You'll pay an introductory balance transfer fee of $5 or 3% of the transfer amount (whichever is greater) when you transfer a balance during the first 60 days your account is open (then $5 or 5%). After the intro period expires, the standard rate is a variable APR of 14.99% to 23.74%. New cardholders have access to a 0% introductory APR for 15 months from account opening on purchases and balance transfers. Those points are worth $400, according to TPG's most recent valuations. You can boost the value of the sign-up bonus by converting the bonus to points (20,000) when you transfer them to a Chase account that's part of the Ultimate Rewards program. If you sign up through the links in this article, you'll earn $200 cash back after you spend $500 on purchases during your first three months after account opening. The bonus isn't nearly as high as you'll see on some cards with high annual fees, but it's decent for a card with no annual fee. The Chase Freedom makes for a great starter card because it pays a sign-up bonus, yet has no annual fee. Related reading: Maximize your wallet with the perfect quartet of Chase cards Sign-up bonus The Points Guy will not share or sell your email. I would like to subscribe to The Points Guy newsletters and special email promotions. The Chase Freedom may not be a good choice for you if you don't typically spend money in the card's rotating categories, or if you don't have the time or inclination to track category spending. Are you someone who enjoys closely tracking your spending to squeeze every benefit out of a credit card? The Chase Freedom's rotating bonus categories may fit the bill.Just be sure to watch out for the issuer's 5/24 rule, which could restrict you from opening new cards with Chase if you've opened five or more accounts across all issuers in the last 24 months. Are you a points accumulator who already has other Chase cards in your wallet? Adding this card could help you complete the Chase quartet.Are you just starting out in the rewards game? You can accrue cash back with the Chase Freedom that can be converted to Chase Ultimate Rewards points once you add a Chase Ultimate Rewards-earning card to your wallet.The Chase Freedom is a great fit for several kinds of credit card users: The card details on this page have not been reviewed or provided by the card issuer. The information for the Chase Freedom has been collected independently by The Points Guy. Let's take a closer look at the Chase Freedom so you can determine whether it is a good fit for your spending and lifestyle. Doing so effectively doubles your earnings: based on TPG's valuations, you can earn a 10% return on up to $1,500 in bonus category purchases each quarter. To get the most out of it, you'll need to be aware of which purchases will earn bonus points and primarily use your Chase Freedom to make these purchases.Īlthough the Chase Freedom is marketed as a cash-back card, if you have a Chase Ultimate Rewards earning card - the Chase Sapphire Preferred Card, the Chase Sapphire Reserve or the Ink Business Preferred Credit Card - you can transfer rewards earned by your Chase Freedom to Ultimate Rewards points. This is because the Chase Freedom earns 5% back on up to $1,500 in combined purchases in bonus categories each quarter you activate. The Chase Freedom is one of the earliest cards I used to try to maximize my earnings. Card Rating*: ⭐⭐⭐⭐ *Card Rating is based on the opinion of TPG's editors and is not influenced by the card issuer. You can convert rewards earned on the Chase Freedom to Ultimate Rewards if you have a card that earns Ultimate Rewards, which effectively doubles your return by unlocking valuable redemption opportunities. The Chase Freedom offers 5% cash back in select categories that change quarterly, as well as travel and shopping protections that aren't common on cards without an annual fee. Update: Some offers mentioned below are no longer available. Click here for more information - Chase Freedom Flex Update: The Chase Freedom card is no longer available for new sign-ups and was replaced with the Chase Freedom Flex.
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