Chase Freedom Rise℠ Credit Card

Cash Back Structure:

• 1.5% cash back on all purchases.
• 5% cash back on Lyft rides (through March 2025).

Annual Fee: $0.

Sign-Up Bonus: Earn a $25 statement credit when you enroll in automatic payments within the first 3 months.

Key Features:

• Credit-Building Tool: Designed for individuals with limited or no credit history, with a chance to increase your credit limit after 6 months of on-time payments.
• Chase Checking Account Boost: Cardholders with a Chase checking account holding at least $250 have better approval odds.
• Purchase Protection: Items purchased with the card are covered against damage or theft up to $500 for 120 days.
• Trip Cancellation Insurance: Offers up to $1,500 per person for prepaid, non-refundable expenses in case of trip cancellations.

Who Should Get It: Ideal for individuals who are new to credit or want to build their credit while earning 1.5% cash back on everyday purchases.

Drawbacks: The 3% foreign transaction fee makes it less suitable for international use. Additionally, it has fewer rewards categories compared to other Chase Freedom cards​.