Chase Freedom - is it for Free?

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intro purchase APR 0% for 15 months	regular APR15.49 - 24.24% (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

 

fair credit required

Terms and Conditions

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 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