Chase Freedom Review

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

• Revolving rewards categories: You'll earn 5% cash back each quarter on up to $1,500 in combined purchases in that quarter's bonus categories. These categories include grocery stores, gas stations, and department stores.
• Generous reward rate. You will get a cashback rewards rate of up to 5%.
• Earn 5% cash back on everyday purchases. This is higher than the average reward rate (1% cash back) for everyday purchases.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 15 months.
• Signup bonus. Offers a signup bonus of $200 if you spend $500 within 3 months.
• Competitive APRs. Chase Freedom has a variable purchase APR that ranges from 14.99% up to 23.74%.
• No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. Chase Freedom charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Gas rewards. Earn up to 5% for every $1 you spend on gas.
• Multiple credit card benefits. Includes generous credit card perks, such as purchase protection, and fraud protection.
• Fair or better credit required. You stand a chance of qualifying if your credit score is not below 640.