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Chase Freedom® Visa credit card

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Chase Freedom® Visa credit card

Chase Freedom is a credit card issued by JP Morgan Chase that offers a very reasonable cash rewards program. This is a card you buy to earn real cash in return for all the purchases you make. When you sign-up with Chase Freedom, you get a bonus of $100 after spending on purchases worth $500 within the first three months of opening an account with them. Then there is a 5% cash back on some of the purchases, and 1% on most others – all of which makes Chase Freedom one of the best cash back credit cards out there.

Credit quality necessary applying for this card:

ANNUAL FEE REGULAR APR PURCHASES BALANCE TRANSFERS CARD RATE
$0 0% Intro APR: 13.99% — 22.99% (Variable)
Intro period: 15 months
Intro APR: 0%
Intro period: 15 months
 

Annual Percentage Rate

Chase Freedom offers a 0% APR on signing-up for the first 15 months of purchases as well as on balance transfers. After the 15 month introductory period, you’ll have a variable APR of 13.99% to 22.99% depending on your credit score.

Balance Transfer

Because of the introductory APR of 0%, you don’t have to pay anything when you transfer balance from another credit card to your Chase Freedom card. But after the introductory 15-month period, you’ll have to pay a balance transfer fee of 3% of the amount transferred, or a minimum of $5.

Rewards

Chase Freedom is one of the best cash back cards in the business, offering cash back of 5% (up to purchases of $1500) on bonus categories that change each quarter. This is massive, and this means you get an average cash back of 2% on each of the categories by the end of the year. There is no earning limit on the rewards, and the rewards program stays active as long as you have an account with Chase Freedom. You don’t have any spending tiers either, which is really useful. With Chase Freedom, you can accumulate a lot of money in terms of cash back, and don’t have to worry about the cash back program expiring at all – which is a problem you’re likely to face with other cash back credit cards.

Fees

There is no annual fee with Chase Freedom. This is really quite a helpful feature to have.

Media Support

Chase Freedom has a very decent 24/7 US based customer support,. Customer problems are solved instantly by executives, who really know what they are doing and go the extra mile to help you out. They seem to value their customers, which is a real bonus and eager to be of assistance.  You can get in touch with the customer support of Chase Freedom by email or by calling the official toll free number.

Conclusion

Chase Freedom is one of the best cash back credit cards out there. You get cash back, rather than rewards – what that means is that you get cold hard cash, instead of just points, cash which you can use for any purpose of your choice.

There are a plenty of quality bonus offers available as well, which is just splendid. You can take advantage of the 5% cash back on certain categories by planning ahead and knowing beforehand about the categories for a particular quarter. You will be receiving up-to-date information on this from Chase Freedom, so you will be able to strategize your purchase better.

We really have nothing negative to say about Chase Freedom. It’s as good as it gets.

  • 5% cash back on Bonus categories
  • Excellent sign-up bonus offers
  • 1% cash back on all other purchases
  • No annual fee
  • 0% APR on purchases and balance transfers for 15 month
  • No earning limit
  • Cash rewards don’t expire till your account is open.
  • Some people might not appreciate the changes in the bonus categories every quarter
  • The bonus categories might not suit everyone’s taste.