Chase Freedom Review

Chase Freedom is a cashback credit card issued by Chase Bank. 

Fair credit. This card is designed for people with fair credit. The minimum credit score to apply is 640.

If you're wondering whether Chase Freedom is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a Chase Freedom cash back or rewards program?

Chase Freedom is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Chase Freedom you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 5% for purchases in a bonus category.

This card features rewards for purchases in the following categories:

• Internet, Cable, Phone
• Drug Stores
• Every Purchase
• Gas
• Groceries
• Restaurants

Chase Freedom Rewards

Rewards rate (all purchases)	1%
Max rewards rate	5%
Annual rewards limit	N/A
Signup Bonus ($)	$150
Signup Bonus Spend Requirement	$500

What are the Chase Freedom benefits?

Chase Freedom provides the following benefits:

• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Fraud Liability
• Travel Accident Insurance
• No blackout dates when redeeming miles
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Chase Freedom?

Chase Freedom has a variable purchase APR that ranges from 16.49% up to 25.24%. The card has a variable balance transfer APR that ranges from 16.49% up to 25.24%.

It also has a variable cash advance APR starting at 26.49% .

What are the Chase Freedom fees?

No Annual Fee. Chase Freedom does not charge an annual fee.

3% Foreign transaction fees. Chase Freedom charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

The following fees apply to Chase Freedom:

Chase Freedom Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	3%
Balance Transfer Fee	5%
Minimum Balance Transfer Fee	$5
Returned Payment Fee	$37
Late Payment Fee	$37

Does Chase Freedom report your account activity to credit bureaus?

Chase Freedom reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Chase Freedom

• Visit the Chase Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.