Chase Freedom - is it for free?

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at issuer’s secured site
fair credit
intro purchase APR 0% for 15 monthsregular APR13.99 - 22.99% (V)
intro BT APR 0% for 15 months 3% BT fee $5 min
rewards 1% or 5% on every $1 +$100
  • 5% cashback on quarterly categories ($1,500 quarterly limit, then 1% )
  • get $100 bonus after spending $500 on the card in the first 3 months 
  • get $25 on first added authorized card user

 

no annual fee

0% intro APR

5% cash back on quarterly categories

$100 intro bonus

Editors Review

Pros

  • no annual fee
  • 0% intro APR for 15 months on balance transfers and purchases. Notice, there is a BT fee on this card unlike the Chase Slate that doesn't charge you any BT fee in the first 60 days
  • 5% cashback on quarterly changing categories (gas, dining out, groceries, Amazon purchases)
  • $100 bonus for spending more than $500 in the first 3 months
  • $25 bonus for the first additional cardholder (authorized user)

Cons

  • 3% foreign transaction fee

Verdict 

A good 5% cashback earning card. No annual fee, Intro 15 months 0% APR - all these features combined makes a great card.  The card is offered to people with average, good, and excellent credit, so not only excellent score owners can enjoy great benefits and cashback.
A good tip: if you own Chase Sapphire Preferred card as well, you can transfer your Freedom card  points on your Sapphire card account and then use them to redeem for travel booked through Chase with a 25% boost on your points. That will give you 6.25% total returns on selected categories and 1.25% on everything else with a Freedom card
 
Last updated: 06/15/2015









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