Please ensure Javascript is enabled for purposes of website accessibility

Why Chase Credit Cards Offer Excellent Value for Every Consumer

By Jordan Wathen - Updated Jun 24, 2018 at 2:01PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

These three credit cards are among the very best Chase has to offer because of their low fees, high rewards, and long 0% intro APR periods.

This article was updated on June 24, 2018.

From high reward rates on purchases to 0% intro APRs for transferring balances, Chase has stepped up its promotions and reward offerings to give it a top spot in virtually every credit card category. Here are three Chase® credit cards that offer a compelling balance of low or no fees, long 0% into APR periods, and ample opportunity to earn bonuses and ongoing rewards.

Card Perk

Best Card

Best sign-up bonus

Chase Sapphire Preferred®

Best 0% intro APRs

Chase Slate® for balance transfers, Chase Freedom Unlimited® for purchases

Best cash back rewards

Chase Freedom Unlimited®

Get a fast start on rewards

From everyday spenders to travel hackers, there seems to be a consensus that the Chase Sapphire Preferred® is one of the best cards for sign-up bonuses. Qualifying cardholders receive a new cardholder bonus of 50,000 points after spending $4,000 in the first 90 days after account opening.

The new cardholder bonus is worth as much as $625 in travel value when redeemed through Chase's redemption portal, but cardholders may be able to do better by transferring their points to loyalty programs offered by major airlines and hotel chains. This is where the Chase Sapphire Preferred® really shines, offering a long list of transfer partners that's virtually unmatched by any other card issuer.

Ongoing rewards are generous, too. The card offers 2 points on restaurant and travel purchases and 1 point on all other spending. Frequent rental-car users will also like that it offers free primary collision-damage waiver protection that acts as primary insurance. Thus, cardholders who pay for a rental car with their card will enjoy free coverage for damage that steps in before their personal insurance does, potentially saving renters thousands of dollars in deductibles and higher premiums from a claim on a rental car. Most credit cards in this category only offer insurance that steps in after your personal auto insurance policy.

The only downside is that high sign-up bonus rewards and added perks don't come free. The card carries an annual fee of $95, which is waived in the first year. Thus, it's best for big spenders (or frequent rental-car shoppers), who can extract more value from the card than they pay in fees each year.

An up-close detail of a credit card. ranks credit cards from Chase as among the best in virtually every category. Image source: Getty Images.

0% intro APRs

Two cards from Chase offer a compelling 0% intro APR on purchases and balance transfers that can save cardholders $600 or more in interest, compared with a $5,000 balance on a competing card with a standard APR of 18%.

For balance transfers, look no further than Chase Slate®, which offers qualifying cardholders a 0% intro APR on balance transfers for 15 billing cycles. Importantly, qualifying cardholders also benefit from the fact it waives balance-transfer fees on balance transfers completed in the first 60 days after approval. Thus, one could theoretically transfer a balance to Chase Slate® and avoid any and all fees and interest on a balance for a full 15 billing cycles (roughly 15 months).

Those who need a credit card to finance a major purchase should instead turn to Chase Freedom Unlimited®. This card offers qualifying cardholders 0% intro APRs on new purchases for 15 billing cycles. In addition, cardholders may qualify for a $150 new-cardholder bonus and earn cash back at a rate of 1.5% on all of their purchases.

Simple cash-back rewards

The Chase Freedom Unlimited® card we already introduced isn't just a good 0% intro APR purchase card. It's also a compelling cash-back card for everyday spending. The card earns unlimited 1.5% cash back on purchases, putting it among the best no-annual-fee cash-back cards.

The Chase Freedom Unlimited® also scores high marks for the fact it offers an easy-to-obtain new cardholder bonus of $150 to qualifying cardholders, plus easy-to-use redemptions that have no minimum redemption requirement. Qualifying cardholders receive a $150 new-cardholder bonus after spending $500 in the first 90 days after account opening.

The typical cash-back or travel card frequently requires cardholders to accumulate as much as $25 to $100 in rewards before making a redemption. Thus, cardholders may wait many months -- even years -- before they collect enough in rewards to cash them in. The no-minimum policy also extends to purchases, which may be a decision-maker for frequent online shoppers.

Why Chase® credit cards

It wasn't all that long ago that American Express was the clear-cut leader in rewards cards, but Chase's new and improved card offerings give it top spots in the most competitive card categories. As someone who uses credit cards for virtually all of my spending, I've increasingly noticed that more and more of my spending volume has gone toward Chase® credit cards, given their above-average rewards and new-cardholder bonuses.

Whether you're in the market for a good 0% intro APR card, a fat sign-up bonus, or a high cash-back rewards rate, it's likely you'll find that Chase is almost always among the top three best choices in every category.

Jordan Wathen has no position in any stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool recommends American Express. The Motley Fool has a disclosure policy. The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. The statements above are The Motley Fool's alone and have not been provided or endorsed by bank advertisers. Review The Motley Fool’s ratings methodology to uncover how we pick the best credit cards.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned, Inc. Stock Quote, Inc.
$138.23 (-2.86%) $-4.07
American Express Company Stock Quote
American Express Company
$162.24 (-1.46%) $-2.41
JPMorgan Chase & Co. Stock Quote
JPMorgan Chase & Co.
$118.63 (-2.48%) $-3.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/19/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.