Chase Freedom credit card gives the cardholder the chance to earn for every spending using the credit card thru its cash back program. One of its strongest selling point is the 5% cash back program for purchases under its most popular categories and 1% cash back for all spending using the Chase Freedom card.

You need a good to excellent credit score to be approved for the Chase Freedom cash back credit card. Here are the main features of this credit card:

$100 Bonus cash back

When you use your Chase Freedom credit card for purchases amounting to $500 in your first three months, you will be getting a $100 cash back.

Thru this cash back bonus you will be getting 10,000 points that can be redeemed as $100 check. You need to make qualifying purchases amounting $500 or greater within 3 months of account opening. The qualifying transactions may include purchases, checks used for the account, and balance transfers. Cash advances are not qualified.

Once you accumulate the qualified spending for the bonus, it might take around six to eight weeks before the points are reflected on your account. Your account must not be in default to qualify for this bonus.

This $100 bonus is also limited to first time card holders of Chase.

5% Cash Back

When you use the card you get a 1% cash back for all purchases plus bonus categories can earn you 4% summing up to 5%. The 4% cash back has a ceiling determined every quarter. You also need to enroll for this program quarterly. You will be qualified for the 4% special category cash back bonus as long as your card is not in default, do not violate any provisions of the rewards program, and receive your statement on a US address.

1% Cash Back

Every dollar of spending earns you 1 point on the cash back rewards program. You can also earn an extra point when you have airfare purchases thru the booking tool of the rewards program. For this part of the program you do not get the extra points for cash advances, balance transfers, cash-like transactions, money orders, or checks used for your account. See the bank’s website to know the inclusions and exclusions of earning the extra rewards point. The bank does not set a ceiling for poitns so you can earn as much for all qualified spending. They do have limitations for promotional or bonus programs. Card holders may be charged as much as $20 for airline ticket purchases or change of airline itineraries made thru their toll free number.

10% Cash Back

You get get as much as 10% additional cash back when you buy goods or services thru select merchants on the shopping portal of Chase.

Terms and Fees

The Chase Freedom credit card has no annual fee.

The card also gives a 0% introductory APR for the first 6 billing cycles of your card. Depending on your credit, the APR after the intro APR may r and 22.99%.

If you make a balance transfer with the first 36 days of your account, you also get a 0% APR but this is an extended intro APR for 12 cycles of your bill.

Cons

Chase Freedom credit card is only good for individuals with a credit score of good to excellent.

The balance transfer transaction fee is also a bit high at 3% to 5%. In case you make late payments or not pay at all, your penalty APR will be 29.99% APY

The foreign transaction fees are also on the high end at 3% per transaction.

Verdict

The Chase Freedom credit card is a good option for individuals who want to earn something back for their everyday spending. The cash back deal is also good with 1% for purchases and as high as 5% when you get something under their special categories. The cash back can go as high as 10% for purchases you make thru the online shopping portal of the bank.

The Chase Freedom credit card is among the best cash back credit cards in the market now weighing in the features of its cash back program and that it has no annual fee.

If you have a very good credit score and you are looking for good cash back programs, then you might want to get hold of the Discover® More® Card - $50 Cashback Bonus® credit card by Discover. This one offers $50 cashback when your purchases hit $599 during the first 3 months upon activation.

Cardholders will be able to ear a 5% Cashback Bonus through the rewards program when the credit card is used for gas, restaurants, movies, travel, and more. General purchases can also earn you and all other purchases also get you a 1% Cashback Bonus automatically.

Discover also throws in an additional bonus with the Discover More Card with an opportunity to double up the cashback bonus when redeeming the rebates from Discover Card Partners for gift certificates. You do not have to worry about any annual limit on the rebates that you can earn. The rebates also do not expire as long as you keep the account active within a 3-year period.

The credit card also gives some platinum benefits in addition to the rewards program in place. This includes an accident insurance when you travel worth $500,000, coverage for auto rentals, fraud protection, and security protection. Of course there are also discounts for card holders for a lot of services and products when card holders avail of them at participating retailers and merchants.

Take note that the highest rebates will not be applicable to all purchases. The 1% rebate will only take effect when you spend over $3,000 in a year. This means that the actual rebate will be lesser than 1% and that depends on how much you spend using the credit card.

Thumbs up Features: 0% intro rate, no annual fee, double cash rebates when used with participating merchants and retailers.

Thumbs down Feature: Low interest rate is not available for all applicants

Important Rates and Fees information

• 0% Intro APR: this applies for all purchases within the first six months and 0% for balance transfers for the first year of the card

• Purchases APR: 12.99% minimum

• Cash Advance APR: 23.99%

• Cash Advance Fee: 5% for every cash advance; minimum of $10 and no max

Summary of Rewards Program

• Rebate minimum of 0.25%, maximum of 5%

• Earn the 5% Cashback Bonus for spending on travel, restaurants, gas, movies, and more; all other purchases automatically earn 1%

• Inactivity of the account for 36 months may result into invalidity of portion or all of the cashback bonus

• Get the $50 Cashback Bonus when you spend at least $599 for the first three (3) months of your credit card

Other Features

• You can personalized the design of the credit card
• Various services related to the account online
• Travel accident coverage of up to $500K
• Security and fraud protection services
• Insurance when you rent a vehicle
• Discounts for different services and products with participating retailers and merchants

VERDICT

Discover® More® Card - $50 Cashback Bonus® Credit Card is ideal for those who spend around $3,000 in a year (for the 1% cash rebate), those who want get double cash rebate by using their credit card with participating retailers, and those who actually pay in full every month after the expiration of the intro rate to avoid hurting their pockets with the finance charges.

TrueEarnings Business Card from Costco and American Express makes shopping and saving at Costco a bigger deal. American Express gives you the best cash back credit card that you can have in the market today. It also doubles as a Costco membership card that gives you 1% cash back.

The TrueEarnings Business Card from Costco and American Express gives consumers rewards for every swipe they make. This means that the more you spend, the more rewards you get with this credit card.

Benefits of TrueEarnings AMEX Business Card

It is the only credit card today which gives 3% of un-tiered rebates for gasoline purchases. Aside from that you also get the following:

Earn as much points as you want since there is no limit when you talk of cash back from your TrueEarnings Business Card from Costco and American Express.

The TrueEarnings Business Card from Costco and American Express may also offer some convenience when you travel. Aside from using it to purchase airline tickets and pay for your other travel needs, the credit card also provides $100K of accidental death and dismemberment coverage when you travel. In case you lost the card, you can make an emergency check in and the hotel can still charge it to your account.

TrueEarnings AMEX Business Card Fees

You can have your photo taken and be placed on the card so it will double as your Costco membership card. The membership fee at Costco scrapes off the effect of the annual fee that may be charged to your credit card.

TrueEarnings Business Card from Costco and American Express has a 0% introductory APR for the first 3 months. The APR after the intro period will be 9.99% plus the prime rate.

It is the best cash back credit card in the market which rewards you for every swipe that you make. Management of the account is also very easy done online.

The Discover More Credit Card , is among the top credit cards that we can consider as the best for online shopping, travel, and fuel expenses. This Discover credit card is considered by a lot of consumers and experts to be the most practical and convenient card if you want those cash back and other credit cards rewards.

The Discover More credit card cash back program gives you the most rebate for more items than other plastics that we have today. Below is a short summary how this cash back card works:

Cash Back with Discover More Credit Card

Discover More credit card has a structured formula for its cash back program based on your yearly spending. The rebate potential is max at 2%. The first 0.25% of your credit card rebate comes from your first $1500 yearly spending. The next $1500 that you swipe your card for the year gives the 0.50%. Once you go over $3000 the rebate earned is 1%. The consumer can earn as much rebate which don’t expire.

5% Rebates for Rotating Categories

Discover credit card also runs 5% rebates on different rotating categories once every three months. The 1st Quarter gives you 5% rebates for cruises, car rentals, hotels, and airlines. Discover gives reimbursement of 5% for fashion shops and home retailers. Gas, theme parks, and hotels are the focus for the Q3. The Q4 centers on groceries, movies, and restaurants.

Get 5%-2-% Discount from Partner Merchants

The Discover More also includes the Shop Discover feature which basically entitles holders to discounts ranging from 5% to 20% when you use the card to shop at the website of Discover and purchase items from partner merchants.

Balance transfers are charged 3% which may range from at least $10 to a max of $75. Cash advance fees will cost you 3% or a minimum of $5. Discover charges $15 over the credit fee for balances through $500 and $39 for over $500.

Discover More has No Annual Fee

Another great thing about the Discover More credit card is that it you don’t have to worry about any annual fees. The APR may range between 11.99% and 18.99%. You can also keep track of your purchases since you can view and download you statements online. You can also configure the due date so it will match your schedule or other due dates.

We give a thumbs up for the Discover More credit card primarily because of its features and benefits that it provide the consumers. Aside from the benefits you can also choose from 150 designs of how you want your card to look like.