Chase Freedom

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6.5 Total Score
4 reviews
WalletStars

Our rating is based on a combination of staff and user ratings.

6.5Expert Score
Support
7
Affordability
7.5
Benefits
8
Application Process
10
8.2User's score
Support
7.3
Affordability
8.3
Benefits
7.5
Application Process
9.8
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Pros
$150 bonus for each $500 you spend in the first three months
5% cash backs
No limit or expiry date on cash back rewards
Good customer service
Part of the Ultimate rewards program
Extended warranties
Low APR
Purchase protection (for up to $500 worth of damage per claim)
Low fees
Flexible payments
Easy application
Cons
Cash back maximum of $75 every quarter*
Can’t open more than 5 accounts under Chase within 24 months

Introduction

Intro APR 0% for 15 months
Annual Fee $0
APR Range 16.74%–25.49% variable APR

Chase Freedom Credit Card
The Chase Freedom credit card, not to be confused with the Chase Freedom Unlimited Credit card, requires no fee at all, offers a 5% cash back for up to $1,500 on combined purchases in their bonus categories and 1% cash back on all other purchases. The bonus is that of $150 for the first $500 spent in the initial 3 months. It also comes with a unique Blueprint feature, a spending and borrowing managing system available only to Chase customers. Your money is deposited within 2 business days from the moment of the transaction.

Requirements
The requirements to get signed up with the Chase Freedom credit card and to obtain a loan are to have at least 1 year of credit history, a minimum of 645 credit score on average with no bankruptcy or loan defaults. It also requires having opened less than five accounts during the past 2 years, be 18 years old or more and employed. Lastly, Chase doesn’t allow you getting a personal loan, i.e. taking a vacation or financing a wedding.

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Top Features

  • 5% Cashback up to $1,500 in bonus categories
  • 1% Cashback on all purchases
  • Blueprint spending & borrowing management

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Pros and cons


PROS:
  • 5% cash backs
  • No limit or expiry date on cash back rewards
  • $150 bonus for each $500 you spend in the first three months
  • Good customer service
  • Part of the Ultimate rewards program
  • Purchase protection (for up to $500 worth of damage per claim)
  • Extended warranties
  • Low APR

CONS:
  • Can’t open more than 5 accounts under Chase within 24 months
  • Cash back maximum of $75 every quarter*


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1 Comment
  1. 4
    Support
    70
    Affordability
    80
    Benefits
    70
    Application Process
    100

    Overall very good

    Helpful(1) Unhelpful(0)You have already voted this

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