Freedom Rise | Chase Starter Credit Card (2024)

FAQs

How hard is it to get approved for Chase Freedom Rise? ›

Chase does not require a prior credit history to qualify for a Freedom Rise card. Something else that may help is opening a Chase checking account and depositing at least $250 within three days of submitting the credit card application.

You have to be at least 18 years old to apply for a credit card, and you have to show proof that you can make payments. In most cases, you'll need to have an established credit history, but some student cards and secured cards are designed for individuals who are new to credit.

The starting credit limit for the Chase Freedom Rise℠ is $500 or more. Everyone who gets approved for the Chase Freedom Rise℠ is guaranteed a credit limit of at least $500, and particularly creditworthy applicants could get limits a lot higher than that.

If you have a long history of late or missing payments, delinquent accounts and/or bankruptcy, a prospective lender will have a harder time taking a chance that you'll be a reliable borrower. In this case, the lender may say no and you'll need to rely on other means to build your credit history.

Most successful applicants have good credit or excellent credit. Chase Freedom Unlimited® credit score: 670 or higher here as well. Chase Freedom Rise℠ credit score: no minimum credit score but it is designed for consumers who are building credit. You can potentially qualify for it even with no credit history.

No credit history required

Although it's an unsecured card and thus doesn't require an upfront deposit as collateral, applicants can increase their chances of approval by having or opening a Chase checking or savings account with a minimum balance of $250 within two days of applying.

If you're just starting out, a good credit limit for your first card might be around $1,000.

Generally speaking, a good credit score is 690 to 719 in the commonly used 300-850 credit score range. Scores 720 and above are considered excellent, while scores 630 to 689 are considered fair. Scores below 630 fall into the bad credit range.

Make sure you've picked the right card

For example: Freedom Rise℠ is a great first credit card. It has no annual fee and lets you earn cash back while you build your credit.

Is Chase Freedom a good first credit card? ›

First-time credit card users may find the Chase Freedom Unlimited^® credit card useful thanks to a low annual fee and low intro APR period of 15 months. In addition, the rewards program is easy to manage and redeem for experiences and services that are important to you.

Yes, you can get Chase Freedom Rise℠ without a Social Security number (SSN), so long as you have an Individual Taxpayer Identification Number (ITIN). Like most major issuers, Chase requires one of these means of identification to apply for a credit card.

Credit invisibility can make things like getting approved for a credit card or a loan more difficult or costly. It's possible to get a credit card with no credit. You might consider applying for a secured credit card, student credit card or retail store credit card to help establish and build your credit.

A credit card application can get denied for various reasons: low credit score, high credit utilisation ratio, insufficient credit history, etc. You can improve your creditworthiness by following the best financial practices and increase the chances of your application getting approved.

It may be possible to get a credit card – but your chances of approval are low. This is because an Experian Credit Score of 560 or below is considered very poor. Also, remember that every credit application you make will temporarily reduce your score.

Yes, Chase may automatically increase a credit limit for eligible cardholders. Credit card issuers like Chase consider several factors before offering an automatic increase, like the cardholder's credit score, credit utilization rate and how long a credit account has been open.

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: Chase Sapphire Reserve® is one of the hardest credit cards to get approved for by virtue of the fact that it is one of the best rewards cards on the market. From its initial bonus of 75,000 points to the ...

Anyone applying to a sought-after Chase card like Chase Freedom Unlimited will likely have a better chance of approval with a score of at least 670, but higher is always better. Just as a score of 670 or above doesn't guarantee approval, having a score lower than 670 doesn't guarantee a rejection.

While there isn't a specific income requirement for a card, evaluating your access to income allows a bank to determine your credit health and whether or not they want to lend you money based on their confidence in your ability to make your payments.