I have had the Chase Freedom Visa credit card longer than I can remember. I logged into my account and I could view statements back to December 2006, so I opened the Chase Freedom Card before then. I have had the account long enough to experience a substantial change to its rewards program. Originally, the rebate was 5% on all gasoline purchases and 1% on all other purchases. The 5% rebate is no longer always applied to gasoline purchases but instead on rotating quarterly categories. The 2013 Chase Freedom categories are:
Many credit cards require a minimum for rebate redemption or increments of $20. The effect of these terms limits the effective rebate and increases breakage for the bank, the money left on the table by its customers. The Chase Freedom Card has no such onerous restrictions, which makes it a handy fail-safe, no-annual-fee credit card to carry. It is my longest standing credit card, and I cannot imagine not having this credit card for years to come.
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