Cardholders will receive 5 percent cash back on up to $1,500 in spending each quarter. The 5 percent is good in popular categories that rotate quarterly. For example, in the current quarter, the categories are dining, department stores, movie theaters and charities. All other purchases will qualify for 1 percent cash back. The amount of cash back that customers can earn is unlimited and never expires.
For those that are willing to shop through Chase’s website, up to 10 percent cash back is offered for purchases.
The Chase Freedom MasterCard offers a 0 percent APR on balance transfers that are made within 30 days of account opening. This offer is good for 12 months following the balance transfer.
This card also comes with a 0 percent APR on purchases for 6 months. After that, the APR will be variable and anywhere from 11.99 to 22.99 percent.
There is no annual fee with this card. For those who travel abroad, note that there is a 3 percent foreign transaction fee with the Chase Freedom MasterCard.
The rest of the fees and APRs are similar to those that are found on many other credit cards.
If you plan to do a lot of holiday shopping in the coming weeks, this card offers strong rewards. You’ll probably spend at least $500 over the next 3 months, so that $200 bonus will be coming your way. Also, with clothing always being a hot item during the holiday season, the 5 percent cash back on department store purchases will help soften the blow to your wallet. Additionally, with no annual fee and a 0 percent introductory APR on purchases, you won’t get nailed with hefty fees early on. If you are in the market for a credit card this holiday season, this is 1 that you should strongly consider.