Chase credit card: is it worth it?

The new card will fully launch in the summer of 2025.

For fans of Chase Bank, particularly those aware of the huge rewards available to US customers, the first Chase credit card in the UK is big news.

After months of trials, first to staff and then to select customers, we now know what the final product will offer. Here’s what you need to know.

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What is Chase Bank?

Chase Bank is a huge multinational, one of the biggest in the world, that launched it’s first UK current account in September 2022. The initial offering quickly made it a best buy for Be Clever With Your Cash, thanks to 1% cashback on spending and market leading rates on savings. It’s also got a pretty good app!

However, in 2025 the current account is less attractive. The cashback promotion has been restricted to just groceries and travel spending, while the savings rates can easily be beaten elsewhere.

What is the Chase credit card?

We first got a look at what the Chase UK credit card could be back in October 2024 when details leaked of the trial for staff. That trial was extended to some existing customers in November.

Now, the credit card is being offered in phases to all existing customers – I received an email offering me the chance to apply on 22 May. It should launch fully to new customers in June.

So what do you get? Well it’s nothing to get too excited about. Chase have always said this first card is more about starting off in the UK market rather than replicating what they do in the United States.

That means there’s no cashback and no welcome offer for this credit card. Hopefully if it does well they’ll look to introduce some kind of cashback or reward in additional cards.

It’s not completely basic though. It has some features which could make it a useful card for some which I’ll detail in a moment.

Of course, as with any credit card you’ll get extra consumer protection thanks to Section 75 of the Consumer Credit Act. Plus, as long as you use it responsibly, it can help boost your credit score.

Anyway, on to the features that make it more than a basic credit card.

Fee-free spending abroad

You won’t pay anything to use the Chase credit card overseas. Of course, Chase customers will already have this with their Chase debit card, but there are times when it’s useful to have a fee-free credit card as well, hiring a car for instance.

Though there are better fee-free debit and credit cards offering cashback (though not huge amounts), if you’re already a Chase customer and fancy having everything in the same app then this would be a good option.

0% on purchases for 15 months

You’ll be able to use the card and get no interest charged for 15 months. This had actually been cut since the early trials, when 18 months were available. I’d imagine this could change over time.

This is handy if you’ve something expensive to buy which you know you can pay back over time, or if you fancy trying stoozing.

You can get longer 0% periods elsewhere, so it’s worth using a comparison site to check.

However, remember as with other 0% purchase cards you will still need to repay the minimum at least every month. That’ll be at least £5, unless the balances itself is less than this.

Chase UK credit card fee & charges

There’s no fee for this card, which you’d expect for one with limited features.

If you miss a payment there’s a £12 charge, plus it’ll impact your credit score.

Who can get the Chase UK credit card?

Right now the card is being released in phases to existing customers. However it’s likely it’ll be available to everyone in June 2025. I expect you’ll need to open a Chase current account first if you don’t already have one.

Being a Chase customer doesn’t guarantee you’ll get the card. You will be subject to credit checks, so acceptance is dependent on this.

Chase also says you must be “be free of bankruptcies, County Court Judgements (CCJs) and Individual Voluntary Agreements (IVAs) for the last 6 years”.

Applying for Chase’s credit card

On the ‘Spend’ tab in the Chase app you’ll see a box letting you know you’re able to apply for the card. Hit this and you’ll be taken to a screen to perform an eligibility search on your credit file. This won’t appear on your credit report, so it’s safe to go ahead here.

Depending on the result of this eligibility check you can decide whether to perform a full credit check, which will show up to other lenders on your credit file.

You’ll also be told before a full application what your credit limit will be, as well as the interest rate if you don’t clear the balance each month.

Using Chase’s credit card

If you already use the Chase app and debit card you’ll be very familiar with how the card works in the app. Below the Debit card tab in the app you’ll see a similar one for Credit card.

In this tab you can see all your card details and PIN, as well as freeze the card.

There’s also the feature to see statements, check and decrease your credit limit and more. It’ll also say how long you have left on the 0% promotional rate.

It appears that transactions will be included along with debit card purchases, though I’d expect there will be a way to filter these out.

Should you get a Chase credit card?

Right now I can’t see why most people would pick the Chase card over other options. As long as you can clear the balance completely each month you’re better off with a cashback card.

And if you’re looking at stoozing or spreading out a purchase, there are longer options potentially available too.