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Chase Freedom®
Recommended credit score: Excellent Good
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The Chase Freedom® credit card will surprise you with extremely profitable 5% cashback on rotating categories. If paired with some other credit cards issued by Chase, Chase Freedom® also will become your top priority on the way for travel rewards maximization.

  • $0 annual fee,
  • 5% cashback on purchases in rotating categories, 1% on all other purchases,
  • $150 sign-up bonus after $500 spent from this card during first 3 months,
  • Opportunity to use travel maximization strategy if paired with other Chase credit cards.
  • 3% foreign transaction fee.

How to use this card

Using this card you get a generous cashback rewards on purchases in certain categories. These categories rotate every 3 month, and for each purchase within the category you get 5% cashback. All other purchases will grant you 1% cashback.

You can get 5% cashback on up to $1,500 every quarter. After you reach a $1,500 cap, you earn only 1% cashback on purchases in rotating categories. Remember, that you have to activate your participation in the 5% cashback reward program each quarter. It’s free and easy to do online, but if you miss an activation deadline, all your purchases will grant you only 1% cashback till the end of the quarter.

Spend $500 on Chase Freedom® within first 3 months and you will get a $150 sign-up bonus.

With Chase Freedom you earn cashback on purchases in a form of reward points, called Ultimate Rewards®. You can redeem reward points on a wide range of options, such as gift cards, credit statement, entertainment, travel, etc. If you are interested in points redemption for travel, you might prefer to obtain also another Chase premium card – Chase Sapphire Preferred® or Chase Sapphire Reserve® – to use it together with Chase Freedom® for travel rewards maximization purpose. To learn more about this maximization strategy with Chase Freedom®, read our guide “Combine Chase Cards To Maximize Travel Rewards”.

Although the Chase Freedom® card has generous cashback rewards within certain categories, sometimes these categories may not coincide with your consumer habits. If you are interested in maximization of cashback rewards, you might want to obtain one more credit card that grants 5% cashback. Such credit cards are Discover it® Card and U.S. Bank Cash+™ Visa Signature® credit card – they also give you 5% cashback on rotating categories.

How much it costs

The Chase Freedom® credit card has no annual fee. Moreover, a 0% intro APR is offered during first 15 months. After 15 months a variable 15.99% - 24.74% APR is applied based on your creditworthiness. Penalty fee up to $37 for late payments is charged based on credit card balance.

The bottom line

Chase Freedom® is a must have card for anyone who is interested in generous cashback rewards. This card is quite cheap to maintain and has wide and flexible options for redemption. Customers interested in wider cashback options or in maximization of travel rewards might want to combine this card with some others. Rewards maximization with Chase Freedom® is a bit sophisticated, but it worth your efforts.
Chase Freedom® photo
Chase Freedom®
Recommended credit score: Excellent Good
Apply Now