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Guide to Chase Credit Cards

This article was written by in Credit. 10 comments.


If forced to categorize, I’ve found that there are two main types of credit card users. Type A credit card users use debt to buy what they cannot afford and often pay much more than they need to thanks to interest. On the other side of the spectrum, Type B credit card users take advantage of deals offered by the issuing companies, like cash back, pay their credit card bills on time and in full, and never pay interest. Of course there are some grey areas in between, but these are the main philosophies. Type B users should know what deals are available, and this post contains a list of popular Chase credit cards.

Chase Platinum Business Card

0% APR for 12 months on purchases and balance transfers, as low as 11.24% APR on purchases thereafter
No annual fee

The introductory rate of 0% APR is a good draw for this card, but watch out for the balance transfer fee. If you transfer a balance from another card when applying for the Chase Platinum Business Card, your balance will be subject to a 3% fee, no less than $5 and no more than $99. This is a business card, but if you do not have a business, you can still be approved. Businesses are not required for “business” credit cards. Your social security number doubles as a business tax identification number.

Chase Business Rebate Visa Card

0% APR for 12 months on purchases and balance transfers, as low as 13.24% APR on purchases thereafter
No annual fee

The Chase Business Rebate Visa Card has a higher standard interest rate than the Chase Platinum Business Card, but Type B credit card users do not need to worry about the APR. You’ll be interested in this card thanks to the cash back rewards. When you use this card, you will receive 3% cash back on all purchases at restaurants, gas stations, office supply stores, building supply stores, hardware and home improvement stores. Everywhere else, you’ll receive 1% cash back. These rebates only pay off for those who pay the entire credit card bill every month. Any interest charge thanks to a late or incomplete payment will negate the value of cash back.

The cash back is earned in the form of points. 1 point is earned for every dollar spent (if the merchant is not of the special 3% types listed above). To receive a $50 check, cash in 5,000 points.

Chase Business Cash Rewards Card

0% APR for 12 months on purchases and balance transfers, as low as 13.24% APR on purchases thereafter
No annual fee

With the Chase Business Cash Rewards Card, you have the potential to earn more cash back for your purchases, but the system is a bit more complicated. For the first $2,000 you spend during each billing period (month), you earn 1% cash back (in the form of points). The $2,000 is your net purchase amount, so if you buy a product on which you earn points and later return that product, your rewards are reduced by the value of the returned item. For every dollar you spend between $2,000 and $2,500 in one period, you will earn 5 points per dollar. For every dollar you spend above $2,500, you will earn 1.25 points. This structure allows the card to advertise “5% cash back,” even though that 5% is only available on at most $500 each billing period. (It’s always helpful to read the fine print.)

Chase TravelPlus Visa Card

0% APR for 12 months on purchases and balance transfers, as low as 17.24% APR on purchases thereafter
No annual fee

While the Chase TravelPlus Visa Card required no annual fee for its use, it’s worth saying up front that the travel rewards program has an annual fee of of $29. That fee will appear on your first statement and allows you to redeem your miles for airline tickets, hotel stays, cruises, and car rentals, with no black-out dates. If these rewards, accumulated at the rate of 2 miles per $1 spent at an airline, car rental agency, or a lodging establishment and 1 mile per $1 elsewhere, are worth the $29 annual fee, then apply for this card.

Chase Freedom Credit Card (no longer available)

$50 cash back bonus
As low as 17.24% APR on purchases
No annual fee

The Chase Freedom® MasterCard is interesting. This card allows you to choose your type of rewards. You can switch between accumulating points and cash back no more than once each billing period. Also, you earn 3% cash back in the top three categories in which you spend the most each billing period. The fine print explaining this feature is quite extensive, so read footnote 2 completely before applying for the card to make sure you understand exactly how that works. Additionally, this card is offering a $50 cash back bonus once you make your first purchase.

Any of these cards would be a good addition to a Type B credit card user’s wallet. These rewards are decent, and it’s getting more difficult to find decent rewards programs as credit card companies continue to tighten.

Updated July 27, 2010 and originally published February 19, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 5 comments… read them below or add one }

avatar Ross

A hidden advantage of the Chase Freedom card is in the cash back rewards. You can redeem $200 worth of cash back rewards for a $250 check. Effectively multiplying your rewards by 25%.

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avatar rewards

Can you explain (or link to) how $200 of rewards == a $250 check?

Also, in footnote 2 it states that the maximum net balance that qualifies for the 3% rate is $600. Is that for each category, or across all three categories? If it is the latter, then it sounds like $2250/month is the breakeven point when compared to the EmigrantDirect card with 1.54% cash back.

i.e. $600×3% + $1650×1% ~= $2250×1.54% = $34.65

A decent bump nonetheless if you can focus on using that card on only three categories.

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avatar bufftbone

Chase also handles Sony’s credit card program that gets yo rewards points for free stuff through Sonystyle.com

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avatar joseph luke

question on2% cash back with $8.25 check if I read correctly u will bill me $59.99 twice and if I spend $5 thou u will then send me a check for $100. so my loss would only be $ 11.73 a year. Thanks but i will pass on to consumer board

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avatar Matthew K

Chase canceled the credit card I had with them after Chase Home Finance mistakenly foreclosed on my house. (6 weeks of phone calls to fix that one — the foreclosure that is.) They immediately raised my rate to 30% and have refused to acknowledge their mistake, much less correct it.

More recently they decided to stop taking the automated payments we had arranged, penalized me for their decision, and have raised my interest rate back up to 30% on the unpaid balance. They are working as hard as they can to make sure that I am never able to pay this credit card off.

For the last 3 weeks, they have been calling 8 to 12 times a day from a number that comes through as “Unavailable ID”. Half the time, there is no one there when I answer. The other half of the time, they refuse to identify either themselves or their company until I answer their questions (which I refuse to do.) Sprint has classified their behavior as harassment and has advised me to complete a police report so that they can pursue the matter further. I learned who has been calling when I called them today.

I can’t get rid of this card fast enough and I will never again have anything to do with Chase Credit Cards.

Bank of America is staffed by customer-caring angels compared to Chase.

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