The re-Packaged Chase Freedom Visa Card Offer: 2012 Review(s)

April 20, 2012 No Comments »

One of the most popular cash back credit cards from Chase Bank has just been relaunched this week and it’s perks are still plentiful.

Over the last couple of years, the old Chase Freedom Visa (and MasterCard) came with a $200 sign up bonus – and they were flying off the shelves! Today however, Chase’s perks and rewards on this particular card are slightly restructured (and we believe for the better).

The largest swap of ‘perks’ from the old offer to the new one is the exchange of $100 in bonus money for a 15 month, 0% APR period on both new purchases AND balance transfers. So rather than earning a $200 bonus for signing up, you earn just a $100 bonus, but you also get a 0% intro APR for over a year. Depending on your own financial circumstance, this new promotional APR period could be quite beneficial.

2012 Perks and Rewards – Chase Freedom Visa Card:

1) $100 Cash Bonus after spending just $500 on the card.

2) 5% cash back on a rotating set of categories on up to $1500 in purchases every quarter (or roughly 5% cash back on $500 spent each month). Below are the 5% cash back categories for 2012:

- January to March – Gas Stations, Amazon.com

- April to June – Grocery Stores, Movie Theaters

- July to September – Gas Stations, Restaurants

- October to December – Hotels, Airlines, Best Buy, Kohls

3) Snag 1% cash back on ALL other purchases with no limit on how much you can earn.

4) No annual fee or activation fee. This is a tidy little feature of this card that, in our opinion, puts it well above competing cash back offers. So many credit cards impose steep yearly fees that easily eat up earnings over the course of a year. It is nice to see a premium card offer that still offers $0 in fees to consumers.

5) Earn an industry best 10% cash back on online purchases through Chase partners.

6) 0% intro APR for 15 months! This is a solid offer for even the top balance transfer credit cards. Keep in mind you’ll still have to pay the standard 3% of the transfer amount upfront. So if you’re transferring a $10k balance you’ll owe $333.00 up front but then will have 15 months to pay off the total debt before an interest rate of between 12.99% and 22.99% (depending on credit score) is applied.

What do you think? Think the old Chase Freedom Offer was more lucrative?

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