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"Comparisons and secure applications of the best credit card offers online." |
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Additional Details, Terms and Conditions | |
| Category | Reward - Cash |
|---|---|
| Status | Signature |
| Intro Applies To | None |
| APR for Purchases | 14.990 |
| Purchase Rate Type | Variable |
| Minimum APR on Purchases | No |
| APR for Cash Advances | 20.990 |
| Cash Advance Rate Type | Variable |
| Minimum APR on Cash Advances | No |
| Finance Charge Calculation | Average Daily Balance (including new purchases) |
| Annual Fee | $0 |
| Additional Annual Fees | $0 |
| Annual Fee Detail | None |
| Grace Period | 20 Days (Min.) |
| Late Payment Fee | $15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 and over |
| Over Limit Fee | None |
| Cash Advance Fee | 3%, $10 minimum |
| Balance Transfer Fee | 3%, $5 minimum, $99 maximum |
| Minimum Balance Transfer | n/a |
| Maximum Balance Transfer | n/a |
| Type of Reward | Rebate |
| Optional Reward | No |
| Rebate Minimum | 1% |
| Rebate Maximum | 3% |
| Additional Rebates | Earn a 3% rebate on purchases made in the 3 bonus categories where cardholders have spent the most that billing cycle out of 15 bonus categories including: grocery stores, gas stations, quick service restaurants, telecommunications, cable/satellite TV/Internet service providers, video rentals, department stores, dry cleaners, drugstores, movie theatres, local and suburban commuter passenger transportation, pet supply stores and veterinary services, utilities, beauty shops, and gym/recreation memberships. Plus, earn a 1% rebate on all other purchases. |
| Rebate Details | Cardholders are eligible to receive a $50 check once $50 in rewards have been earned or a $250 check once $200 in rewards have been earned. |
| Expiration | None |
| Yearly Limit | None for the standard 1% rebate. (When cardholders reach $600 in monthly spending in the bonus categories, they will only earn the 1% base rebate for each additional $1 of net purchases in these categories.) |
| Bonus Approval | None |
| Bonus First Purchase | $50 Bonus Rebate* |
| Bonus Balance Transfers | None |
| Bonus Annual | None |
| Bonus Other | $50 Bonus Rebate** |
| Bonus Details | *Earn a $50 bonus rebate after the first purchase, balance transfer, or check transaction. **Receive a $50 cash back bonus every time $200 in rewards have been earned. |
| Additional Perks | Various Internet account related services. No liability for unauthorized transactions. Lost and stolen card reporting. Emergency cash replacement. Emergency card replacement. Various travel and emergency assistance services. Travel accident insurance. Extended warranty for purchases. Auto rental insurance (Auto Rental Collision Damage Waiver). Year-end financial statement (upon request). See website for additional benefits. Certain restrictions, limitations, and exclusions apply. If an account is opened, please refer to the Guide to Benefits for details. |
| Notations | See website for complete terms and conditions of card usage and application disclosure. |
| Features / Benefits: | Receive $50 after You Make Your First Purchase |
| 1 | 3% Cash Back in Your Top 3 Everyday Spending Categories |
| 2 | 1% Cash Back for Every $1 You Spend on All Other Purchases |
| 3 | Receive an Extra $50 Each Time You Save and Redeem $200 in Rewards |
| Rating | 2.00 |
| Benefit Rating | 3.00 |
| Best Feature | Access to rewards program for no additional fee; no annual fee; $50 bonus rebate after first purchase. |
| Worst Feature | Yearly limit on bonus rebates. |
| Review | The Chase Freedom(SM) Credit Card, issued by Chase, is designed for those who have excellent credit and plan to take advantage of the cash rewards program. Through the rewards program, cardholders earn a 3% rebate on purchases made in the 3 bonus categories where they have spent the most that billing cycle. There are 15 bonus categories altogether including: grocery stores, gas stations, quick service restaurants, telecommunications, cable/satellite TV/Internet service providers, video rentals, department stores, dry cleaners, drugstores, movie theatres, local and suburban commuter passenger transportation, pet supply stores and veterinary services, utilities, beauty shops, and gym/recreation memberships. Cardholders also earn a 1% rebate on all other purchases. Cardholders are eligible to receive a $50 check once $50 in rewards have been earned or a $250 check once $200 in rewards have been earned, which is a bonus of $50. Cardholders will also receive a $50 bonus rebate after their first purchase, balance transfer, or check transaction. Plus, they have the freedom to switch rewards to earn points instead of cash back. In addition to the rewards program, the card also offers many cardholder benefits provided by Chase, such as travel accident insurance, auto rental insurance, and travel and emergency assistance services. The card has no annual fee and an above average APR for purchases. Therefore, those who plan to take advantage of the cash rewards program will benefit most from what the Chase Freedom(SM) Credit Card has to offer. |
| Date of Data Update | 2008-08-19 00:00:00 |
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