0% on purchases and balance transfers for 15 months
Disclaimer: Any editorial content is not provided or commissioned by Chase Bank USA, N.A. Opinions expressed here are author's alone, not those of Chase Bank USA, N.A, and have not been reviewed, approved or otherwise endorsed by Chase Bank USA, N.A. "Sponsored" above means this site may be compensated through the Chase Bank USA, N.A Affiliate Program.
Author: Erin El Issa The Chase Freedom® rewards cardholders with 5% cash back on rotating quarterly categories. For 2015, these categories are as follows:
Q1 (January - March): Grocery stores, movie theaters and Starbucks stores
Q2 (April - June): Restaurants and more (in 2014, Lowe’s home improvement stores)
Q3 (July - September): Gas stations and more (in 2014, Kohl’s)
Q4 (October - December): Amazon.com and more (in 2014, Zappos.com and select department stores)
The 5% rewards are capped at $1,500 in spending per quarter. Any bonus category purchases above this amount will be rewarded at the standard rate of 1%. To receive the 5% rewards, you'll have to opt in on a quarterly basis. But don't panic if you forget to do it at the start of a quarter -- you'll receive retroactive rewards as long as you opt in by the 14th day of the third month of the quarter (March 14, June 14, September 14 and December 14).
Want more rewards? The Chase Freedom® has a signup bonus: Get a $100 Bonus after spending $500 on purchases in your first 3 months from account opening. There's also a $25 cash bonus if you add an authorized user and make a purchase in the first three months.
If you need some time to pay off a large purchase or you want interest relief while paying down current debt, the Chase Freedom® has an introductory APR of 0% on purchases and balance transfers for 15 months, and then the ongoing APR of 13.99% - 22.99% (Variable). Nerd tip: If you're planning on transferring a balance, keep in mind that there is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
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