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Disclosure: The information related to the Chase Freedom Rise℠ credit card has been collected by Slickdeals and has not been reviewed or provided by the issuer of this card.
The credit card market is tough for people with no credit history. Options are limited and most people end up with a secured credit card that requires a cash deposit. These cards generally don’t earn rewards and when they do, it’s often 1% cash back at most. This week Chase launched a new credit card that defies those conventions: The Chase Freedom Rise℠.
This no-annual-fee card is available for people with no prior credit history. Your approval odds will even increase if you open a Chase checking account with at least $250 before applying. This makes the Freedom Rise Card accessible in a market where options are so limited.
Build Credit and Earn Rewards
Chase is arguably king when it comes to rewards credit cards, but most require established credit. The Chase Freedom Rise is unique because it offers 1.5% cash back on all spending, plus a $25 bonus for setting up automatic payments. While $25 isn’t much, it’s more than what most secured cards offer new applicants.
Enjoy Various Card Benefits and Perks
DoorDash
As a starter credit card, the Freedom Rise comes with quite a few perks:
- Credit limit increase as soon as 6 months
- No annual fees
- Free credit score tracking
- 3 months of DoorDash DashPass membership
- 3 months of Instacart+ membership
- 5% cash back on Lyft rides through March 31, 2025
Most first-timers don’t get very high credit limits, making it hard to keep your utilization rate low. It takes time to be considered for higher credit limits. However, Chase will review your credit line for an increase after six months of account opening. If you’ve made your payments on time, you may get that much-needed credit limit increase sooner than expected.
As an added bonus, the Freedom Rise offers trip cancellation and interruption insurance. If you charge non-refundable travel to this card and have to cancel, you’ll get reimbursed up to $1,500 per person or $6,000 per trip. This perk is typically reserved for premium credit cards and can be massively valuable.
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Is the Chase Freedom Rise Right for You?
The Chase Freedom Rise is a great card for consumers with no prior credit history. The card earns above-average rewards on everyday spending and offers unique (but practical) perks. With no annual fee and the ability to establish a financial relationship with a major bank, it’s one of the best options for starting your credit-building journey.
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Ariana Arghandewal
Ariana Arghandewal is a rewards travel expert and founder of Pointchaser, an online publication dedicated to rewards travel topics. She brings over a decade of experience writing about travel, points, miles and credit cards. Her expertise includes her roles as an editor for distinguished travel and finance publications such as NerdWallet, The Points Guy and FlyerTalk. She has also authored many articles featured in major financial news & travel channels like Forbes, U.S. News Weekly, Business Insider & Fodor’s Travel.
