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Apply online for Chase Freedom®
About Our Ratings
Credit Needed
Excellent/Good

Chase Freedom® Review

Pros & Cons

  • Recently named CardRatings.com’s “Overall Winner” for best cash back credit cards.
  • One of the best cards on the market for cardholders who keep track of rotating categories. Maximizing the 5% cash back each quarter will earn you a chunk of money.
  • No annual fee and rewards never expire as long as your account is open.
  • Watch out for the cap on bonus cash back and be sure to set reminders to sign up for bonus categories each quarter.

Top Features

Cashback on Gas
1%
Cashback on groceries
1%
Cashback on other
Unlimited 1% cash back on every purchase and 5% total cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
Purchase APR
14.24%-23.24% Variable

Full Review

Curtis Arnold Editor-in-chief

Chase has carefully tailored it's positioning so that its various rewards credit cards are best suited to different types of consumers.

While the Chase Sapphire Preferred® 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 the opportunity to earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening, new cardholders can also earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period.

In addition new cardholders are offered 15 months at 0 percent introductory APR on purchases and balance transfers.

Chase Freedom® blends features from the best cash back credit cards Chase Freedom® borrows two concepts from some of the country's best cash back cards. Everyday purchases earn unlimited 1 percent cash back for every dollar spent on purchases, adding up to the same base rebate as popular cards from Capital One® and American Express®, a CardRatings.com advertiser.

150 reward points add up to a dollar rebate, and Chase's signup deal kicks off your account with 15,000 bonus points after you spend $500 on eligible purchases in your first three months from account opening. Like Discover, Chase also enables cardholders to sign up for quarterly bonus offers. Those opt-in deals offer 5 percent total cash back on up to $1,500 in combined purchases in rotating feature categories each quarter. 

Chase Rotating Categories, 2016

Chase Rotating Categories, 2016

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®. 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. 

Converting cash rebates into Chase Ultimate Rewards®

Chase Freedom® and Chase Sapphire Preferred® 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.

This card compared to other cash back cards

Cashback on Gas
1%
1% When You Buy, 1% As You Pay
Up to 3%
Cashback on Groceries
1%
1% When You Buy, 1% As You Pay
Up to 2% at grocery stores
Cashback on other
Unlimited 1% cash back on every purchase and 5% total cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
1% When You Buy, 1% As You Pay
1%
Purchase APR
14.24%-23.24% Variable
13.24% - 23.24%* (Variable) 
13.24% - 23.24% Variable APR on purchases and balance transfers 
Rates and Fees
CardRatings.com Editorial Staff

Chase Freedom® details

Balance Transfer Intro APR
0% Intro APR
Balance Transfer Intro Period
for 15 Months
Purchase Intro
APR:
0% Intro APR
Period:
for 15 Months
Purchase APR
14.24%-23.24% Variable 
Annual Fee
$0

What Chase says about this card

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories every 3 months like Gas Stations, Restaurants, and Select Grocery Stores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • Cash Back rewards never expire as long as your account is open
  • No annual fee

Credit Card Consumer Average Ratings:

Overall Ratings
Reward Program
Card Benefit
Customer Service

Credit Card Consumer Reviews:

  1. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    Mark ( Apr 19, 2014 at 11:38 pm)

    I have been a member since 1998, always paid in full and on time and yesterday they decided to close my account and no one in India or anyone in America will tell me why. They just tell me to read the letter, which sounds good except that I am not home because I came to my parents house for Easter, which Chase does not even care about.


  2. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    Bill ( May 9, 2013 at 7:59 am)

    Love the cash back rewards. I picked this card up about a year ago. It is very easy to transfer your cash back rewards to pay down your bill. You need to be sure to sign up quarterly for the bonus categories. It only takes a few minutes and you can get quarterly text message remainders.


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Featured offers
Currently available on the Chase Freedom®
$150 Bonus
After you spend $500 in your first 3 months from account opening; $25 Bonus when you add your first authorized user and make your first purchase within this same 3-month period

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Apply online for BankAmericard Cash Rewards™ Credit Card

BankAmericard Cash Rewards™ Credit Card

  • No annual fee
  • $100 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • Earn 1% cash back on every purchase, 2% at grocery stores and 3% on gas up to the first $1,500 in combined grocery/gas purchases each quarter
  • No changing categories and no expiration on rewards
  • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 13.24% - 23.24% Variable APR. 3% fee (min $10) applies to balance transfers.
  • Get a 10% customer bonus every time you redeem your cash back into a Bank of America(R) checking or savings account
  • If you're a Preferred Rewards client, you can increase that bonus to 25%-75%. Click "Apply Now" to learn more about Preferred Rewards
Credit Needed:
Excellent/Good
Apply online for Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

  • Get $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive $150 back in the form of a statement credit.
  • Earn Cash Back: 6% U.S. supermarkets up to $6,000 per year in purchases (then 1%), 3% U.S. gas stations & select U.S. dept stores, 1% other purchases. Terms and limitations apply.
  • With the Blue Cash Preferred(R) Card, you can start earning cash back. No rotating reward categories. No enrollment required.
  • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Cash back is earned only on eligible purchases.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 13.24% to 22.24%%, based on your creditworthiness and other factors.
  • Terms and limitations apply.
Credit Needed:
Excellent