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 $150 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.
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, 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 December 15, 2016 and originally published April 13, 2011.
Comment Policy: We love comments! However, the comments below are not provided or commissioned by this site or its advertisers. Comments have not been reviewed, approved or otherwise endorsed by this site or its advertisers. It is not this site or its advertisers' responsibility to ensure all comments and/or questions are answered.