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This promotion has ended.

The Chase Freedom(SM) card was very popular about a year or two ago because if offered a cash back bonus after your first purchase and a very generous cash back rewards structure. In the last year, with the credit crisis and the tightening of credit, the card has gone through a few changes but still remains a very competitive cash back credit card.

$50 Cash Bonus

The current credit card offer is a $50 cash back bonus after your first purchase, which is the best offer I know of for cards with no annual fee. Other credit cards are offering higher new account bonuses but they will usually have an annual fee, typically waived the first year. The higher bonus amount is used to offset the annual fee.

0% Intro APR

When you apply, you will be offered a 0% APR on purchases and balance transfers: 0% for up to 6 months on purchases, and 0% for up to 12 months on balance transfers, based on your application and credit history. With the holidays coming up, it could be a great way to pay for gifts now and spread the cost out across six or twelve months (pocketing the interest along the way as you put the money in a high yield savings account ^[3]).

I would only use this strategy if I already had the cash for the gifts, I don’t recommend borrowing on credit for things you can’t otherwise pay for. That’s how you get yourself into trouble. Big trouble.