Students can earn a 50 bonus after making a purchase within the first three months of account opening. Through March 2025, the card also earns 5% back on qualifying Lyft purchases. Balance transfers, cash advances, traveler’s checks, lottery ticket purchases and fees don’t count for rewards, but you’ll earn cash back on just about everything else. The Chase Freedom Student Card offers a flat-rate 1% cash back on all qualifying purchases. Strong credit will get you more than a premium credit card: Here are 5 benefits of a good credit score. New cardholders earn a $50 bonus after making a purchase within the first three months of account opening. When you keep your balance low and make on-time payments, you’re building a positive credit profile that can help you qualify for some of the best rewards cards in the future. When you factor in the cash-back rewards rate of 1% on all purchases, savvy students can even save some money on their purchases made with the card. Know that if a balance is not paid off in full, the card’s ongoing APR will apply to any unpaid balance. The card has no annual fee, and as long as the balance is paid off in full by the monthly due date and certain fee-bearing activities are avoided (such as cash advances), students can borrow and repay with the card for free. That’s extra motivation to build good credit habits, such as paying on time every time, and puts your credit score on the right path. In addition to a new cardholder bonus and 1% back on all purchases, users can also earn $20 per year for keeping the account in good standing for up to five years. The Chase Freedom Student Card is a simple cash-back credit card with features and rewards custom-tailored to students.
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