Quick Answer: Is Chase Freedom A Good Credit Card?

What is a 5 24 rule?

Chase’s 5/24 rule means that you can’t be approved for most Chase cards if you’ve opened five or more personal credit cards (from any card issuer) within the past 24 months..

Are Chase credit cards hard to get?

Chase’s cards are all intended for consumers with good to excellent credit scores, and we recommend you have a FICO® Score of 670 or higher when you apply. … There is no hard-and-fast rule here, as there have been applicants with scores below 650 who have reported getting approved for a Chase card.

Will I qualify for Chase Freedom?

Chase Freedom Unlimited® With the Chase Freedom Unlimited card, you can earn a $150 bonus after you spend $500 on purchases in your first three months from account opening. This card typically has similar approval ratings to the Freedom, requiring a slightly higher minimum credit score, in the range of 675.

Is Chase Freedom Card hard to get?

There are many reasons to get the Chase Freedom (as you can read more about in our in-depth Chase Freedom review). For some people, this is their only credit card and they redeem the points for cash rewards. … As long as you have a 670 credit score and not too many new credit cards, this is an easy credit card to get.

What are the benefits of a Chase Freedom Card?

What are the new Chase Freedom Unlimited® cash back benefits?5% cash back on all travel purchased through Chase Ultimate Rewards. ®3% cash back on dining at restaurants, including takeout and eligible delivery services.3% cash back on drugstore purchases.

Which is the best Chase credit card to get?

Best Chase Credit CardsChase Freedom Unlimited®: Best for Straightforward Earnings.Chase Freedom®: Best for Category Bonuses.Chase Sapphire Reserve®: Best Premium Card.Chase Sapphire Preferred® Card: Best Travel Rewards for a Low Annual Fee.Ink Business Preferred® Credit Card: Best Travel Rewards Business Card.More items…•

How much is Chase Freedom credit limit?

The Chase Freedom Flex credit limit is $500 or more. Everyone who gets approved for Chase Freedom Flex is guaranteed a credit limit of at least $500, and especially creditworthy cardholders could get limits a lot higher than that.

How can I build my credit fast?

Steps to Improve Your Credit ScoresPay Your Bills on Time. … Get Credit for Making Utility and Cell Phone Payments on Time. … Pay off Debt and Keep Balances Low on Credit Cards and Other Revolving Credit. … Apply for and Open New Credit Accounts Only as Needed. … Don’t Close Unused Credit Cards.More items…•

Is Chase Freedom Unlimited a good credit card?

The Chase Freedom Unlimited card offers a good sign-up bonus and an impressive average rewards rate, including a 1.5% cash back rate on general purchases, making it a great starter card for collecting Chase Ultimate Rewards.

What kind of credit score do you need for Chase Freedom?

750+The Chase Freedom Unlimited credit score requirement is 750+, or excellent credit. It may be possible to get the Freedom Unlimited card with a slightly lower score, such as 700+, especially if you have a lot of income and little debt. But the higher your credit score is, the better your approval odds will be.

Does Chase give instant approval?

Chase approves most credit card applications instantly. As soon as you click submit, you should receive a decision within 60 seconds. However, some applications require further review.

Which Chase card should I get first?

The Chase Sapphire Preferred is the best card for you to start with. With a bonus of 80,000 points after $4,000 spend in the first 3 months and 2x points earned on dining and travel spend, this card truly cannot be beat for getting started!

How does Chase Freedom card work?

The big attraction for the Chase Freedom Flex℠ is its rewards. You’ll get 5% cash back on travel when you book your trip through Chase Ultimate Rewards, as well as 5% in a bonus category that you activate each quarter. You’ll also get 3% on dining and drugstore purchases and 1% on all other purchases.

What is the easiest Chase card to get?

Chase SlateThe easiest Chase cards to get are the ones that require good credit for approval. They include Chase Slate, the Amazon Visa and the Hyatt Credit Card.

How much is Chase Freedom unlimited credit limit?

For example, with the Chase Freedom Unlimited® approved cardholders will either receive the basic level Visa Platinum card (with a minimum credit limit of $500) or the upgraded Visa Signature card (with a minimum credit limit of $5,000), according to Chase Freedom Unlimited’s pricing and terms.