Chase Freedom Student Credit Card Benefits and Features There are no minimum requirements for redemption. Paying with points at Amazon checkout should be avoided - you're better off paying for an Amazon purchase with your card, then after the charge posts to your account, using points at 1 cent apiece for a statement credit. Pay Yourself Back (1.25 cents per point toward eligible charities through December 31, 2023).Airfare, hotels, car rentals, and more through the Chase Ultimate Rewards travel portal (1 cent per point).You don't have to use the Chase Ultimate Rewards points you earn from the Chase Freedom® Student credit card for cash back (although that's the simplest method). How to use points from the Chase Freedom Student You can also earn bonus points by shopping through the Chase portal. You'll earn 1 Chase Ultimate Rewards® point for each dollar you spend, with no bonus categories to worry about. How to earn rewards with the Chase Freedom Student cardĮarning rewards is straightforward with the Chase Freedom® Student credit card. That's not the highest welcome bonus offer available for a student credit card, but considering there's no minimum spending requirement - you just have to make one purchase in the first three months - it's incredibly easy to unlock. New Chase Freedom® Student credit card cardholders can earn a $50 Bonus after first purchase made within the first 3 months from account opening. Chase Freedom Student Credit Card Rewards Chase Freedom Student welcome bonus offer When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay. These cards won't be worth it if you're paying interest or late fees. We're focused here on the rewards and perks that come with each card. The card also comes with a surprisingly good range of benefits for a student credit card, including purchase protection, trip cancellation/interruption insurance, and extended warranty. Plus, you'll score a credit limit increase - a key piece of improving that score - by making five monthly payments on time. You can use Chase's Credit Journey tool to monitor your FICO score. While other card offerings can make your spending during college more rewarding, the Chase Freedom® Student credit card is worth your consideration if you have no credit history. None of those charge additional fees for transactions outside the country. If you're planning to travel outside the US for a vacation or thinking about spending a semester abroad, you're better off with any of Capital One's student credit cards or the Discover it® Student Cash Back. One other downside to the Chase Freedom® Student credit card is the 3% foreign transaction fee. That rewards rate isn't much to celebrate compared with other student credit cards on the market.įor example, the Bank of America® Unlimited Cash Rewards Credit Card for StudentsĮarns 1.5% cash back on all your spending, and the Capital One SavorOne Student Cash Rewards Credit Card offers 3% cash back on dining, entertainment, popular streaming services, and at grocery stores. This card earns 1% cash back on all your purchases. Each year, you'll earn an extra $20 as long as you are paying your bill on time.įinding the right credit card, however, is about more than one-time and once-a-year perks, and this card doesn't pack a big punch for your everyday spending. The card also comes with an annual $20 Good Standing reward payout. TheChase Freedom® Student credit card's welcome bonus offer is the most simple and achievable on the planet: $50 Bonus after first purchase made within the first 3 months from account opening. Chase Freedom Student Credit Card Review: Is It the Best Credit Card for You? However, one piece of the puzzle can feel easy with the Chase Freedom® Student credit card. There are plenty of parts of college that may feel hard: studying for exams, dealing with the odd hours of your new roommate, and feeling overwhelmed while trying to plan ahead for the rest of your life, to name a few. Still, it comes with solid benefits (including a $20 annual Good Standing Reward) and the opportunity to earn a credit line increase after making on-time payments. Doesn't offer the highest bonus or rate of cash back on purchases compared to the best cash-back credit cards.
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