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Chase Freedom Student

The Chase Freedom Student credit card with no annual fee and a flat rewards rate can help students build credit history and develop responsible card habits. Cardholders earn 1% cash back on every purchase, plus bonuses for paying the balance on time.

Cards come with contactless pay and offer zero fraud liability protection, which means you won’t be responsible for unauthorized charges. Chase Freedom Student credit card users also get other benefits, such as purchase protection, extended warranty coverage, and trip cancellation or interruption insurance.

Chase Freedom Student credit card review: This card with no annual fee earns solid marks for its sign-up bonus and simple flat-rate rewards program with incentives for students to graduate to an upgraded card.

Pros

  • $50 bonus offer for new cardholders: You can earn 5,000 bonus points, redeemable for $50 cash back, after making your first card purchase within three months of opening the account.

  • Good Standing rewards: Pocket 2,000 points, redeemable for $20, each account anniversary for the first five years if your account remains open and in good standing.

  • Credit limit increases: You will be eligible for a credit increase after making five monthly on-time payments within 10 months of opening your account.

Cons

  • Foreign transaction fee: The Chase Freedom Student credit card charges a 3% foreign transaction fee whenever you buy something outside of the US

  • No introductory annual percentage rate: Cardholders pay an APR of 17.99% Variable,

  • Fixed rewards rate: You won’t have a chance to earn extra rewards with rotating bonus categories, which some student credit cards offer.

How to Maximize Rewards With the Chase Freedom Student credit card

Earning rewards is easy with the Chase Freedom Student credit card. This card offers 1% cash back on all purchases and pays out rewards in points worth 1 cent for each dollar you spend.

Cardholders are eligible for a 2,000-point Good Standing reward worth $20 after each account anniversary for the first five years by keeping the account open and not in default. You may also be able to earn bonus points by using the Shop Through Chase Portal or special promotions.

Redeem points for cash, gift cards, Amazon.com purchases and travel through the Chase Ultimate Rewards program. Redemption values ​​for these options vary, according to the issuer. For example, you can shop with points at Amazon, but 100 points at checkout are worth 80 cents instead of $1.

You can move points to a higher-earning card belonging to you or someone in your household if it is another Chase card that earns Ultimate Rewards points. Go to chase.com/ultimaterewards, call the number on the back of your card or visit a Chase branch for help transferring your points.

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