Introduction
The Chase Freedom Student Card is a credit card designed specifically for students. In this blog, we will provide a comprehensive overview of the card, including the annual fee, APR, bonuses, and other key features. If you are a student looking for a credit card, this blog is a must-read!
Benefits of the Chase Freedom Student Credit Card
As a student, it’s important to choose a credit card that suits your needs. While most student credit cards offer limited rewards and bonuses, the Chase Freedom Student Card stands out from the crowd. Here are some of the key benefits:
1. $50 Bonus
Upon signing up for the Chase Freedom Student Card, you will receive a $50 bonus. This bonus is activated once you make your first purchase within the first three months of opening the account. It’s a simple and easy way to earn some extra cash!
2. 1% Cashback on All Purchases
The Chase Freedom Student Card offers 1% cashback on all purchases. This means that every time you use your card, you earn cashback which can be used to build credit for your future. It’s a great way to earn rewards while managing your expenses as a student.
3. Competitive APR
One of the standout features of the Chase Freedom Student Card is its competitive APR. With a variable APR of 17.24%, this card offers a relatively low interest rate, especially considering that students typically have limited credit history. It’s a cost-effective option for managing your finances.
4. No Annual Fee
As a student, it’s essential to keep your expenses to a minimum. The Chase Freedom Student Card understands this, which is why it comes with no annual fee. You don’t have to worry about spending extra money just to maintain your credit card. It’s a student-friendly feature that makes this card even more appealing.
5. Cashback Rewards That Don’t Expire
Unlike some other credit cards, the cashback rewards you earn with the Chase Freedom Student Card do not expire as long as your account remains open. There’s no minimum amount required to redeem your cashback, giving you flexibility in how you choose to use your rewards. You can save them up and use them whenever you like.
6. Rewards for Good Standing
The Chase Freedom Student Card rewards responsible credit behavior. After each account anniversary for up to five years, you will receive $20 for good standing rewards. This means that if you consistently pay your bills on time and maintain a good credit score, you will be rewarded for your financial responsibility.
7. Credit Limit Increases
As a student, your credit limit may start off relatively low. However, with the Chase Freedom Student Card, you have the opportunity to increase your credit limit after making five monthly payments on time within 10 months from account opening. This can be a valuable feature as it allows you to gradually build your credit over time.
8. Easy Cashback Redemption
Redeeming your cashback rewards with the Chase Freedom Student Card is a breeze. You have multiple options to choose from, including receiving a statement credit or a direct deposit. Additionally, you can use your points to shop at Amazon or redeem them for gift cards. If you love to travel, you can also book your travel using Chase Ultimate Rewards for competitive rates and flexible payment options.
9. Partner Benefits
As a Chase Freedom Student Cardholder, you can enjoy several partner benefits that can make student life a little easier. For example, you will receive three months of complimentary DoorDash membership, which provides unlimited deliveries with zero delivery fees and reduced service fees. Additionally, you can earn 5% cashback on Lyft rides, on top of the 1% cashback you already earn with the card.
10. Spend Instantly
With the Chase Freedom Student Card, you don’t have to wait for the physical card to arrive in the mail. You can link your card to a digital wallet, such as Apple Pay, Google Pay, or Samsung Pay, and start using it on the same day you are approved. It’s a convenient feature that allows you to begin enjoying the benefits of your card immediately.
Conclusion
The Chase Freedom Student Card is an excellent choice for students looking for a credit card that offers rewards, low fees, and flexibility. With its $50 bonus, 1% cashback on all purchases, competitive APR, and other valuable features, this card stands out in the student credit card market. Apply for the Chase Freedom Student Card today and start building your credit while earning rewards!
