Chase Freedom® credit card review

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Advertiser Disclosure

Interest Rate: Purchases
16.49% ‐ 25.24% (Variable) (0% for the first 15 months)
Balance Transfer
16.49% ‐ 25.24% (Variable) (0% for the first 15 months)
Rewards
1% cashback
Signup Bonus
$200 after spending $500


8.7/10
Informr score
The Chase Freedom® credit card currently has an Informr score of 8.7 out of 10. This score is based on our evaluation of 36 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...


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
The Balance

Chase Freedom is a rewards credit card with popular bonus categories that rotate quarterly. You can receive money back on all your purchases, as well as a solid sign-up bonus if you meet the spending requirement. There’s no annual fee, and you can redeem your rewards for cash back, gift cards, merch...

- Holly Johnson, The Balance
Money Crashers

An ideal card for frugal to moderate spenders who don’t anticipate regularly exceeding the $1,500 spending cap for the 5% categories, want to transfer high-interest balances from existing credit cards, and occasionally make a late payment. It’s not as useful for heavy spenders, nor for cardholders w...

- Brian Martucci, Money Crashers
Compare Cards

Cardholders have plenty of opportunities to earn rewards for purchases by earning earning 5% cash back on purchases in popular rotating categories. Furthermore, the bonus for this card is one of the best on the market. It also has no annual fee, a big sign up bonus, and a nice intro APR.

- Compare Cards
CreditCards.com

A great cash back card for motivated rewards seekers, the Chase Freedom card is a good choice for everyday spending, but its hefty APR limits its appeal as a balance transfer card.

- Robin Ratcliff, CreditCards.com

Details


Interest Rates
Regular APR Interest Rate 16.49% ‐ 25.24% (Variable) (0% for the first 15 months)

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

Balance Transfer Interest Rate 16.49% ‐ 25.24% (Variable) (0% for the first 15 months)

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

Cash Advance Interest Rate 26.49% (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.

Rewards
All Purchases 1% cash back
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

- 5% cash back on department stores and purchases made using Paypal or Chase Pay

- Earn up to $1,500 in combined purchases in 5% cash back bonus categories this quarter you activate.

Features & Benefits
Additional Card Holders Yes

Earn a $25 bonus when you add your first authorized user and make your first purchase within this same 3-month period.

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
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
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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Critic Reviews


The Wirecutter

Especially great if you have a Chase Sapphire card

from 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 even better.

Read full review

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 even better.

Read full review

Less

The Balance

Generous rewards and perks

from The Balance

Chase Freedom is a rewards credit card with popular bonus categories that rotate quarterly. You can receive money back on all your purchases, as well as a solid sign-up bonus if you meet the spending requirement. There’s no annual fee, and you can redeem your rewards for cash back, gift cards, merchandise, travel, and more.

Read full review

Chase Freedom is a rewards credit card with popular bonus categories that rotate quarterly. You can receive money back on all your purchases, as well as a solid sign-up bonus if you meet the spending requirement. There’s no annual fee, and you can redeem your rewards for cash back, gift cards, merchandise, travel, and more.

Read full review

Less

Money Crashers

Somewhat low baseline cash back, and limited fringe benefits

from Money Crashers

An ideal card for frugal to moderate spenders who don’t anticipate regularly exceeding the $1,500 spending cap for the 5% categories, want to transfer high-interest balances from existing credit cards, and occasionally make a late payment. It’s not as useful for heavy spenders, nor for cardho...More

An ideal card for frugal to moderate spenders who don’t anticipate regularly exceeding the $1,500 spending cap for the 5% categories, want to transfer high-interest balances from existing credit cards, and occasionally make a late payment. It’s not as useful for heavy spenders, nor for cardholders with excellent credit who are likely to qualify for more generous rewards cards.

Read full review

Less

Compare Cards

An excellent cash back credit card

Compare Cards

Cardholders have plenty of opportunities to earn rewards for purchases by earning earning 5% cash back on purchases in popular rotating categories. Furthermore, the bonus for this card is one of the best on the market. It also has no annual fee, a big sign up bonus, and a nice intro APR.

Read full review

Cardholders have plenty of opportunities to earn rewards for purchases by earning earning 5% cash back on purchases in popular rotating categories. Furthermore, the bonus for this card is one of the best on the market. It also has no annual fee, a big sign up bonus, and a nice intro APR.

Read full review

Less

CreditCards.com

Solid cash back card with bonus categories

from CreditCards.com

A great cash back card for motivated rewards seekers, the Chase Freedom card is a good choice for everyday spending, but its hefty APR limits its appeal as a balance transfer card.

Read full review

A great cash back card for motivated rewards seekers, the Chase Freedom card is a good choice for everyday spending, but its hefty APR limits its appeal as a balance transfer card.

Read full review

Less

LendEDU

Offers solid rewards in select rotating categories

from LendEDU

The Chase Freedom Card is a fairly straightforward card for people who spend in common day-to-day categories such as at grocery stores and gas stations. The biggest downside is having to opt into bonus categories every quarter, but if you’re willing to do that, you can earn a 5% cash back on those purchases.

Read full review

The Chase Freedom Card is a fairly straightforward card for people who spend in common day-to-day categories such as at grocery stores and gas stations. The biggest downside is having to opt into bonus categories every quarter, but if you’re willing to do that, you can earn a 5% cash back on those purchases.

Read full review

Less

Cardcruncher

A terrific rewards credit card

If you're looking for a cash-back credit card with no annual fee and strong bonus categories, the Chase Freedom card is a great choice. The card has no annual fee and earns 5% cash back on bonus categories that change quarterly. You''ll also earn 1% cash back on everything else.

Read full review

If you're looking for a cash-back credit card with no annual fee and strong bonus categories, the Chase Freedom card is a great choice. The card has no annual fee and earns 5% cash back on bonus categories that change quarterly. You''ll also earn 1% cash back on everything else.

Read full review

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CreditShout

Offers one of the best rewards programs around

from CreditShout

There are not many cards that offer 5% cash back on up to $1,500 spent in popular categories and 1% unlimited cash back with no tiers. To go along with this, Chase does not bring down the value of the card with a high annual fee and APR. Although there are other rewards programs out there, this c...More

There are not many cards that offer 5% cash back on up to $1,500 spent in popular categories and 1% unlimited cash back with no tiers. To go along with this, Chase does not bring down the value of the card with a high annual fee and APR. Although there are other rewards programs out there, this card is one of our favorites and overall is one of the best you are going to find — especially without an annual fee.

Read full review

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Cardcruncher

A great bonus and 5% cash back on popular categories

from Cardcruncher

The Chase Freedom Card is a great tool for maximizing your cash back earnings by carrying multiple cards. If you don’t want to deal with rotating categories, or just want one all-purpose card, other cards will suit you better. But for all the rewards you can rack up, and its ability to pool poi...More

The Chase Freedom Card is a great tool for maximizing your cash back earnings by carrying multiple cards. If you don’t want to deal with rotating categories, or just want one all-purpose card, other cards will suit you better. But for all the rewards you can rack up, and its ability to pool points with other Chase credit cards, the Chase Freedom is a great choice.

Read full review

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Business Insider

A longtime favorite cash-back credit card

from 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 $150 bonus and no annual fee may be enough to get you to sign up,...More

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 $150 bonus and no annual fee may be enough to get you to sign up, but if you do you can get great value for years to come. Among rotating category rewards cards with no annual fee, this one is definitely the best on the market today.

Read full review

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User Reviews


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