Why is getting in with Chase so important?

[Anonymous]

So Chase is clearly a prestigious/desirable bank to get in with, and I'm trying to decide how seriously I should work my card portfolio around the 5/24 rule.

The Freedom and Freedom Unlimited are good rewards cards, but don't seem to be any different than the Discover IT and CapitalOne Quicksilver cards. The CSP gets a lot of hype around here, but with a $450 annual fee it does not appeal to me.

So do you really even need to get in with Chase that badly? Why Chase instead of the aforementioned cards, or others like the Citi DC and options from AMEX? Why deal with the hassle of the 5/24 rule for what seems like no benefit over the others?

[austinguy907]

Personally I don't deal with them other than the single card that got moved over during the 2008 debacle from the market crashing.  I don't see the hype or need to pay their AF's and deal with the high APR's.  I'm doing just fine w/o them being in the mid 830's for scores and 200K+ in available credit.

[creditguy]

There's no rule that says anyone needs to get in with Chase, it's a personal choice. Most people that have chase cards prefer their rewards structures because they benefit from them more than other cards, not because they were simply getting a card that says chase on it. If the cards don't fill a need for you or serve a purpose in your lineup then use whatever card does. There are lots of choices and not all cards are one size fits all options, variety is the spice of life and there's lots of variety, go for cards that benefit you and you'll be happy.

[CYBERSAM]

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@Anonymous wrote:
So Chase is clearly a prestigious/desirable bank to get in with, and I'm trying to decide how seriously I should work my card portfolio around the 5/24 rule.

The Freedom and Freedom Unlimited are good rewards cards, but don't seem to be any different than the Discover IT and CapitalOne Quicksilver cards. The CSP gets a lot of hype around here, but with a $450 annual fee it does not appeal to me.

So do you really even need to get in with Chase that badly? Why Chase instead of the aforementioned cards, or others like the Citi DC and options from AMEX? Why deal with the hassle of the 5/24 rule for what seems like no benefit over the others?

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Why do you think "getting in with Chase so important"? And why do you think "Chase is clearly a prestigious/desirable bank"????

To me they are an average bank with average product! NON of their CCs are special and the ones that are better than average have huge annual fees!

Some pople like them, but they are far from "prestigious" not to mention very stingy when it comes to CLI and requiring HPs.

They are better than BOA but that doesn’t say much!

[Anonymous]

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@Anonymous wrote:
So Chase is clearly a prestigious/desirable bank to get in with, and I'm trying to decide how seriously I should work my card portfolio around the 5/24 rule.

The Freedom and Freedom Unlimited are good rewards cards, but don't seem to be any different than the Discover IT and CapitalOne Quicksilver cards. The CSP gets a lot of hype around here, but with a $450 annual fee it does not appeal to me.

So do you really even need to get in with Chase that badly? Why Chase instead of the aforementioned cards, or others like the Citi DC and options from AMEX? Why deal with the hassle of the 5/24 rule for what seems like no benefit over the others?

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Chase offers great products and the best credit card lineup. I don't see any other reason to get in with them through their banking side, though, unless you're a JPM private client. People like to combine rewards with the high annual fee card and the 5% freedom card to get the most value out of them for vacations or whatever they use them for. Citi Double Cash is a good card too, and it gets talked about around here quite a bit. I don't really care much for Capital One cards but people already know that. 

The CSP gets a lot of hype from people who travel frequently. The sign up bonus for one can be valued at over $1,000, and then you have the benefits and rewards program which can give a ton back to the cardholder which pretty much erases the $450 annual fee and then some. In reality, anyone who uses that card correctly can erase the $450 annual fee every year with rewards points when it's billed to their card making it $0 and still come out very far ahead.

Some people don't like spotty AMEX acceptance, especially those who travel overseas, or how AMEX categorizes merchants differently, or how sometimes dining point bonuses are only within the U.S and not internationally as well like on Chase cards---well I guess that's more of a Visa thing, but you get the point. 

I used to have a Chase Amazon card and it was nothing special. The Amazon store card gives you more for your value at Amazon.com. The card is good for gas, dining, office supply stores, and drug store purchases, though, but I bascially get 2% cash back on everything with my Citi DC anyways so it was useless to me. 

[Anonymous]

I only think Chase is seemingly important or prestigious due to the comments about them on this forum. A lot of people here clearly hold Chase in high regard.

[wasCB14]

I'm surprised IHG isn't more popular. A free night worldwide each year for $49.

[Gmood1]

I personally don't find it that important to be in with Chase. I do have some of their cards. They aren't the most used cards in the household by a mile. Citi and Amex get the most swipes here. The Freedom gets used until it bottoms out ($1500 5% limit for the quarter).

[Creditplz]

I like Chase for their CC's.. I like a lot of sign-up bonuses that they have and I like their business CC's.. I was in with them then they shut me out.. At first I was bummed out but I figured this is a way to better my credit and eventually get back in.. Simply for the Sign up bonuses for me !

[Anonymous]

Chase is pretty good.