NEW YORK—Chase Bank has launched Chase Freedom Rise, a no-annual-fee rewards card that the bank said is specifically designed for those who are new to credit.
The card earns flat-rate cash back on all purchases and those who have a Chase checking account with at least a $250 balance will have the best chance of approval, Forbes reported.
The Chase Freedom Rise earns a flat 1.5% cash back on every purchase. Unlike the other Chase Freedom cards, there are no bonus categories to speak of. Still, that’s a strong earnings rate for a starter card that doesn’t charge an annual fee, according to the report.
Points Earned
Cash back is earned as Chase Ultimate Rewards points. In addition to redeeming them for statement credits, points can be used to book travel through Chase Ultimate Rewards, buy gift cards, shop with select merchants or redeem for dining experiences.
The Forbes report added that cardholders can earn $25 by enrolling in autopay within their first three months with the card. They can also check their credit score for free with Chase Credit Journey and access educational resources to help them reach their credit-building goals faster, Forbes said.
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