chase freedom first time credit card

The Chase Freedom® Student credit card starts new cardholders off with a $50 Bonus after first purchase made within the first 3 months from. For example, if you received your first credit card three months ago, and you apply for 6 Chase cards in the next six months, it raises a red flag. Is the Chase Freedom® Student credit card worth it? With no annual fee and a relatively good cash back rate, this card is worth getting for.
chase freedom first time credit card

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You can get more out of your everyday purchases with the right cash-back credit card. Some cash-back credit cards offer flat-rate perks, like 1% to 2% cash back on all purchases, while others reward you at higher rates, between 2% and 6%, when you spend money on groceries, at gas stations or even with certain retailers. And, cash-back credit cards can help you earn a little extra back every time you purchase a holiday gift.

When you earn cash back, your rewards usually show up as a statement credit that can be used to pay your bill or be deposited into your bank account. Every time you use your credit card on eligible purchases, you'll earn real dollars and cents back. It's that simple. Check out our picks of the best cash-back credit cards below. We update this list continuously to make sure you stay informed of the best opportunities available. 

Intro Bonus$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

APR13.99% - 23.99% Variable APR on purchases and balance transfers

Recommended Credit Excellent/Good

Reward Rates
  • Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn unlimited 1% on all other purchases.

Annual Fee$0

Intro Purchase APR0% Intro APR for 15 billing cycles for purchases

Intro Balance Transfer APR0% Intro APR for 15 billing cycles for any BTs made in the first 60 days. A 3% fee (min. $10) applies.

Balance Transfer Fee Either $10 or 3% of the amount of each transaction, whichever is greater.

Balance Transfer APR13.99% - 23.99% Variable APR on purchases and balance transfers

Late Payment Fee Up to $40

Foreign Transaction Fees 3%

Penalty APR up to 29.99% APR

  • Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
  • Earn unlimited 1% on all other purchases.

Our Take

Most cards that offer category selection for maximized cash rewards limit these selections to a single quarter. But the Bank of America Customized Cash Rewards credit card* allows you to select "online shopping" as an indefinite rewards category where you can earn 3% cash back rewards. Note that you must manually choose this category via online what time does the bank open on weekdays or the mobile banking app, as the default category is "gas." 

You can also earn 2% cash back at grocery stores and wholesale clubs (earn 3% and 2% cash back on up to $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then 1%), and 1% cash back on all other purchases. The welcome bonus doesn't hurt, either.

Intro Bonus$200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

APR14.99% - 24.74% Variable

Recommended Credit Excellent/Good

Reward Rates
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% on travel purchased through Chase Ultimate Rewards®.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services and on drugstore purchases.
  • Unlimited 1.5% cash back on all other purchases.

Annual Fee$0

Intro Purchase APR0% Intro APR on Purchases for 15 months

Intro Balance Transfer APR0% Intro APR on Balance Transfers for 15 months

Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater.

Balance Transfer APR14.99% - 24.74% Variable

Foreign Transaction Fees 3% of each transaction in U.S. dollars

Penalty APR Up to 29.99%

  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 5% on travel purchased through Chase Ultimate Rewards®.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services and on drugstore purchases.
  • Unlimited 1.5% cash back on all other purchases.

Our Take

While there are a few contenders for the best grocery credit card, the Chase Freedom Unlimited offers a grocery deal that's hard to beat. Not only does it offer one of the highest cash-back rates for grocery store purchases at 5% (not including Target or Walmart purchases), but it has one of the highest spending caps for this category as well, at $12,000 on these purchases for the first year. So you can earn up to $600 cash back in the first year, just on groceries -- that's without mentioning the other cash back rewards categories this card offers.

Intro BonusEarn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.

APR13.99%-23.99% Variable

Recommended Credit Excellent,Good

Reward Rates
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back at U.S. gas stations
  • 1% Cash Back on other purchases

Annual Fee$0 introductory annual fee for the first year, then $95.

Intro Purchase APR0% on purchases for 12 months

Balance Transfer Fee N/A

Late Payment Fee Up to $40

Foreign Transaction Fees 2.7% of each transaction after conversion to US dollars.

Penalty APR 29.99% Variable

  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more
  • 3% Cash Back at U.S. gas stations
  • 1% Cash Back on other purchases

Our Take

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

While there are chase freedom first time credit card lot of other quality gas cards available, the Blue Cash Preferred Card from American Express boasts simplicity with straightforward cash-back rewards and no annual fee for the first year ($95 annually after that). With 3% cash back at US gas stations, it gets one of the highest returns on the market for gas purchases. 

Even for city dwellers and commuters, this card offers great transportation benefits with 3% cash back on transit (trains, buses, parking, rideshare services, taxis, tolls and more). There are plenty more cash-back categories to enjoy with this card, as well. Cash back is received in the form of Rewards Dollars that can be redeemed for a statement credit.

Intro Bonus$300 after you spend $3000 on purchases within 3 months from account opening

APR15.99% - 23.99% (Variable)

Recommended Credit Excellent, Good

Reward Rates
  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services
  • Earn 3% at grocery stores
  • Earn 1% on all other purchases

Annual Fee$95

Intro Purchase APRN/A

Intro Balance Transfer APRN/A

Balance Transfer Fee None for balances transferred at the Transfer APR.

Balance Transfer APR15.99% - 23.99% (Variable)

Late Payment Fee Up to $40

Foreign Transaction Fees None

Penalty APR None

  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services
  • Earn 3% at grocery stores
  • Earn 1% on all other purchases

Our Take

With the Capital One Savor Cash Rewards Credit Card*, you can earn an unlimited 4% cash back on dining and takeout. The $300 welcome bonus (when you spend at least $3,000 within the first 3 months of account opening) can essentially cover your annual fee ($95) for the first three years.

You can even earn more chase freedom first time credit card rewards when you make purchases on entertainment (4%), popular streaming services (4%) and grocery stores (3%). For everything else, a 1% cash-back rate covers you. If you want to avoid the annual fee, or don't have a very large dining and entertainment budget, you may also want to consider this card's sibling, the Capital One SavorOne Cash Rewards Credit Card*, or some of our other best picks for restaurant credit cards.

Intro BonusNew! Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months

APR14.99%-24.99% (Variable)

Recommended Credit Excellent, Good

Reward Rates
  • Earn unlimited 2% cash rewards on purchases

Annual Fee$0

Intro Purchase APR0% intro APR for 15 months from account opening

Intro Balance Transfer APR0% intro APR for 15 months from account opening on qualifying balance transfers

Balance Transfer Fee up to 5%; min: $5

Balance Transfer APR14.99%-24.99% (Variable)

Foreign Transaction Fees 3%

Penalty APR None

  • Earn unlimited 2% cash rewards on purchases

Our Take

It doesn't get simpler than the Wells Fargo Active Cash Card*. This card boasts a 2% flat cash rewards rate on purchases -- the highest flat cash-back rate on the market. You don't have to worry which card you're going to use for which purchase. And while there are other cash-back credit cards that'll net you 2%, the sign-on bonus, $0 annual fee and introductory APR make this card stand out among the competition. This is also a great option for an emergency credit card.

FAQs

How do cash-back credit cards work?

Cash-back credit cards offer cardholders rewards on their spending in the form of statement credits or cash. A statement credit is a reduction in the amount due to the credit card company on your monthly bill. Note that rewards are not always available the month you earn them -- they are usually applied to your balance by credit card issuers after one or two billing cycles.

The redemption process for cash-back credit cards is either automatic or very simple. Some cards automatically apply cash rewards to your statement balance each month. Others require you to log in and redeem available rewards points for statement credits. Most points don't expire, but you will lose them if you close the account before redeeming them. 

What types of cash-back credit cards are there?

Cash-back credit cards generally fall into four primary categories: flat-rate, tiered, rotating or choose your own. 

Flat-rate cards offer the same rate for every purchase. Tiered cards offer a different rewards rate for different categories of spending. Rotating category cards offer different rewards each quarter, determined by the card issuer. Choose-your-own category cards allow you to choose your rewards category.

How do you choose a cash-back credit card?

To choose the best cash-back credit card for you, the most important thing is to have a clear idea of how you're already spending money each month. Once you identify the categories where you have the highest, most consistent spending, use the charts in our list to determine which card will net you the highest return. Consider other features of the cards, too, such as APR, sign-on bonuses and foreign transaction fees -- make sure you get something that fits with your lifestyle and spending habits.

Your credit card choice may also be affected by your credit score. Most of the cards we recommend require a good or excellent credit score, which is typically around 670 or higher. If you don't meet the credit criteria required, there are credit cards available that are specifically for those trying to rebuild credit, like secured credit cards. Alternatively, you can look into the best credit cards for no credit and the best credit cards for bad credit.

How we picked the best cash-back credit cards

We prioritized the cash-back credit cards that reward broad spending categories where Americans tend to spend significant amounts of money, instead of narrow categories like streaming services or "home improvement." Then we compared reward offerings with potential returns based on typical spending budgets derived from Bureau of Labor Statistics data. 

In the end, we chose five high-value options from the crowded market. Some are no-annual-fee, flat-rate credit cards that earn the same amount on all purchases. Some require you make a certain qualifying purchase to start earning cash-back rewards. Some credit cards offer a sign-up bonus reward as well as cash back. Some are limited to specific spending categories (such as whether it's a grocery purchase, gas purchase, dining, transit or travel) but have a higher rewards rate, while others charge an annual fee. We then outlined important information for each card, including whether it has a transfer fee, bonus redemption thresholds or introductory APR. We also specified general credit requirements for eligibility (if you find you aren't eligible for a card that offers cash-back rewards, try a student credit card first). 

For rates and fees of the Blue Cash Preferred Card from American Express, click here.

*All information about the Bank of America Customized Cash Rewards credit card, Wells Fargo Active Cash Card, Capital One Savor Cash Rewards Credit Card and the Capital One SavorOne First premier bank tarjeta de credito Rewards Credit Card has been collected independently by CNET and has not been reviewed by the issuer.

A direct deposit of news and advice to help you make the smartest decisions with your money.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services free food san antonio by our partners.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

Источник: https://www.cnet.com/personal-finance/credit-cards/best-cash-back-credit-cards/
Chase.com". www.chase.com. Retrieved February 25, 2021.
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  • Further reading[edit]

    • Bird, Kai (1992). The Chairman: John J. McCloy, the Making of the American Establishment. New York: Simon & Schuster. ISBN . OCLC 25026508.
    • Koeppel, Gerard T. (2000). Water for Gotham: A History. Princeton, NJ: Princeton Univ. Press. ISBN . OCLC 247735191.
    • Rockefeller, David (2002). Memoirs. New York: Random House. ISBN . OCLC 231967677.
    • Wilson, John Donald (1986). The Chase: The Chase Manhattan Bank, N.A., 1945–1985. Boston, Mass: Harvard Business School Press. ISBN . OCLC 13581810.

    External links[edit]

    Источник: https://en.wikipedia.org/wiki/Chase_Bank

    Chase Freedom Flex℠ Credit Card Review

    Chase Freedom has been a standby for rewards credit card enthusiasts for years. With its enticing lineup of 5% bonus cash-back categories and a slew of value-added perks for frugal cardholders, Freedom was one of the first no-annual-fee cash-back credit cards to achieve household-name status.

    Freedom hasn’t necessarily lost its luster in the years since, but it’s far from the only card of its kind these days. It was only a matter of time before Chase took the opportunity to refresh Freedom for a new generation of consumers.

    That time has come. The old Chase Freedom card is now Chase Freedom Flex℠. And it’s well worth a closer look, both for current Chase Freedom cardholders — who can request a product change from Chase — and those without active Chase Freedom card accounts.

    Key Features

    The old Freedom card’s quarterly rotating 5% bonus cash-back categories remain. They’re joined by unlimited 5% cash back on travel purchases made through the Chase Ultimate Rewards travel portal and 3% cash back on eligible dining and drugstore purchases.

    A truly impressive sign-up bonus and long 0% APR promotion on purchases serve to entice new cardholders, while a suite of potentially valuable Mastercard-backed benefits and limited-time opportunities to save with partners like Lyft and DoorDash further sweeten the deal.

    Read on to learn more about why the Chase Freedom Flex card is one of the best credit cards on the market and determine whether it’s right for you.

    Sign-Up Bonus

    Earn a $200 bonus cash-back credit when you spend at least $500 on eligible purchases within three months of opening your account.

    Plus, earn 5% cash back on grocery store purchases on up to $12,000 spent in the first year. This benefit does not include grocery purchases at Target or Walmart.

    Earning Cash-Back Rewards

    Freedom Flex’s cash-back rewards program breaks down as follows:

    • 5% cash back on up to $1,500 in total quarterly purchases (for $75 in total potential cash-back rewards each quarter) in certain quarterly rotating spending categories (rewards categories). Check out our list of the 5% bonus cash-back categories for Freedom Flex to see what’s on tap this quarter.
    • Unlimited 5% cash back on eligible Lyft rides through March 2022
    • Unlimited 5% cash back on eligible travel purchased through the Chase Ultimate Rewards portal
    • Unlimited 3% cash back on dining purchases (including delivery and takeout) and drugstore purchases
    • Unlimited 1% cash back on all other eligible purchases, including bonus rewards category purchases above the $1,500 quarterly spending cap.

    You do have to manually activate your 5% quarterly bonus categories before the middle of the last month of the current quarter (usually the 14th or 15th) to unlock the higher rewards rate.

    If you activate by the deadline, Chase applies cash back retroactively to eligible purchases going back to the beginning of the quarter.

    Redeeming Cash-Back Rewards

    Cash-back rewards earned with the Chase Freedom Flex card accrue as Ultimate Rewards points, Chase’s loyalty currency.

    However, Ultimate Rewards points are generally worth $0.01 apiece at redemption unless transferred to another Chase credit card account that offers higher redemption rates on select redemption options, such as travel.

    In any case, you can redeem Ultimate Rewards points in any amount for a statement credit, bank account deposit, gift card, direct purchases (Shop With Points) with participating merchant partners like Amazon.com, and purchases made through Chase’s Ultimate Rewards shopping portal.

    Once earned, your cash-back rewards won’t expire as long as your account remains open and in good standing.

    Introductory APR

    Enjoy 0% APR on purchases and balance transfers for 15 months from account opening. Thereafter, variable regular APR applies.

    Regular APR

    After the introductory promotion expires, variable regular APR applies. APR is currently 14.99% to 24.74%.

    Important Fees

    This card has no annual fee. Foreign transactions cost a flat 3% of the transaction amount.

    Cellphone Protection

    This benefit provides up to $800 per claim and $1,000 per year in cellphone protection against covered theft or damage to any phone listed on your monthly cellphone bill when you pay that bill with your Freedom Flex card.

    You’re limited to a maximum of two claims in any 12-month period. There’s always a $50 deductible per claim.

    Purchase Protection

    This benefit provides up to 120 days of complimentary protection — against perils such as theft, damage, and loss — for all purchases made in full with your Chase Freedom Flex card.

    The benefit is good up to $500 per covered item and $50,000 total per account.

    Complimentary Rental Car Insurance

    You’re automatically covered for theft and collision expenses in the U.S. and most international markets — subject to policy limits and secondary to your own personal auto insurance — when you decline the rental company’s insurance option and charge the entire rental to your Freedom Flex card.

    Complimentary DoorDash DashPass Subscription

    Activate your DoorDash DashPass subscription by Dec. 31, 2021, to get the first three months from your activation date for free. For the subsequent nine months, you’ll get DashPass for 50% off the full price.

    DashPass benefits include unlimited delivery fee waivers on DoorDash orders over $12.

    Travel Protections

    This card comes with limited travel insurance protections, news 12 rockland county trip interruption insurance and trip cancellation coverage that reimburses up to $1,500 per person and $6,000 per trip for prepaid, nonrefundable passenger fares on trips canceled or cut short due to sickness, severe weather, and certain other covered perils.

    Additional Shopping Benefits

    This card has some Chase-backed and World Elite Mastercard shopping benefits worth noting, including:

    • 5% cash rewards on eligible Boxed purchases for use on future purchases
    • Double VIP+ points for movie tickets purchased with the Fandango app or at Fandango.com
    • Free Shoprunner membership, featuring complimentary two-day shipping and free return shipping at more bremen ga 100 online retailers

    Free Credit Score Report

    You get a free credit score report, updated weekly, with Chase Credit Journey.

    Credit Required

    This card requires very good credit. Some minor blemishes may be acceptable, but major dings that significantly lower your FICO score are likely to disqualify your application.

    Advantages

    1. No Annual Fee. The Chase Freedom Flex card has no annual fee. There’s therefore little downside to keeping it in your wallet, even if it’s not your primary credit card.
    2. 0% Introductory APR on Purchases and Balance Transfers for 15 Months. This card has one of the best 0% APR introductory promotions in the cash-back category: 15 months on all eligible purchases and balance transfers. If you’re planning a big purchase or series of purchases such as a major home improvement project or chase freedom first time credit card, or need to consolidate high-interest credit card debt, look no further.
    3. Excellent Sign-Up Bonus. This card’s double-sign-up bonus is one of the best in the cash-back category: $200 bonus cash when you spend $500 within three months of opening your account, plus 5% cash back on grocery store purchases on up to $12,000 spent in the first year (excluding grocery purchases at Target or Walmart).
    4. 5% Cash Back on Eligible Travel Purchases. You’ll earn 5% cash back on eligible travel purchases made through Chase’s Ultimate Rewards travel portal, powered by the same booking engine used by Expedia.
    5. Expansive 3% Cash-Back Categories. This card’s 3% cash-back categories are impressive: dining at restaurants — including takeout and delivery — and drugstore purchases. Together, these purchases account for a significant chunk of many Americans’ monthly budgets.
    6. Flexible Cash-Back Redemption. You can redeem your rewards pretty chase freedom first time credit card any way you want: for statement credits, direct bank account deposits, gift cards, direct purchases with prefab shipping container homes for sale in north carolina merchants, and merchandise for sale at the Ultimate Rewards portal.
    7. No Minimum to Redeem. You can redeem your accumulated rewards at any time and in any amount. That’s welcome news for cardholders who don’t use Freedom Flex as their primary spending aid.

    Disadvantages

    1. Mediocre Baseline Cash-Back Rate. Freedom Flex’s 1% baseline cash-back rate is not great. For those who spend moderately to heavily in categories other than the 5% and 3% categories, this is sure to result in money left chase freedom first time credit card the table. If you’re seeking a higher baseline earning rate, look to a product like the Citi Double Cash Card, which offers 2% cash back on all eligible purchases when you pay your statement balance in full and on time, or the Chase Freedom Unlimited Card, which earns unlimited 1.5% cash back on most eligible purchases.
    2. Manual Activation Required for 5% Cash Back. Chase requires you to manually activate your 5% rotating bonus categories each quarter by the middle of the last month of the quarter. If you fail to do so, you’ll miss out on any potential bonus cash-back earnings for that quarter. Needless to say, this is an unwelcome addition to what’s no doubt an already busy routine.
    3. Has a Foreign Transaction Fee. Freedom Flex has a 3% foreign transaction fee — a notable drawback for frequent international travelers.

    Final Word

    Chase Freedom Flex℠ takes its place as one of the top cash-back credit cards on the market right now. With an expanded 5% cash-back category, a new 3% cash-back category, and plenty more perks — all for no annual fee — it clearly ups the game for Chase’s rivals.

    Will they respond? It’s reasonable to assume that they will. How those responses look and when they come — those are questions we’ll need to wait a bit longer to answer.

    In the meantime, the door is open for would-be Chase Freedom Flex users, whether they’re new to Chase or familiar with existing favorites like the Chase Freedom Unlimited® and Chase Sapphire Reserve® cards.

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    Источник: https://www.moneycrashers.com/chase-freedom-flex-credit-card-review/

    Earn a cash back bonus of over $200 with the Chase Freedom Flex and Freedom Unlimited cards

    If you’re looking for a way to get a large influx of Ultimate Rewards points, there is great news for Chase members: Both the Chase Freedom Flex℠ and Chase Freedom Unlimited cards offer a high cash bonus chase freedom first time credit card a low spend threshold.

    Currently, both cards are offering a $200 bonus if you spend $500 in the first three months.

    On top of first financial bank texas customer service number, both cards are offering a boosted first-year rewards rate on grocery store purchases: You’ll earn a whopping 5% back on the first $12,000 you spend in this category for your first year (excludes Target and Walmart purchases). Though only temporary, this is one of the highest cash back rates on groceries you can get without paying an annual fee.

    However, since these two cards share the same sign-up bonus, how do you choose which is best for you?

    Which Chase Freedom card is better in the first year?

    That depends largely on your spending habits. While the two cards share certain earning categories, they still have different rewards earning structures.

    The Freedom Unlimited offers a flat rate of 1.5% cash back on purchases outside of bonus categories, and the Freedom Flex card offers 5% cash back in rotating bonus categories that you must activate each quarter (on up to $1,500 in purchases, then 1% cash back).

    Comparing the Chase Freedom Flex and Freedom Unlimited cards

    For many cardholders, the Chase Freedom Flex card should offer greater value, assuming you are able to maximize your spending in its quarterly bonus categories.

    That said, if you’re not able to maximize the Freedom bonus categories, the Freedom Unlimited card might be a better choice thanks to its higher rewards rate on general purchases.

    Chase Freedom Flex/
    Chase Freedom Unlimited
    Rewards rate
    • 5% cash back on rotating bonus categories (up to $1,500 per quarter)
    • 5% cash back on Lyft purchases (through March 2022)
    • 5% cash back on travel purchased through Chase Ultimate Rewards
    • 3% cash back on dining
    • 3% cash back on drugstore purchases
    • 1% cash back on other purchases
    • 5% cash back on Lyft purchases (through March 2022)
    • 5% cash back on travel purchased through Chase Ultimate Rewards
    • 3% cash back on dining
    • 3% cash back on drugstore purchases
    • 1.5% cash back on all other purchases
    Annual fee$0$0
    Introductory offer
    • $200 if you spend $500 in first 3 months
    • 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
    • $200 if you spend $500 in first 3 months
    • 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
    Estimated earnings in first year ($15,900 annual spend)*$666$526

    Along with the value you’ll get from each card’s flat cash bonus and from ongoing spending, you can expect to take home an impressive amount of cash back in your first year if you spend heavily on groceries. If your spending matches that of the average consumer and you make about $4,500 worth of grocery store purchases per year (around what the Bureau of Labor Statistics estimates the average person spends), you’d earn an extra $225 in cash back in your first year.

    Of course, there’s nothing to stop you from applying for both cards and potentially earning both cards’ sign-up bonuses. The Chase Freedom Flex and Freedom Unlimited cards go nicely together – you can use the Chase Freedom Flex card to earn 5% cash back on its quarterly bonus categories and the Chase Freedom Unlimited card to earn 1.5% cash back on everything else. Then, use either card at drug stores and restaurants and on travel purchases in the Ultimate Rewards portal.

    * Estimated first-year earnings are based on our model of the average cardholder’s spending and the assumption that you max out your rotating 5% cash back category each quarter with the Freedom Flex. The cards’ higher rewards rate on your first $12,000 in grocery store purchases in your first year is not considered as part of this calculation.  

    Recent changes to the Chase Freedom cards’ sign-up bonus

    While some rewards cards frequently update their sign-up bonuses, the offers on the Chase Freedom cards are fairly consistent. Recently, however, we have seen increased welcome offers, with both cards adding a higher-than-usual cash back rate on grocery store purchases on top of their familiar $200 flat cash bonus.

    Chase Freedom Flex card recent changes
    Current$200 if you spend $500 in first 3 months, plus 5% cash back on grocery store purchases in first year (on up to $12,000 in spending, not including Target or Walmart purchases)
    Previous$200 if you spend $500 in first 3 months
    Previous$200 if you spend $500 in first 3 months, plus 5% cash back on grocery store purchases in first year (on up to $12,000 in spending, not including Target or Walmart purchases)

     

    Chase Freedom Unlimited card recent changes
    Current$200 if you spend $500 in first 3 months, plus 5% cash back on grocery store purchases in first year (on up to $12,000 in spending, not including Target or Walmart purchases)
    Previous$200 if you spend $500 in first 3 months
    Previous$200 if you spend $500 in first 3 months, plus 5% cash back on grocery store purchases in first year (on up to $12,000 in spending, not including Target or Walmart purchases)
    Previous$150 if you spend $500 in first 3 months

    Who is eligible to apply for the sign-up bonus?

    New cardholders who have not received a sign-up bonus for the same card within the past 24 months are eligible to earn the bonus with the Chase Freedom cards. Of course, you have to qualify for the cards first, which means you’ll need a credit score in the good to excellent range (at least 680).

    Chase doesn’t appear to have a hard limit on how many cards you own, though it may deny your application if you have too large of a credit limit across your other Chase cards. Also, while there chase freedom first time credit card no strict rule on how many Chase cards you can apply for within a certain timeframe, many applicants report a limit of one to two new cards per month.

    Chase has recently cracked down on applicants who have opened several credit cards at once. Though it’s not an official policy, Chase appears to be enforcing a “5/24” rule on new credit card applications. What this means is – if you have opened at least five credit card accounts in the past 24 months with any issuer (not just Chase) – your application will likely be denied. The rule seems to apply to any credit card account that shows up on your credit report, including co-branded store cards and authorized user accounts. (On the plus side, business credit cards that don’t appear on your personal credit report do not affect your chances of being approved.)

    Tip: If the sign-up bonus increases within 90 days after you’ve been approved, you can ask to be matched to the higher offer.

    Best ways to spend 20,000 Ultimate Rewards points

    The Chase Freedom Flex and Chase Freedom Unlimited cards offer a wide array of options for redeeming or transferring your points. You can redeem points as statement credits, as direct deposits into a bank account, for gift cards or travel or to purchase merchandise through Amazon.com or the Chase Pay app.

    As cash back cards, the Chase Freedom cards offer a flat 1 cent value on most redemption options. However, there are a few options that you want to avoid. Our table below shows that Amazon.com and Chase Pay purchases are valued at only 0.8 cents per point:

    Redemption options for Chase Freedom cards

    Redemption optionPoint value (cents)Value of 20,000 points
    Statement credit1$200
    Direct deposit1$200
    Gift cards1$200
    Ultimate Rewards portal travel1$200
    Amazon.com purchases0.8$160
    Chase Pay purchases0.8$160

    You can also transfer points from the Chase Freedom cards to certain Chase Ultimate Rewards cards, such as the Chase Sapphire Preferred Card and Chase Sapphire Reserve cards. As you can see from the table below, transferring your points to one of these cards chase freedom first time credit card allow you to get more value out chase freedom first time credit card your sign-up bonus. You get a 25% to 50% bonus on your points if you redeem for travel through the Chase Ultimate Rewards portal, depending on which card you own.

    Also, both the Sapphire cards allow you to transfer your points at 1:1 value to one of Chase’s many travel partners to get even higher values on your points. For instance, we value Southwest Airlines points at 1.6 cents on average (note the value can vary widely on the ticket that you purchase), which means the 20,000-point bonus can net you $320 of value on average when used for Southwest airfare:

    Redemption options for Chase Sapphire cards

    Redemption optionPoint value (cents)Value of 20,000 points
    Chase Sapphire Reserve – 50% redemption bonus1.5$300
    Chase Sapphire Preferred – 25% redemption bonus1.25$250
    Singapore Airlines transfer2.36$472
    British Airways transfer1.4$280
    Southwest Airlines transfer1.6$320
    JetBlue transfer1.53$306
    United Airlines transfer1.52$304
    World of Hyatt1.43$286
    Air France transfer1$200
    Virgin Atlantic transfer0.8$150
    Marriott Rewards transfer0.8$160
    IHG transfer0.65$130

    An chase freedom first time credit card $500 per year

    In addition to a sign-up bonus, the Chase Freedom cards offer a referral bonus worth up to $500 each year. Chase’s “Refer-a-Friend” program gives Freedom cardholders $100 cash back for each person they refer who is approved for the Freedom card – up to five people per year.

    To take part in the promotion, enter your last name, zip code and last four digits of your credit card on Chase’s Refer-a-Friend page. On the following page, enter the first name and email address of each person you wish to invite. You also have the option to post an invitation link to Facebook or Twitter or refer friends through the Chase app.

    Editorial Disclaimer

    The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the chase freedom first time credit card card issuers. However, we may receive compensation when you click on links to products from our partners.

    Emily Sherman is a senior editor at CreditCards.com, focusing on product news and recommendations. She is also one of the founders of To Her Credit, a biweekly series of financial advice by women, for women. When she's not writing about credit cards, she's putting her own points and miles to use planning her next big vacation.

    Ana Staples is a staff reporter and young credit expert reporter for CreditCards.com and covers product news and credit advice. She loves sharing financial expertise with her reader and believes that the right financial advice at the right time can make a real difference. In her free time, Anastasiia writes romance stories and plans a trip to the French Riviera she'll take one day—when she has enough points, that is.

    Источник: https://www.creditcards.com/credit-card-news/chase-freedom-sign-up-bonus/

    Chase Freedom® Student credit card

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