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Chase Freedom Student Card Coming in June

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Chase Freedom Student

Chase Freedom Student Card Coming in June

Chase has a new version of its popular Freedom card in the works. Thew new card is called Freedom Student and should be launched on June 9th. It’s not a very exciting product, but should be an easier option for those with lesser credit.

Card Details

Doctor of Credit posted the details of this new card. This is a card for students 18 or older only and it’s a regular credit card, not a secured card. Here’s what we can expect:

  • $50 signup bonus after first purchase within 3 months
  • Good Standing reward of $20 (2,000 Ultimate Rewards points) for 5 years at the account anniversary date, as long as the card is open in good standing
  • No annual fee
  • 1% cashback on all purchases (no rotating categories like the regualar Chase Freedom card)
  • If you graduate or stop going to school, you’ll continue receiving all the same benefits as before
  • Automatic credit limit increase after 5 on-time payments within the first 10 months

Conclusion

This is a decent card for students that comes with a $50 bonus, and a $20 annual bonus for the first five years. That’s a total of $150 or 15,000 Ultimate Rewards points. Not huge, but it’s something for student that probably do not have many credit card options at first. Sadly Chase is not offering 5% rotating categories on this card.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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