Chase Freedom® Student credit card review

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Advertiser Disclosure

Interest Rate: Purchases
14.99% (Variable)
Balance Transfer
14.99% (Variable)
Rewards
1% cashback
Signup Bonus
-


7.4/10
Informr score
The Chase Freedom® Student credit card currently has an Informr score of 7.4 out of 10. This score is based on our evaluation of 8 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Chase Freedom® Student credit card is typically available to those with poor 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...


CreditCards.com

The new Chase Freedom Student card is the bank’s first offering for college students, and it is designed to impart good credit habits and encourage financial health in young adults. New credit cardholders can use the new card to build their credit without paying an annual fee. The rewards earning sc...

- Emily Sherman, CreditCards.com
MagnifyMoney

The Chase Freedom® Student credit card is best for college students looking to build credit and earn a flat cashback rewards rate, and who don’t need a card to use outside the United States, since it does charge a foreign transaction fee for purchases made abroad.

- Glen Luke Flanagan, MagnifyMoney
Finder

Chase’s first foray into the student credit card field is a respectable one, as the opportunity to start building Chase Ultimate Rewards points is valuable if you plan on sticking with Chase long-term. That said, there are other great student cards out there, several with better reward opportunities...

- Steven Dashiell, Finder
Investopedia

The Chase Freedom Student card is best for college students who want a simple card to earn rewards, without having to worry about activating or keeping track of spending categories. You’ll earn 1% cash back on every purchase you make, period. Your rewards never expire, and there is no minimum amount...

- Kat Tretina, Investopedia
The Balance

The Chase Freedom Student card doesn’t offer the most exciting rewards program, but for students (and parents) who are looking for a reliable low-cost card for building credit and funding campus purchases, it’s arguably the best choice on the market.

- Kelly Dilworth, The Balance

Details


Interest Rates
Regular APR Interest Rate 14.99% (Variable)

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

Balance Transfer Interest Rate 14.99% (Variable)

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

$50 Bonus earned after first purchase made within the first 3 months from account opening.

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 Lyft
  • Contactless payment
  • Earn $20 good standing rewards after each account anniversary for up to 5 years.
Features & Benefits
Additional Card Holders No
Travel Accident Insurance No
Car Rental Insurance No
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 Yes
Wireless Payments Apple Pay, Samsung Pay, Android Pay
Virtual Cards No
Additional Benefits
  • Earn a credit limit increase after making 5 monthly payments on time within 10 months from account opening when meeting credit criteria.
  • Trip Cancellation/Interruption Insurance
  • Lock/Unlock Feature
  • Contactless payment
  • 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
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


CreditCards.com

Fair rewards rate, ultra-flexible redemption

from CreditCards.com

The new Chase Freedom Student card is the bank’s first offering for college students, and it is designed to impart good credit habits and encourage financial health in young adults. New credit cardholders can use the new card to build their credit without paying an annual fee. The rewards earni...More

The new Chase Freedom Student card is the bank’s first offering for college students, and it is designed to impart good credit habits and encourage financial health in young adults. New credit cardholders can use the new card to build their credit without paying an annual fee. The rewards earning scheme is not the best among student cards, but it is still a good way to bring in a little extra cash back.

Read full review

Less

MagnifyMoney

Straightforward rewards, good standing Rewards

from MagnifyMoney

The Chase Freedom® Student credit card is best for college students looking to build credit and earn a flat cashback rewards rate, and who don’t need a card to use outside the United States, since it does charge a foreign transaction fee for purchases made abroad.

Read full review

The Chase Freedom® Student credit card is best for college students looking to build credit and earn a flat cashback rewards rate, and who don’t need a card to use outside the United States, since it does charge a foreign transaction fee for purchases made abroad.

Read full review

Less

Finder

Great for students interested in building their credit and earning rewards

from Finder

Chase’s first foray into the student credit card field is a respectable one, as the opportunity to start building Chase Ultimate Rewards points is valuable if you plan on sticking with Chase long-term. That said, there are other great student cards out there, several with better reward opportunities.

Read full review

Chase’s first foray into the student credit card field is a respectable one, as the opportunity to start building Chase Ultimate Rewards points is valuable if you plan on sticking with Chase long-term. That said, there are other great student cards out there, several with better reward opportunities.

Read full review

Less

Investopedia

Automatic credit limit increase available, simple rewards program

from Investopedia

The Chase Freedom Student card is best for college students who want a simple card to earn rewards, without having to worry about activating or keeping track of spending categories. You’ll earn 1% cash back on every purchase you make, period. Your rewards never expire, and there is no minimum a...More

The Chase Freedom Student card is best for college students who want a simple card to earn rewards, without having to worry about activating or keeping track of spending categories. You’ll earn 1% cash back on every purchase you make, period. Your rewards never expire, and there is no minimum amount you have to redeem to get the cash back.

Read full review

Less

The Balance

A good first credit card

from The Balance

The Chase Freedom Student card doesn’t offer the most exciting rewards program, but for students (and parents) who are looking for a reliable low-cost card for building credit and funding campus purchases, it’s arguably the best choice on the market.

Read full review

The Chase Freedom Student card doesn’t offer the most exciting rewards program, but for students (and parents) who are looking for a reliable low-cost card for building credit and funding campus purchases, it’s arguably the best choice on the market.

Read full review

Less

FinanceBuzz

Decent rewards and a sign-up bonus

from FinanceBuzz

The Chase Freedom Student card is perfect for college students who want a simple, easy-to-use card. It’s an excellent first credit card, helping you build good credit habits while you earn cashback rewards. It has a lower APR than many other student credit cards, so you could save money if you...More

The Chase Freedom Student card is perfect for college students who want a simple, easy-to-use card. It’s an excellent first credit card, helping you build good credit habits while you earn cashback rewards. It has a lower APR than many other student credit cards, so you could save money if you generally carry a balance. And you can redeem your rewards in a variety of ways, so it’s a good option if flexibility is important to you.

Read full review

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Compare Cards

Simple rewards structure, credit limit increase

from Compare Cards

Though the Chase Freedom® Student credit card doesn’t offer the highest rewards rate among student credit cards, it is a solid option if you want a flat-rate card that charges a $0 annual fee. Additionally, because the Chase Freedom® Student credit card offers tools to help encourage responsi...More

Though the Chase Freedom® Student credit card doesn’t offer the highest rewards rate among student credit cards, it is a solid option if you want a flat-rate card that charges a $0 annual fee. Additionally, because the Chase Freedom® Student credit card offers tools to help encourage responsible card usage, such as credit limit increases, free credit scores and credit bureau reporting, it is ideal for those looking to establish and build credit.

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Travel Update

Don’t see it competing very well in its current incarnation

from Travel Update

The Chase Freedom Student Card has the potential to be a nice card for students and rebuilders alike. It serves as Chase’s foray into the growing student card market as the bank is trying to build relationships with Generation Z. However, its hampered by a surprisingly weak earning structure, a...More

The Chase Freedom Student Card has the potential to be a nice card for students and rebuilders alike. It serves as Chase’s foray into the growing student card market as the bank is trying to build relationships with Generation Z. However, its hampered by a surprisingly weak earning structure, a low sign-up bonus, and a lack of viable perks.

Read full review

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User Reviews


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