Chase Freedom®
Advertiser Disclosure
Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.
This popular no annual fee Chase Visa card offers 5% cash back in categories that rotate every three months. If you don’t like being tied down to just a few bonus categories, the Freedom gives you opportunities to earn on different purchases throughout the year.
Highlights & Features
Rewards
- 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
$150 cash bonus after spending $500 on purchases in the first 3 months after account openingBalance 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 | 0% Intro APR on Balance Transfers for 15 months |
| Regular Balance Transfer APR | 16.74 - 25.49% 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 | 26.74% Variable |
| Cash Advance Fee | Either $10 or 5% of the amount of each transaction, whichever is greater. |
ABOUT THE ISSUER
Chase
Chase has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your
Credit card issuer's websiteThe 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 | 5% Cash Back Category |
|---|---|
| 2019: January – March | Gas Stations, Tolls, Drugstores |
| 2019: April – June | Grocery Stores, Home Improvement Stores |
| 2019: July – September | Gas Stations, Streaming Services |
| 2019: October – December | Department Stores, PayPal, Chase Pay |
There’s also a $150 introductory cash bonus, which you can get by spending just $500 in the first 3 months after account opening. This card is issued as a Visa Platinum if your credit limit is below $5,000. If your credit limit is $5,000 or above you’ll get a Visa Signature, with slightly upgraded benefits.
You’ll get a 0% Intro APR on Purchases introductory APR on both purchases and balance transfers for 15 months, quite a nice offer on a rewards card, with a 16.74 - 25.49% Variable APR after that.
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).
