The Chase Freedom Rise is a starter credit card that offers 1.5% cash back rewards. It has no annual or monthly fees, and no minimum deposit is required after approval. 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.
This credit card review will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.
Welcome Bonus of Freedom Rise
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 with Freedom Rise
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.
Benefits of Freedom Rise
Here are the currently anounced benefits for the Freedom Rise:
120-Day Purchase Protection: Get 120 days of protection against damage, theft, and even loss of your purchases – one of the longest windows available. This premium coverage automatically applies when you pay with your card.
Extended Warranty Protection: Your purchases gain an extra year of warranty protection when bought with this card, extending manufacturer warranties of three years or less without the inflated prices of store warranty plans.
Trip Cancellation & Interruption Insurance: This protection reimburses you for non-refundable, prepaid travel expenses if you need to cancel before departure or cut your trip short due to covered situations like severe illness or weather events. Coverage activates when you pay for your trip with the card, but it’s important to note that reimbursement only applies for specific covered reasons rather than any cancellation.
Credit limit increases: Cardmembers will be evaluated for credit limit increases as soon as six months.
Pros and Cons of Chase Freedom Rise
Here are the advantages and disadvantages of this card:
Pros:
- 1.5% cash back is good for a starter card.
- No annual fee.
- Travel and Purchase protections.
Cons:
- Very small welcome bonus.
- Foreign transaction fees.
Alternatives to the Chase Freedom Rise
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Chase Freedom Unlimited®
The Chase Freedom Unlimited® (review) sets itself apart with 1.5% back on non-bonus purchases, plus higher rewards in select categories including dining and travel. This flexible rewards card becomes even more valuable when paired with a premium Chase card, allowing you to transfer your rewards to travel partners. Welcome Bonus: bonus_miles_full Earning Cash Back: 5% back on travel purchased through Chase Travel℠; 3% back on dining at restaurants, including takeout and eligible delivery services; 3% back on drugstore purchases; 1.5% back on all other purchases CaBenefits: Purchase protection, extended warranty, trip cancellation and interruption insurance, secondary rental car insurance, and 0% intro APR for 15 months from account opening on purchases and balance transfers, after that reg_apr,reg_apr_type APR applies; 
Blue Cash Everyday® Card from American Express
The Blue Cash Everyday® Card from American Express (review) offers 3% cash back on up to $6,000 per year in eligible purchases at U.S. supermarkets, U.S. online retailers, and U.S. gas stations, plus credits for eligible subcriptions. Welcome Bonus: Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Earning Rewards: 3% cash back at US Supermarkets, US online retail purchases, and US gas stations; 1% back on all other eligible purchases. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout. Card Benefits: Eligible subscription credit (earn $7 back as statement credit for a subscription purchase, including a bundle subscription purchase, at Disneyplus.com, Hulu.com, or Plus.espn.com U.S. websites; enrollment required), secondary rental car insurance, and purchase protection.
Capital One Savor Cash Rewards Credit Card
The Capital One Savor Cash Rewards Credit Card (review) offers generous rewards with no annual fee, including bonus earnings on dining, entertainment, streaming services, and groceries. You’ll enjoy the flexibility to redeem your rewards as cash back or convert them to travel miles when paired with select Capital One cards, making this an excellent choice for both casual spenders and travel enthusiasts.
Welcome Bonus: bonus_miles_full
Earn Rewards: 8% cash back on Capital One Entertainment purchases; 5% cash back on hotels and rental cars booked through Capital One Travel; 3% cash back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services; 1% cash back on all other eligible purchases.
Card Benefits: Extended warranty, secondary rental car insurance, price protection, no foreign transaction fees, and 0% intro APR for 12 months on purchases and balance transfers, after that a reg_apr,reg_apr_type APR.
Is the Chase Freedom Rise Worth It?
The Chase Freedom Rise could be a good option for those with limited credit histories, but if you have a better credit history, then I would recommend the Chase Freedom Unlimited®.
For rates and fees of the Blue Cash Everyday® Card from American Express, please click here. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
