If you’re a student who is looking for a credit card, the Chase Freedom® Student Credit Card might be the perfect option for you.
With its $50 bonus offer and the ability to earn cash back on all purchases, this credit card provides a lot of value for students who are looking to build their credit and earn rewards at the same time.
In this guide, we’ll take a closer look at the benefits, features, and requirements of the Chase Freedom® Student Credit Card.
$50 Bonus Offer
One great example of how the $50 bonus offer could be utilized is for a student who needs to purchase textbooks for their classes.
They can apply for the Chase Freedom Student credit card, and upon approval, make their first purchase for their textbooks within the first three months to receive the $50 bonus.
This can help alleviate some of the financial burden of purchasing expensive textbooks while also starting to build their credit.
Earn 1% Cash Back
Another example of how the Chase Freedom Student credit card could be utilized is for everyday purchases such as groceries or gas.
For example, a student who uses their Chase Freedom Student credit card to purchase groceries and gas can earn 1% cash back on those purchases.
Over time, this can add up and help them save money.
Free Credit Score
A great example of how the free credit score feature can be utilized is for a student who is just starting to build their credit.
By monitoring their credit score regularly, they can ensure they are on track to building a strong credit history.
They can also identify any issues or errors on their credit report and take action to correct them.
Purchase Protection
Imagine a student purchases a new laptop with their Chase Freedom Student credit card, but it gets damaged or stolen shortly after.
Thanks to the Purchase Protection feature, they can file a claim and potentially receive up to $500 per claim and $50,000 per account to help cover the cost of repairs or replacement.
Lyft Cash Back
A student who frequently uses ride-sharing services such as Lyft can benefit from the 5% cash back feature.
For example, if they spend $100 on Lyft rides in a month, they can earn $5 cash back.
Over time, this can add up and help them save money on transportation costs.
My Chase Plan
Let’s say a student needs to purchase a new laptop for their classes, but they don’t have the funds to pay for it all at once.
By utilizing the My Chase Plan feature, they can break up the purchase into equal monthly payments with no interest, just a fixed monthly fee.
This can help them make the purchase they need without putting a strain on their finances.
Extended Warranty Protection
Extended Warranty Protection is an additional feature offered by the Chase Freedom® Student credit card that extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
For example, if you buy a laptop that comes with a one-year warranty, the Extended Warranty Protection will extend that warranty for an additional year.
This feature can give you peace of mind knowing that your purchase is protected beyond the manufacturer’s warranty period, in case any issues arise.
It can also save you money in the long run by avoiding costly repair or replacement fees.
Extended Warranty Protection
Extended Warranty Protection is an additional feature offered by the Chase Freedom® Student credit card that extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
For example, if you buy a laptop that comes with a one-year warranty, the Extended Warranty Protection will extend that warranty for an additional year.
This feature can give you peace of mind knowing that your purchase is protected beyond the manufacturer’s warranty period, in case any issues arise.
It can also save you money in the long run by avoiding costly repair or replacement fees.
Lock/Unlock Feature
The Lock/Unlock Feature is a convenient feature offered by the Chase Freedom® Student credit card that allows you to quickly lock or unlock your credit card right from the Chase Mobile app or Chase.com.
This feature can give you more control over your account security and prevent unauthorized purchases.
For example, if you lose your card or suspect it has been stolen, you can quickly lock it to prevent anyone from using it.
Similarly, you can quickly unlock it when you find it or need to use it again.
This feature can give you peace of mind knowing that you can control your account security with just a few taps on your phone.
Redeem Your Cash Back Rewards
One of the main benefits of the Chase Freedom® Student credit card is the ability to earn cash back rewards on all purchases.
There is no minimum to redeem for cash back, and you can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts.
For example, if you spend $500 a month on groceries, dining out, and other expenses, you could earn $5 in cash back rewards each month, which adds up to $60 per year.
This feature can help you save money on your purchases and can be a great way to earn rewards for your everyday spending.
Shop with Points at Amazon
The Chase Freedom® Student credit card also offers the ability to link your card to your Amazon.com account and instantly redeem your Cash Back rewards to pay for all or part of your eligible Amazon.com orders at checkout, including tax and shipping.
This feature can be a great way to save money on your Amazon purchases and can be especially useful during the holiday season or when making larger purchases.
For example, if you have $20 in Cash Back rewards, you could use them to pay for part or all of a $20 item on Amazon.
This feature can help you stretch your budget and get more value out of your rewards.
Conclusion
If you’re a student looking for a credit card, the Chase Freedom Student Credit Card might be a great option for you.
With a $50 bonus offer after your first purchase made within the first three months from account opening, this card offers an easy way to earn some extra cash.
Additionally, you’ll earn 1% cash back on all purchases, which can help you build credit for your future.
The card has no annual fee, and you can earn a credit limit increase after making 5 monthly payments on time within 10 months from account opening when meeting credit criteria.
With features like purchase protection, extended warranty protection, and trip cancellation/interruption insurance, the Chase Freedom Student Credit Card offers great value and peace of mind.
Plus, you can quickly lock or unlock your credit card right from the Chase Mobile app, and there are many ways to redeem your cash back rewards, such as statement credit or direct deposit into most U.S. checking and savings accounts.
