One of the largest banks in US. Chase branches are open in 38 states with more than 4700 branches and 16000 ATMs.
Wide variety of services and solutions. JPMorgan Chase offers a wide variety of personal, business, and commercial services and solutions.
Chase Checking and saving accounts Pros&Cons
Good choice of checking and savings accounts. Chase offers a variety of checking options for different groups of customers: everyday, kids and students, and premium, with Total Checking being the most popular.
Easy to waive monthly fees. Maintaining qualifying balance across Chase accounts or having electronic deposits set up (for Total Checking account) will help you to avoid monthly fee.
Bonus offer on Total Checking. Chase is famous for having sign-up bonuses for its products. Chase Total Checking is not an exception. Currently, you can get a $225 bonus for opening a Total Checking account (offer expires 10/18/2021).
Zelle. Having Chase Checking account, you can use Zelle to send or receive money electronically.
Chase mobile app. Chase app helps you to manage all your accounts. You can even deposit checks, manage credit cards, loans, use it for investing with Chase, etc. It’s ranked #1 by JD Power among wealth management apps.
Low APY. Chase Checking and Savings accounts offer low APY, if any.
Monthly fees. Some checking accounts (including Total Checking) have a monthly fee.
Fee at out-of-network ATMs. With some checking accounts, you will have to pay a flat-rate $2.50 fee for any inquiries, transfers, or withdrawals while using a non-Chase ATM in- or outside the US.
Chase Credit cards Pros&Cons
Wide choice of credit cards. From basic no-annual-fee cashback rewards cards to cards for business owners, to co-branded cards, to premium travel cards.
Great variety of co-branded cards. Chase partners with Amazon, United, Southwest, Marriott, Starbucks, among others.
Sign-up bonuses. Chase offers great sign-up bonuses for its credit cards. The best one is for Chase Sapphire Preferred. 100 000 bonus points worth $1,250 if redeemed for travel through Chase Ultimate Rewards for just $4,000 in purchases in the first 3 months from card opening.
Referral program. You can get an extra bonus for referring friends. The bonus amount depends on the type of the card. Usually, you can refer no more than 5 friends a year.
Chase Ultimate Rewards Portal. Use the Portal to redeem the points you have earned with your card for cash back, experiences, travel, merchandise, gift cards, etc. You can even combine the points from different cards to maximize their value.
Good choice of partner programs. Chase has a great variety of hotel and airlines partners for point transfers with eligible credit cards. It includes domestic and international airlines (United, Emirates, etc.) and world-known hotel chains Marriott Bonvoy, Hyatt, etc.
Good to Excellent credit score required. Chase requires at least a Good credit score to be approved for most of its cards.
High APR. For most Chase cards, APR starts from around 14.99% (for not co-branded personal credit card), which is high considering it's the lowest possible, and you should have at least a Good credit score to be approved. Some cards that require an Excellent credit score come with the lowest APR at 16.99% ( e.g., Sapphire Reserve).
Chase Mortgage Pros&Cons
Mortgage loans available in all 50 states. Unlike the physical presence of Chase branches (38 states) or home lending advisors (32 states and DC) financing is available all across the country.
Variety of mortgage loans. Chase issues typical mortgage loans (conventional, FHA, VA, Refinancing and Jumbo).
Application process cannot be completed online. You have to meet with home lending advisor to complete the application.
Several home loans unavailability. Chase doesn’t offer USDA loans, home improvement loans. Currently, it’s not taking applications for HELOC as well.
Chase Auto loan Pros&Cons
Online calculators. Chase offers an online calculator to check possible rates for home loans, refinancing, and auto loans.
MyCar. It is a free resource offered by Chase to manage your car. You don't have to have an auto loan with Chase; the resource is available for all Chase customers.
Limited buying options. To finance the car with a Chase auto loan, you have to buy it from a dealer in the Chase network.
Not all car brands are available in MyCar. At this moment, you won't be able to manage your Subaru, Land Rover, or Jaguar as well well some premium brands like Maserati, McLaren, or Aston Martin.
Chase Investment Pros&Cons
Investing with J.P.Morgan. A few options are available: work with an advisor, trade on your own, or with the help of a robo-advisor.
Robo-advisor. It can be very helpful for beginners by automatically rebalancing portfolio based on market conditions.
Fees. While trading stocks and ETF’s with Chase is commission-free, trading options are subject to a $0.65 per-contract fee. Robo-advisor investing is subject to a 0.35% fee.
Minimum $500 investment. This sum is required when investing with robo-advisor.
Limited investment options. Futures and cryptocurrencies are currently not available for investing with Chase.