Chase Freedom Student Credit Card Overview
The Chase Freedom Student Credit Card is a solid choice for students who want to build credit and earn rewards on purchases. It offers bonus rewards for good credit status and cash back on all purchases. However, its daily earning potential is lower than some other student cards. Card Rating*:
* Card ratings are based on the opinions of the editors of TPG and are not influenced by the card issuer.
Whether you’re looking for a student card because you want to earn rewards on all your textbook purchases, or because you know you’ll need a good credit score to get an apartment and a travel rewards card when you graduate, the Chase Freedom Student Credit Card is a good choice for students with few or no credits.
This card is for students only and is designed to help you earn credits while in school. But it’s not the only student card on the market, so below we’ll help you decide if this is the best student card for you.
Chase Freedom Student Credit Card Welcome Offer
As a new cardholder, you will receive a $50 bonus after making your first card purchase within the first three months of account opening.
Many student cards don’t offer sign-up rewards at all, so the fact that the Chase Freedom Student card does is a win. While this one is relatively small, every little bit helps when you have to buy new textbooks and clothes for your internship.
In addition, there is no minimum spending threshold to receive the bonus; just use your card on a late-night tacos run for the first three months you have it.
Related: Best cashback credit card
Earn Rewards on Chase Freedom Student Credit Card
With this card, you’ll earn 1% cash back on all your purchases, whether you’re buying a new laptop or coffee to fuel the night. Plus, through March 2025, you’ll get 5% back on purchases on Lyft.
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This is not a monetization structure to write home about, but still a serious upgrade from using a debit card and not earning any rewards.
Related: Are credit cards better than debit cards?
Redeem Rewards on Chase Freedom Student Credit Card
You can redeem your rewards for cash back in the form of statement credits or direct deposit, there is no minimum to redeem.
You can also redeem your points for gift cards or use them to pay for your purchases at Amazon or Apple products through the Apple Ultimate Rewards Store. Or, if you’ve already planned your graduation trip, you can use your rewards to book a ride through the Chase Ultimate Rewards portal.
Related: How to use the Chase Ultimate Rewards portal
Benefits of Chase Freedom Student Credit Card
The standout benefit of this card is that you’ll get 2,000 points ($20 worth) as a “worthy bonus” after every account anniversary for the first 5 years. Again, this is not a reward that will make you rich, but it is a great one.
You’ll also get benefits like trip cancellation and interruption coverage, purchase protection, and extended warranty protection.
And to help you build your credit, Chase will increase your credit limit after you make five monthly payments on time within 10 months of account opening when you meet the criteria. Credit. You’ll also be able to check your credit score at any time for free with the Credit Journey tool.
Related: How to improve your credit score
Which card competes with the Chase Freedom Student Credit Card?
The Chase Freedom Student is not the only card available to students. If you want to earn extra rewards for specific categories or travel abroad and want a card that doesn’t charge foreign transaction fees, you might want to get another card.
For additional options, check out ours Favorite credit card for college students And credit building.
Read more: 8 things you should know before applying for a college credit card
Discover it Student Cash Back card information has been independently collected by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Is the Chase Freedom Student Credit Card Worth It?
If you’re a student who wants a card with a simple income structure and encourages the development of good credit habits, the Chase Freedom Student card is a great choice. However, if you want a card that earns more on bonus categories or has no foreign transaction fees, you should probably use a different student card.
bottom line
If you are a student, now is the time to build your credit, develop good financial habits, and start receiving rewards for your purchases. The Chase Freedom student credit card offers simple rewards and perks that reward good standing.
But college is a time to explore your options, and credit cards are no exception. Whichever pass you choose, you can walk across the graduation stage with your degree And a good credit score. Watch out, world.
Register here: Chase Freedom Student Credit Card
