Source: The Points Guy
Summary
The Chase Freedom Rise is a starter credit card designed for consumers with limited or no credit history. It has no annual fee, no security deposit requirement, and earns unlimited 1.5% cash back on all purchases. The card also offers a $25 statement credit for enrolling in automatic payments and remaining enrolled for at least 90 days. It has a potential upgrade path to the Chase Freedom Unlimited and provides a simple rewards structure with no bonus categories to track.
Our Reading
The escape is carefully planned. With the Chase Freedom Rise, consumers can earn rewards while building credit and establishing a relationship with Chase. The card’s simplicity and lack of fees make it an attractive option for those new to credit. However, its long-term value proposition is limited, and it charges a 3% foreign transaction fee. The Freedom Rise is a stepping stone to more rewarding Chase cards, such as the Freedom Unlimited.
It’s a credit card that promises a break from the usual fees and complexity, but still requires responsible use to reap its benefits.
Author: Evan Null
