The Chase Freedom Card is now offering a $50 cash back bonus after your first purchase. The rewards program itself remains slightly better than the vanilla 1% back cards since they offer 3% back in rotating categories like gas, home improvement and department stores. This sounds like the current Discover card rewards system. You can no longer wait and redeem $200 in cash back rewards for $250 like the good ole’ days, but the rewards never expire and are converted directly to a check mailed to you.
No annual fee, and an intro 0% APR on purchases for 6/12 months. From the T&Cs: “Length of your introductory period will be either 12 billing cycles from account opening for purchases or 6 billing cycles from account opening for purchases depending on our review of your application and credit history.” Basically, this is for folks that would like to grab an easy $50 bonus, take advantage of the 0% APR on purchases, and have a no-hassle backup rewards card.
Read more about Chase Freedom Credit Card: $50 Cash Back Bonus…
