Yeah so the blog’s previews (& other upcoming post) takes about a few decade to become a full review… but you know, good things comes to those that wait etc. etc.

Cheesy name and cheesy design

If you’re the cable news TV type, you may have noticed the ape-crazy advertising campaign that Chase has set up for the Chase Freedom Credit Card. In fact, as far as I can tell, the Chase Freedom ad is also aggressively marketed on many online news site.

The gist:

  • A cash-back credit card that can be converted to earning points, depending on customer preference.
  • 3% cash back (or points) for every $1 spend at eligible Gas, Grocery, and Quick Service Restaurant purchases.
  • Quick Service (as in fast food joints), but this may also include places such as sandwich, bagel, and coffee shops!
  • 1% cash back (or points) for every $1 spend elsewhere.
  • Save up $200 in cash back and get $250 back! (Essentially 3.75% or 1.25% cash back, depending on purchases).
  • Maximum of $600 in purchase within a billing cycle for the 3% category.
  • Cash back expires in 36 months, while points expire in 60 months.

Mmm cash back on fast food

Pros:

  • 3% cash back may be as good as it gets for now.
  • 3% cash back for trans fat filled burritos, burgers, fries, and donuts! Oh my!
  • 3.75% cash back for those that are patient.
  • No more two-cycle billing method.
  • New Chase site allows for easier cash-back claim and switching to point.

Cons:

  • High interest rate: 14.24% APR for good credit, 18.24% APR for moderate, and finally 23.24% APR for marginal credit. (Prime rate are high these days).
  • 3% international purchase/transaction fee. Yuck.
  • It’s another freaking credit card in your wallet.

Expect a full review soon. And by soon, I mean someday within this lifetime.

Update: Full review of Chase Freedom Credit Card is now available.