Chase Freedom Student: Advantages and Disadvantages
The Chase Freedom Student from Chase is one of the most competitive credit cards in the student credit cards category. With a rating of 7/10, it offers no annual fee and impressive rewards including 1% unlimited.
In this comprehensive review, we break down everything you need to know about the Chase Freedom Student: rewards structure, fees, APR, welcome bonus, and how it compares to competitors. Whether you are looking for your first rewards card or adding to your wallet, this guide covers it all.
Chase Freedom Student Overview
The Chase Freedom Student is issued by Chase and is designed for consumers with Limited/No Credit. It carries a rating of 7/10 from our experts. For those with good to excellent credit, this card can be a valuable addition to your wallet.
| Feature | Details |
|---|---|
| Issuer | Chase |
| Annual Fee | $0 |
| Intro APR | N/A |
| Regular APR | 18.24% - 27.24% Variable |
| Rewards | 1% unlimited |
| Welcome Bonus | $50 after first purchase, $20/year good grade |
| Credit Score | Limited/No Credit |
| Foreign Tx Fee | 3% |
Rewards & Benefits Breakdown
The Chase Freedom Student earns 1% unlimited. Here is the detailed breakdown of earning rates:
| Category | Reward Rate |
|---|---|
| All Purchases | 1% unlimited |
| Welcome Bonus | $50 after first purchase, $20/year good grade |
| Intro APR | N/A |
| Credit Score | Limited/No Credit |
Since this card has no annual fee, you can keep it forever without cost. Use it for travel to maximize value.
Fees & APR Analysis
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 |
| Purchase APR | 18.24% - 27.24% Variable |
| Balance Transfer APR | 18.24% - 27.24% Variable |
| Foreign Transaction Fee | 3% |
Chase Freedom Student vs Competitors
See how Chase Freedom Student stacks up against similar cards.
| Card | Fee | Rewards | Bonus | Rating |
|---|---|---|---|---|
| Discover it Student Cash Back | $0 | 5% rotating categories up to $1,500/quarter | $20 statement credit each year GPA >3.0 | 8/10 |
| Capital One Savor Student | $0 | 3% dining/entertainment, 1% else | N/A | 7/10 |
| Capital One Quicksilver Student | $0 | 1.5% unlimited | N/A | 7/10 |
| Bank of America Customized Cash Student | $0 | 3% category choice, 2% grocery, 1% else | $100 after $500 in first 90 days | 7/10 |
Pros & Cons
✅ Pros
- Competitive rewards rate: 1% unlimited
- Welcome bonus: $50 after first purchase, $20/year good grade
- No annual fee
- Issued by reputable Chase
❌ Cons
- Foreign transaction fee of 3%
The Chase Freedom Student is best for consumers who want a simple, no-fee card with solid rewards. If you have Limited/No Credit credit and spend $1698/month on average, this card could earn you significant value.
How to Apply for Chase Freedom Student
Applying for the Chase Freedom Student is straightforward. Here is the step-by-step process:
- 1
Check Your Credit Score
Before applying, check your credit score. You need Limited/No Credit for the best approval odds.
- 2
Compare Your Options
Compare the Chase Freedom Student with similar cards from other issuers to ensure it is the right fit.
- 3
Gather Required Information
You will need your Social Security number, income information, and address to apply.
- 4
Complete the Online Application
Visit Chase.com or the Chase mobile app. The application takes about 5-10 minutes.
- 5
Await Approval Decision
Most applicants receive an instant decision. If approved, your card will arrive in 7-10 business days.
Frequently Asked Questions
You need Limited/No Credit credit to be approved for the Chase Freedom Student. Approval is not guaranteed and depends on your overall credit profile.
Yes, with no annual fee, this card is worth keeping in your wallet indefinitely. Plus, the welcome bonus alone covers the first year's value.
The purchase APR is 18.24% - 27.24% Variable.
Yes, there is a 3% foreign transaction fee.
Rewards can be redeemed through your Chase online account. Options typically include statement credits, gift cards, travel bookings, and direct deposits.
Conclusion
The Chase Freedom Student is a solid choice in the student credit cards category. With no annual fee and competitive rewards, it offers good value for the right consumer.
We recommend this card for anyone with Limited/No Credit credit looking for cash back on their everyday spending. Compare it with other cards in our list to find the best fit for your wallet.
The Chase Freedom Student earns 1% unlimited. With a rating of 7/10, it is one of the better options in the student credit cards space. Recommended for consumers with Limited/No Credit credit.