Chase Freedom Credit Card Review

Start earning points for travel while adding a foundation card for your credit history to your wallet. The Chase Freedom has a $0 annual fee, and you can earn 5% cash back each quarter you activate.

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Chase Freedom

Overview

  • Key features
  • Review
  • Who should get the Chase Freedom
  • Current bonus categories
  • Optimal strategy
  • Compare

Key features

  • Annual fee: $0
  • Sign-up bonus: $150 after $500 in spend within the first 90 days of account opening
  • Spending Multipliers:
    • Earn 5% cash back on rotating categories each quarter you activate, up to $1,500 in combined purchases
    • Earn 1% cash back on all other purchases
  • Foreign transaction fees: 3%

Review: Is the Chase Freedom Worth It?

The Chase Freedom earns 5% cash back on rotating select categories each quarter you activate. The main benefit of the rotating categories is that they tend to be everyday expenses like gas stations, grocery stores, and dining.

Even though the points earned on the Chase Freedom are advertised as cash back, you actually earn Ultimate Rewards.

Ultimate Rewards points earned on the Chase Freedom card can be transferred to the Chase Sapphire Preferred, Chase Sapphire Reserve, or Chase Ink Preferred card for higher travel redemption.

Optimal Strategy

The Chase Freedom card compliments the Chase Sapphire cards because you can pool Ultimate Reward points together..

The optimal strategy is to transfer the UR points to the Chase Sapphire Preferred or the Chase Sapphire Reserve and redeem for travel. 

The Chase Freedom is good for...

Current Bonus Categories

Chase Freedom 5% Cash Back Categories
Q1 2018
January - March
- Gas stations
- Internet/cable/phone services
- Chase Pay
- Google Pay
- Apple Pay
- Samsung Pay
Q2 2018
April - June
- Grocery stores (not including Walmart and Target)
- PayPal
- Chase Pay
Q3 2018
July - September
- Gas stations
- Lyft
- Walgreens
Q3 2018
October - December
To be announced


Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities. 

UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.”