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Chase Freedom® Student credit card review

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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.

$50

Welcome offer

Up to 1%

Cash back

$0

Annual fee

14.99%

Purchase APR (variable)

Details

Product NameChase Freedom® Student credit card
Card typeVisa
Annual fee$0
Purchase APR14.99% variable
Balance transfer APR14.99% variable
Balance transfer fee$5 or 5% of the transaction, whichever is greater
Cash advance rate24.99% variable
Cash advance fee$5 or 10% of the cash advance amount, whichever is greater
Foreign transaction fee3% of the transaction value
Rates & feesrates & fees

Expert review

Steven Dashiell

Review by


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.

Expert review

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.

Card benefits

  • 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.

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Bottom line

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.

Frequently asked questions

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