Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
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Behind the Issuer: Chase
By: Brittney Mayer
CardRates.com Guide: Chase®
The history of JPMorgan Chase is a long and distinguished one. With roots dating back to 1799, this banking behemoth holds a place in U.S. history very few companies can claim.
As with most large financial institutions, JPMorgan Chase is a combination of many different merged and acquired banks. More than 1,200 predecessor financial institutions make up the company we now know as JPMorgan Chase.
The largest and oldest of the heritage companies within the organization include J.P. Morgan and Co., Chase Manhattan Bank, Chemical Bank, and Manufacturers Hanover. Combined, the firm today is the largest in the U.S. and one of the 10 largest banks in the world, operating in more than 85 countries.
The origins of JPMorgan Chase date all the way back to 1799 when it was called the Bank of The Manhattan Company. The founder of The Manhattan Company was Aaron Burr, who started the company in an effort to bring clean water to the growing borough of Manhattan.
He created what was then New York’s second bank to fund his projects. This put him in competition with the Bank of New York, founded by Alexander Hamilton.
Mergers and Consolidation
J.P. Morgan & Company was a financial empire that began with Junius S. Morgan in the mid-19th century and continued with his son J. Pierpont Morgan.
In 1895, after the death of Junius Morgan, J.P. Morgan took charge of the company and helped it become one of the most powerful banking institutions in the world. Chase National Bank was founded in 1877 and was named for former U.S. Treasury Secretary Salmon Chase, although ironically there was no connection between him and the bank other than his name.
In 1955, the Bank of Manhattan purchased Chase National Bank and called this new institution the Chase Manhattan Bank. Manufacturers Hanover began as The Citizens Trust Company of Brooklyn in 1905.
It quickly grew into one of New York’s largest banks by acquiring other smaller institutions. In 1961, they merged with Central Hanover Bank and Trust to form Manufacturers Hanover Trust Company.
The Chemical Bank of New York was established in 1824 and grew mostly as a lending institution for the growing industrial and agricultural businesses in America. It acquired other similar banks over time and eventually bought Manufacturers Hanover Trust in 1991, creating what was then the second-largest bank in the U.S.
Chase Bank Today
In 1996, Chemical Bank of New York merged with Chase Manhattan Bank. Although Chemical Bank was the larger institution, the combined company took the more well-known Chase Manhattan name.
The combined entity became the largest bank in the U.S. In 2000, Chase Manhattan entered one of the largest banking mergers in history by acquiring J.P. Morgan & Company. This merger resulted in the company we now know as JPMorgan Chase.
The new JPMorgan Chase acquired Bank One Corporation in 2004, making it the largest issuer of credit cards. The company continued its growth with the acquisition of investment bank Bear Stearns during the financial crisis of 2008. They also bought the assets of Washington Mutual in 2008, after that bank went into federal receivership.
While JPMorgan Chase has a long history, the bank is often on the cutting edge of the financial space, particular the credit card market, where it reigns as one of the largest issuers in the world. And with good reason, as the company's vast stable of consumer and business credit cards are some of the most popular options on the market.
In addition to credit cards, Chase provides banking services, asset management, commercial banking, transaction processing, and investment banking through its presence in over 100 markets. It serves consumers, small businesses, and many corporate, institutional, and government clients.
Editorial Note: Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
The information on this page was reviewed for accuracy on .
About the Author
Brittney Mayer Credit Analyst
Brittney is a Credit Strategist and Finance Expert who has spent years honing her knowledge of the credit industry both personally and professionally. Brittney applies her more than a decade of research experience to crafting in-depth consumer guides designed to help CardRates readers make better, more informed financial decisions.
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