Chase
National bank

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.

Chase credit cards

Chase Sapphire Preferred

Transferable points on a moderate annual fee, with no foreign transaction fees.

Annual fee $95APR 19.24% to 29.99%
Chase Freedom Unlimited

A no-fee everyday card with an unusually low spend requirement on the bonus.

Annual fee NoneAPR 18.24% to 29.99%
Chase Sapphire Reserve

Heavy travellers who will actually use the credits. At $795 the fee only works if the benefits are used, not admired.

Annual fee $795APR 19.49% to 29.99%
Chase Freedom Flex

Someone who will track and activate the quarterly categories. The cap means the 5% is worth at most $75 a quarter.

Annual fee NoneAPR 18.24% to 29.99%

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

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Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. Vault Nerd may receive compensation from partners featured on this site. This does not influence our editorial content.
Written by
Vault Nerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed August 2026 · How we research

Cite this page

“Chase.” Vault Nerd, https://www.vaultnerd.com/banks/chase, updated August 2026.

Sources
  • Chase published product and disclosure pages
  • FDIC national rates and rate caps