If you’re searching for a credit card that offers both rewards and the opportunity to build credit, the Chase Freedom Rise Credit Card is an excellent option.
There are lots of options available in the market to Boost your Credit Scores Fast. if you are one of them to improve your credit history while earning rewards, I suggest you apply for Chase Freedom Rise Credit Card.
Chase Freedom Rise® Credit Card
| Chase Freedom Rise® Credit Card | Cash Back Rewards & Benefits |
| Cash Back and Rewards | 1.5%cash back on all purchases |
| Statement Credit for Sign-up bonus | You will qualify to earn $25 statement credit if you set up automatic payments during the first 3 months from account opening. |
| Card type | Credit Builder Card, Best credit card for beginners |
| Annual Fee | $ 0 |
| Interest Rate (APR) | 26.99% variable APR |
| Foreign Transaction Fee | 3% of the amount of each transaction in U.S. dollars |
| Balance transfer fee | $5 or 5% of the amount of each transfer, whichever is Higher |
| Cash Advance Fee | Either $10 or 5% of the amount of each transaction, whichever is Higher. |
Is the Chase Freedom Rise® Credit Card a good choice for you?
Yes, Of course.
Let’s check why the Chase Freedom Rise Credit Card is the Best credit card for beginners.
- You’re new to using a credit card and have a bank account with Chase.
- You want to earn cash-back rewards for your purchases.
- You don’t want to pay a yearly fee for the credit card.
The Chase Freedom Rise Credit Card is like a stepping stone towards financial independence. Use it responsibly to build a strong credit history.
Best Credit Card for Students
The Chase Freedom Rise Credit Card is one of the best beginner credit cards for students and anyone with no credit or limited credit.
Key Benefits of Chase Freedom Rise for Students
- Cash Back Rewards: Earn 1.5% cash back on all purchases, making it a great way to earn rewards on your everyday spending.
- No Annual Fee: This card comes with no annual fee, making it affordable for students on a budget.
- Introductory Offer: New cardholders may be eligible for a one-time $25 statement credit for enrolling in automatic payments.
- Perks and Benefits: You can Enjoy three months of complimentary DoorDash DashPass and Instacart memberships.
Credit Score Requirements for applying for the Chase Freedom Rise Credit Card are more stringent than those of many low-interest credit cards. However, if you open a Chase bank account, your chances of being approved will increase.
Is the Chase Freedom Rise Right for You?
The Freedom Rise is an excellent choice for students who are new to credit cards and looking for a simple and rewarding option. Its cash-back rewards, no annual fee, and introductory offer make it a compelling choice.
However, it’s important to consider your individual needs and compare them to other student credit cards to find the best fit for you.
Tips for Using the Chase Freedom Rise Credit Card
If you sign up for autopay, you’ll get a $25 credit on your statement. More importantly, it helps you pay your bills on time every month, so your history of on-time payments can help improve your credit score.
You can also use the card’s free credit score access with Chase Credit Journey to track your credit score and see how you’re progressing toward better credit.
As you build credit, you’ll earn 1.5% cash back on all purchases, making it a good card for everyday spending, as long as you can pay it off monthly.
With no annual fee and a high cash-back rate, it’s a card you can keep in your wallet for the long term and is ideal for maintaining a long credit history.
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Chase Freedom Rise® Credit Card: Pros and Cons
| Details | Pros | Cons |
| Cash Back | Unlimited 1.5% cash back on every purchase | No bonus categories (except for Lyft) |
| Annual Fee | $0 annual fee | High APR |
| Travel Benefits | Trip cancellation/interruption coverage | Foreign transaction fee of 3% of the amount of each transaction in U.S. dollars |
| Lyft Rides | 5% back on Lyft rides through March 31, 2025 | May not be eligible for balance transfers |
| Financing | A foreign transaction fee of 3% of the amount of each transaction in U.S. dollars | Increased odds of approval for depositing money in a Chase checking account, which requires an extra step that may or may not help you get the card |
Chase Freedom Rise Highlights
- Boost your chances of approval: If you have a Chase checking or savings account with a minimum balance of $250, you will have a better chance of being granted access to the Chase Freedom Rise Card.
- Earn Cash Back: You may begin establishing credit and receive 1.5% cash back on all your Chase Freedom Rise Card transactions. As long as your account is open, cash-back earnings are cumulative and have no minimum amount required for redemption.
- $25 statement credit: Within the first three months of starting your account, enroll in automated payments for a $25 statement credit. Simply select a date and monetary amount for automated payments to guarantee that your credit card is paid on schedule.
- Credit Limit Increase: In as little as six months, you, as a Chase cardholder, will be assessed for a credit line increase. The maximum amount you can spend with your Freedom RiseTM Card is determined on your credit line.
- No Cost Credit Report: Use Chase Credit Journey to monitor your credit score and discover how to raise it.
- No Annual Fee: Your Freedom RiseTM card comes with a ton of amazing benefits that you can use without having to pay an annual fee.
- FDIC Members
- Recommended Credit within the range of 660 to 850.
Bottom Line
The Chase Freedom Rise is a great option for anyone looking to build or rebuild their credit. It’s got a simple rewards system, no annual fee, and features that encourage responsible credit use. On the downside, it’s not the best option for international travelers due to the foreign transaction fees, and the APR can be high if you carry a balance.
If you’re just starting out on your credit journey and want a card that offers rewards while helping you improve your credit score, the Chase Freedom Rise is definitely worth considering.
Frequently Asked Questions (FAQs Chase Freedom Rise® Credit Card)
You generally need a credit score between 580-670 to qualify, but other factors like income and existing debt can also play a role.
Yes, you can earn a $25 bonus for making on-time payments in your first three months.
Yes! By making your payments on time and keeping your balance low, you’ll be able to improve your credit score over time.
There are no limits to the amount of cashback you can earn with this card.
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