Chase Freedom Credit Card Review With Pros And Cons – 16 Points

1. Chase freedom is great choice for reward maximizers or just for everyday use with 5 % cash back in bonus categories like grocery store and gas station and with no annual fee.

Pros:



Cons:



No Annual Fee

A foreign transaction fee

5% reward on rotating categories

Manual activation required for 5 % cash back.

Intro apr on purchase and balance transfer

Expensive cash advance

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

Baseline cash back of 1% is lower.

Rewards don’t expire as long as you keep the card

 

Redeem points for cash, travel, merchandise or gift cards

 

No Penalty APR

 

Easily Attainable Sign-up Bonus

 

2. Intro Bonus:

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

3. Reward Rate:

5% cash back on rotating bonus categories that you must activate each quarter (up to $1,500 per quarter)
1% cash back on general purchases

4. Annual Fee:

$0

5. Intro Apr:

0% for 15 months on purchases and balance transfers

6. Regular Apr:

17.24% – 25.99% Variable APR

7. Cash Advance Apr:

27.24%

8. Balance Transfer Fee:

3% during first 60 days
5% min $5 there after

9. Credit Needed:

Excellent/Good

10. Other Features:

Purchase protection
Extended warranty
Auto rental insurance
Roadside assistance
Trip cancellation and interruption insurance
Baggage insurance
Travel accident insurance

11. Foreign Transaction Fee:

3%

12. Chase Freedom® bonus rewards categories for 2019:

Q1 (Jan. 1 – March 31)

• Gas stations
• Tolls
• Drugstores

Q2 (April 1 – June 30)

• Home improvement stores
• Grocery stores

Q3 (July 1 – Sept. 30)

• Gas stations
• Select streaming services

Q4 (Oct. 1 – Dec. 31)

“Holiday” — TBD 
(In 2018: Department stores, wholesale clubs, Chase Pay)

13. Customer Experience:

24/7 customer service?: Yes
Online chat available?: No
Google Play Store mobile app rating: 4.6/5
Apple Store mobile app rating: 4.8/5

14. Go For Chase Freedom Card:

If you spend inline with 5 % bonus categories.
If you don’t mind keeping track and enroll in bonus categories to earn extra cash back.
If you are chase ultimate reward card holder and ready to pair card to boost earning.
If you want to take advantage of 0% intro apr to finance large purchase or transfer balance.

15. This card is not fit for you:

If you do not like rotating categories.
If you travel internationally.
Bonus categories are not inline with your spending.

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