Chase Freedom® Visa – $200 Bonus Cash Back, is a solid cash rewards credit card issued by JPMorgan Chase, offers a $200 Bonus Cash Back for new account holders, which is one of the greatest in the market right now. This card is designed for those of you who want to earn cold hard cash in return for your spending; an excellent deal in which consumers can get up to 5% cash back on their purchases, and a flat 1% cash back on all others.
This review covers the pros and cons of the Chase Freedom® Visa – $200 Bonus Cash Back so that you can decide for yourself if this is the best cash rewards card for your personal finances. As a prime cash back card, you need good to excellent credit in order to apply for the Chase Freedom® Visa – $200 Bonus Cash Back.
Things We Like About This Card
No annual membership fee. You don’t have to pay any annual fee to enjoy the cash back rewards and other great cardholder benefits of Chase Freedom.
Receive $200 bonus cash back. This is one of the best deals this card has to offer. You will receive this $200 cash back bonus after spending just $500 in your first three months of having this card. This $500 spend can be in the form of purchases, balance transfers or checks.
Receive 5% cash back in quarterly rotating categories, up to $1,500 each quarter (this is the catch!). 5% cash back is a lot, and this is one of the most attractive benefits this card has to offer. This 5% deal actually averages out to 2% cash back on every category throughout the year, if you take into account a 1% cash back on 3 quarters for the year! You’ll be notified in advance which categories you will be able to benefit from each quarter and can then plan your spending for that year. It can help you save a lot of money if you use it to your advantage. The catch: you must enroll for each quarterly 5% program!
Receive 1% cash back on all other purchases. This is a fantastic offer as 1% applies to all your spending, without any spending tiers or minimum/maximum cash back limit! Not something you’d find in other no-fee cash back cards.
Up to 10% cash back at selected merchants when shopping online through Chase.
No earning limit and cash rebates never expire. Accumulate as much cash back as you want, and without worrying if and when they expire. There are also no spending tiers.
Chase Blueprint feature included for free. The Blueprint program has certain features which helps you repay your balances faster and save on interest. For example, you can choose to pay in full for certain types of purchases each month like gas or groceries so you don’t pay any interest on them, even though you already owe a balance.
Our Least Favorite Things About This Card
No 0% introductory APR on purchases or balance transfers. Your annual percentage rate is from 15.99% to 22.99%, depending on your credit score. If you pay your balances in full by the due date each month, you won’t have to pay any interest. If you prefer a card with 0% intro APR, you could go for the Chase Freedom® Visa $100 bonus offer which has 0% intro APR for 6 months on purchases and for 12 months on balance transfer. Otherwise, the Chase Freedom® Visa – $200 Bonus Cash Back card is such a solid credit card that we don’t really dislike anything about it – and that’s rare for us to say.
The Chase Freedom® Visa – $200 Bonus Cash Back is a great cash back credit card to get if you like cash rebates. A nice incentive offered to new card members is that you get a $200 check after you’ve spent $500 within the first 3 months of account opening – a big plus since you only need to spend less than $167 per month in order to get the $200 bonus! The best thing about Chase Freedom is that you get 5% cash back on quarterly rotating categories, which can save you a lot of money if you plan your spending ahead of time.
As a Visa card, you will be able to use this card almost everywhere in the world. Grab the Chase Freedom® Visa – $200 Bonus Cash Back card offer while it is still available!
