Chase Freedom® credit card review

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Advertiser Disclosure

Interest Rate: Purchases
14.99% ‐ 23.74% (Variable) (0% for the first 15 months)
Balance Transfer
14.99% ‐ 23.74% (Variable) (0% for the first 15 months)
Rewards
1 - 5% cashback
Signup Bonus
$200 after spending $500


8.6/10
Informr score
The Chase Freedom® credit card currently has an Informr score of 8.6 out of 10. This score is based on our evaluation of 37 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Chase Freedom® credit card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


WalletHub

Instead of freeing you from budgetary concerns, this card requires hands-on account maintenance to live up to its potential and, even then, would provide less value than numerous other available credit cards for people with excellent credit.

- John S Kiernan, WalletHub
Business Insider

For me personally, this card is good enough to have held a permanent spot in my wallet for more than a decade. While it isn't my only card, I use it regularly and never miss using it for a purchase in the 5% bonus categories. The $200 sign-up bonus and no annual fee may be enough to get you to sign...

- Eric Rosenberg, Business Insider
ValuePenguin

The Chase Freedom® card is an excellent $0-annual-fee credit card that offers rotating 5% cashback categories each quarter when you activate. The bonus categories include staples of most household budgets, such as gas, shopping and groceries. When you're not earning extra rewards on the bonus catego...

- Joe Resendiz, ValuePenguin
The Wirecutter

If you like the idea of maximizing every last possible credit card reward, no matter how big or small, the Chase Freedom could be your card. It’s a card for people who are unsatisfied with a flat-rate cash-back card. It’s for people who see a great rewards rate like 3% or 4% and yearn for something...

- Sally French, The Wirecutter
FinanceBuzz

The Chase Freedom Card is one of the most popular rewards credit cards available. Offering a high rate of rewards in certain categories each quarter, this card can help you quickly earn cashback rewards.

- Kat Tretina, FinanceBuzz

Details


Interest Rates
Regular APR Interest Rate 14.99% ‐ 23.74% (Variable) (0% for the first 15 months)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 14.99% ‐ 23.74% (Variable) (0% for the first 15 months)

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 24.99% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 5%

Minimum of $5

Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee 3%

of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $39.00

Maximum

Promotions
Sign up bonus $200 after spending $500
  • On purchases within the first 3 months.
  • 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
Rewards
All Purchases 1% cash back
Restaurants No
Gas No
Groceries 5% cash back

On purchase made at Whole Foods Market

Hotels No
Travel No
Pharmacy No
Bills No
Additional Details
  • 5% cash back on Amazon.com
  • Earn up to $1,500 in combined purchases in 5% cash back bonus categories this quarter you activate.
  • 5% cash back on Lyft
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay, Samsung Pay, Android Pay
Virtual Cards No
Additional Benefits

Get a complimentary 3 months of DashPass, DoorDash's subscription service. After that, you are automatically enrolled in DashPass at 50% off for the next 9 months.

Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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