Reviews

Chase Freedom Rise Review: As Good As A Credit-Builder Card Gets

Chase Freedom Rise℠: Earn rewards and build credit with no annual fee. Ideal for credit newcomers.

Rickie C. Keys, Ph.D., MPH

23 Mar 2024 — 1 min read

Features

Annual Fee: $0, eliminating the worry of recurring charges.
APR: 26.99% Variable APR, emphasizing the importance of paying balances in full.
Rewards: 1.5% cash back on all purchases, offering a straightforward way to earn rewards.
Credit Score Range: Ideal for individuals with good to excellent credit scores (690-850).

Benefits

No Credit History Required: Accessible to applicants without a credit background, making it a solid option for newcomers.
Credit Limit Increase: Opportunity for a credit line boost within just 6 months, supporting improved credit utilization ratios.
Cash Back Rewards: An uncapped 1.5% cash back on all purchases, distinguishing it from other credit-builder cards.
Sign-up Bonus: A modest but welcoming $25 statement credit after enrolling in automatic payments within the first three months.

Drawbacks

Sign-up Bonus: A modest but welcoming $25 statement credit after enrolling in automatic payments within the first three months.
High APR: Carries a 26.99% Variable APR, which can be expensive for those carrying a balance.
No Intro APR: Lacks introductory interest savings commonly found in other cards.
Credit Building Only: Not suited for those looking to rebuild credit; ideal for new credit users only.

Product Summary

The Chase Freedom Rise℠ emerges as a standout credit-builder credit card, especially suited for individuals with little to no credit history. It blends the utility of earning rewards with the foundational goal of building a solid credit profile. The absence of an annual fee and a competitive cash-back rate make it a cost-effective choice. While the card's high APR encourages disciplined spending and full monthly payments, its features and benefits provide a valuable pathway for credit newcomers to grow their financial footing. With Chase Freedom Rise℠, stepping into the world of credit is not just about building credit; it's also about earning rewards along the journey.

Apply Now!

Insurance: Protecting Your Financial Future

Introduction Insurance is essential for protecting yourself and your family from unexpected financial burdens. This blog post will guide you through understanding different types of insurance and choosing the right policies and strategies to manage insurance costs effectively. By the end, you’ll have the knowledge to secure your financial

Identity Theft: Safeguarding Your Financial Future

Introduction Identity theft is a growing concern in our digital age, and protecting your personal information is essential to safeguarding your financial future. This blog post will guide you through best practices for protecting your identity, monitoring for identity theft, and recovering if your identity is stolen. By the end,

Home Ownership: A Journey to Financial Security

Introduction Owning a home is a significant financial milestone and a key component of financial security. This blog post will guide you through home-buying, managing home expenses, and exploring real estate investment opportunities. By the end, you’ll have the knowledge to make informed decisions about home ownership and build

Creating Wealth: Strategies for Long-Term Financial Success

Introduction Building wealth involves making informed investment decisions and understanding the long-term strategies that can lead to financial success. This blog post will guide you through different types of investments, the importance of risk and diversification, and key strategies for creating wealth. By the end, you’ll have the knowledge