Chase Freedom Card

REVIEW: This is by far our favorite new rewards card here at RewardsCards.com. If I had to list my favorite rewards cards this one would be at the top of the list. There is a reason the card has the word freedom in its name. This card gives you a true freedom to get gas, clothes, and anything you want and get the highest rewards compared to other leading rewards cards. There are only two other cards that even compare to this card and that is the Simplicity and Chase Perfect Card.

This is the best credit card I have ever seen and gives you a full 3% back for your spending in 3 categories.  My top 3 spending does not include gas but it includes restaurants, shopping, and advertising purchases (I am not sure what category that would be if any).  Yours might be drugstores, grocery stores, and gas.

You get 1% back on everything else and if the 3% purchases add up to more than $600 each month it goes to 1% for those purchases after that in the top 3 categories.   I still cannot find out how to redeem the cash.  I do not see anything about redemption so I assume its either you sign into your chase account online to get a check or its automatically credited or you redeem online through the Chase website.

Update May 13, 2009 - The Chase website has changed the Freedom Card now and it is totally different than it was at the time of our first review.  This card seems to change every few years.  You have to really keep on top of the terms to know what you are getting before you apply for this card.

The new version of the Freedom card only gives you this 3% back at gas stations and grocery stores and restaurants for a period of 6 months.  They then do something similar to the Discover More card where they do a quarterly 3% on their retail category they assign.  In other words, the Freedom Card you can apply for on the Chase website is different than the one we used to market on this site and different than the one I hold in my wallet now.

Other Chase Freedom Options for Businesses and Checking account Consumers:

If you have money in a Chase checking account your best option is a Chase Freedom Card for Business.  A rep told me it was 2 points for your top 5 places, no cap. One point for everything else. A flyer we found online says that Maximum bonus accumulation is $40 per pilling cycle, equating to $2000 in net purchases. (different from the maximum of $12 on my personal Freedom Card, but $40 still isn't a lot.).

This card sounds better than what I get currently on my card that I opened 2 years ago. The "no cap" he was referring to was the 1 point earnings. this clearly caps at 4000 a month for maximum bonus ($2000 in purchase, $40 rebate) which is only a $480 more a year in larger rebates, compared to earning just 1 point for everything. they make it sound like it is a huge deal, which it would be if there were no caps.

What have others said about this card?

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