Our Review: Chase Freedom® is a cash rewards card with lots of extra benefits. You can now get $150 cash back when you spend $500 in the first three months, and you’ll never pay an annual fee. The card offers unlimited 1% cash back on all purchases, 5% cash back on purchases in specific categories that change quarterly, and 0% intro APR for the first 15 months. Typical bonus categories include gas stations, drug stores, and often specific outlets like Amazon and Lowes.
One of the hidden bonuses of the Chase Freedom we especially like is the ability to transform earned cash back points into Chase Ultimate Reward points by transferring them to a Chase Sapphire or card. Ultimate Rewards points have high value and are transferable to United, British Airways, Hyatt, and many of our other favorite travel partners.
The Facts:
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
- 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
- Enjoy new 5% categories every 3 months like Gas Stations, Restaurants, and Select Grocery Stores
- Unlimited 1% cash back on all other purchases – it’s automatic
- Cash Back rewards never expire as long as your account is open
- No annual fee
Verdict: A great stand alone cash back card or perfectly paired with a Chase Sapphire.