Chase Freedom® Student Credit Card Review

The Chase Freedom® Student credit card offers a $50 welcome bonus, earns 1% cash back on all purchases, and has no annual fee. This card is straightforward and easy to use, making it the perfect choice for Students.
  • Annual Fee:
    $0
  • Regular APR:
    14.99% Variable APR
  • Recommended Credit Score:
    670 - 850

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Being a student can be stressful. You have many responsibilities on top of getting an education. Chase would like to make it a little easier for you.

The Chase Freedom® Student Card is a credit card specifically for students. Without the need of having a credit history, you can be approved for the Chase Freedom® Student Card that will allow you to earn unlimited rewards with minimum fees.

Chase Freedom® Student Credit Card Pros and Cons

Pros:

  • The Chase Freedom® Student Card has no annual fee.
  • You receive 1% cash back on all purchases.
  • There is a welcome bonus of $50 when you make your first purchase within 90 days.
  • You will receive a $20 reward on your card anniversary date for five years
  • You are eligible for a credit limit increase after you make 5 payments on time.
  • The Chase Freedom® Student Card gives you access to your credit score for free.
  • Low regular APR at just 14.99%
  • Chase Freedom® Student Credit Card has both the chip and the touchless technology.
  • The Chase Freedom® Student Card Partners with DoorDash that will allow you to receive a complimentary 3 months of DashPass, DoorDash’s subscription service that provides unlimited deliveries for a $0 fee on eligible orders over $12.
  • The Chase Freedom® Student Card has partnered with Lyft allowing you to earn 5% cash back when you book a ride with Lyft using your Chase Freedom® Student Card.
  • New purchases paid for by your Chase Freedom® Student Card are covered for 120 days against damage and theft, up to $500 per claim.
  • You will receive an additional year of warranty protection on eligible purchases when you purchase the product with your Chase Freedom® Student Card.

Cons:

  • There is no introductory APR on the Chase Freedom® Student Card.
  • There are no special categories that allow for higher cash back rewards which are common on many other credit cards.

Chase Freedom® Student Credit Card Review

Chase Freedom® Student Credit Card offers an easy-to-understand rewards system with low fees.

  • Annual Fee: There is no annual fee for the Chase Freedom® Student Credit Card.
  • Regular APR: Although there is no introductory APR discount, the regular APR rate on the Chase Freedom® Student Credit Card is low at 14.99%.
  • Sign-Up Bonus: You will get a $50 bonus when you make your first purchase within 90 days.
  • Rewards: In addition to the $50 bonus, you will earn 1% cash back on all purchases.

Chase Freedom® Student Credit Card Rewards

Earning and redeeming rewards on the Chase Freedom® Student Credit Card is easy.

Earning Rewards

You will earn $50 when you make your first purchase within 90 days of opening your account. You will also earn 1% on all purchases.

Chase Freedom® Student Credit Card has partnered with DoorDash, which gives you 3 months of Dashpass.

Chase Freedom® Student Credit Card has also partnered with Lyft, where you earn 5% cash back on all Lyft rides when you pay with your Chase Freedom® Student Credit Card.

Redeeming Rewards

You can redeem your Chase Freedom® Student Credit Card rewards for cash, statement credits, gift cards, and even travel.

If you link your Chase Freedom® Student Credit Card to your Amazon.com account, you can instantly redeem your Cash Back rewards to pay for all or part of your eligible Amazon orders.

Not sure which reward to get, no worries as rewards do not expire on your Chase Freedom® Student Credit Card!

Chase Freedom® Student Credit Card Features and Benefits

No Annual Fees

Chase Freedom® Student Credit Card has no annual fees.

Simple Cash Back Rewards

Unlike other credit cards, Chase Freedom® Student Credit Card has a simple rewards program in that all transactions qualify for 1% cash back.

Access to Chase Credit Journey

Chase Freedom® Student Credit Cardholders get unlimited access to check their credit score via the Chase Credit Journey site.

No Credit History Required to Apply

Since the Chase Freedom® Student Credit Card is for students, having a credit history is not needed. However, as with all credit cards, the better your credit history, the best the rates, and the higher the spending limit you could receive.

Begin Building Credit

Once you start using your Chase Freedom® Student Credit Card and making payments, you will see your credit score increase as Chase reports to all three credit bureaus for you.

How Does the Chase Freedom® Student Credit Card Compare?

Now that you know more about the Chase Freedom® Student Credit Card, here are some alternatives and how they compare to the Chase Freedom® Student Credit Card.

#1. Chase Freedom® Student vs. Discover it® Student Cash Back

Similar to the Chase Freedom® Student card, Discover it® Student Cash Back card is for students with little to no credit history.

Discover it® Student Cash Back card offers a credit limit of at least $500, and the limit will depend on the overall credit history, as will your APR rate.

Discover it® Student Cash Back card rewards good students by giving a $20 statement credit each year, up to five years when the student’s GPA is 3.0 or above.

Discover it® Student Cash Back card also reports to all three credit bureaus so you can increase your credit score by making payments on time.

#2. Petal® 2 “Cash Back, No Fees” Visa® Credit Card vs. Chase Freedom® Student

Petal® 2 “Cash Back, No Fees” Visa® Credit Card takes the no fees to the extreme! You will not incur fees for late payments, annual fees, or international fees.

Higher credit limits up to $10,000 are known to be given too. However, you will only earn 1-1.5% cash back, and there are no matching rewards or special offers.

There is also no introductory APR, and the regular APR can be as high as 26.99%. Your rewards can be redeemed as statement credits in your Cash Back Wallet unless you have more than $20 in rewards, at which time you can request an ACH deposit of your rewards.

#3. Discover it® Student Chrome vs. Chase Freedom® Student Credit Card

Discover it® Student Chrome card is the other card Discover offers to students. With the Discover it® Student Chrome card, you will earn 2% cash back on purchases at gas stations and restaurants and 1% cash back on all other purchases.

Have a GPA of 3.0 or higher and earn you a $20 statement credit each year, up to five years. All the cash back rewards you earn the first year will be double by Discover it® Student Chrome, so if you earn $500 the first 12 months, they will match it with another $500.

Frequently Asked Questions

Here are some frequently asked questions about the Chase Freedom® Student Card.

Is the Chase Freedom® Student Card Good?

Offering a $0 annual fee with an incredibly low 14.99% APR for students, the Chase Freedom® Student Card is a great first credit card. You will earn $50 when you make your first purchase as long as you do it within the first 90 days.

You will also earn unlimited 1% cash back on all purchases. Making payments on time every month will also boost your credit score as Chase Freedom® Student Card reports to all three credit bureaus.

Do You Have to be an Enrolled Student to Get the Chase Freedom® Student Credit Card?

You do need to be enrolled as a student to qualify for the Chase Freedom® Student Card. However, once you graduate, you can continue using your card.

What Happens to My Chase Freedom® Student Card After Graduation?

As long as you are a Chase Freedom® Student Card member prior to graduation, you can continue using your card after graduation.

Once you graduate, contact Chase and update your information (address, phone number, income, etc.,) and you might qualify for a credit limit.

Bottom Line: Chase Freedom® Student Credit Card Review

If you are a student with little to no credit history, the Chase Freedom® Student Card is a great option. Your approval odds are high, and the Chase Freedom® Student Card will also help you boost your credit score as long as you make payments on time because they report to all three credit bureaus.

You will earn a $50 bonus just for using your card within 90 days. You will receive 1% cash back on all purchases with flexible redemption methods.

Being a Chase Freedom® Student Cardmember also gives you a free 3-month membership to DoorDash as well as 5% cash back on Lyft rides when you book a ride using your Chase Freedom® Student Card.

You get all of these benefits and much more, with a $0 annual fee and a low 14.99% APR.

Brian Latchford
Brian Latchford

Brian is a serial entrepreneur that loves financial technology and personal finance. From working with start-ups to creating his own recruiting company, Brian knows first hand what it takes to manage money. Throughout his career, Brian has become a respected writer covering topics in personal finance, business, and financial technology.