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If you're in the market to start building or rebuilding your credit, most card options lack benefits. That's what helps make the Chase Freedom Rise® notable — it offers cash-back rewards while helping you rebuild your credit.
Chase makes it relatively easy to apply for and get approved for the no-annual-fee Freedom Rise. And you increase your chances for approval if you have a Chase checking or savings account with at least $250 in it.
Here's what you need to know about the Freedom Rise.
- 1.5% cash back on every purchase
Page Contents
Freedom Rise Pros
- $0 annual fee.
- 1.5% cash back on all purchases, plus 2% cash back on Lyft rides through September 30, 2027.
- $25 statement credit after setting up automatic payments.
- Automatic consideration for credit limit increases.
Freedom Rise Cons
- Earns cash back — not travel rewards.
- Foreign transaction fee of 3% of the amount of each transaction in U.S. dollars.
Freedom Rise Welcome Offer
The Freedom Rise doesn't have a welcome offer. However, when you apply for the card, you have an increased approval chance when you have a total available balance of $250 in Chase checking or savings accounts.
Related: Top Rewards Cards With Introductory $0 Annual Fees
Freedom Rise Benefits
1.5% cash back
The Freedom Rise earns 1.5% cash back on all purchases, redeemable for statement credits, gift cards, and within the Chase Travel℠ portal. Cash-back rewards never expire as long as your account is open, and no minimum is required for redemption.
$25 statement credit
Earn a $25 statement credit when you enroll your Freedom Rise account in automatic payments. You'll need to make sure to set up your automatic payments during the first three months from account opening and remain enrolled for at least 90 consecutive days.
Complimentary DashPass from DoorDash
Freedom Rise cardholders get six months of complimentary DashPass from DoorDash. DashPass offers unlimited deliveries with a $0 delivery fee on eligible DoorDash and Caviar orders. Service fees are also reduced on eligible orders. This benefit must be activated by December 31, 2027.
Plus, a DashPass member, you'll get up to $10 off quarterly on non-restaurant DoorDash orders through December 31, 2027.
2% cash back on Lyft rides
Earn an additional 0.5% cash back on Lyft rides for a total of 2% cash back through September 30, 2027, when you use your Freedom Rise.
Credit limit increases
Chase automatically evaluates your credit line for limit increases as soon as six months after account opening. This is great, because your credit score could increase as your credit limit increases, so long as you don't increase your spending.
Related: Tips for Managing Your Credit Score
Chase Credit Journey
You can check your credit score for free through Chase Credit Journey. Access to the credit monitoring platform is standard with the Freedom Rise and other Chase products. The program also explains what factors affect your credit score and offers tips to increase your score over time.
Purchase protection and trip insurance
The Freedom Rise offers purchase protection, which covers you against damage or theft for the first 120 days after purchase, up to $500 per claim and $50,000 per account. The card also includes an additional year of an extended warranty on a U.S. manufacturer's warranty of three years or less.
Trip cancellation and interruption insurance benefits are available when you use your card to pay for travel. If your trip is canceled or interrupted for a covered reason, you can be reimbursed up to $1,500 per person and $6,000 per trip for prepaid, non-refundable passenger fares.
Related: Best Credit Cards With Free Travel Insurance
Other perks
The card has zero liability protection, meaning you won't be held responsible for unauthorized purchases made with your Freedom Rise. And 24/7 fraud monitoring immediately informs you of any suspicious activities on your account.
Freedom Rise Earning Rates
The Freedom Rise earns a simple 1.5% cash back on every purchase, except Lyft rides, where you'll earn 2% back through September 30, 2027. Cash back is unlimited.
Related: Best Credit Cards for Everyday Purchases
Redeeming Rewards From the Freedom Rise
You can redeem the cash-back rewards earned with the Freedom Rise in several ways.
The easiest way to redeem them is as a statement credit or direct deposit into your U.S. checking or savings account. There's no minimum required to redeem cash back. Alternatively, you can redeem your cash-back rewards for gift cards.
You can also redeem your rewards to pay for all or part of your purchases on Amazon. But we don't recommend that. When using points to checkout on Amazon, each point is worth $0.008, which means that 100 points equals $0.80 in redemption value. You'd get more value by using the statement credit or direct deposit option for your rewards — and then use those rewards for shopping. That way, you'll get 1 cent per point in value ($1 per 100 points).
Another way to redeem your rewards is to use Chase Travel to book your upcoming trips. Rewards will be worth their face value here as cash.
Application Restrictions
When applying for any Chase credit card, it's important to know your 5/24 status. The 5/24 rule states that Chase will not approve you for a new credit card if you've opened five new personal cards within the last 24 months, based on what's showing on your credit report.
As it pertains to your Freedom Rise application, you can increase your odds of approval by opening a Chase checking or savings account with at least $250 within four days of applying.
And since this credit card is geared toward people beginning their journey or repairing their credit, you won't find the same strict requirements for an excellent credit score that you might see on other Chase cards. That said, those with considerable existing debts may still have difficulty getting approved.
Also, in order to open a new Freedom Rise and receive the $25 statement credit for setting up automatic payments, you cannot currently have this card or have been previously approved for it in the past 24 months.
Related: Understanding Rewards Credit Card Application Rules and Restrictions
Cards That Compete With the Freedom Rise
- If you want a Chase card that earns up to 5% cash back, consider the Chase Freedom Unlimited® (Rates & Fees). You'll earn 5% on travel purchased through Chase Travel℠, 3% on dining at restaurants and drugstores, and 1.5% on other eligible purchases. Finally, you'll still receive purchase protection, extended warranty protection, and credit monitoring through Chase Credit Journey, among other benefits, and you won't pay an annual fee. Learn more in our Freedom Unlimited review.
- If you want a simple way to earn 2% cash back on every purchase, check out the Citi Double Cash® Card. With this card, you'll earn 2% cash back on all spending, provided as 1% when you buy plus 1% as you pay. You'll also get a $200 cash-back bonus after you spend $1,500 on purchases in the first 6 months of account opening, and the card offers a 0% introductory APR on balance transfers for 18 months, then an APR of 18.24% - 28.24% (Variable). There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5). Our Citi Double Cash review has further details.
- If you prefer a cash-back card with no foreign transaction fees, look no further than the Capital One QuicksilverOne Cash Rewards Credit Card. The benefits are almost identical to the Freedom Rise, but the Capital One QuicksilverOne has a $39 annual fee. With that fee comes access to Capital One Dining and Capital One Entertainment. Unlike the Freedom Rise, the Capital One QuicksilverOne doesn't have any foreign transaction fees while still earning 1.5% cash back on every purchase. Our Capital One QuicksilverOne review explains more.
- Earn 5% on purchases through Chase Travel℠
- Earn 3% on dining at restaurants
- Earn 3% on drugstore purchases
- Earn 1.5% on all purchases
- Earn 2% cash back on every purchase—1% when you buy and 1% when you pay. Plus, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/25. Citi cash rewards now also convert to ThankYou points at 1:1 ($10 = 100 ThankYou points).
- 5% cash back on purchases through Capital One Entertainment (through 12/31/2025)
- 1.5% cash back on every purchase.
Bottom Line
The Freedom Rise is a good option if you're looking to build or rebuild credit within the Chase ecosystem while earning cash back and avoiding credit card annual fees. This card also grants access to Chase Travel and has worthy benefits like complimentary — albeit temporary — DashPass membership.
Getting benefits while building or rebuilding credit isn't widespread, so finding a few perks on this card could be the deciding factor while looking for a credit-building credit card.
- 1.5% cash back on every purchase
For rates and fees of the cards mentioned in this post, please visit the following links: Chase Freedom Unlimited® (Rates & Fees)
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