The Chase Freedom credit card offers benefits that include cash-back programs, cash bonuses, and a 0 percent interest rate on purchases and balance transfers for the first 15 months of the credit term, says Chase. After the introductory interest rate period, Chase charges interest rates between 13.99 and 22.99 percent.
With the Chase Freedom credit card, cardholders can earn cash back in two ways. First, every purchase made with the card accumulates a 1 percent cash-back reward. Unlike many cash-back programs, this one never expires. Cardholders continue to accumulate cash-back rewards for as long as they use the card. The second cash-back program earns a higher level of reward: 5 percent. Every three months, cardholders earn 5 percent cash back by spending in a certain category. Chase publishes the categories ahead of time on its website, allowing cardholders to plan big expenditures and earn maximum rewards.
Cash bonuses are also available in two ways. Cardholders who spend $500 or more in the first three months earn a $100 cash bonus. If a cardholder adds an additional user to the card and uses the card within the first three months, the cardholder earns an extra $25 cash bonus. Chase charges no annual fee for the Chase Freedom credit card.