For students who are able to get approved for the Freedom Unlimited card, yes — it is a fantastic card option. From no annual fee to multiple bonus categories to flexible redemption options, any college student would benefit from the Freedom Unlimited card.
Who qualifies for Chase Freedom Unlimited?
You’ll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better. But a credit score alone isn’t enough to qualify for any credit card. Issuers take into account your income, existing debts and other information.
Is Chase Freedom Unlimited hard to get approved?
The Chase Freedom Unlimited® is designed for people with good credit and better, with a FICO® Score of at least 670. The card will be hard to get with a much lower credit score. That’s not to say applicants with lower scores can’t secure approval.
What credit score is needed for a Chase Freedom student card?
Compare to Other Cards
|Chase Freedom® Student credit card||Discover it® Student chrome|
|Intro APR N/A||Intro APR 0% intro APR on Purchases for 6 months and 10.99% intro APR on Balance Transfers for 6 months|
|Recommended Credit Score 690850good – excellent||Recommended Credit Score 630689average|
Can a full time college student get a credit card?
Student credit cards are designed for college students and are generally easier to get than other kinds of credit cards. The issuer may ask for proof of enrollment and of your income. Depending on your age and income, you may need a co-signer to qualify.
What is a 5 24 rule?
What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase’s 5/24 rule means that you can’t be approved for most Chase cards if you’ve opened five or more personal credit cards (from any card issuer) within the past 24 months.
What is the easiest Chase card to get?
As one of Chase’s no-annual-fee cash back credit cards, the Chase Freedom Unlimited is easier to get approved for than the Chase Sapphire Preferred Card or Chase Sapphire Reserve. And you’re getting a fantastic rewards card out of the deal.
Does Chase give instant approval?
In some instances, Chase gives instant approval on credit card applications. However, this is not guaranteed, and some customers will have their application put into an approval process that can typically take seven to 10 business days.
What is the 524 rule?
The 5/24 rule states that if you have been approved five or more credit cards in the last 24 months, you will automatically be denied any Chase credit card products. This is to help prevent consumers solely applying for credit cards to earn welcome bonuses, then closing the account before the annual fee comes due.
What is the highest credit limit for Chase Freedom?
The Chase Freedom Unlimited credit limit is $500 or more for everyone who’s approved. The most creditworthy applicants can get starting credit limits of $5,000 or higher.
What is the fastest way to build credit?
8 Ways to Build Credit Fast
- Pay bills on time.
- Make frequent payments.
- Ask for higher credit limits.
- Dispute credit report errors.
- Become an authorized user.
- Use a secured credit card.
- Keep credit cards open.
- Mix it up.
Is Chase free for students?
Our flexible Chase savings account with no monthly service fee for students can help you save for your goals during and after college. Take advantage of a credit card created for students that helps build credit and earns cash back on purchases.
How do college students get their first credit card?
It is technically possible to get a credit card on your own, but issuers will require you to have an independent income, which most college students do not have. If you’re under 21 and don’t have your own income, you will need a parent or another trusted adult to co-sign for you on a credit card application.
Does a student credit card build credit?
How Does A Student Credit Card Build Credit? Student credit cards help build credit because issuers will report your payment activity to the three major credit bureaus – Experian™, Equifax® and TransUnion®.
Can you get a credit card as a student with no income?
If you don’t have any form of income, you can open your own credit card account by having a family member co-sign. If your parents or other family members are willing to do so, opening a joint account can help build your credit while giving you access to the rewards and benefits that a student credit card offers.