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
  • 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, Google 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
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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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