The Chase Freedom Rise℠ Credit Card is designed specifically for those who are just beginning to build credit. With a high approval rate for newcomers, no annual fee, and cashback rewards, it’s a great entry point for young adults, students, immigrants, and anyone starting their financial journey in the U.S.
Issued by one of the largest banks in the world, this card also comes with Visa program benefits and features that help cardholders track and boost their credit score quickly. Here’s how it works and what it can offer you!
Key Features
The Freedom Rise was created to help users build a strong credit history from the start, without giving up rewards. Check out its main features:
- No annual fee
- Unlimited 1.5% cashback on every purchase
- High approval odds with a qualifying direct deposit (minimum $250/month into a Chase account)
- Free access to Chase Credit Journey (credit monitoring and personalized tips)
- Coverage for unauthorized purchases, cell phone protection (when paying with the card), and access to Visa benefits
In addition, points earned can be redeemed as a statement credit, transferred for travel (with eligible Chase cards), or exchanged for products and services.
What Are the Main Benefits?
The Chase Freedom Rise℠ offers several practical advantages for those taking their first steps into the credit world:
- Easier approval for people with no FICO score or limited banking history
- Guaranteed cashback on any purchase, with no rotating categories or caps
- Access to financial education, alerts, and free credit tools
- Can be a stepping stone to more advanced Chase cards like the Freedom or Sapphire lines
- Global acceptance with 24/7 fraud protection
- Support via the Chase Mobile app, with full account management
Another highlight is the partnership with the Visa Zero Liability program, which ensures the cardholder isn’t held responsible for unauthorized or fraudulent charges.
Rates and Terms
On the other hand, before applying for the Chase Freedom Rise, it’s important to be aware of some of the main usage terms. This card offers a beginner-friendly and transparent structure:
- Annual fee: $0
- Cashback: 1.5% on all purchases, no cap
- Variable APR: between 26.99% and 29.99%, depending on your profile
- Income requirement: not specified, but having a qualifying direct deposit with Chase helps
- No security deposit required, unlike “secured” credit cards
The APR is higher than that of traditional cards, which is common for starter products. That’s why it’s ideal for users who plan to pay their balance in full each month to avoid interest.
Who Is It For?
The Chase Freedom Rise is ideal for people with little or no credit history. Its eligibility requirements are more flexible, making it especially attractive for students and young adults beginning their financial lives. Also, for customers who have or plan to open a Chase checking account, this card is a smart choice, offering additional bank benefits.
Overall, users looking for simple cashback with no complicated rules can enjoy what the Freedom Rise offers. And, of course, it’s also a good option for those planning to upgrade to more premium Chase cards in the future, such as the Freedom Unlimited or Sapphire Preferred.
How to Apply for This Card
If the Chase Freedom Rise credit card caught your attention, here’s a step-by-step guide to apply:
- Go to Chase’s official website and look for Chase Freedom Rise
- Click “Apply Now” and fill out the form with your personal and financial information
- Indicate whether you have a Chase account and if you currently use or plan to set up direct deposit
- Submit your application and wait for a response, which typically arrives within minutes
- Once approved, your physical card will be mailed to you, and you can activate it through the app
Tip: Maintaining direct deposits of at least $250/month into a Chase account significantly increases your chances of getting approved.
Is the Chase Freedom Rise℠ Worth It?
The Chase Freedom Rise℠ Credit Card is one of the best options for those who want to build credit quickly, without an annual fee, and still earn cashback. Backed by a reputable bank like Chase and featuring tools for monitoring and financial education, it provides everything a beginner needs, with security and simplicity.
If you’re just getting started in the U.S. and want to enter the credit system with responsibility and solid rewards, the Freedom Rise is an excellent first step.
All information in this and other BOISLA articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
REFERENCES:
https://creditcards.chase.com/
Read more about credit cards in https://boisla.com/category/credit-cards/
