The Chase Freedom is a sought-after cash rewards card with rewards in the range of 1%-5%. You are assured of cash rewards of one percent on all purchases, and this includes purchases made at discount and warehouse stores. If you have got good to excellent credit then you are eligible for this card that does not ever charge you an annual fee.
There are bonus categories that offer cash backs of five percent. These bonus categories are rotated every quarter. For instance, at the time of writing, purchases made from Amazon.com, audible.com, zappos.com and diapers.com were eligible for the big five percent discount. There is a cap of $1,500 on combined purchases in the bonus category. At present, you can avail a further 5% cash back, i.e. a combined 10% cash back on the bonus items. This offer is valid till the 31st of December, 2015.
There is no limit to how much you can earn, and the points do not expire. The rewards are easy to claim. You can do so via statement credits, gift cards, travel reservations, and purchases. Chase Freedom offers a 15-month 0% interest period for new cardholders and also for transfers. It’s an opportunity to finance your purchases or pay off debt without having to pay interests.
An easily achievable target spend of $500 in the first three months earns you a sign-up bonus of $150.
Add a user to the card and get another $25 bonus. Chase Freedom cardholders are covered by Zero Liability Protection for unauthorized transactions made using their credit cards. So, if you lose your card or it is stolen, you won’t be held responsible for the charges that occur. New purchases are covered against theft and damage for a period of 120 days, the maximum claim limit is of $500. Chase Freedom offers an extended warranty on products made by U.S manufacturers; this warranty is in the range of one and three years. Users enjoy cover against collision damage for rental vehicles not only in the U.S, but also abroad. Road Dispatch and Assistance are useful features that are worth the amount charged for them. Under these, you can avail services such as towing, gas, winching, lockout, etc.
Chase Freedom Visa Signature card members enjoy extra benefits such as reimbursement of travel expenses if you cancel a trip. You can be reimbursed an amount of up to $5,000 for expenses that include passenger fares, tours, and hotels. With the Chase Freedom mobile app, you can redeem your rewards from anywhere you are, you can also transact at 30 top online merchants with the app. With the app, you have your cash back balance readily available, and you can easily activate your 5% cash backs every quarter.
Cardholders and immediate family members are insured against loss of luggage by the carrier; this is for an amount of $3,000 per passenger. Using the card for paying transportation fares makes you eligible for death and disability cover of up to $250,000.
If you like the idea of rewards but not the concept of annual fees, then this is a good card for you. The long period of interest-free financing is also a draw for card applicants.