Chase Freedom®
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The Chase Freedom Visa has been replaced by the Chase Freedom Flex℠ (Review), a similar card with an expanded rewards program that makes this already-great offer even better.
Highlights & Features
Rewards
- 5% cash back on Lyft purchases (through March 2022)
- 5% cash back on rotating categories, up to $1,500 in spending each quarter, then 1%
- 1% cash back on all other purchases
| Introductory Bonus |
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Balance Transfers
A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
| Intro Balance Transfer APR | N/A |
| Regular Balance Transfer APR | 14.99% - 23.74% Variable |
| Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
Fees
| Penalty APR | N/A |
| Late Fee | Up to $39 |
| Returned Payment Fee | Up to $39 |
| Additional Cards Annual Fee | N/A |
| Foreign Transaction Fee | 3% of each transaction in U.S. dollars |
Cash Advances
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
| Cash Advance APR | 24.99% Variable |
| Cash Advance Fee | Either $10 or 5% of the amount of each transaction, whichever is greater. |
Chase Freedom®
Highlights
- $200 bonus for spending $500 in the first 3 months
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
- Unlimited 1% cash back on all other purchases – it’s automatic
- 0% Intro APR for 15 months from account opening on purchases, then an APR of 14.99% - 23.74% Variable
- No annual fee
- Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
- Free credit score, updated weekly with Credit Journey℠
ABOUT THE ISSUER
Chase
Chase has several card types depending on your needs.
Manage your Account & Pay your Bill
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Credit card issuer's websiteInsider tip
The Chase Freedom has been replaced by the Chase Freedom Flex℠ (Review).
The Chase Freedom is a Visa cash back card that offers 5% cash back in select categories, which rotate every 3 months. You’ll get that rate on the first $1,500 spent per quarter in those categories, after which it drops to 1% back.
If you find yourself making purchases in these categories every year, the Freedom card could be a great addition to your wallet. Take note that you’ll need to activate the 5% bonus categories every quarter.
Here are the recent 5% cash back bonus categories:
| Quarter | 2019 Categories | 2020 Categories |
|---|---|---|
| January – March |
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| April – June |
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| July – September |
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| October – December |
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This card features contactless technology, allowing for quick tap-and-go payments.
For a similar card that offers 1.5% cash back on every purchase you make, check out the Chase Freedom Unlimited Credit Card (Review).
