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Chase Freedom®

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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.

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Our rating
Min. credit level: Good
Annual Fee: $0
Regular APR: 14.99% - 23.74% Variable
Intro Purchase APR: 0% Intro APR on Purchases for 15 months

Chase Freedom®

Our rating
Good Min. credit level
$0 Annual Fee
Apply Now Read our Review

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

$150 cash bonus after spending $500 on purchases in the first 3 months after account opening

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.
How to Transfer a Balance on a Credit Card

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
Learn About Types of Credit Card Fees

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.
How to Get a Cash Advance with a Credit Card
Chase Freedom®

Highlights

  • $150 cash bonus after spending $500 on purchases in the first 3 months after account opening
  • 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 a variable 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

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1-800-432-3117 or

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Due to the impact of COVID-19, for eligible card accounts approved from 1/1/20 through 3/31/20, the period to make eligible purchases to earn the welcome bonus will be extended for an additional three months.

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
  • Gas Stations
  • Tolls
  • Drugstores
  • Gas Stations
  • Streaming Services
  • Internet, Cable, Phone Services
April – June
  • Grocery Stores
  • Home Improvement Stores
  • Grocery Stores
  • Fitness Club & Gym Memberships
  • Streaming Services
July – September
  • Gas Stations
  • Streaming Services
  • Amazon
  • Whole Foods Market
October – December
  • Department Stores
  • PayPal
  • Chase Pay
 TBA

Along with all that you’ll still get 5% cash back on Lyft purchases, through March 2022.

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% introductory APR on purchases for 15 months, quite a nice offer on a rewards card, with a 14.99% - 23.74% 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).