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Chase Freedom Card

September 22nd, 2010 at 06:50 pm

I am a dedicated credit card user who is in it for the rewards. While some folks are adamantly opposed to using credit cards, it has never created a problem for me. I closely monitor my transactions and my credit card balance is paid in full each month. Most transactions are budgeted items that I would have had to pay for one way or another. Paying my card is done with a few clicks via the "bill-pay" option.

A few months ago I switched from a card that had a $75 annual fee (an airline card) to the no-fee Chase Freedom card. Since I'm already a Chase customer, it's easy to monitor my card online. Plus, I get extra points for each transaction, bonus points at selected merchants, and 5% back this quarter on department stores, movies, and groceries.

Today, I logged on to the Chase Freedom Ultimate rewards site and in less than a minute used 2,500 points to request $25 in cash to be transferred to my Chase savings. I like how easy it is to access my rewards and how quickly they add up. For example, in the last two months I had less than $1,900 in transactions but earned over 3,400 in rewards.

Posted in Saving Money | 7 Comments »

7 Responses to “Chase Freedom Card”

  1. MonkeyMama Says:
    September 22nd, 2010 at 07:06 pm 1285182406
    1285182406

    I have the chase freedom too. I am still getting $250 cash for every 200 point redemption (knock on wood - as they have phased it out heavily).

    I am earning more on spending than savings, these days, with these rewards. Usually $500-$750 per year in cash redemptions.

  2. retire@50 Says:
    September 22nd, 2010 at 08:03 pm 1285185822
    1285185822

    I also have that card and agree that using credit cards for rewards is a smart money management tool as long as you do it right.

  3. Aleta Says:
    September 22nd, 2010 at 08:46 pm 1285188394
    1285188394

    I have the card also and I've always been pleased with Chase and I do love the rewards. If you're going to spend the money anyway or pay upcoming monthly bills; you might as well make something on it. It may only be 1% but that is better than what some banks are giving you.

  4. baselle Says:
    September 22nd, 2010 at 11:36 pm 1285198593
    1285198593

    I have a Chase card. I'll check out this aspect of it. The other twist that I like about the card is that it tells you what your FICO score is, like the old WaMu card used to.

  5. dmontngrey Says:
    September 23rd, 2010 at 05:28 pm 1285262904
    1285262904

    That's our daily spender card, but we're still grandfathered under an old rewards card that has 5% on gas and groceries. Big Grin So gas and groceries on one, everything else on the Freedom.

  6. Jerry Says:
    September 24th, 2010 at 08:48 pm 1285361336
    1285361336

    I think the difference is that you use your credit cards, which leads them to have no control over you... rather than the other way around. Once the credit card companies start using you, then you have no more insurance that they won't control your financial destiny. You obviously have the discipline to manage this well! Way to go...
    Jerry

  7. Autarchist Says:
    March 4th, 2011 at 12:44 am 1299199484
    1299199484

    This specific card you mention can be activated by anyone, without verification. So they can take it from the mail, before you even receive it and just start spending your credit.

    Whilst some of the posters may be advertisers for Chase, and really want you to try this card, I would suggest that anyone seriously considering this card be aware and be VERY CAREFULl about where you have it mailed to, lest you experience really easy fraud and id theft.

    Chase is aware of this huge security vulnerability and has no plans to change it.
    Better choice would be to support a local bank or credit union instead.

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