New Chase Freedom® Student card aims to help college students build healthy card habits


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Chase has launched its first student credit card aimed at helping college students build credit and earn rewards.

The no annual fee card will earn students a flat rate on all purchases and includes benefits that promote responsible card usage.

The details

With Chase’s new student card, the Chase Freedom® Student, cardholders receive 1% cash back on all purchases and a $50 bonus after making one purchase within the first three months from account opening.

The Freedom Student offers a $20 Good Standing Reward after each account anniversary for the first five years of card membership — worth 2,000 Ultimate Rewards® points⁠ — and points can be redeemed for cash back, gift cards, travel, Apple merchandise and more. Chase has yet to release the full list of benefits or APR information associated with the card.

If you’re interested in increasing your credit limit, simply make five on-time payments within your first 10 months for an automatic line of credit increase.

As of now, the Chase Freedom® Student is only available in branch, meaning students must walk into a Chase branch to apply. Applicants must be 18 years of age or older to qualify for the card.

Upon graduation, or if you discontinue your education, you’ll still be eligible to own the card and will continue earning rewards.

Our take

Compared to the ever-popular Discover it® Student Cash Back and Discover it® Student chrome cards, you’ll earn fewer rewards with the Chase Freedom® Student. It’s also not yet available online, so it may be a bit of a hassle to track down a Chase branch and apply, depending on your location.

Overall, this card may be a good option for college students who are looking to dip their toes into Chase Ultimate Rewards and eventually upgrade to a Chase Freedom® or Chase Freedom Unlimited.

For more information on the best student credit cards of 2019, visit Bankrate’s top picks for student cards.