Chase Freedom® Visa - $150 Bonus Cash Back

Chase Freedom® Visa - $150 Bonus Cash Back

Chase Freedom® Visa - $150 Bonus Cash Back

Chase Freedom® Visa - $150 Bonus Cash Back

Chase Freedom® Visa - $150 Bonus Cash Back

Loading

Card details

  • Earn $150 Bonus Cash Back after you make $500 in purchases in your first 3 months

  • 5% Cash Back on up to $1,500 spent on GAS, HOTEL and AIRLINE purchases from 7/1/11 - 9/30/11

  • You'll enjoy new 5% categories every 3 months like grocery stores, dining, department stores and even home improvement stores. It's free and easy to activate your bonus each quarter!

  • Unlimited 1% Cash Back on all other purchases without limits on what you can earn

  • Up to an additional 10% Cash Back when you shop online at select merchants through Chase

  • Cash back rewards never expire.

  • No Annual Fee

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    1.00%

  • Bonus offer

    $150 Cash Back Bonus after spending $500 - in first 3 months

  • Intro APR

    N/A

  • Ongoing APR

    Min APR: 12.74%, Variable

    Max APR: 23.74%, Variable

    Penalty APR: Up to 30.74%, Variable

    Cash Advance APR: 19.99%, Variable

  • Balance transfer fee

    3%

  • Foreign transaction fee

    3%

Recommended credit score

Compare to other cards

Chase Freedom - $150 Cash Back Credit Card

Chase Freedom® Visa - $150 Bonus Cash Back

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn moreLearn more
Annual fee

$0

Annual fee

$99

Annual fee

$199

Regular APR

12.74% - 23.74% Variable

Regular APR

21.24%-29.99%, Variable APR

Rates & Fees

Regular APR

See Terms

Intro APR

N/A

Intro APR

0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 21.24%-29.99%.

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Not sure which card is best for you?

Take a simple quiz to find out

NerdWallet review

By NerdWallet

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Rating details

3.5

Editor's overall rating

Pros and cons

Pros
  • No annual fee

Cons

    The Chase Freedom® Visa - $150 Bonus Cash Back is Chase's answer to the popular "5% cash back" cards, which offer bonus rewards of 5% on special categories that rotate quarterly. The other two contenders are the Discover it® Cash Back and the Citi® Dividend Platinum Select® MasterCard - Limited Time Offer $150 Cash Back.

    All three of these cards tend to have very similar rewards structures, and offer mostly the same bonus categories each quarter. And all three require cardholders to sign up each quarter to earn the additional rewards.

    But where the Chase Freedom® Visa - $150 Bonus Cash Back stands out is that it pays an unlimited 1% base rate on all purchases, and it has the highest cap on bonus rewards - up to $1,500 in spending each quarter.  Meanwhile, the Discover® More® Card only pays a full 1% after you've spent $3,000, and the Citi® Dividend Platinum Select® MasterCard - Limited Time Offer $150 Cash Back caps annual rewards at a total of $300.

    Here is the bonus category calendar for 2011:

    • Jan – Mar: Grocery and drug stores.

    • Apr – Jun: Home improvement, lawn & garden, and home furnishings.

    • Jul – Sep: Gas, hotels, and airlines.

    • Oct – Dec: Dining, department stores, movies, and charity.

    We've often griped about the convoluted 5% rewards structure, and especially about the fact that users have to proactively "opt in" to receive them.  However, Chase allows users to sign up retroactively, and still earn the rewards.  Plus, this new $150 signup bonus makes the offer a lot more appealing.