Overview Of Chase Freedom Credit Card

Yeah so the blog’s previews (& other upcoming post) takes about a few decade to become a full review… but you know, good things comes to those that wait etc. etc.

If you’re the cable news TV type, you may have noticed the ape-crazy advertising campaign that Chase has set up for the Chase Freedom Credit Card. In fact, as far as I can tell, the Chase Freedom ad is also aggressively marketed on many online news site.


The gist:

• A cash-back credit card that can be converted to earning points, depending on customer preference.


• 3% cash back (or points) for every $1 spend at eligible Gas, Grocery, and Quick Service Restaurant purchases.


• Quick Service (as in fast food joints), but this may also include places such as sandwich, bagel, and coffee shops!


• 1% cash back (or points) for every $1 spend elsewhere.


• Save up $200 in cash back and get $250 back! (Essentially 3.75% or 1.25% cash back, depending on purchases).


• Maximum of $600 in purchase within a billing cycle for the 3% category.


• Cash back expires in 36 months, while points expire in 60 months.

Pros:

• 3% cash back may be as good as it gets for now.


• 3% cash back for trans fat filled burritos, burgers, fries, and donuts! Oh my!


• 3.75% cash back for those that are patient.


• No more two-cycle billing method.


• New Chase site allows for easier cash-back claim and switching to point.

Cons:

• High interest rate: 14.24% APR for good credit, 18.24% APR for moderate, and finally 23.24% APR for marginal credit. (Prime rate are high these days).


• 3% international purchase/transaction fee. Yuck.


• It’s another freaking credit card in your wallet.

by stopbuyingcrap.com