Chase deals in home loans, student loans, checking accounts, investments and just about any other financial transaction that takes place. The Chase Freedom card is their offering in the credit card arena. The Chase Freedom card is available as both a MasterCard and Visa. The Chase Freedom card offers a strong introductory rate, rewards incentives and a reasonable, if not great, standard APR. For consumers looking to rack up cash back rewards on with the backing and security of a sturdy bank, the Chase Freedom card is a sound choice.
Applicants with strong credit can expect to get APR rates as low as 11.99% on the Chase Freedom card. While we would expect a slightly better rate for clients in good credit standing, the inflated interest rate shouldn’t be a large concern for those aiming to maximize the cash back benefits of the Chase Freedom card.
The higher interest rate on the Chase Freedom card is offset by Chase’s six month, zero percent, introductory APR. With the option to transfer outstanding balances from other cards, the Chase Freedom card represents a good opportunity to upgrade from old cards with high interest rates.
Chase Freedom cardholders have access to all the amenities we expect from a major financial institution. Online banking, zero liability fraud protection, informative FAQs and budgeting resources are available to Chase Freedom cardholders. We appreciate the added service of customizable email alerts that allow you to track your spending, monitor your balance and view your transaction history.
In the event that you lose your card or it is damaged, Chase can arrange to have an emergency replacement issued or overnight a card to you. Reporting a lost card to have it cancelled and reissued is a painless and efficient process as well.
The only strong incentive to choose the Chase Freedom card over its competitors concern its cash back rewards incentive. To start, Chase offers an instant $50 reward to first time Chase Freedom cardholders. After they issue $50 just for signing up, Chase pays out 1% on all purchases made with the Chase Freedom card. In addition to the 1% cash back bonus, selected retailers and business will earn you 10% cash back.
Despite the benefits of the cash back rewards program, Chase does not charge Chase Freedom cardholders an annual fee. Late fees, it should be noted, are a different matter entirely. In the case of a failure to meet the minimum monthly payment, Chase charges a late fee of up to $39 and applies a default APR of up to 29.99%. Exceeding your credit limit on the Chase Freedom card will incur a $39 fee.
Chase provides Freedom cardholders with a large database of resources addressing everything from online security to good spending habits. Chase also has representatives on hand twenty-four hours a day for emergencies. Customer support is available via email as well.
The Chase Freedom card doesn’t offer the same low interest rates some of its competitors do. That being said, their 0% introductory offer, low cash advance APR and cash back rewards program make up for the difference. We can recommend Chase Freedom card to our readers.
But as we all know, generic credit cards are only a small portion of the credit card world. Check out the reviews for some of our other Credit Card sites. If you have excellent, or near excellent credit, you might want to consider a rewards card, which offers benefits just for using your card, no strings attached. A business credit card offers benefits more suited to the business world such as hotel, flight and restaurant rewards. Students can get one of the popular Student Credit Cards to begin learning about credit. For those who may not have the best credit score, we also have sites for Credit Cards for Bad Credit and Prepaid Credit Cards.
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