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Monday, April 6, 2020
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2020's Best Chase® Credit Cards

Below are our staff ratings of 2020's best Chase® credit card offers. Chase® has a reputation for offering some of the best cash back, rewards, and business cards on the market.

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Behind the Issuer: Chase

Brittney Mayer
By: Brittney Mayer
Finance Contributor
Behind the Issuer: Chase 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.

Early History

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.

The modern JPMorgan Chase — most commonly just called Chase — is one of the two largest banks in the US, and one of the world's largest credit card issuers. Many of the most popular credit cards in the market are solely branded or co-branded by Chase, and its Ultimate Rewards® program consistently ranks as cardholder favorite.

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 Brittney Mayer Finance Contributor

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.

Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). does not include all credit card companies or all available credit card offers. See the credit card issuer's website for specific terms and conditions of each card.