New Chase Freedom Rise Card Builds Credit While Earning Rewards

Craig Joseph
By Craig Joseph 
Edited by Erin Hurd

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Building credit can be daunting for those just starting out, but the new Chase Freedom Rise℠ credit card can help ease that process — and make it more rewarding, too.

The latest addition to the Chase Freedom line of credit cards, the Freedom Rise is designed for new-to-credit consumers looking to start building their credit profile. The new card offers:

  • 1.5% cash back on every purchase, with no maximum.

  • $0 annual fee.

  • $25 statement credit when you enroll in automatic payments within the first three months of account opening.

Although online applications are available on its site, Chase says it prefers Freedom Rise applicants to visit a branch to speak with a banker and learn about educational tools that can help improve their financial health. Applicants can increase their chances of approval by having or opening a Chase checking account with a minimum balance of $250 within two days of submitting an application. Once approved, there is no minimum balance requirement, according to Chase.

The card also offers access to credit development resources and Chase Credit Journey, which allows users to track their credit score as it grows.

🤓Nerdy Tip

Though it's touted as a cash-back card, rewards earned come in the form of Chase Ultimate Rewards® points. Points are worth 1 cent each when redeemed as cash back.

Does the card rise to the occasion?

The Chase Freedom Rise joins a relatively short list of cards that don’t charge exorbitant fees and are available for people with no credit history. The 1.5% cash back earnings on all purchases are also solid for a credit-builder card.

You can be evaluated for a credit line increase in as soon as six months. If you're using your card responsibly, having a larger credit limit can help your credit score.

Since the card is part of the Chase Ultimate Rewards® program, you can eventually choose to upgrade to a more lucrative Ultimate Rewards® earning card once you build a credit profile. This will help buoy your credit score by allowing you to keep the same account age on your credit report while avoiding the hard inquiry that comes with opening a new card.

Chase Cards from our Partners
Chase Freedom Unlimited Credit Card

on Chase's website

Chase Freedom Unlimited®
NerdWallet Rating
Rewards rate


Enjoy 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; and 1.5% cash back on all other purchases.


Intro offer

Unlimited Matched Cash Back

Unlimited Matched Cash Back. Chase will automatically match all the cash back you earned at the end of your first year! There is no limit to how much cash back you can earn.

Chase Sapphire Preferred Credit Card

on Chase's website

Chase Sapphire Preferred® Card
NerdWallet Rating
Rewards rate


Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.


Intro offer


Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.

Chase Freedom Flex

on Chase's website

Chase Freedom Flex℠
NerdWallet Rating
Rewards rate


Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Earn 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.


Intro offer


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

See more Chase cards

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