Chase Freedom Review

Card Details	The Offer	Is it Worth It?
Pros and Cons	Why 5 Stars?	Fees
Benefits

Card Details

Regular APR:	16.74% – 25.49% (Variable)
Intro APR (Purchases):	0% for 15 months
Intro APR (Balance transfers):	0% for 15 months
Rewards Rate:	Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cash back on all other purchases.
Credit Needed:	(670 – 850) Excellent/Good
Annual Fee:	None
Card Brand:	Visa

*See online credit card application for details on the terms and conditions.

Offer Highlights

• Click APPLY NOW to apply online
• Best Freedom bonus offer: $200 cash back after you spend $500 on purchases in the first 3 months from account opening. Offer only available when applying directly with Chase
• Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cash back on all other purchases.
• No annual fee
• 3% intro balance transfer fee for transfers in first 60 days

Is Chase Freedom worth it?

Chase Freedom is a great card for anyone who stays on top of their spending habits. First, cardholders get $200 cash back after you spend $500 on purchases in the first 3 months from account opening. This is a great, easy to obtain bonus.

Chase Freedom is also a great card for people looking to finance purchases or pay off debt. The intro APR for purchases and balance transfers is 0% for 15 months.

For people who stay up-to-date with the current rewards categories, the number one advantage of Chase Freedom is 5% cash back on up to $1,500 in combined purchases in specific categories each quarter you activate.

Categories are generous and include gas stations, grocery stores not including Walmart and Target, streaming services, department stores, Paypal, and the Chase Pay mobile wallet, which also provides additional offers through partnerships with other department stores and credit cards.

If you can take advantage of the 5% cash back, Chase Freedom is more than worth it for no annual fee.

Pros

• $200 cash back after you spend $500 on purchases in the first 3 months from account opening
• Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
• No annual fee
• Transferring Chase Freedom points to other Chase cards yields a high rewards rate on Chase Ultimate Rewards – for example, 30,000 points earned from maximizing the Chase Freedom’s 5% rewards categories would be worth about $375 on Chase Ultimate Rewards if you have the Chase Sapphire Preferred or $450 on Chase Ultimate Rewards if you have the Chase Sapphire Reserve. If you used the points directly that you earned from Chase Freedom, they would be worth only about $300.

Cons

• This card has rotating cash back with a quaterly maximum spend. This is a more complicated rewards structure than other cards that have unlimited 1.5% or 2% flat cash back rates.

Why 5 Stars?

Regular APR

4 Stars

Intro APR

5 Stars

Fees

4 Stars

Perks

5 Stars

Overall

5 Stars

Fees

Foreign Transaction Fee	3%
Balance Transfer Fee	Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater
Cash Advance Fee	Either $10 or 5% of the amount of each transaction, whichever is greater
Penalty APR	None

Benefits

$0 Fraud Liability

Auto Rental Collision Damage Waiver

Extended Warranty Program

Lost Luggage Reimbursement

Purchase Protection

Roadside Assistance

Travel Accident Insurance

Travel and Emergency Assistance

Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.

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