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Chase Freedom Rise®: 1.5% Cash Back, No Annual Fee
Explore Chase Freedom Rise® with no annual fee and 1.5% cash back on all purchases. A smart pick for those building credit.
The Quick Version
The Chase Freedom Rise® offers a straightforward way to build credit with 1.5% cash back on every purchase and no annual fee. Ideal for those new to credit, it’s a practical starter card. However, the high APR of 24.49% to 31.49% variable might catch you off guard if you carry a balance.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
Chase Freedom Rise® Credit Card
The Chase Freedom Rise® is a no-annual-fee card ideal for credit builders.
Fees & Rates
The Chase Freedom Rise® has a variable APR ranging from 24.49% to 31.49%, according to Chase’s official page. While the card skips an annual fee, be cautious of the steep interest rate if you don't pay off your monthly balance. It offers 1.5% cash back on all purchases, with a $25 bonus for setting up automatic payments.
What's Actually Good
The best aspect of the Chase Freedom Rise® is its simplicity. With 1.5% cash back on every purchase, you don’t have to worry about rotating categories or spending limits. Plus, the lack of an annual fee makes it a low-risk choice for newcomers to credit.
The Catch
The downside? The high variable APR, which can quickly become expensive if you carry a balance. Also, while having $250 in a Chase account boosts your approval odds, it ties you into their ecosystem.
This Card Is For You If...
This card suits those just starting with credit or students who plan to pay off their balance monthly. If you have a Chase checking or savings account, your chances of getting approved increase, making it even more appealing for existing Chase customers.
The Bottom Line
The Chase Freedom Rise® is a solid entry-level option for anyone looking to establish credit without the burden of an annual fee. Just be mindful of the high APR if you don’t pay in full each month. Looking for more credit-building options? Check out Credit Building Cards: Top Picks for August.
