Chase Freedom® Student credit card review
Great for students interested in building their credit and earning rewards.
- Get this card if you want a student credit card with valuable rewards.
- Pick something else if you want higher reward rates.
- Apply if you’re new to credit or with a good to an excellent credit score of 670 or higher.
Up to 1%
Purchase APR (variable)
|Product Name||Chase Freedom® Student credit card|
|Purchase APR||14.99% variable|
|Balance transfer APR||14.99% variable|
|Balance transfer fee||$5 or 5% of the transaction, whichever is greater|
|Cash advance rate||24.99% variable|
|Cash advance fee||$5 or 10% of the cash advance amount, whichever is greater|
|Foreign transaction fee||3% of the transaction value|
|Rates & fees||rates & fees|
Steven Dashiell is a credit cards staff writer at Finder. He's worked on over 150 Finder articles to help readers embrace and maximize credit cards. Steven has nearly a decade of research and reporting experience, and has also been a reporter and editor for several healthcare newsletters.
Chase has introduced a student version of its popular Chase Freedom® card, appropriately named the Chase Freedom® Student credit card. Designed to help college students start building their credit, this card also grants access to the Chase Ultimate Rewards program — a strong incentive given the value of Chase’s loyalty program.
However, there are a few major differences from the standard Chase Freedom® card, including a downgrade from the existing card’s earning categories.
- No annual fee.
You won’t need to pay an annual fee to use this card.
- Cashback rewards.
This card earns an unlimited 1% cashback on all purchases. You can also earn a $50 cashback bonus when you apply at your local branch.
- Signup bonus.
Earn a $50 bonus after your first purchase within the first 3 months from account opening.
- Annual reward.
Earn a $20 reward for each account anniversay year for your first five years.
- Credit limit increase.
Chase will grant an automatic credit limit increase after you make five on-time payments within 10 months of account opening.
What to watch out for
- Fewer earning categories.
Despite the name, the Chase Freedom® Student credit card doesn’t offer the revolving 5% earning categories offered by the standard Chase Freedom®.
- Student only.
As the name suggests, you need to be a student to apply for this card.
- In-branch offer only.
You’ll need to apply for the Chase Freedom® Student credit card from your local Chase branch.
How to apply for the Chase Freedom® Student credit card
Currently, the only way to apply for the Chase Freedom® Student credit card is in-person at your local Chase bank. Information on rates and fees however is available on Chase’s website.
What credit score do I need?
Since this is a student card, you’ll need either zero credit history or a good to an excellent credit score of 670 or higher to qualify.
Compare student credit cards
Chase’s first foray into the student credit card field is a respectable one, as the opportunity to start building Chase Ultimate Rewards points is valuable if you plan on sticking with Chase long-term.
That said, there are other great student cards out there, several with better reward opportunities. Review your student credit card options to find one that best suits your preferences.