RSS
help
Categories: Cash Back Cards
Chase Freedom SM Credit Card
Key points:
- • 3% Cash Back in your top 3 everyday spending categories
(15 Categories earn triple rewards at the types of places you
spend the most)* - • 1% cash back for every $1 you spend on all other purchases
- • Receive $50 after you make your first purchase**
- • Receive an extra $50 each time you save and redeem $200 in rewards
- • No annual fee
- This version of the card has been discontinued
Fine print you should know:
- * You earn 3% cash back for the first 600 dollars in the top 3 categories per month. For any amount over 600 dollars, you earn the standard 1% for each dollar spent.
- **You will receive $50 in bonus rebates. Please allow 6 to 8 weeks after your first purchase for bonus rebates to post to your account. First purchase includes purchases, balance transfers, or any checks that are used to access your account. To qualify for bonus rebates, account must be open and not in default at the time of fulfillment. The bonus offer is valid only for first time cardmembers with new accounts. Only one bonus per account. Existing cardmembers/accounts are not eligible for the bonus offer.
- Rewards expire in 36 months from aniversary date.
You earn 3% cash back automatically on purchases in the 3 everyday categories where you spend the most each month.* There are 15 categories in all. Your spending habits may change from month to month — the triple rewards you earn for them will stay the same. You also earn 1% cash back per dollar on all other purchases. Here are the categories:
• Gas Stations & Convenience Stores
• Grocery Stores
• Quick Service & Fast Food Restaurants
• Utilities (Gas, Electric, etc.)
• Drugstores
• Cable/Satellite TV & Internet Providers
• Department Stores
• Pet Stores & Veterinarian
• Phone/Cell Phone Bills
• Movie Theatres
• Gym Memberships
• Beauty Salons & Spas
• Movie Rentals
• Dry Cleaners
• Local Commuting
MoneyAnswerTree Review:
This is a great card to save money on every purchase. I use this card instead of cash. If you are able to control your spending and pay off your balances each month, this is the card to get. When paying your balance in full each month, this card simply pays you to use it. I have had this card for 6 months now and have earned over 50 dollars in rewards. I have paid my statement balance in full every month and have not had to pay any fees. An added bonus of this card is if you save up $200 dollars in rewards you get a check for $250. That is a 25% gain on your money. That’s better than putting your rewards back into a high Yield MMA. The downside to these great benefits, the card usually has a high interest rate to start out. If you can’t pay your balances off in full, you will be hit hard with an interest rate of over 20%.
Technical Review
As with all Chase cards, they offer a great online interface to manage your accounts and pay your bills easily. They have a guarantee: If you pay it online it’s paid on time. Chase has an automated email that is sent to you telling you your next statement is ready. Once I receive this email I set up a payment for my posting date. It will automatically transfer money from my checking account to Chase on my Bills due date. I have not had a problem yet.
Popularity: 36% [?]
See Also:
Digg
Reddit
I see that you have not yet registered. Why not? It's free. Plus when you sign up you are allowed to post questions and receive feedback and answers. Thanks for reading anyway. Come back soon!
