Chase Freedom Rise® Review

Start building credit while earning cash back on all purchases. Cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
author Jennifer Doss

Chase Freedom Rise®

Chase Freedom Rise®
Our Rating:   
Excellent, Good
on Chase's secure website

CardRatings Editor's Analysis: Pros & Cons

  • Start building credit while earning 1.5% cash back on all purchases (cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back).
  • Earn a $25 statement credit after signing up for automatic payments within the first three months of opening your account.
  • In six months, you'll be evaluated for a credit line increase.
  • This card is designed for people new to credit - not people with bad credit. If you already have existing credit you're trying to work on, this probably isn't the best card for you.
Terms and Limitations Apply.

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Who is the card_name a good fit for?

The card_name card is a credit card designed for people who are new to the world of credit. So college students would be a good fit, but also just about anyone who is looking for their first credit card. This is the type of credit card that is sometimes described as a "credit builder card." But unlike a lot of credit builder cards, this isn't a secured credit card. It's unsecured, so you don't have to pay any money to open an account. You just probably won't get a huge credit limit if you are approved.

In short, if you've had credit cards for years, this probably isn't the card for you.

Top Features

 Rewards
With Chase Freedom Rise®, you can start building credit while earning 1.5% cash back on all purchases. Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
 Bonus Rewards
Earn a $25 statement credit after signing up for automatic payments within the first three months of opening your account. With automatic payments, just pick a date and dollar amount to make sure your Credit Card gets paid on time.
 Regular APR
26.99% Variable

How to increase your card_name approval chances

Chase, on their website, makes it clear that if you're a student or otherwise new to credit cards and you first open a Chase checking or savings account and keep it open for at least three days with a minimum of $250 in deposits in the account, that "may improve" your chances of being approved for card_name.

The words "may improve" is not exactly a guarantee, of course, and you could wind up with a new checking account, but no new credit card. Still, if you need a new bank account anyway, it may be worth considering.

Other than that, you want to make sure you are maintaining good financial habits. If you're new to credit, and you end up with a bunch of debts in collections, that's a sure-fire way to get a credit card company to not approve you for a credit card.

card_name benefits

  • Earn 1.5% cash back on all purchases.
  • Enroll in automatic payments (you pick the date and dollar amount) within the first three months of opening your account, and you'll earn a $25 statement credit.
  • No annual fee.
  • Perks such as trip cancellation/interruption insurance (up to $1,500 per person and $6,000 per trip) for qualified events that prevent travel (provided you've booked the event with your card_name card ).
  • In six months, you'll be evaluated for a credit line increase (this is fairly standard, but if you're looking to build credit, it's worth knowing).
  • You'll be provided with your credit score for free (also pretty standard these days, but if you're trying to build credit, you'll be able to easily monitor your score as you travel on your credit card journey).
  • Perks, like discounts, from select Chase partners such as Lyft rides, Instacart and DoorDash.

card_name credit limit increase

In six months, you'll be evaluated for a credit line increase (this is fairly standard, but if you're looking to build credit, it's worth knowing). Assuming you've been maintaining good financial habits, such as making payments on time, and especially if you've making those payments in full, logic would suggest you'll have a good chance of getting a credit line increase. That said, everybody's financial situation is different, and so it's impossible to say for sure.

How does the card_name compare to other credit cards?

card_name vs. card_name

discontinued_disclaimer

card_name is a credit builder card for people who are new to the world of credit; card_name is aimed at the cardholder who has been around for a while. That said, there are a fair amount of similarities. For instance, both cards have no annual fee, and each card specializes in offering 1.5% on all purchases.

That said, the card_name goes a little further, offering 3% on dining at restaurants (including takeout and eligible delivery services) and 3% on drugstore purchases, and 5% on travel purchased through Chase Travel℠.

So, if you already have established credit and your credit score is pretty good, the card_name card is a nice option to consider.

card_name vs. card_name

discontinued_disclaimer

Both the card_name and the card_name cards are similar in one way - they aren't aimed at somebody who has excellent credit. Chase Freedom Rise is marketed to people new to credit, and card_name is aimed at people who have fair credit - so they may be an experienced credit card user, but perhaps their credit score has been banged up over the years.

There's also another big distinction, one that may keep people who are new to credit leaning toward the card_name card and away from card_name : it has an annual fee.

Now, as annual fees go, it isn't high -- annual_fees. So if you have fair credit, and you otherwise like the card, you shouldn't feel like a chump for paying the annual fee. You'll presumably make the annual_fees back as you start earning rewards. card_name offers an unlimited 1.5% cash back on every purchase, every day (just like the card_name).

Frequently asked questions

Do card_name points expire?

No, Chase Ultimate Rewards points do not expire -- provided you keep your account open, and it's in good standing (i.e., you're making your regular payments). If you were to somehow close your account and then try to redeem or transfer your points, you'd be out of luck.

What credit score do you need with card_name?

There is no specific credit score that card_name is looking for. In fact, you don't need to have a credit score or any credit history to get the Chase Freedom Rise credit card. It's designed for new credit users. (Which is different than being designed for people with low credit scores. If you have a really low credit score with a lengthy credit history of missed and non-payments, you may find that you aren't approved.)

How long does it take to move from card_name to Sapphire Preferred?

Generally, it takes about a year to move from card_name to another Chase credit card such as card_name. That said, there are no hard and fast rules as to how long it takes to move from any credit card to another, and in order to upgrade your account to something with more rewards and perhaps a bigger available credit balance, you have to make on-time payments and continue to have good borrowing habits.

What benefits does Freedom Unlimited have vs. card_name?

The card_name card is designed for people new to credit and offers flat-rate cash back on all purchases, whereas the card_name card is designed for those with more established credit and offers additional bonus cash back in a variety of categories. Both cards do not have an annual fee.

Disclaimer: The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

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