Chase Freedom Rise®

Issuer

Chase

Network

Visa

Regular APR

26.24%

Credit Score

690 - 850 (Good - Excellent)

Rewards Rate Details

Earn Cash Back - With Chase Freedom Rise®, you can start building credit while earning 1.5% cash back on all purchases.

Intro Offer Details

Earn a $25 statement credit after signing up for automatic payments within the first three months of opening your account.

Pros

• No annual fee
• Introductory promotional offers with fixed APRs for certain durations
• At least 21 days grace period to avoid interest on new purchases if the balance is paid in full
• No minimum interest charge
• Fixed monthly fee for "Pay Over Time" with no interest
• Transparent terms and conditions with detailed disclosures
• Military Lending protections capping APRs at 36% for Armed Forces members

Cons

• High purchase APR
• High cash advance APR of 29.24% and fees (either $10 or 5% of the transaction amount)
• Penalty APR up to 29.99% that can remain indefinitely for late or returned payments
• Balance transfers are subject to fees (either $5 or 5%, whichever is greater) and may not be eligible for all accounts
• Foreign transaction fee of 3%, making it less suitable for international use
• Late and returned payment fees up to $40
• No rewards or cashback program mentioned
• Monthly fee of up to 1.72% for using the Chase Pay Over Time feature
• Variable terms based on creditworthiness, potentially leading to less favorable terms
• Complex fee structures, including multiple layers of transaction and plan fees