Chase Freedom Cardholder Agreement

Chase Freedom Cardholder Agreement: Understanding the Fine Print

If you are a Chase Freedom cardholder, you have likely read through the cardholder agreement at least once. But have you really taken the time to understand it? Understanding the fine print of your credit card agreement is important, as it can help you avoid costly fees and interest charges. In this article, we will break down the Chase Freedom cardholder agreement to help you better understand its terms and conditions.

Annual Percentage Rate (APR)

The APR is the interest rate you will be charged on any outstanding balances on your Chase Freedom credit card. As of writing, the APR for purchases and balance transfers ranges from 14.99% to 23.74%. The APR for cash advances is currently 24.99%. These rates are variable and can change based on market conditions.

Late Payment Fees

If you miss a payment or make a payment after the due date, you may be subject to a late payment fee. The Chase Freedom card charges up to $39 for late payments, depending on the amount of your outstanding balance.

Balance Transfer Fees

If you transfer a balance from another credit card to your Chase Freedom card, you will be charged a balance transfer fee of either $5 or 5% of the transfer amount, whichever is greater. This fee is important to consider when deciding whether to transfer a balance, as it can add significant cost to the transaction.

Foreign Transaction Fees

If you use your Chase Freedom card while traveling outside of the United States, you may be subject to a foreign transaction fee. This fee is typically 3% of the purchase amount and is charged to cover the cost of currency conversion and other expenses.

Rewards and Benefits

One of the perks of being a Chase Freedom cardholder is the rewards program. You can earn cash back on purchases, with bonus categories changing every quarter. Additionally, you may be eligible for benefits such as extended warranty protection, purchase protection, and travel insurance.


Reading through the Chase Freedom cardholder agreement may seem daunting, but understanding its terms and conditions is important. By familiarizing yourself with the APR, late payment fees, balance transfer fees, foreign transaction fees, and rewards and benefits, you can make informed decisions about how to use your credit card and avoid unnecessary costs.