Great Card If
- You have never had a credit card before or are still building your credit score
- You want to earn cash-back rewards
Don’t Get If
- You already have a few years of credit history and a strong credit score
Chase Freedom Rise℠ Credit Card — Is It Worth It?
Those who are just getting started with their credit journey will love the Freedom Rise card. For starters, it offers a great bundle of credit-building benefits like free credit scores with Chase Credit Journey, a credit limit increase after 6 months of on-time payments, and a $25 statement credit for enrolling in automatic payments.
Additionally, users earn 1.5% cash-back on all purchases and 5% cash-back on Lyft rides through March 31, 2025 and also have access to purchase protection and extended warranty protection, all with no annual fee.
Cardholders will have the opportunity to have their accounts evaluated each year for a possible opportunity to upgrade to the Chase Freedom Unlimited®. These evaluations will happen automatically when your account is open, you have made a purchase in the previous 12 months, all of your payments in the previous 12 months were on time, and none of your Chase accounts are suspended.
Freedom Rise Card Top Benefits
$25 Statement Credit for Automatic Payments
While the card doesn’t offer a traditional welcome bonus, new cardholders can receive a $25 statement credit after signing up for automatic payments within the first 3 months of opening their account.
Lyft — Added Cash-Back
Using a Freedom Rise card as your payment method on Lyft earns 5% cash-back, instead of the usual 1.5%, on all rides through March 31, 2025.
DoorDash DashPass
The card gives you 3 free months of DoorDash DashPass. DashPass offers unlimited deliveries with a $0 delivery fee and reduced service fees. After the free period, you can receive 50% off your DashPass subscription for the next 9 months.
Travel and Purchase Protections
- Trip Cancellation and Interruption Insurance — If you need to cancel a trip due to illness, severe weather, or any other covered circumstance, you’ll receive a reimbursement of up to $1,500 per person and $6,000 per trip for nonrefundable travel expenses if you need to cancel your trip or end it early.
- Purchase Protection — Your new purchases are covered for 120 days against damage or theft up to $500 per claim and $50,000 per account.
- Extended Warranty Protection — Warranty protection extends the U.S. manufacturer’s warranty period by an additional year on eligible warranties of 3 years or less.
How To Earn and Redeem Your Cash-Back
Naturally, you’ll want to use your card as often as possible to earn as much cash-back as possible, provided you pay off your monthly balance.
When you are ready to redeem your cash-back, you can receive a statement credit or direct deposit into most U.S. checking and savings accounts. You can also use your cash-back toward travel purchases made through the Chase travel portal, toward Amazon orders, and on select merchant gift cards.
Alternative Card to the Freedom Rise Card
Discover it® Secured
The Discover Secured card is another great option for those looking to build or rebuild their credit. While it does require at least a $200 deposit, which will act as your credit line, you can get your deposit back after 7 months of on-time payments.
Plus, the card has no annual fee, earns 2% cash-back at gas stations and restaurants on up to $1,000 in combined purchases each quarter and 1% cash-back on all other purchases, and you’ll get an unlimited dollar-for-dollar match of all the cash-back you earn at the end of your first year.
The information regarding the Chase Freedom Rise℠ Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. The information regarding the Discover® it Secured card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
