Chase Freedom Student credit card
The Chase Freedom Student credit card offers 5% cash back in the spinning category of up to $ 1,500 in combined purchases when you activate. You also get an unlimited 1% cash back on all other purchases. All rewards are earned as points redeemed for cash or gift cards. Currently, those categories are Amazon Prime membership services, grocery stores and wholesale clubs (excluding Target and Walmart ), restaurants and PayPal purchases.
Chase Student Credit Card Benefits
There are several benefits of a Chase student credit card. First, it is designed for students with limited credit history and low incomes. There is less risk involved in using this type of credit card. Second, the interest rate charged on the balance is usually lower than other cards, making it easier for students to pay the balance from time to time. Lastly, there are no annual fees associated with this type of credit card.
Weaknesses of Chase Student Credit Cards
There are some drawbacks to Chase student credit cards as well. One of these disadvantages is that the application process can take longer compared to other types of cards. Also, some people don’t like their names and Social Security numbers displayed on their monthly statements. Finally, there may be annual fees or other charges associated with the use of this type of credit card.
Chase Student Credit Terms and Conditions
If you are a college student, you may have received an offer from Chase for one of their student credit cards. It is important to read the terms and conditions carefully so that you get the most out of your card. Here are some important things to keep in mind:
- grace period – The grace period is the time between when you make a purchase and when you will be charged interest. Most credit cards give you at least 20 days before interest is charged, but check your offer to make sure.
- Annual fee – Some cards charge an annual fee, usually waived in the first year. Check your offer to determine if there will be an annual fee after the first year and how much it will cost.
- Interest rate – Your interest rate determines the amount of interest you have to pay for purchases that are not paid in full each month.
- Fixed APR – You should also know the type of APR (annual percentage rate) used on your account so that you can compare it to other cards. APR remains unchanged unless there is an important event in life such as bankruptcy or divorce. This is a good option if you want to know exactly how much benefit you will get.
Conclusion
Chase is a great credit card with lots of benefits, and it’s the best option, in my opinion. If you don’t have a credit history, it’s hard to get a credit card. That’s why I would recommend getting Chase first. If you get a chase credit card, you can apply for any other card and more easily get the freedom to chase. If you wish to obtain a Chase student credit card or Chase student account, you must ensure that you do not have an existing Chase credit card and account. This means no activity on the account, no balances and no historical transactions with Chase. Only then will you qualify.
