Chase Freedom

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6 Total Score
4 reviews
WalletStars

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

6Expert 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
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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Average Score 6
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

Introduction

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

About the Chase Freedom Credit Card
The Chase Freedom credit card is not to be confused with the Chase Freedom Unlimited Credit card. There is no yearly fee to maintain the card, and users can get up to 5% cash back for up to $1,500 on combined purchases in quarterly bonus categories and 1% cash back on all other purchases. New card members can earn $150 for the first $500 spent in the first 3 months of using their new card.

Benefits
A no-fee card is a budget-friendly way to build credit while enjoying all the convenience and cash back bonuses that come with having a credit card. The 5% bonus categories rotate on a quarterly schedule. Categories generally include grocery stores, gas stations or restaurants, and sometimes include specific merchants like Amazon.com. Chase announces the categories in advance, so you may be able to plan large purchases to maximize your cashback points. It also offers some standard credit card benefits that consumers have come to expect including purchase protection against theft and unauthorized purchases.

Drawbacks
The Chase Freedom card does not offer the most points for purchases. If that’s your main reason for getting a credit card you may want to shop around for a card that can offer you more. If you’re a veteran of the credit card game and looking for a more prestigious card, the Chase Freedom card isn’t for you.

How To Get The Chase Freedom Card
Getting a Chase Freedom Card does require some qualification on your part. First, you must be 18 or older. Second, your credit history has to be at least 1 year long. You won’t qualify if you’ve had a bankruptcy or loan default in your credit history, or if you’ve opened more than 5 credit accounts in the past two years. A minimum credit score of 645 is required as well as a verifiable income.

About Chase Bank
Chase Bank, or JPMorgan Chase & Co as they are also known, is one of the biggest global financial services firms worldwide. In the US, they have branches in all 50 states and a state of the art online banking platform. Their services include consumer checking and credit cards, mortgages, commercial banking, auto loans, investing & retirement planning, and business banking.

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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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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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