

on Chase's website

Annual Fee

$550

Regular APR

16.99% - 23.99% Variable APR

Intro APR

N/A

Recommended Credit Score
  • Earn 50,000 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®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21.

With its $550 annual fee, the Chase Sapphire Reserve® might look like a luxury card. But avid travelers know better. Rich rewards and generous perks could make this card a deal, even at $550.

Pros

You get 3 points per dollar spent on travel and dining and 1 point per dollar on all other spending. Points are worth 1.5 cents apiece when redeemed for travel booked through Chase, or you can transfer them to a dozen hotel and airline partners. You get $300 a year in credit for travel expenses, Priority Pass airport lounge access and reimbursement for the application fee for TSA PreCheck or Global Entry. And don't forget the big sign-up bonus.

Cons

The fee is a significant out-of-pocket expense, and much of the value of the card is tied up in the $300 annual travel credit. Get this card only if you are a dedicated traveler.

Chase Sapphire Preferred Credit Card

on Chase's website

Annual Fee

$95

Regular APR

15.99% - 22.99% Variable APR

Intro APR

N/A

Recommended Credit Score
  • 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 & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises 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 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
  • See if you qualify for a better offer with Chase:

If you love to travel but can't stomach the fee on the Chase Sapphire Reserve®, check out its sibling card. The Chase Sapphire Preferred® Card offers elevated rewards on travel and dining and a sign-up bonus that's worth just as much.

Pros

Earn 2 points per dollar on travel and dining, and 1 point per dollar on all other purchases. Airfare, hotels, cruises, taxis, rental cars and train tickets are all categorized as travel purchases. Consistent with all Chase rewards cards, you can earn unlimited points, and the points don’t expire. Points are worth 25% more when you redeem for travel booked through Chase. Or you can transfer them to several frequent traveler programs at a 1:1 rate. 

Cons

Since this is a general-purpose travel card, it doesn't come with the kinds of perks that are standard on branded airline and hotel cards in the same price range.

FULL LIST OF EDITORIAL PICKS: BEST CHASE CREDIT CARDS

Click the card name to read our review. Before applying, confirm details on the issuer’s website.

CONSUMER CREDIT CARDS

Our pick for: Flat-rate cash back

The Chase Freedom Unlimited® pays a simple, flat cash-back rate on all purchases. You can redeem cash back in any amount (no minimum redemption), or transfer your rewards to one of Chase's Sapphire travel cards for more value. There's an outstanding introductory 0% APR period for purchases, plus a solid sign-up bonus. Read our review.

Our pick for: Bonus category cash back

The Chase Freedom® offers bonus cash back in quarterly categories that you activate. In past years, those categories have included common spending areas like gas stations, grocery stores, department stores and drugstores. Category activation can be a hassle, but if your spending matches the categories — and for a lot of people, it will — you can rack up hundreds of dollars a year. There's a nice sign-up bonus offer and a 0% intro APR period, too. Read our review.

Our pick for: Travel rewards

The high annual fee on the Chase Sapphire Reserve® gives many potential applicants pause, but frequent travelers should be able to wring enough value out of this card to more than make up for the cost. A fat sign-up bonus, annual travel credits, airport lounge access, 3X points on travel and dining, and a 50% boost in point value when you redeem for travel booked through Chase all add to the appeal. Points can also be transferred to about a dozen airline and hotel partners. Read our review. 

Our pick for: Travel rewards

The Chase Sapphire Preferred® Card earns 2X points on travel and dining for a reasonable annual fee. Points are worth 25% more when you redeem them for travel booked through Chase, or you could transfer them to about a dozen airline and hotel partners. The sign-up bonus is stellar, too. Read our review. 

Our pick for: Balance transfers

The debt-busting features of the Chase Slate® make it possible to pay off balances without interest or fees. Read our review.

BUSINESS CREDIT CARDS

Our pick for: Travel rewards for small business

The Ink Business Preferred® Credit Card starts you off with one of the biggest sign-up bonuses of any credit card anywhere (assuming you spend enough to earn it), then gives you bonus rewards in common business spending categories. Points are worth 25% more when redeemed for travel booked through Chase, or you can transfer them to about a dozen airline and hotel partners. Read our review.

Our pick for: Flat-rate cash back for small business

The Ink Business Unlimited℠ Credit Card earns a simple, flat cash-back rate on every purchase, with no limit on how much you can earn. The sign-up bonus is outstanding for a cash-back card, particularly one with no annual fee, and there's an introductory 0% APR period for purchases. Read our review. 

Our pick for: Bonus cash back for small business

If your business's spending matches the bonus categories on the Ink Business Cash℠ Credit Card, you can rack up some serious cash back. (If not, then look elsewhere.) There's an excellent sign-up bonus for a no-annual-fee cash-back card, plus an introductory 0% APR period for purchases. Read our review. 

Other cards issued by Chase

Chase issues branded credit cards in partnership with airlines, hotels and others. Learn more about these cards by reading the reviews linked below:

United Airlines credit cards

Southwest Airlines credit cards

Hotel credit cards

Other credit cards

Last updated on August 3, 2020

Methodology

NerdWallet's credit cards team selects the best cards in each category based on overall consumer value. Factors in our evaluation include fees, promotional and ongoing APRs, and sign-up bonuses; for rewards cards, we consider earning and redemption rates, redemption options and redemption difficulty. A single card is eligible to be chosen in multiple categories.