Chase Freedom credit card holders can enjoy cash back rewards that buck the industry trend of disappearing perks and rising fees. All purchases made on Chase Freedom cards qualify for a minimum cash rebate of 1 percent, regardless of spending patterns or previous program reward levels. Every three months seasonal promotions can qualify many common purchases for bonus rebates of up to 5 percent. You can sign up for the seasonal quarterly promotions to earn up to 5 percent up to the quarterly maximum in purchases in categories that change throughout the year.
Reviews of popular cash back credit card programs indicate that many consumers must spend upwards of $3,000 per year on a reward card before receiving any significant perks. Not so with the Chase Freedom.
Instead of receiving cash back rewards as statement credits, Chase Freedom cardholders can opt to participate in Chase's Ultimate Rewards program. Choosing redeemable points instead of cash back allows cardholders to get even more value on certain travel and entertainment rewards. With no annual fee Chase Freedom could attract business from more expensive competitors.