![]() If you used your Chase Freedom Student card to pay for those $1,298 worth of transactions, you'd earn $12.98 in rewards at the 1% cash back rate. To put those numbers in perspective, consider that The College Board reported that a student at a public four-year university spends $1,298 per year on books and other supplies. After that, use it to pay for all of your routine expenses, such as gas, groceries, utility bills, and textbooks, to earn 1% cash back. To get the most value from your card, make sure you use your Chase Freedom Student card to make a purchase within the first three months of opening an account to qualify for the $50 bonus. While this card doesn't allow you to transfer points to hotel and airline partners, if you have another card that does, you could first transfer points from this card to that one. The Chase Freedom Student card allows you to transfer your points to another Chase card with Ultimate Rewards, as long as that account belongs to you. You can redeem your rewards for cash, gift cards, travel, and even pay for transactions with your balance at select retailers. The exceptions are balance transfers, cash advances, and other cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind. However, you should know that not all transactions qualify for 1% cash back. If you spent $1,000 on purchases, that means you’d get $10 in cash back rewards. The Chase Freedom Student card has a flat rewards structure: You'll earn 1% cash back on every purchase. So something as modest as groceries or sheets can earn you an extra $50. You can earn the reward for making any purchase, no matter how small. You’ll get a $50 bonus when you make your first purchase if you do it within three months of opening your account. While most credit cards require you to spend a certain amount to qualify for a bonus, the Chase Freedom Student card is different. Your rewards never expire, and there is no minimum amount you have to redeem to get the cash back. You’ll earn 1% cash back on every purchase you make, period. The Chase Freedom Student card is best for college students who want a simple card to earn rewards, without having to worry about activating or keeping track of spending categories. For example, the Journey Student credit card from Capital One has no annual fee and doesn’t charge any foreign transaction fees. ![]() Over time, those fees can add up, potentially costing you hundreds of dollars-especially if you’re doing a summer internship or a study-abroad program. If you plan on traveling outside the country, consider applying for a credit card that doesn’t charge a foreign transaction fee. The Chase Freedom Student card charges 3% on every purchase you make outside of the country.
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