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Chase Freedom® $100 Cash Back Bonus Credit Card

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One of my favorite cash back credit card offers has always been the Chase Freedom® card, primarily because of the initial bonus offer combined with a great cash rewards program and low APR if you apply with excellent credit.

The Chase Freedom® card provides all new Chase cardholders a $100 statement credit after spending $500 during the first three months. You cannot currently own any Chase credit card in order to receive this offer as this is only for new customers.

An equally impressive feature of the Chase Freedom® is its rewards program, offering 5% cash back on select purchases every month and 1% cash back on all other purchases. Like other cash back programs, the 5% cash back categories change every three months. Each quarter, a maximum only the first $1,500 spent in these categories can earn the 5% cash back (meaning a max of $75 saved each quarter), with the regular 1% cash back earned in these categories thereafter. In addition you need to activate your 5% cash back categories each quarter.

These are the current 5% cash back categories, lasting from October 1, 2013 to December 31, 2013:

  • Select Department Stores
  • Amazon.com

Last but not least, the Chase Freedom® card has no annual fee, which is impressive considering the amount of money one can possibly earn from the rewards program. There is a 0% APR introductory offer on purchases and balance transfers for 15 months. After that, the APR will vary with the market based on the Prime Rate and is currently 13.99% to 22.99% variable, depending on the cardholder’s credit history. The more impressive your credit score, the lower your interest rate.

Taking into account how long most big bonus offers stick around, the Chase Freedom® could disappear very quickly. If you’re in the market for a new credit card, consider the best cash back credit card offered in a long time. Visit the Chase Freedom® credit card to find out more or open an account.

Updated September 15, 2013 and originally published April 13, 2011. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow Luke Landes on Twitter. View all articles by .

{ 8 comments… read them below or add one }

avatar wylerassociate ♦162 (Cent)

that is a good cash back deal from chase. I do wonder if more banks will offer higher cash back deals on credit cards.

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avatar Ceecee ♦53 (Newbie)

Daggone it, I already have a Chase card. I’d be filling out this application right now if I didn’t.

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avatar Chris Jordan

I had taken advantage of the Chase $100. offer for opening checking. I am on Social Security who wants 80% of unearned income. That means $20. free and clear. Whoopie!

Nothing against Chase- they cheerfully deposited $100. in my new account. But this is kind of a warning about cash offers on one hand; while the government takes most of it away from the other hand!

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avatar Luke Landes ♦127,495 (Platinum)

What calculation are you using to determine you have to pay taxes worth 80% of your unearned income? There’s nothing like that in the worksheet in IRS Publication 915.

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avatar Chris Jordan

I am on SSI, and also receive other “unearned income” checks- which they subtract each month. They have done all calculation at S.S.A. The amount subtracted used to be 50% I think, but my disability is permanent, and the government may be tired of long-term income! Well; $20.00 is better than nothing! I had already spent the full $100., and my SSI check went down $80.

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avatar Pat S

I’m pretty happy with my AMEX Blue card. I use it for all my bills and pay it off at the end of the month. I usually make about 400.00 a year on cash back alone, with no fees.

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avatar skylog ♦368 (Nickel)

interesting. chase non-credit card accounts are seeing their attractiveness decline, while their credit card accounts are becoming more attractive.

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avatar qixx ♦1,895 (Half-Dollar)

I already have the Chase Amazon card. 3% year round at Amazon and 2% on gas. With that an a Discover Classic (similar to Discover More) for 5% rotating this card is less interesting. That $150 promotion would be great if it was not limited to just those without a Chase card already.

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