The Chase Freedom Rise recently launched on June 11, 2023, and is now available in-person at Chase branches, with online applications coming in early 2024.
The card earns 1.5% cash back on purchases and is designed for someone who wants to build their credit when applying for their first card.
Cardmembers can increase their chances of getting approved by opening or having a Chase bank account with at least $250 within 48 hours of the application.
Welcome Bonus
The Chase Freedom Rise currently offers the following welcome bonus:
Earn $25 statement credit after signing up for automatic payments within the first three months of account opening.
Earning Rewards
The Chase Freedom Rise earns 1.5% cash back on all purchases.
The rewards will be earned as Chase Ultimate Rewards points, which can be redeemed for cash back, travel, gift cards, and more.
It is also likely that if cardholders eventually get the Chase Sapphire Preferred® Card, you will likely be able to pool your points to unlock transfers to airline and hotel partners.
No Annual Fee
The Freedom Rise card has no annual fee.
Card Benefits and Perks
Here are the currently anounced benefits for the Freedom Rise:
- 24/7 Fraud Monitoring: Round-the-clock monitoring for unusual credit card purchases.
- Credit limit increases: Cardmembers will be evaluated for credit limit increases as soon as six months.
- Purchase Protection: Card purchases are covered against theft or damage up to $500 per claim and $50,000 per account.
