Chase launches the Chase Freedom Rise, a new cash back card for credit builders

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Edited by

Liz Bingler

Published on June 12, 2023 | 2 min read

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Launching today, the Chase Freedom Rise℠* is the newest addition to Chase’s Freedom family lineup and is aimed at cardholders looking to build credit toward a healthy financial future.

Cardholders earn a flat rate of cash back on every purchase for no annual fee, along with a handful of additional benefits to help establish positive credit habits.

“We know that customers are looking for options when they begin their credit journey, so we want to help make it more accessible to them,” said Brent Reinhard, general manager of Chase Freedom, in the press release. “Chase Freedom Rise is built so that customers can improve their chances of getting approved by simply having or opening a Chase checking account. We’re also giving them the opportunity to begin building their financial credit while also benefiting from cashbacking on everything they buy.”

Details of the Chase Freedom Rise

Cardholders earn 1.5 percent cash back on every purchase, putting it in line with the base rate offered by the no-annual-fee Chase Freedom Unlimited®*.

Applicants can improve their chances of being approved for the Chase Freedom Rise if they have or open a Chase checking account with a $250 balance within two days of submitting their application. Note that, once approved for the card, no minimum account balance is needed.

Chase Freedom Rise benefits

By enrolling in autopay within the first three months of account opening, Freedom Rise cardholders can earn $25. By signing up, you’re not only earning a little extra cash, but you’re also ensuring your credit card bill is paid on time every month.

Further, cardholders can get free access to their credit score through Chase Credit Journey, along with additional resources for building credit and 24/7 fraud monitoring.

How to apply for the Chase Freedom Rise

Currently, cardholders can only apply for the Chase Freedom Rise by going into a physical Chase branch, where additional educational resources will be provided. Digital applications will become available early next year.

Is the Chase Freedom Rise worth it?

If you’re looking to build credit, the Chase Freedom Rise could be an excellent start to your credit-building journey. Its lack of an annual fee and its flat-rate cash back rewards structure could be well-suited for those looking to establish a positive credit history while earning no-fuss rewards on everyday purchases.

Its lack of a digital application currently may hinder some applicants, though the opportunity to meet with Chase bankers and receive additional educational materials could be beneficial.

However, be sure to consider all of your options prior to applying. There are a variety of top credit cards for no credit history that feature even higher rewards rates — without an in-person application requirement.

*The information about the Chase Freedom Rise and Chase Freedom Unlimited® has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.