Chase Credit Card Review UK (2026)

Availability: limited pilot as at June 2026

A crucial starting point for any assessment of the Chase credit card in 2026 is its availability. As at June 2026, the product is not available to the general public. Chase UK has confirmed that the credit card is being rolled out in a limited pilot to a defined group of eligible Chase UK current account holders. Interested consumers who do not already hold a Chase UK current account are not able to apply for the credit card directly. This is a significant practical constraint that distinguishes the Chase credit card from most competing products on the UK market.

Chase has published updates about the credit card rollout at chase.co.uk/gb/en/updates-from-chase/credit-card-update/. The approach reflects a phased product launch strategy, allowing Chase to manage credit risk and refine the product experience before a broader public release. Readers should check the Chase website directly for the most current information on eligibility and availability.

Legal and regulatory status

The Chase credit card is a product of J.P. Morgan Europe Limited, which trades in the UK under the Chase brand. The firm's FCA Firm Reference Number is 124579, verifiable on the FCA's Financial Services Register at register.fca.org.uk. The company number is 938937, registered in England and Wales. The registered office is 25 Bank Street, Canary Wharf, London E14 5JP. J.P. Morgan Europe Limited is authorised by the Prudential Regulation Authority (PRA) and regulated by both the Financial Conduct Authority and the PRA.

This dual regulation by both the FCA and the PRA reflects the firm's status as a deposit-taking institution (a bank), rather than a consumer credit firm alone. As a result, Chase UK is subject to both the FCA's Consumer Duty and CONC sourcebook requirements, and the PRA's prudential standards.

Key facts table

Cashback structure and the monthly cap

The Chase credit card earns 2% cashback on eligible everyday purchases. Chase defines eligible categories as groceries, restaurants, fuel, and public EV charging. The cashback is capped at £20 per calendar month, which equates to £1,000 of eligible spending per month at the 2% rate. Purchases in other categories, such as travel bookings, online retail or subscriptions, do not appear to qualify for the 2% cashback rate based on the product terms published by Chase.

The £20 monthly cap means the maximum cashback that can be earned in a year is £240, assuming the cap is reached every month. For cardholders whose eligible spending is below £1,000 per month, the effective return will be proportionally lower. At £500 per month of eligible spending, for example, the annual cashback would be approximately £120.

The cashback is credited to the Chase account and can be used to offset future spending, converted to cash, or used as the cardholder chooses within the Chase platform. Readers should confirm the precise mechanics of cashback redemption with Chase directly, as these may have evolved since the product information was published.

The introductory 0% purchase offer

The Chase credit card offers 0% interest on purchases for up to 15 months from account opening, subject to making the minimum repayment each month. This is a significant feature for cardholders who have a planned high-value purchase and wish to spread the cost without incurring interest. However, any balance remaining after the 15-month introductory period will attract interest at the standard variable purchase rate, which ranges from 24.9% to 29.9% depending on the individual's circumstances.

Setting up a direct debit for at least the minimum payment each month is advisable to avoid missing a payment during the introductory period, which could trigger the late payment fee of £12 and may affect the continued availability of the introductory rate. Falling behind on minimum payments can also affect a credit file; for more context see the guide on what is a credit file and the article on credit utilisation.

Foreign transactions and overseas use

The Chase credit card charges no foreign transaction fee, which makes it a practical option for cardholders who travel internationally or make purchases from overseas retailers. Many competing credit cards charge a foreign transaction fee of around 2.99% on non-sterling transactions, so the absence of this fee can represent a meaningful saving for frequent travellers.

However, as of June 2026, the card's limited pilot availability means only a small subset of UK consumers can access it. Those who do hold a Chase UK current account and are eligible for the credit card pilot may find the combination of no annual fee and no foreign transaction fee particularly useful for travel spending.

Eligibility requirements

Beyond holding a Chase UK current account (a prerequisite as of June 2026), eligibility for the Chase credit card requires applicants to be free of bankruptcies, County Court Judgements (CCJs), and Individual Voluntary Arrangements (IVAs) within the last six years. Standard creditworthiness checks will apply. Applicants who are uncertain about their credit file should review it before applying; the UK credit score guide and what is a credit file provide useful context.

The card is not available to those who have previously been declared bankrupt or who have active CCJs or IVAs on their credit file within the last six years. These are standard eligibility criteria across most mainstream UK credit cards.

How the Chase credit card interacts with the Chase current account

Because the credit card is only available to Chase UK current account holders, the two products are closely linked in practice. Chase's current account is known for its spending rewards on debit card purchases and its no-fee model. Cardholders who use both products can potentially earn cashback through the debit card and through the credit card on eligible purchase categories. Understanding how the cashback or rewards from each product interact, and whether they can be combined or offset, requires checking the current terms of both products directly with Chase.

For context on how holding both a current account and a credit card at the same institution might affect a credit file, see the article on BNPL and credit impact for a related discussion of how credit products affect credit files, and the UK credit score guide for broader context.

Verdict

The Chase credit card offers a genuinely competitive combination of features for the consumer it is designed for: an existing Chase UK current account holder who clears their balance monthly, values cashback on everyday spending, and wants no annual fee and no foreign transaction charges. The 0% introductory offer on purchases for up to 15 months adds further appeal for planned expenditure.

The card is less suited to those who carry a balance, given that the post-introductory purchase rate of 24.9% to 29.9% variable would erode any cashback earned. It is not suited to high spenders whose eligible monthly spending consistently exceeds £1,000, since the £20 per month cashback cap limits the maximum annual return to £240. It is entirely inaccessible to those who do not hold a Chase UK current account, regardless of creditworthiness. For those who do have access, it compares as a strong no-fee cashback option; see the cashback credit cards comparison for a broader market view.

This page is for editorial and informational purposes only and does not constitute financial advice. Representative APRs shown depend on individual circumstances and are subject to status. Interest rates, fees, cashback terms and caps are subject to change; verify current terms directly with the issuer and check the FCA register at register.fca.org.uk before applying.

Q: Is the Chase credit card available to anyone in the UK?

As at June 2026, the Chase credit card is in a limited pilot phase and is only available to a defined group of eligible Chase UK current account holders. It is not available to the general public or to those who do not already hold a Chase UK current account. Readers should check chase.co.uk for the most current information on availability.

Q: What is the cashback cap on the Chase credit card?

The Chase credit card earns 2% cashback on eligible everyday purchases, including groceries, restaurants, fuel, and public EV charging. The cashback is capped at £20 per calendar month, which equates to a maximum of £240 per year if the cap is reached every month.

Q: What happens to my Chase credit card balance after the 0% introductory period ends?

Any balance remaining after the 0% introductory period of up to 15 months will attract interest at the standard variable purchase rate, which ranges from 24.9% to 29.9% depending on individual circumstances. It is advisable to clear the balance before the introductory period ends to avoid interest charges.

Q: What is the late payment fee on the Chase credit card?

The Chase credit card charges a late payment fee of £12 if the minimum payment due is not received by the statement due date. Setting up a direct debit for at least the minimum payment is the most reliable way to avoid this fee.

Q: Who regulates the Chase credit card in the UK?

The Chase credit card is issued by J.P. Morgan Europe Limited (FRN 124579), which is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the PRA. Regulatory status can be verified on the FCA Financial Services Register at register.fca.org.uk.

Q: Does the Chase credit card charge a fee for foreign currency transactions?

No. The Chase credit card charges no foreign transaction fee, as confirmed in the Chase credit summary box. This makes it a cost-effective option for purchases in foreign currencies, whether travelling abroad or buying from overseas retailers online.