This bank was established in 2000 by John Pierpont Morgan. It was classified by experts as the largest bank in USA in 2018 with a revenue of 2.63 trillion dollar, 5000 branches and 16.000 ATMs in the USA.
Getting a credit card from the largest bank in the United States and the sixth largest bank in the world is a different experience, so in this article we will give you information about the positive and negative aspects of J.P. Morgan Chase credit card. Read it carefully if you think of obtaining this card.
Positive Aspects of J.P Morgan Chase Credit Card:
1- A reward of 1.5% cash back: You will get unlimited 1.5% cash back for all kinds of purchases.
2- No annual fees: there is no annual fees for this credit card .
3- A reward of $150: You will earn $150 bonus after spending $500$ during the first three months of account opening.
4- A reward of 5% cash back: You can earn 5% cash back for kinds of purchases that you choose until you reach $1500.
5- Unlimited unexpired cash back: The cash back rewards that you get has no limit and they don’t expire.
6- APR: The APR for your first 15 months is 0%. After that period it will be about 17.24 – 25.99%.
7- No restrictions for points: There is no restrictions to redeem your cash back points.
Negative Aspects of J.P Morgan Chase Credit Card:
1- High monthly fee: Many customers said that they have to pay a high monthly fees, which is about 5%.
2- Non-Chase ATMs fees: You should pay 2.5$ as a fee if you used ATMs that don’t belong to J. P. Morgan Chase.
3- Foreign transaction fees: You should pay 3 – 5 % for foreign transaction fees.
So if you are searching for a card with limitless points and no annual fee. If you live in a city where there is a lot of Chase ATMs and you don’t have any foreign transaction. J. P. Morgan Chase is your best choice.