Chase Freedom Card What To Consider Before Getting One
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By :
Stephanie Andrews
Submitted
2009-11-19 18:25:09 |
There are many different credit cards to choose from on today s market. While some cater to those with poor credit, others are geared for people with a high credit score. Still others are designed for those with an average rating.
If you ve seen commercials for the Chase Freedom Card, you may be wondering if it is just another advertisement, full of promises but short on delivery. The truth is that the Chase Freedom Card is a card, just like many others on the market. Here are some things to consider before you fill out an application for one.
Cash Back Program
Currently, the Chase Freedom Card has a rewards program that works in a number of ways. You will receive 1 percent cash back on every purchase. The card also includes 3 percent cash back in different categories, such as gas and department stores, at different times during the year. In addition to these, Chase includes a system that will give you 10 to 20 percent cash back when you make certain purchases online.
Other Bonuses
Besides the cash back program, you can expect to receive some other benefits when you sign up. Your first purchase, for instance, will bring in $50 in the form of cash back. Those that apply can also expect a beginning period during which time no interest will be charged to the account. This can range from three months to 12 months, depending on the cardholder s credit history.
The interest rate for the Chase Freedom Card can vary by account, and is based on your credit past. While the actual rate can change, it is probably considered to be in the average range for rewards credit cards in today s market.
More to Consider
Applying for a credit card is a large step in the credit world, and not one to take lightly. If you ve had problems with credit in the past or have a low score, you may find it difficult to get approved for the Chase Freedom Card. If this is your situation, you ll want to look for a card with different benefits, such as a low interest rate or a free balance transfer option.
If you ve recently applied for bankruptcy, you ll want to look for a card that is geared toward customers with bad credit. After you ve built up your credit you may consider looking at a card that includes rewards, like the Chase Freedom one.
The Importance of the Fine Print
Just like any other credit card, the Chase Freedom Card has a list of terms and conditions attached to it. It s important to read the fine print to understand what is all involved. This way you ll know what to expect as far as interest rates and other charges.
When it comes to credit cards, the Chase Freedom Card is just one of the many options in today s market. Whether or not it is a card for you is a personal decision. Take into consideration your current standing and what you need in a card. Then look on the market and make a decision based on the information you have available.
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Author Resource:-
Click the following link to find the Chase Freedom Credit Card: http://www.creditcardcity.com/chase-freedom-credit-card-applications.aspx Stephanie Andrews is a contributing editor of the website http://www.CreditCardCity.com , a directory of credit card offers.
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