Chase Freedom Rise: 1.5% Cash Back and $0 Annual Fee
- Annual fee
- None
- Recommended credit
- Fair / Poor
- Card network
- Visa
- Regular purchase APR
- 26.49% variable based on the Prime Rate
At a glance
The Chase Freedom Rise Visa is a credit builder card that can help you earn cash back rewards and double your credit line fast. The card works best with an eligible Chase checking account, as having one can greatly improve your approval odds.
Our review of the Chase Freedom Rise
The Chase Freedom Rise Visa is a credit-builder credit card from JP Morgan Chase, designed for new to-credit Chase customers. This card offers unlimited cash back rewards, no annual fee, and improved approval odds for select Chase checking customers.
Who Is the Freedom Rise Designed for?
The Freedom Rise Visa is ideal for those looking to build or establish credit with Chase. Existing Chase checking account customers have improved approval odds, making it a great first credit card choice.
How to Get the Freedom Rise
Unlike most other Chase credit products, no credit history is required to apply for the Freedom Rise. However, becoming a Chase checking account holder with a balance of $250 or more can increase approval chances.
Chase Freedom Rise Benefits
- Simple $25 welcome offer for enrolling in autopay
- Opportunity to double credit line with on-time payments
- Unlimited 1.5% cash back rewards on all eligible purchases
How to Redeem Rewards
Cardholders can redeem rewards for statement credits or deposits into existing Chase banking accounts. Rewards can also be used through the Chase Ultimate Rewards portal for various options like gift cards, Amazon purchases, or travel.
Other Card Features
The Freedom Rise card offers additional benefits such as 5% back on Lyft rides, three complimentary months of DoorDash DashPass, and Visa Platinum protections and benefits.
Comparisons
Here’s how the Chase Rise compares to other popular credit card offers:
| Chase Freedom Rise Visa® | Mission Lane Visa® | Applied Bank® Unsecured Classic Visa® |
|---|---|---|
| Potential credit increase | Higher credit line after 6 on-time payments | Additional credit with responsible usage |
| Annual fee: $0 | $59 | See Terms |
| Apply online: No | Yes | Yes |
What We Like About the Freedom Rise
The Freedom Rise is a great starter credit card with no annual fee and basic cash back rewards. It also has minimal fees compared to other cards, making it a cost-effective option for building credit.
Things to Consider
While the Freedom Rise offers benefits, applicants should consider requirements like opening a Chase checking account with a minimum balance. Additionally, the card has foreign transaction fees, which may not be ideal for international purchases.
Should You Apply for the Chase Freedom Rise Visa?
If you are new to credit and already bank with Chase, the Freedom Rise is a solid choice. Chase offers excellent credit card options, and starting with the Freedom Rise can lead to future upgrades within the Chase family. However, if you don’t bank with Chase, there are other competitive options available from different banks or credit unions.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Earn 1.5% in cash back for all of your purchases
- Earn a $25 bonus for enrolling in in the first three months
- $0 annual fee
- Increase your credit line with 6 on-time payments
Who this card may suit
- You have a Chase checking account with a $250 balance
- You want to earn unlimited 1.5% cash back on all purchases
- You are new to credit cards
- You don't want to pay an annual fee
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 26.49% variable based on the Prime Rate |
| Balance Transfer APR | 26.49% variable based on the Prime Rate |
| Balance Transfer Transaction Fee | Either $5 or 5% of the amount of each transfer, whichever is greater |
| Cash Advance APR | 29.74% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 5% of the amount of each transaction, whichever is greater |
| Foreign Transaction Fee | 3% of the amount of each transaction in U.S. dollars. |
| Penalty APR | Up to 29.99% |
| Late Payment Penalty Fee | Up to $40 |
| Return Payment Penalty Fee | Up to $40 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Fair Credit Poor Credit.
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Chase Freedom Rise
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