Editor's Note: This offer expired and is no longer available. Chase has spent plenty of advertising dollars positioning the benefits of its various rewards credit cards with different types of consumers. While the Chase Sapphire card resonates with jet-setters who love luxury experiences, Chase Freedom's brand aligns with frugal Americans who love to uncover extra cash in their daily activities. That's why Chase's current credit card deal makes their cash back card an even better value. Along with enough rewards points to score a $100 rebate, new cardholders with excellent credit can get one of the bank's lowest "go to" rates, after 15 months at 0 percent introductory APR for purchases.
Chase Freedom blends features from the best cash back credit cards
Chase Freedom Visa borrows two concepts from some of the country's best cash back cards. Everyday purchases earn 1 rewards point for every dollar spent, adding up to the same base rebate as popular cards from Capital One and American Express. 100 reward points add up to a dollar rebate, and Chase's signup deal kicks off your account with 10,000 bonus points after you reach $500 in purchases in your first three month from account opening.
Like Discover, Chase also enables cardholders to sign up for quarterly bonus offers. Those opt-in deals offer an additional 5 percent cash back on up to $1,500 in rotating feature categories. In addition, the 2013 calendar includes restaurants, gas stations and promotions involving specific merchants such as Amazon.com. It's worth your time to set up calendar reminders for yourself about the sign-up periods, especially when promotions include bonus rewards at gas stations and restaurants.
Trading higher rebates for no annual fee
On paper, other cash back cards offer slightly bigger rebates than Chase Freedom Visa. However, those cards often come with annual fees in the high double digits, and it's no fun to see your rebate evaporate at renewal time. With no annual fee, Chase seems willing to bank on your long term loyalty. And with excellent credit an APR lower than usual for rewards cards, you can save even more money if you absolutely need to carry a balance.
Converting cash rebates into Ultimate Rewards
Chase Freedom and Chase Sapphire credit cards appeal to different kinds of consumers, but they both run on the same engine: Chase Ultimate Rewards. If you'd occasionally like to indulge in some exclusive experiences or pick up some deeply discounted gift cards, Chase's website gives you that option. Of course, you can still request a check or a statement credit for your rebate after you hit a $20 threshold.
Highlights: Chase Freedom® Visa $100 Bonus Cash Back
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