Chase Freedom® - $100 Bonus

Chase Freedom® - $100 Bonus Review: Credit Cards

Credit Card
 
Apply for a Chase Freedom® - $100 Bonus card
Rating:
Bottom Line:
Excellent combination of cash back rewards and 0% intro APR; $100 bonus opportunity
Full Review:
5 2015-06-25 08:14:23 Chase Freedom® offers an attractive combination of an unlimited cash back card - with a $100 bonus after spending $500 in the first 3 months - and a 15-month 0% introductory APR for purchases and balance transfers. The ongoing variable APRs of 13.99% to 22.99%, depending on creditworthiness, are quite reasonable too.

You will earn 5% cash back in categories that rotate quarterly and 1% back on everything else. Although you do need to sign up each quarter to receive the 5% back, Chase offers a cool reminder feature that will text or email you each quarter. You can also choose to receive quarterly reminders that will appear in your online calendar (Outlook, iCal, Google and Yahoo are covered).

You can redeem your cash back rewards for a statement credit or have them deposited directly to your bank account. If you'd prefer non-cash rewards, you can redeem them for a wide selection of gift certificates or at Amazon.com. Your rewards will transfer to Amazon.com in a 1:1 ratio, so $1 in rewards will equal $1 at Amazon, and you can use them to pay for all or part of your purchase.

The lengthy 15-month 0% intro APR on purchases and balance transfers can save you a fair amount in interest fees, particularly if you typically carry a balance. There is a 3% balance transfer fee, but it can be worth it depending upon how much you're planning on transferring and what your current interest rate is. If you're not sure, see our free Balance Transfer Calculator, which will do all the math for you and let you know what card is best for your situation.

Chase Freedom® is a good choice for anyone who wants a terrific cash-back card that offers both quick ($100 intro bonus) and long term cash back rewards. And if you plan to carry a balance, you can take advantage of the 15-month 0% intro on balance transfers and purchases to save money on interest fees.

Highlights
  • Named a Best Card for Cash Back by MONEY® Magazine
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period.
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%.
  • Unlimited 1% Cash Back on every purchase.
  • 5% Cash Back on up to $1,500 in combined purchases in bonus categories each quarter.
  • You'll enjoy new 5% categories every 3 months like Gas stations, Restaurants and Amazon.com. It's free and easy to activate your bonus each quarter!
  • No annual fee and rewards never expire as long as your account is open.

Rewards
  • Rewards do not expire.
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period.
  • Earn 1% unlimited cash back on all purchases, and 5% cash back (up to $1,500) within certain bonus categories, which rotate on a quarterly basis.

Redeem Rewards
  • Rebates can be redeemed for cash, as well as travel, gift cards or statement credits.

Fees and APR
  • No annual fee.
  • 0% Intro APR: 0% Intro APR for 15 months on purchase and balance transfers.
  • Purchase APR: 13.99% - 22.99% Variable, depending on creditworthiness.
  • Balance Transfer Fee: Balance transfer fee is $5, or 3% of the amount of each transfer, whichever is greater.


Apply for a Chase Freedom® - $100 Bonus card

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.


 
Card Details:

Purchase APR:0% for the first 15 months,
then 13.99% - 22.99% Variable
Features:$100 bonus after spending $500 in first 3 months; 5% cash back in rotating spending categories (up to $1,500 per quarter), 1% on all other purchases
Annual Fee:None
Credit Needed:Good

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