The Chase Freedom Card

Dec 16, 2009

The Chase Freedom Card offers unlimited cash back rewards that never expire. There is no annual fee, and promotions offer 1% cash back on all purchases, and 2% on each dollar you spend on air travel booked through the Chase booking tool.

Cardholders with a U.S. mailing address can also earn 3% cash back in a quarterly bonus on rotating categories.

A current promotion offers 0% interest for 6 or 12 months, depending upon your credit history. To qualify for this card, you must possess a credit history clear of any bankruptcy and clear of any serious delinquencies. In addition, you must not have been turned down for credit in the past 6 months.

While credit card rates and programs are always subject to change, as of this writing, the Chase Freedom card offers 3 different pricing schedules:
Elite Pricing at a 13.24% variable rate
Premium Pricing at 18.24% variable
Standard Pricing at 23.24% variable (0% introductory rate limited to 6 months)
(These quoted rates are based on the prime rate of 3.25% on 12/22/08)

All rates are subject to change and based on the prime rate, which is defined as the highest prime rate published in the Money Rates column of The Wall Street Journal two business days before the Closing Date on the statement for each billing period.

Rates are also subject to change based on the consumer’s use of the account or “at any time for any reason.”

Balance transfers and cash advances are charged at 3% of the amount, but not less than $10. International fees are also charged at 3%.

Chase will charge a late payment fee of $15 on balances up to $99; $29 on balances of $100 up to $249; and $39.00 on balances of $250.00 and over. The over-limit fee is $39.

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