How does this compare to other travel cards? I don't have a lot of time to research this stuff, but I just see a lot of commercials for it and I bank with Chase, so I figured I'd try it out.
Most people consider it to be one of the best. I'd agree, as long as you're willing to put up with a little bit of complication (probably the best perk is that you can transfer points to other vendors, where they're often worth 1.5-2 cents a piece. If you do that, the rewards rate can be as high as 4% on travel/dining and 2% on everything else.
If you just redeem for travel normally through Chase, you essentially get 25% more value out of your points. So the rewards rate for regular spending would be 1.34 and 2.68 respectively, which is still quite good.
The only real competitor as a stand-alone travel card, in my opinion, is the Barclaycard Arrival. The cool thing about the Arrival is that it earns 2.2% on everything, so if most of your spending is on non-travel, non-dining purchases, it's a bit better. And it uses a simpler system if you don't want to deal with transferring points and stuff.
I'd go with one of those two.