Chase Freedom

Est Annual Rewards, Net
$233
of Cash
 Chase Freedom Credit Card
Reward RateReward DetailsAnnual Fee & PromosAPR, variableIntro APR Promotions
1.00%
  1. Earn 1% on purchases
  1. 3% Cash Back offers quarterly, up to 10% Cash Back online with Chase Rewards Plus
 Fee:$0
Promo: 50 Cash Bonus 		Min Apr: 12.99%
Max Apr:22.99%
Default: 29.99%
Cash Adv: 19.24% 		Purchase:0% for 6 mos.
Transfer:0% for 12 mos.
Card Details
  • 3% bonus cash back offers in popular, rotating categories like gas, home improvement and department stores
  • Full 1% Cash Back on everything else - no spending tiers or caps on how much you can earn
  • Up to an additional 20% cash back at select merchants when you shop online through Chase
  • 0% Intro APR and No Annual Fee
  • *See Card Terms & Conditions
Finance Charge Calculator
Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.
Finance Charge, Balance Transfer*
TypeInterest
Balance Transfer Fee, 5.0%$500
Promo APR, First 12 months$0
APR, 24 months$3,096
Total$3,596
* calculations assume a balance transfer of $10,000 over 3 years.

Effective Annual Rate for Balance Transfers of 10.8% includes transfer fees and APR promotions. EAR>APR because APR is compounded monthly while EAR is compounded annually.

Effective Annual Rate, Purchases
Promo EAR, 6 months0.00%
Ongoing EAR, 30 months13.79%
Total EAR, 36 months11.37%
APR Rankings
APR 12.99% ranks # 84 out of 313 cards. Average is 13.66%.
Balance Transfer Fee 5% ranks # 298 out of 305 cards. Average is 3%.
Cash Advance APR 19.24% ranks # 24 out of 304 cards. Average is 22.19%.

Rewards Rankings
Annual Fee $0 ranks # 1 out of 322 cards. Average is $19.
Base Reward Rate 1% ranks # 24 out of 248 cards. Average is 0.95%.
Effective Reward Rate 1% ranks # 60 out of 248 cards. Average is 1.04%.
Sign-up Bonus $50 ranks # 57 out of 317 cards. Average is $35.

Rewards Type: Cash
Signing Promotion
($50)/3 yrs 		$17
Estimated Annual Rewards
$21,600 * 1.00% 		$216
Annual Fee, 3 yr avg
 $0
Annual Rewards (Rewards less Fees) $233

NerdWallet's Review

Freedom offers 3% cash back on revolving categories. NerdWallet does not appreciate deceptive rewards practices. We’ve heard of several instances where Freedom users were forced to switch to a 1.1% rewards card after utilizing the 3% cash back feature extensively.

One Response to “Chase Freedom”

  1. Tina says:
    January 29, 2010 at 8:14 am

    This happened to me! A lot of purchases I made at restaurants in Manhattan, as well as on various Airline tickets were mis-categorized and I got jipped out of my rewards.

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