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.