In this study, we study the polarization dependence, gain property, and amplified spontaneous emission in Cr4+: YAG crystal fibers. Cr4+: YAG crystal has an ultra-wide bandwidth of 300 nm. Cr4+: YAG crystal fibers fabricated through laser heated pedestal growth technique are suitable for the applications of fiber amplifiers, fiber lasers, and broadband light sources. The experiment results showed that the polarization-dependent loss has a severe variation as the optical wavelength change. The maximum polarization-dependent loss was up to 18 dB. The main reason of such a large polarization-dependent loss is the combination of multimode interference and the birefringence induced by the non-uniformity of optical waveguide structure and residue strain in Cr4+: YAG crystal fibers. Thus, the results of polarization-dependent loss can be used as a feedback parameter to improve the fabrication process. In the experiment of gain property, bi-directional pump and double-pass transmission scheme was adopted and a 0.2 dB net gain was obtained for the first time at signal wavelength of 1400 nm, pumping wavelength of 1060 nm, and total pumping power of 2.8 W. It shows that Cr4+: YAG crystal fiber has potential to be developed as a broadband fiber amplifier. In the measurement of amplified spontaneous emission spectrum, a wide bandwidth of amplified spontaneous emission of 300 nm with total power of 50 £gWwas obtained at 0.2W pumping power condition. The coupling efficiencies from amplified spontaneous emission to single mode fibers and multimode fibers were 1.5 % and 9.9 %, respectively. This result reveals that it has potential to be developed as a broadband light source. To improve the optical properties of Cr4+: YAG crystal fiber in the future, improving the uniformity of optical fiber waveguide and reducing the residue strain in Cr4+: YAG crystal fiber may suppress the polarization-dependent loss; increasing the fiber length, decreasing the mode number, and employing a cladding pump technique with a well-distributed pump power in the crystal fiber to alleviate the excited state absorption may raise the gain performance and the amplified spontaneous emission power.