Chase Freedom – How to apply

By Marcos • 12/22/2024

One of the great advantages of card Freedom is the benefit of earning 5% cashback on travel purchases, especially when booking your trips through the platform Chase Travel. 

This benefit is a great way to rack up more rewards while you enjoy your vacation or business trips. 

When using the Chase Ultimate Rewards to book hotels, flights, car rentals and other travel-related expenses, you can maximize your rewards and turn your travel spending into cashback.

Are you still unsure whether it really is the right choice? Explore all the benefits and advantages of this card now.

How does the Chase Credit Card Freedom work?

The card’s main focus is to offer users a cash back rewards system, which earns you a percentage of your spending back. 

The card operates with rotating categories each quarter, allowing you to earn up to 5% cash back on purchases within these categories, up to a certain spending limit. 

For all other purchases, you can earn 1% cash back, which is consistent across all purchases outside of featured categories. 

Additionally, new cardholders often enjoy an attractive bonus offer that gives you extra cash back or points after meeting a minimum spending requirement in the first few months.

Main benefits of Freedom

With the purchase protection, you can rest easy knowing that your purchased items are covered against damage or theft for up to 120 days, with coverage up to $50,000 per account. 

What’s more, the card also offers extended warranty protection, extending the manufacturer’s warranty period, and trip cancellation or interruption insurance.

The card also includes a 24/7 fraud monitoring, which offers additional security by identifying unusual purchases and notifying you immediately, ensuring your account is always protected. 

Another interesting benefit is the Rental Car Collision Damage Waiver, without the need to take out additional insurance from rental companies, saving money during your trips.

In addition to protections, the Freedom card provides easy and flexible rewards redemption. 

You can accumulate cashback on your purchases, redeem points for travel without blackout dates and even choose between gift cards or account credit. 

And for those looking for more rewards, the Freedom Flex offers additional bonus categories, while the Freedom Rise It’s perfect for those just starting to build their credit, with a fixed cashback rate on all purchases. 

Cons of Freedom Credit Card

While the credit card offers a great cashback program, it also has some drawbacks that may not make it suitable for everyone. 

One of the main drawbacks is the quarterly rotating categories, which require users to stay tuned and activate categories every few months. 

Another disadvantage of Freedom card is the relatively low cashback rate for purchases outside of rotating categories. 

While the 1% cashback rate is typical for many credit cards, it doesn’t compare to other cards that offer flat-rate cashback rewards or higher rates in specific categories. 

APR and Fees

A Purchase APR standard for the card varies from 19,24% a 27,24%, depending on your credit capacity. This is in line with many other rewards credit cards on the market, but it can still be high if you carry a balance. 

In addition to the APR for purchases, there is a 5% balance transfer fee ($5 minimum), which is something to keep in mind if you plan to transfer high-interest debt onto your card. 

Although the card has no annual fee, there may be other fees associated with specific activities, such as foreign transactions, which are subject to a 3% fee for purchases made outside the United States. 

How to apply for the Chase Credit Card Freedom

To sign up for Chase credit card Freedom, the first step is to access the official Chase website or visit a physical branch. 

On the website, you will find a section dedicated to credit cards, where you can select the Freedom card to begin the application process. 

The application form will ask for personal information such as your name, address, telephone number, email, as well as financial details such as your annual income and credit history.

A Freedom card is geared toward people with a good credit history, so it’s critical that your credit score is within the required range. 

If your credit score is not high enough, the approval process may be more difficult.

After you submit your application, Chase will review your financial profile and credit history. If approved, you will receive your card within a few business days. 

During the process, keep an eye out for sign-up bonus promotions, which can be a good additional advantage when signing up.