Chase Freedom Rise Credit Card Overview

The Chase Freedom Rise credit card is an excellent choice for those new to credit or looking to build their credit profile.

With no annual fee and straightforward rewards, it’s a practical option for beginners.

Benefits of the Chase Freedom Rise

• 1.5% Cash Back on All Purchases: Enjoy unlimited 1.5% cash back on every purchase you make. This straightforward rewards structure makes it easy to earn cash back on everyday spending.
• No Annual Fee: There’s no annual fee, which means you can enjoy all the card’s benefits without any extra costs.
• Trip Cancellation/Interruption Coverage: Protect your travel plans with built-in trip cancellation and interruption insurance.
• 5% Back on Lyft Rides: Earn 5% cash back on Lyft rides through March 31, 2025.
• Low-Cost Financing: Benefit from low-cost financing on purchases over $100 with Chase Pay Over Time℠.

Considerations

• High APR: The card comes with a relatively high variable APR of 26.99%, which can lead to costly interest charges if you carry a balance.
• Foreign Transaction Fee: There is a 3% fee on transactions made in foreign currencies.
• Limited Bonus Categories: Apart from Lyft rides, there are no additional bonus categories for earning higher cash back rates.

How to Apply and Increase Approval Odds

• Chase Account Holders: Having a Chase checking or savings account with a balance of at least $250 can improve your chances of approval.
• Easy Application Process: You can apply for the Chase Freedom Rise card online or by visiting a Chase branch.

Card Features

• Automatic Payments: Set up automatic payments and earn a $25 statement credit within the first three months of opening your account. This helps ensure your credit card bill is paid on time.
• Credit Limit Increase: Your credit line may be increased after as little as six months of responsible use.
• Free Credit Score Tracking: Keep an eye on your credit score and learn how to improve it with Chase Credit Journey.

The Chase Freedom Rise credit card is an ideal entry-level card for those starting their credit journey. With its simple cash back rewards, no annual fee, and tools to help build your credit, it’s a great option to consider.

For those who already have a Chase checking or savings account, the chances of approval are even higher, making it a smart choice for new cardholders.

Daniel 3 de June de 2024