Plus, you'll score a credit limit increase - a key piece of improving that score - by making five monthly payments on time. You can use Chase's Credit Journey tool to monitor your FICO score. While other card offerings can make your spending during college more rewarding, the Chase Freedom® Student credit card is worth your consideration if you have no credit history. None of those charge additional fees for transactions outside the country. If you're planning to travel outside the US for a vacation or thinking about spending a semester abroad, you're better off with any of Capital One's student credit cards or the Discover it® Student Cash Back. One other downside to the Chase Freedom® Student credit card is the 3% foreign transaction fee. That rewards rate isn't much to celebrate compared with other student credit cards on the market.įor example, the Bank of America® Unlimited Cash Rewards Credit Card for StudentsĮarns 1.5% cash back on all your spending, and the Capital One SavorOne Student Cash Rewards Credit Card offers 3% cash back on dining, entertainment, popular streaming services, and at grocery stores. This card earns 1% cash back on all your purchases. Each year, you'll earn an extra $20 as long as you are paying your bill on time.įinding the right credit card, however, is about more than one-time and once-a-year perks, and this card doesn't pack a big punch for your everyday spending. The card also comes with an annual $20 Good Standing reward payout. TheChase Freedom® Student credit card's welcome bonus offer is the most simple and achievable on the planet: $50 Bonus after first purchase made within the first 3 months from account opening. Chase Freedom Student Credit Card Review: Is It the Best Credit Card for You? However, one piece of the puzzle can feel easy with the Chase Freedom® Student credit card. There are plenty of parts of college that may feel hard: studying for exams, dealing with the odd hours of your new roommate, and feeling overwhelmed while trying to plan ahead for the rest of your life, to name a few. Still, it comes with solid benefits (including a $20 annual Good Standing Reward) and the opportunity to earn a credit line increase after making on-time payments. You can also request Chase to overnight your physical card by calling Chase customer service.Doesn't offer the highest bonus or rate of cash back on purchases compared to the best cash-back credit cards. Quickest way to get my card: You will be able to add your new card to your mobile wallet immediately after you get approved (it can sometimes take up to an hour for it to show up in your online login). Reconsideration: If you get declined then you can call 1 8 to be reconsidered.Check application status:You can check your application status at / Customer Center / Check my app status or call 1 8.Credit inquiries for Personal and Business card applications will not be combined. Combining same-day credit inquiries: Some data points suggest that credit inquiries for all Personal Chase cards for same-day applications will be combined also, credit inquiries for all Business Chase cards for same-day applications will be combined.Credit bureau: Chase Bank will usually pull your Experian credit report.Double dipping: If you have any Chase Freedom card currently open ( Freedom, Freedom Fle x, Freedom Unlimited, or Freedom Student), Chase may not approve you for a new Freedom card (regardless of which Freedom card you apply for).If the first application is still pending, wait for it to be approved before you apply for a second card Apply for two cards: If you apply for one Chase card and get approved, it is recommended to apply for a second card since Chase is very good about approving for two cards, even within the same day.Business cards and personal cards are counted separately Max cards: You can get approved for up to 2 Chase credit cards in 30 days.Chase 5/24 rule: Chase will decline an applicant that has opened 5 or more cards (other issuers included) in the past 24 months.Student letter: Chase often requests applicants to provide a student letter in order to get approved.It's recommended to have an existing Chase bank account for six months Update: This card is no longer available for new applicants.
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