Chase Freedom® MasterCard

  • Earn $100 Bonus Cash Back after you make $500 in purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months on purchases and balance transfers
  • 5% Cash Back on up to $1,500 spent between Apr 1 and Jun 30, 2013 at restaurants, movie theaters, and Lowe's®
  • You'll enjoy new 5% categories every 3 months like gas stations, restaurants and Amazon.com. It's free and easy to activate your bonus each quarter!
  • Unlimited 1% Cash Back on all other purchases
  • No annual fee and rewards never expire
700 Average Credit Score Approved for this Card
654 Lowest Credit Score Approved for this Card
Purchase Intro APR Purchase Regular APR Balance Transfer Intro APR Balance Transfer Regular APR
15 Months   15 Months  

0%

 

12.99% – 22.99%*

Variable

0%

 

12.99% – 22.99%*

Variable

* See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Take Offer" button, you can review the credit card terms and conditions on the provider's website.

Offer Details:

Cash Advance Rate

19.24% – 23.24%

Annual Fee

$0

Late Fee

Up to $35

Cash Advance Fee

3%, Min: $10

Balance Transfer Fee

3%, Min: $5

Saving Details

Year 1

Year 2

Year 3

Balance Transfer Cost

‑$527

$0

$0

Interest Savings on Transferred Balance

$4,051

$2,404

$1,317

Interest Savings on New Purchases

$1,676

$2,633

$4,570

Value of Rewards on New Purchases

$538

$538

$538

Value of Bonus Points

$100

$0

$0

Annual & Application Fees

$0

$0

$0

 
Savings:
Total Annual Savings

$5,839

$5,575

$6,425

Total Savings over 3 Years

$17,839

Credit Card Usage Profile

Transfer a Balance

  • Balance to Transfer: $2,500
  • Monthly Paydown: $600
  • APR: 21.99%

Earn Rewards

  • $1,000 Monthly Spending
  • $45 Gas
  • $75 Groceries
  • $20 Travel
  • $50 Restaurants
  • $50 Entertainment
  • $760 Other

Establish or Build My Credit

Card Details
  • Annual Fee: $0
  • Minimum Deposit: $0

Finance a Large Purchase

  • Initial Purchase Amount: $3,000
  • Monthly Paydown: $60
How We Calculated Your Savings

Credit Karma uses details about your credit card usage and data we have on current credit card offers to calculate how you might save money. These calculations are for illustration purposes only.

Savings are based on Credit Karma calculations and are not endorsed or commissioned by any advertisers. These calculations are for illustration purposes only. If bonus is included in savings estimate, it is assumed offer qualifications are met.

1. $100 after $500 spend in 3 months.

Compare Holders of this Card
Credit Score
Credit Limit
Current Balance
Credit Limit Utilized
60+ Days Past Due Status
Age of Cardholder
Sample Size: 4,207
Data Created: October 01, 2013

83 Cardholder Reviews

The following information and reviews are brought to you by Credit Karma and/or its users. Banks, issuers, and credit card companies do not endorse or guarantee, and are not responsible for this content.

Most Recent Reviews

Decent credit card

After a few banking acquisitions I've wound up with two Chase Freedom MasterCard cards.
These are a nice No-Fee credit card, the 1% cash back on everything is a nice feature, and the 5% bonus categories are occasionally a good opportunity to get some money back as well.

Caveats:

  • The interest rates are on the high side.

    If you use your cards the way I do (paying the balance in full every month) it's not an issue.

     

  • Beware the minimum interest charge

    If you do like I do and pay your bill in two chunks online to match up with your paychecks and you have even $0.01 left Chase will charge a $1.50 "minimum interest" fee. It seems like everyone does this now.

     

  • The "Payment Protector" plan is a bit of a scam.

    They will charge the payment protector fee based on your statement balance, with zero grace period.

    If you have two of these cards keeping Payment Protector on the one you don't use (as an emergency option) is probably a good idea, but make sure your statement balance is always ZERO to avoid being charged.

mgrazi3's response was:    

  Apr 23, 2013

mgrazi3(3, 0)

Review by mgrazi3

3 Contributions 0 People Helped

Approved after reconsideration

Applied online and received the delayed message.  TU FICO 655.  Called reconsideration line.  Representative put me on hold and then came back and asked questions pertaining to my accounts on my credit report. I answered all questions.  Representative put me back on hold again and asked more questions.  Afterwards, I was approved for $500.  I have since learned through my credit monitoring service that I was put on hold while the representative pulled my Equifax and Experian credit reports to verify information listed on Transunion which was the first report pulled.  Called Chase and they denied pulling Experian; however, they are are showing on my Experian report as an inquiry.  I am disputing the inquiry since Chase is stating that they did not pull Experian.  We'll see what happens with the dispute.

Mar 22, 2013
Helpful to 3 out of 3 people

I was instantly approved with a 677 credit score!! Go Me....

Feb 19, 2013
Not too shabby Helpful to 3 out of 3 people

While I did not get a good limit and it took a recon, I didn't mind too much.  The service is usually very good from the reps, but occasionally there is one that should consider a new job.  While I would like to give them 5 stars there was a little issue with customer service that does show that there is a bit or room for improvement and it isn't the best card available, but it is darn good.  The website is very nice and really easy to use.  I imagine you can do anything with the web without really needing much human interaction, which I like very much. 

This and my Discover are my two favorite cards.  (Except Merrick, but only because they were my first card during rebuilding!)  The rewards are pretty decent, but it is more of the fact that this card is more recognized as a Prime card and that makes me feel good to at least be in.

bernhardtra's response was:    

  Feb 02, 2013

bernhardtra(98, 388)

Top Contributor

Review by bernhardtra

98 Contributions 388 People Helped

Top Contributor

just approved Helpful to 1 out of 1 people

I am really happy to hear that I got approved for $6000. My CK score is 706, and my Experian score is 727. The initial 0% introductory interest rate for 15months is also great. I am going to use it mainly, and will get $100 money back as well. That is awesome feature of the card.

dyoun's response was:    

  Dec 31, 2012

dyoun(2, 1)

Review by dyoun

2 Contributions 1 People Helped

See all 83 Reviews of Chase Freedom® MasterCard

† Credit Karma members have received approvals with these TransUnion New Account credit scores. These approval metrics are only guidelines and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.