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.
