The Chase Freedom APR is 0% for 15 months on purchases, with a regular APR of 14.99% - 23.74% (V) after that. Chase Freedom’s ongoing APR is a range because different people get different rates. It depends on how “creditworthy” Chase thinks you are. The “(V)” at the end stands for “variable” and tells you the APR can change based on the economy. Chase Freedom’s APR range has risen in recent years due to changes in the Federal Reserve’s target interest rate.
Chase Freedom also has more than just purchase and balance transfer APRs. The others are worth investigating, too.
2020 Chase Freedom APRs:
Intro Purchase APR: 0% for 15 months
Regular APR: 14.99% - 23.74% (V), based on creditworthiness (purchases and transfers)
Cash Advance APR: 24.99% (V), plus a 5% ($10 min.) fee
Maximum Penalty APR: 29.99%
Chase can increase your Freedom card’s APR to the penalty rate if you don’t pay your bill on time. It’ll apply to purchases made after the change, unless you’re 60 days delinquent, in which case it applies to your existing balance as well. Chase is required to give you 45 days’ notice before raising your APR.
The Chase Freedom APR is the same as that of its companion card, Chase Freedom Unlimited, which offers 1.5% cash back on all purchases rather than bonus categories.
Chase credit card interest rates can be as low as 0% for as long as 15 months. The best Chase credit cards with 0% interest rates are Chase Freedom, Chase Freedom Unlimited and Chase Slate, offering 0% for 15 months on purchases. None of them have an annual fee, either. But Chase Slate has the edge for balance transfers because it has an intro APR and no transfer fee for the first 60 days.… read full answer
Regular, ongoing Chase credit card interest rates can be as low as 15.24% (V) or as high as 25.75% (V), depending on the card and the applicant’s credit standing.
Chase Credit Card Interest Rates:
Chase Freedom: 0% for 15 months on purchases; 14.99% - 23.74% (V) regular APR
Chase Freedom Unlimited: 0% for 15 months on purchases; 14.99% - 23.74% (V) regular APR
Chase Slate: 0% for 15 months on purchases; 0% for 15 months on balance transfers; 14.99% - 23.74% (V) regular APR
Chase Ink Business Unlimited: 0% for 12 months on purchases; Not Offered on balance transfers; 13.24% - 19.24% (V) regular APR
Chase Ink Business Cash: 0% for 12 months on purchases; Not Offered on balance transfers; 13.24% - 19.24% (V) regular APR
Chase Ink Business Preferred: 15.99% - 20.99% (V) regular APR
Chase has a whole load of credit cards co-branded with various companies as well, too many to list. But the Chase credit card interest rates for the co-branded cards don’t differ too wildly from the other cards. The lowest rate among them is 14.24% - 22.24% (V) on the Amazon Rewards Visa Signature and the highest is 24.99% (V) on a number of cards.
When shopping for a Chase credit card, don’t just look at the regular APR and intro APR. Make sure you know the other rates, like those for cash advances or late payments, too.
There are six Chase credit cards with 0% APRs, ranging from 0% for 12 months to 0% for 15 months. The best 0% APR Chase credit cards are Chase Freedom, Freedom Unlimited and Slate, which offer 0% APRs for 15 months on purchases and balance transfers. Chase Slate also waives its 3% balance transfer fee for the first 60 days. The co-branded Disney Rewards card offers 0% for 6 months on balance transfers.… read full answer
A Chase credit card with 0 APR will not charge you interest for a specified number of months. An 0 APR card allows you to transfer high-interest credit balances and pay them off interest-free. You can also make big-ticket purchases and finance the balance without any added interest charges.
For business owners, you’ll have a couple of Chase 0 APR credit card offers to choose from. The Ink Business Unlimited and Cash cards both have 0% APR for 12 months on purchases and balance transfers.
Here are the Chase credit cards with 0% APRs:
Chase Freedom Unlimited: 0% APR for 15 months on purchases and balance transfers. 5% or $5 minimum or 5% transfer fee applies. Regular APR: 16.74%-25.49% (V). 1.5% cash back on all purchases. No annual fee. Excellent credit required.
Chase Freedom: 0% APR for 15 months on purchases and balance transfers. 5% or $5 minimum or 5% transfer fee applies. Regular APR: 16.74%-25.49% (V). 5% cash back, up to $1,500, in combined purchases in select categories every quarter. No annual fee. Excellent credit required.
Chase Slate: 0% APR for 15 months on purchases and balance transfers. No transfer fee on balances transferred in the first 60 days; 5% or $5 minimum transfer fee after. Regular APR: 16.74%–25.49% (V). Good credit or better required.
Disney Rewards: 0% APR for 6 months on purchases. Regular APR: 17.74% (V). $50 statement credit after first purchase. 1 rewards dollar per $1 spent on all purchases. Good credit or better required.
Chase Ink Business Unlimited: 0% APR for 12 months on purchases and balance transfers. 5% or $5 minimum or 5% transfer fee applies. Regular APR: 14.99%-20.99% (V). 1.5% cash back per $1 spent on all purchases. No annual fee. Good credit or better required.
Chase Ink Business Cash: 0% APR for 12 months on purchases and balance transfers. 5% or $5 minimum or 5% transfer fee applies. Regular APR: 14.99%-20.99% (V). $500 cash bonus when you spend $3,000 in the first three months. No annual fee. Good credit or better required.
A Chase credit card with 0 APR is a rate that will eventually expire. If you don’t pay off your entire balance by the end of the promotional period, you will charged the regular APR on any unpaid balance. You may also lose the 0 APR if you’re late with a payment or pay less than the minimum amount due. The regular APR would then apply to your unpaid balance.
The Chase Freedom $200 bonus is available to new applicants who spend $500 within 3 months of opening an account. The bonus posts to a cardholder’s account as 15,000 Chase Ultimate Rewards points, which are redeemable for $150 cash back. That’s a 30% return on the money spent to earn the $150 bonus.… read full answer
Even though Chase Freedom is advertised as a cash back card, it’s actually a points card like all other Ultimate Rewards cards. Each point is worth 1 cent no matter how you spend it (e.g. cash back, travel, gift cards). So the value of your initial bonus is always $150. But there are a few other things you should note before getting the card.
Chase Freedom $150 Bonus Info:
Requirement: Spend $500 in the first three months of account opening.
Eligibility: New Chase Freedom cardholders who have not earned the bonus in the past 24 months.
Ineligible purchases: Balance transfers, cash advances and cash equivalents like casino chips. Interest, unauthorized/fraudulent charges and fees also do not earn cash back.
Account standing: Your account must be open and not in default at the time the points are delivered in order to receive them.
Timeframe: It may take 6-8 weeks for the $200 bonus to show up in your account, once you meet the spending requirement.
Limited-time offer: The Chase Freedom initial bonus has been higher in the past - $200 for spending $500 in three months, for example.
Freedom is a great card for everyday spending too. In addition to Chase Freedom’s $200 bonus, cardholders earn 5% cash back (5 points per $1) on up to $1,500 spent per quarter in bonus categories. Purchases that exceed the quarterly limit earn 1%. You’ll also get 1% cash back on all other purchases.
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