The Chase Freedom student card comes with an easy earning structure. But easy isn't always best. It earns just one Ultimate Rewards (UV) point (or 1%) for every dollar you spend. The majority of other Chase cards earn two points per dollar spent, and all others earn three points per dollar.
So how does it get you into the average circle of credit card users who have at least a decent balance? Well, the Freedom student card earns you four points for each dollar you charge, making it a decent card for people who just want to build a credit score and won't necessarily need to build their savings account. You get four points for dining out, shopping, and even getting a night in for the weekend free. If you get five points per dollar, then the Freedom student card could end up saving you about two thousand dollars over the course of a year. That's a pretty sweet deal, if you ask me.
But the most amazing part of the Freedom card is its automatic enrolled status. If you use your card regularly, you will be automatically enrolled in the program at the start of each year. The Freedom student card earns credit solely based on your purchases, and no other criteria exist for the program. You will receive an alert, upon sign up, which will tell you that you're now an eligible customer and can begin using the card to make purchases, and there is no additional limit once you have been automatically enrolled.
Not all rewards credit cards are equal, though. The best credit cards are generally those that offer the most perks and benefits. The Freedom student card from American Express actually has a lot going for it. The card allows you to earn up to three percent on the cost of almost everything you buy, which definitely makes it one of the best. This is especially useful if you travel frequently and can use your card to get cheap plane fares and hotel stays across the country.
Another perk of this first credit card from American Express is that it allows you to earn up to twenty five percent cash back on the first purchase you make each month. It also offers you the option to earn up to three percent cash back on cruises and other airline tickets. There are no blackout dates when it comes to earning these cash backs, so you don't have to worry about applying for them every month. Plus, you will never have to pay any interest or fees, and you can use your Freedom student card anywhere an American Express card is accepted, so you don't even have to carry cash to use it! That's definitely worth remembering when it comes to finding the best Freedom student credit card.
With all of the perks that American Express have to offer, it's easy to see why they are the world's most popular credit cards. They offer cash rebates on almost everything you purchase, plus they have lots of other perks including airline miles and good credit history. They do, however, require that you have a good credit history, so you may want to consider using Chase Freedom. The good news is that even if you have poor credit, you can still qualify for this card. It only takes about a week to build up enough of the Ultimate Rewards points (also known as Gold) to get a free plane ticket and lots of other benefits with Chase Freedom. This is the most affordable credit card out there, especially when compared to some of the other cards that allow you to only earn cash rewards on airfare purchases and not on groceries, gas, etc.
With all of the perks that come with owning this card, it's easy to see why students like it so much. You can use it for gas, groceries, cash back on your credit cards, etc., but if you really want to redeem your points for something special, you can use them to get a free night at a hotel when you visit any one of their branches around the country. If you don't own the card yet, it's time to grab one and start redeeming your points.
As long as you use your card responsibly, you won't have any problems with American Express. You can even save money by shopping in different countries online, since you will get a higher percentage off on your first purchase if you use the card within a certain period of time. This will help you save even more money as well, since you will be able to pay less in foreign transaction fees than you would if you went ahead and made your first purchase with cash.