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Chase Freedom Rise Credit Card — Full Review [2024]

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Jarrod West

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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in o...
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Chase Freedom Rise℠

Chase Freedom Rise℠

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
3.5
  • $0

  • 26.99% Variable

Chase Freedom Rise℠

The Chase Freedom Rise card is the perfect option for those starting their credit journey that also want to earn cash-back rewards.

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
3.5

Card Snapshot

Welcome Bonus & Info

  • Increase your approval chances - Having a Chase checking or savings account with a balance of at least $250 will increase your chances of getting approved for Chase Freedom Rise℠
  • Earn Cash Back - With Chase Freedom Rise℠, you can start building credit while earning 1.5% cash back on all purchases. Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
  • Earn a $25 statement credit after signing up for automatic payments within the first three months of opening your account. With automatic payments, just pick a date and dollar amount to make sure your Credit Card gets paid on time.
  • Credit Limit Increase - As a Chase cardmember, you'll be evaluated for a credit line increase in as soon as 6 months. Your credit line is the maximum amount of money you can spend on your Freedom Rise℠ Card
  • Free Credit Score - Track your credit score and learn how to build it with Chase Credit Journey.
  • No Annual Fee - You won't have to pay an annual fee for all the great features that come with your Freedom Rise℠ card.
  • Member FDIC

Customer Service Number

800-493-3319 (Available 24/7)

Pros

  • 1.5% cash-back on all purchases
  • 5% cash-back on Lyft rides (through March 2025)
  • No annual fee
  • $25 statement credit after signing up for automatic payments within the first three months of opening your account
  • Credit limit increase

Cons

  • High APR
  • Charges foreign transaction fees

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 2025 and also have access to purchase protection and extended warranty protection, all with no annual fee.

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® Student Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Frequently Asked Questions

What is the Chase Freedom Rise card credit limit?

The exact credit limit you are given on the Freedom Rise card will depend on a handful of factors like your credit score, years of credit history, income, and more. That said, everyone approved for the card will have a credit limit of at least $500.

What is the difference between the Chase Freedom® Student Credit Card and the Freedom Rise card?

The Freedom Student card has been discontinued. The primary option for those looking for a Chase card to build or rebuild their credit is the Freedom Rise card.

Is the Chase Freedom Rise card worth it?

If you are looking for a credit card to help you build your credit history that does not require a deposit, does not charge an annual fee, earns cash-back rewards, and offers purchase protections, then yes, the Freedom Rise card would be worth it for you.

What is the minimum credit score needed for the Chase Freedom Rise card?

No minimum credit score is needed to be approved for the Freedom Rise card, as the card is designed for those looking to build or rebuild their credit score. That said, Chase notes that having a Chase checking account with a balance of at least $250 will increase your chances of getting approved for the Freedom Rise card.

Does the Chase Freedom Rise card require a security deposit?

No, the Freedom Rise card does not require a security deposit.

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About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.

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