Chase
Rewards program: Chase Ultimate Rewards
The consumer bank of JPMorgan Chase and the largest US bank by assets. Runs Ultimate Rewards, whose points transfer to a wide set of airline and hotel partners.
Strengths
- Ultimate Rewards transfers 1:1 to several airline and hotel programmes, which is where outsized redemption value comes from
- One of the largest branch and ATM networks in the country
Watch out for
- The 5/24 guideline means applications are commonly declined if you have opened five or more cards across all issuers in 24 months
Judging their deposit rates
The FDIC national average for savings is 0.38% and 1.68% for a 12-month CD, as of July 20, 2026. Those averages are weighted across every insured institution, so a competitive online account usually pays several times them. Compare any rate Chase quotes against that rather than against the word “high-yield”.
Source: FDIC national rates and rate caps.
Frequently asked questions
Is Chase insured?
Deposits at Chase are covered by FDIC insurance up to $250,000 per depositor, per insured bank, per ownership category. Verify current coverage with the institution before depositing above that amount.
What is Chase best at?
Ultimate Rewards transfers 1:1 to several airline and hotel programmes, which is where outsized redemption value comes from. One of the largest branch and ATM networks in the country.
What should I watch out for with Chase?
The 5/24 guideline means applications are commonly declined if you have opened five or more cards across all issuers in 24 months.
Other institutions
Researching and writing about Canadian personal finance since 2026.
Last reviewed August 2026 · How we research
“Chase.” VaultNerd, https://www.vaultnerd.com/banks/chase, updated August 2026.
- Chase published product and disclosure pages
- FDIC national rates and rate caps