Earn a $50 bonus after first purchase made within the first three months from account opening.
Chase Freedom® Student Credit Card
Our Mission
At Daily Drop, our mission is simple: to help you explore the world affordably and experience life-changing travel by maximizing miles and points. Our team of travel and credit card experts is here to help you make decisions about which cards belong in your wallet. Based on your travel goals, we offer unbiased advice to help you make the best choices. Keep in mind that our suggestions require responsible credit card use.
Rating Methodology
Here at Daily Drop, we score credit cards using a proprietary formula based on dozens of metrics across six key categories: annual fee, welcome offer, rewards rates, redemption value, benefits & perks, and travel protections. Higher scores indicate better overall value.
We net the annual fee against statement credits you'll likely use and focus on a welcome offer's true return on spending (ROI) rather than just the headline number. We value rewards by their actual worth in cents per point, which is why flexible, transferable points typically score highest. APR is not a standalone scoring category because we recommend paying in full to maximize points and miles, but an intro 0% APR counts as a perk.
Our reviews are editorial and experience-driven. Our team has earned and redeemed millions of miles and points and tested these cards around the world. After all, we would not be Daily Drop if we were not practicing what we preach.
Read our full methodology for more information.
Pros & Cons
Pros
- A simple and rewarding cashback structure with bonus categories that align with students' spending
- No annual fee, reducing the cost of card ownership for students on a budget
- Access to credit journey tools to monitor and improve your credit score
- The opportunity to increase your credit limit over time by using the card responsibly
Cons
- The bonus categories rotate quarterly, so students need to keep track of the changing categories
- The card is designed for students, so it may not offer the premium benefits of some other Chase cards
Rewards Summary
- 1% cash back on all purchases
- 5% cash back on qualifying Lyft rides through March 2025
- An extra $20 after each account anniversary for the first five years
- A credit limit increase after five on-time payments during the first 10 months
- Unlimited access to your credit score through Chase's Credit Journey tool
Recommended Credit
The recommended credit score for the Freedom Student Card is limited or no credit history.
Daily Drop credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Our Experts
Written by: The Daily Drop Team
Updated:Jul 3, 2026
Editorial disclaimer: opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Information was last updated Jul 3, 2026.