![]() ![]() The card's earning rate on spending is a lot more competitive - a respectable 1.5% cash back (1.5 Chase points per dollar) on everything you buy. That's not a bad deal considering many starter credit cards don't offer a bonus at all, but it's significantly less than what the best cash-back credit cards offer. Instead, new cardholders can earn a $25 statement credit for setting up autopay within the first three months of account opening. Unlike the other Freedom cards, the Chase Freedom Rise℠ doesn't offer a traditional welcome bonus tied to a spending requirement. The Chase Freedom Rise℠ is similar to the Chase Freedom Flex℠ and Chase Freedom Unlimited® in that it earns rewards in the form of Chase Ultimate Rewards® points, which you can redeem at a rate of 1 cent each for cash back, gift cards, or travel through the Chase Ultimate Rewards Travel Portal. Instead, check out our guide to the best credit cards to rebuild credit for all the top options. If you're looking to fix your credit score, this is not the card for you. It's important to note that the Freedom Rise is specifically designed as a first credit card for those with no credit history. If you already bank with Chase or have easy access to a branch and don't mind opening a new checking account, these requirements aren't terribly inconvenient - but for some, they could be a dealbreaker. Once approved, however, you won't need to maintain a minimum checking account balance. Chase says to increase your likelihood of approval, you should have or open a Chase checking account with a $250 balance within two days of applying for the card. That's a major drawback for folks who don't have a Chase branch nearby.Ĭhase frames this requirement as a way to give credit beginners access to in-person guidance and education from Chase bankers, but there's another hoop to jump through to get the card. There's no way to apply online right now, but Chase says digital applications will be available in early 2024. To apply for the Chase Freedom Rise℠, you must fill out an application at a physical Chase bank branch. Here's what to know about the new Chase Freedom Rise to help you decide if it's the right starter credit card for you. Check your credit score for free with Chase Credit Journey.Earn $25 for enrollment in autopay in the first three months of account opening.The information related to the Chase Freedom Rise℠ has been collected by Business Insider and has not been reviewed or provided by the issuer of this card.However, getting the Chase Freedom Rise requires a bit of legwork for now, you'll have to visit a Chase branch if you want to apply for the card. This no-annual-fee credit card earns 1.5% cash back on all purchases, and if you enroll in autopay within the first three months of account opening, you'll earn a $25 statement credit. Monday's launch of the Chase Freedom Rise℠ card offers a new opportunity to build credit with a credit card, and it's specifically designed for new-to-credit consumers like young adults and college students. For those just starting out on their financial journey, secured credit cards are a good stepping stone - but not everyone wants to tie up funds in the security deposit these cards require. If you don't have a credit history, getting approved for a credit card can be challenging. ![]() By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept our ![]()
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