![]() ![]() Transfer partners are by far Chase’s most valuable redemption option. The Chase Freedom Student is not for you if either of these options is better than points. This is the best-case scenario if you have the card by itself. Sometimes, Chase discounts some of their gift card options, enabling cardholders to redeem for more than 1 CPP. The other option is to redeem for gift cards at 1 CPP. Points are worth 1 CPP when redeemed for cash back. ![]() Chase has multiple options for points redemption: Cash Back & Gift CardsĬash back is one of just two redemption options if you have the Freedom Student by itself. But Chase is rewarding you for good credit, not good grades.Įarning points is fantastic, but points earned are useless if you cannot redeem them for anything of value. This is like the 3.0 GPA bonus from the Discover It for Students. Chase will reward you with 2,000 UR points (or $20) each year you keep your account in good standing. This is the easiest Chase sign-up bonus to earn, but its also the least valuable.įurthermore, the Freedom Student card has a built-in incentive to build your credit responsibly. You can earn the points after making one purchase in the first 3 months. The Freedom Student card has a sign-up bonus worth 5,000 UR points (or $50 cash back). The ability to transfer points is the most powerful feature Chase has to offer, especially if you want to travel in the future. This is because you can transfer the points from your Freedom Student account to either a Chase Sapphire or Ink Business Preferred account. Maximizing points will come upon acquiring more Chase cards. The two exceptions are the Freedom Unlimited and the Ink Business Unlimited.įortunately, UR points can be worth more than 1 cent per point (CPP). Almost every other UR-earning Chase card also earns one point per dollar on all purchases. It earns only one Ultimate Rewards (UR) point (or 1% cash back) per dollar on all purchases. The Chase Freedom Student card has a simple earning structure. Furthermore, the Freedom Student card is a way for students and young adults to be mentored about personal finance and credit cards by a Chase banker. It is also huge for Chase as they build relationships with Generation Z. This can be huge for students and young adults who build their credit wisely and responsibly. One purpose of the Chase Freedom Student card is to give students and young adults a chance to get into the Chase “ecosystem”. Launched in June 2019, it’s also a nice alternative for those who are starting out and building their credit. And 1.5x Ultimate Rewards everywhere is pretty good on its own.The Chase Freedom Student card serves as Chase’s foray into the growing student card market. ![]() The points will then tie into their regular Ultimate Rewards balance when they eventually build up their credit and get the better Chase cards. The fact that the card earns Ultimate Rewards points makes it a good starter card to advise someone who has no credit, e.g. It’s still unclear if the new Freedom Rise card will be available online or in-branch only.(That card is live right now online, 6/6/23, at this link.) Existing Freedom Student cardholders will continue to be serviced as before, and do not have to transition to the Freedom Rise. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |