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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
-


7.8/10
Informr score
The Chase Freedom® Student credit card currently has an Informr score of 7.8 out of 10. This score is based on our evaluation of 11 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...


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 gener...

- Kat Tretina, FinanceBuzz
MoneyUnder30

The Chase Freedom® Student credit card can help students begin to build a strong credit profile while earning a $50 Bonus for signing up and making one purchase during the first three months.  There’s no annual fee to own.

- Sarah Sharkey, MoneyUnder30
Credit Card Insider

The Chase Freedom Student is a solid offer for young students with limited or no credit history. For no annual fee, it offers 5% cash back for Lyft and 1% elsewhere, with a $20 anniversary bonus and automatic credit line increase.

- Brendan Harkness, Credit Card Insider
MyBankTracker

This Chase Freedom Student Credit Card review offers an overview of the card's best features. The card is designed for students who are ready to work on building credit while getting rewarded for their purchases. In terms of rewards, the 1% cash back you can earn is similar to what other student car...

- Rebecca Lake, MyBankTracker
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

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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