Chase Freedom®

Chase Freedom®

on Chase's website

Chase Freedom®

Chase Freedom®

Chase Freedom®

on Chase's website

Card details

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening

  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!

  • Unlimited 1% cash back on all other purchases - it's automatic

  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49 - 25.24%.

  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.

  • No annual fee

  • Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.

  • Free credit score, updated weekly with Credit Journey℠

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    1%-5%

  • Bonus offer

    Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening

  • Intro APR

    0% on Purchases and Balance Transfers for 15 months

  • Ongoing APR

    APR: 16.49% - 25.24% Variable APR

    Cash Advance APR: 26.49%, Variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    3% of each transaction in U.S. dollars

Recommended credit score

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NerdWallet review

By Erin El Issa

Rating details

3.9

Editor's overall rating

Pros and cons

Pros

  • No annual fee

  • 5% rewards on rotating categories

  • Access to Chase’s Ultimate Rewards site to earn more cash back

Cons

  • If you value simplicity, a flat rate cash back card may be better

  • A foreign transaction fee

The Chase Freedom® rewards cardholders with 5% cash back in rotating quarterly categories, on up to $1,500 in spending per quarter. All other purchases earn 1% cash back. To receive the 5% rewards, you have to opt in to the bonus categories each quarter. 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, Sept. 14 and Dec. 14).

Want more rewards? The Chase Freedom® has a signup bonus: Earn a $150 Bonus after you spend $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% APR for 15 months on purchases and balance transfers, and then the ongoing APR of 16.49% - 25.24% Variable APR.

For more information, check out our full review of the Chase Freedom®.