Chase Freedom Card What to Consider before Getting One

There are many different credit cards to choose from on today's market. While some cater to those with poor credit, others are geared for people with a high credit score. Still others are designed for those with an average rating.

If you've seen commercials for the Chase Freedom Card, you may be wondering if it is just another advertisement, full of promises but short on delivery. The truth is that the Chase Freedom Card is a card, just like many others on the market. Here are some things to consider before you fill out an application for one.

Cash Back Program

Currently, the Chase Freedom Card has a rewards program that works in a number of ways. You'll receive 1 percent cash back on every purchase. The card also includes 3 percent cash back in different categories, such as gas and department stores, at different times during the year. In addition to these, Chase includes a system that will give you 10 to 20 percent cash back when you make certain purchases online.

Other Bonuses

Besides the cash back program, you can expect to receive some other benefits when you sign up. Your first purchase, for instance, will bring in $50 in the form of cash back. Those that apply can also expect a beginning period during which time no interest will be charged to the account. This can range from three months to 12 months, depending on the cardholder's credit history.

The interest rate for the Chase Freedom Card can vary by account, and is based on your credit past. While the actual rate can change, it is probably considered to be in the average range for rewards credit cards in today's market.

More to Consider

Applying for a credit card is a large step in the credit world, and not one to take lightly. If you've had problems with credit in the past or have a low score, you may find it difficult to get approved for the Chase Freedom Card. If this is your situation, you'll want to look for a card with different benefits, such as a low interest rate or a free balance transfer option.

If you've recently applied for bankruptcy, you'll want to look for a card that is geared toward customers with bad credit. After you've built up your credit you may consider looking at a card that includes rewards, like the Chase Freedom one.

The Importance of the Fine Print

Just like any other credit card, the Chase Freedom Card has a list of terms and conditions attached to it. It's important to read the fine print to understand what is all involved. This way you'll know what to expect as far as interest rates and other charges.

When it comes to credit cards, the Chase Freedom Card is just one of the many options in today's market. Whether or not it is a card for you is a personal decision. Take into consideration your current standing and what you need in a card. Then look on the market and make a decision based on the information you have available.

Click Here To Find Chase Freedom Credit Card . Stephanie Andrews is a contributing editor of the website www.CreditCardCity.com , a credit card directory where you can apply for a new credit card with secure online applications. Visit now to compare all of the best online credit card offers.

Now that washington mutual is owned by chase- can I combine credit debt?

I have 1300 debt on a 1500 washington mutual credit card and 3400 debt on a chase credit card. My interest rate is 27% can I combine the debt on the two credit cards. Any tips on how to lower the interest?

Answer
Even though they are with the same bank(now) they are still separate and independent accounts. The only way you can "combine" them is to do a balance transfer from one account to another. However, banks do not usually allow this between their own accounts. So in fact you probably could have combined them before they merged, but once they merged this is no longer an option either.

Your only choice would be to try and open up a 3rd credit card with a big enough limit where you could do a balance transfer of both the Chase and the WaMu card to the 3rd card. Keeping in mind that you are probably going to have to get a card that is not owned by Chase.