Chase Freedom® MasterCard

Expert's Rating:

I think the initial cash back sign up bonus is great although you do have to meet certain spending requirements. The 5% cash back bonus in rotating spending categories is a good offer as well, but consumers should be aware of quarterly spending caps. Consumers should also watch out for the APR. If you do not have excellent credit the interest rate on this card can get high. All in all this is a good card for rewards seekers that pay in full each month.

Credit Card Rate Information:

Purchase

Balance Transfer

Cash Advance

Index:

Prime

Margin:

9.74 - 17.74

15.99-19.99

APR:

12.99% - 22.99% Variable

19.24% - 23.24% Variable

APR Floor:

None

Intro Rate:

0%

N/A

Intro Period:

15 months

None

Finance Calculation Method:

Average Daily Balance

Purchase Grace Period:

21 days

Default/Penalty APR:

29.99% Variable

Default/Penalty Margin:

26.74

Default/Penalty APR Floor:

None

Maximum Default APR:

29.99%

Penalty/Default Trigger:

The Penalty APR will apply to your Account if you: fail to make any Minimum Payment by the date and time due (late payment); exceed your credit line; make a payment to Chase that is returned unpaid; or do any of the above on another account or loan you have with Chase or any of their related companies.

Credit Card Fee Information:

Annual Fee:

None

Foreign Transaction Fee:

3%

Late Fee:

Over-the-limit Fee:

Up to $35 max.

Balance Transfer Fee:

whichever is greater

Cash Advance Fee:

whichever is greater