For others (like me) - the Discover IT offers similar or better benefits, I opted for the Freedom Unlimited ahead of the Freedom. When you start, you may not have too many options it takes time to build up a set of cards that work best for you.Ĭhase Freedom is good for some. You need to look at what you can get, and what you spend on. If you're spending $200 a month - the difference is $24. Groceries : If you're spending 2K a month, and all qualifies - then you get $60 back with the Blue Cash instead of $40 back with the TD. If your spend is only $100 a month on dining - the difference is $12 may not justify tracking multiple different cards. If you spend 5K a month on dining out - 4% back with the Uber Visa is $200, vs 150 back on the TD cash credit. The Blue Cash Everyday gives you 3% on groceries (they exclude Walmart supercenters, so may or may not work) Amex also has the Blue Cash Preferred, with 6% cash back but has an annual fee only if you spend a lot more does it justify the fee. The Uber Visa card gives 4% on dining, including uber eats. No amount of rewards compensates for paying huge interest. In general Chase, Citi and a few others don't seem to like being the "first card" they usually approve cards only after you have a history, so the Chase Freedom may not be for you.ĭifferent cards have different rewards the best ones for you (among the ones you can get) would depend on how much you spend, on what - and only if you pay off the entire amount each month. Just choose the one that will give you the best benefits for what you spend money on. Some like the Citi 2% cashback flat rate card as well for less complications. Chase freedom is just a good all around card. Who cares what others suggest you should know your spending habits the most. ![]() There are specific grocery cards like American express blue cash rewards cards that has a 6% cashback on groceries and a 3% cashback on groceries as well options if you buy a lot of groceries. and just all around cashback in general along with sign up bonuses and referral bonuses. Chase freedom is a great all around card and has benefits like price protection, rotating categories, combined chase card benefits, etc. One for restaraunts and gas and the other for whatever else. I think what a lot of people would just do is get multiple cards. Chase and Discover IT both have quarters where they give 5% cashback in restaraunts, but it isn't usually year round. I don't eat out excessively so restaraunts don't benefit me as much for instance, but maybe you eat out a ton and feel it's worth it for you to get a card that gives 2-3% back on restaraunts. 5% back on fairly common categories is just nice if it fits your spending habits. ![]() I admit my financial literacy is below average, but what am I missing here? To me that math just doesn't add up.Ĭhase freedom just has a bunch of options that fit more people. I also don't travel much, if at all, so travel perks with other Chase cards are really just not that attractive to me. I live in a city where I don't pay for gas that often, so in my mind that would effectively negate the bonus points for at least a quarter of the year with the Chase Freedom. My question is what differentiates this from a card like the TD Cash Credit, which has an equal sign-up bonus and offers 3 points on dining and 2 on groceries (my 2 largest expenses that I pay for with card). There is also the ability to transfer points to a more valuable Chase card that is part of the Ultimate Rewards program. From what I gather, it seems to be the sign-up bonus and 5X rewards in rotating categories that make it so attractive. So I'm looking at options for a first credit card, and I'm consistently seeing the Chase Freedom being highly recommended. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. ![]() Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.The extra 1% cash back compared to a 2% cashback is an additional $10 cash back per $1000 spent. What do you gain by being more selective with your credit card cashback? This is better than my base 2% cash back card ( PAYPAL CC). Review: I personally use this card for increased cash back on the following : LYFT 5%, 3% Restaurants. Use this link to apply so you can earn a bonus. Earn $200 cash back with the Chase Freedom Unlimited® card or the Chase Freedom Flex Credit card freind referral code / link.
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