For those college students looking for a new card to open up, consider the Chase’s Freedom Student credit card. There are offering new cardholders a chance to earn $50 cash bonus after making one purchase in the first three months of the account opening. Compare this card with other top credit card offers.
Earn 1% cash back on all purchases that will never expire as long as your account is open. A big plus to this is that there is no minimum to redeem for cash back. In addition to that, there is no annual fee so you can greatly benefit from this card.
Chase Freedom Student Credit Card earns Chase Ultimate Rewards® points, which means you can pool points with other Chase cards. There are ongoing rewards and benefits that comes with this card, so if you want to know more information about the Chase’s Freedom Student credit card, continue reading below.
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Chase Freedom Student Credit Card Summary
The Chase Freedom Student credit card offers a $50 Bonus after first purchase made within the first 3 months from account opening.
You'll earn 1% cash back on all purchases and a $20 Good Standing Rewards after each account anniversary for up to 5 years. There is no minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open
In addition, earn a credit limit increase after making 5 monthly payments on time within 10 months from account opening when meeting credit criteria
This card has no annual fee and you'll get free credit score with Chase Credit Journey.
|Bonus Available||Earn a $50 Bonus after you make your first purchase in the first 3 months from account opening.|
|Ongoing Rewards/Benefits||Complimentary DashPass subscription for 3 months on DoorDash and Caviar. After that, you are automatically enrolled in DashPass at 50% off for the next 9 months – activate by 12/31/2021.
5% total cash back on Lyft rides through 3/31/2022.
$20 Good Standing Rewards, after each account anniversary for up to 5 years.
Earn a credit limit increase after making 5 monthly payments on time within 10 months of account opening and meeting credit criteria.
Free credit score.
|Foreign Transaction Fees||3%|
|Airport Lounge Access||N/A|
* Bonus value is an estimated value calculated by BankDealGuy and not the card issuer.
View our latest valuations here.
- No annual fee
- Earns Ultimate Rewards points
- Encourages good credit habits
- Simple rewards
- No co-signers allowed
- No bonus categories on spending
- Foreign transaction fees
The Chase Freedom Unlimited Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
In addition, you can earn:
• Earn 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
• Earn unlimited 1.5% cash back on all other purchases.
• Earn 5% on Chase travel purchased through Ultimate Rewards, 3% on dining and drugstores, and 1.5% on all other purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
$50 Sign-Up Bonus
With the Chase Freedom Student Credit Card, you can earn a $50 bonus by making any purchase within three months of opening your account. There is no amount required to qualify for this bonus.
Earning With Chase Freedom Student Credit Card
With this card, you will have the opportunity to earn one point for every $1 spent, which is equivalent to 1% cash back. This rewards program is super simple to take advantage of.
However, some transactions do not qualify for the 1% cash back, including balance transfers, cash advances, betting transactions, interest, unauthorized or fraudulent charges, and fees.
Redeeming With Chase Freedom Student Credit Card
The Chase Freedom Student Credit Card allows you to redeem rewards for cash at a $0.01 per point redemption rate as statement credit or direct deposit and does not require a minimum amount to redeem your rewards.
You can also redeem points for other purchases such as travel, gift cards and merchandise. All of these options will value your points at $0.01, except for shopping for Amazon merchandise that will drop your points value to $0.008 each.
Maximizing With Chase Freedom Student Credit Card
To maximize your rewards, you should using your card on a regular basis. If you do not, you may not qualify for the credit limit increase and it requires you to pay your bill on time for at least five months within your first 10 months of being a cardholder.
If you pay your bill on time, you can get an extra 2,000 points (worth $20 in cash back) every year upon account renewal, for up to five years.
Here are some card promotions to take advantage of:
- Students can get free delivery on any DoorDash order over $12 for the first three months. Then after that, students will get a 50% discount on a DoorDash subscription for nine months.
- Cardholders can get an additional 4% cash back on qualifying Lyft rides purchased through the Lyft mobile app (a total of 5%) now through March 2022.
When pooling the Ultimate Rewards points with another Chase card such as the Chase Sapphire Preferred Card, Chase Sapphire Reserve or Chase Ink Business Preferred Credit Card, you will be able to get more bang for your buck.
- Points are worth 25% more for Ultimate Rewards travel with Sapphire Preferred and Ink Business Preferred.
- Points are worth 50% more for Ultimate Rewards travel with Sapphire Reserve.
You can potentially maximize your earnings with the Chase Freedom Flex card by transferring you Ultimate Rewards points to any of Chase’s airline and hotel partners. We value these points at $0.02 each with certain partners and booking scenarios:
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
|Airline Transfer Partners||Hotel Transfer Partners|
|Aer Lingus AerClub||IHG Rewards Club|
|British Airways Executive Club||Marriott Bonvoy (Previously Marriott Rewards)|
|Flying Blue AIR FRANCE KLM||World of Hyatt|
|Singapore Airlines KrisFlyer|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
Chase Freedom Student Credit Card is a great option for college students who are looking to open up a credit card with no annual fee, the ability to earn unlimited points on everyday purchases, and with simple rewards.
Let us know about your thoughts and experience with this card in the comment section below! Be sure to check back on BankDealGuy for more best credit card deals! For more Chase offers, see our list of the Best Chase Credit Cards!
What’s the Competition?
With the Journey Student Rewards from Capital One:
You can build your credit with responsible use and be automatically considered for a higher credit line in as little as 6 months. You'll get the option to pick the monthly due date that works best for you.
You'll earn 1% cash back on all your purchases. Pay on time to boost your cash back to a total of 1.25% for that month. And there's no limit to the amount of cash back you can earn, and rewards won't expire for the life of the account.
This card comes with no annual fee and no foreign transaction fees.
The Citi Rewards+® Student Card offers offers 2,500 bonus points after you spend $500 in purchases with your card within 3 months of account opening; redeemable for a $25 gift card at thankyou.com.
You'll earn 2X ThankYou® Points at supermarkets & gas stations for the first $6,000 per year and then 1X Points thereafter. Plus, earn 1X Points on all other purchases.
In addition, the Citi Rewards+℠ Student Card is the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
This card comes with no annual fee.
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