More cards are offering this service, but not every card provider currently does. You’ll also have free access to your credit score through Chase’s Credit Journey program. For each of the first five years, if your Chase account is in good standing - meaning your account stays open and is not in default - you earn a $20 reward after your card opening anniversary date. The Chase Freedom Student card offers good support for credit building with its Good Standing reward. With the Chase Freedom Student card, you just have to make any purchase – even if it’s just a pack of gum. Credit cards with higher welcome bonuses often require you to spend hundreds or thousands of dollars within a set timeframe to earn the bonus. Its value - $50 after making your first purchase within three months of opening your account - is mediocre compared to other student credit card welcome bonuses, but the requirements to earn this bonus are much more flexible. While not all student credit cards offer a welcome bonus, the Chase Freedom Student credit card does. You can redeem your points for cash, travel or gift cards. Technically, cash back rewards are earned in the form of points, where 1 point equals 1 cent. You’ll earn 1% on all of your purchases, with no additional rewards categories. The Chase Freedom Student’s cash back rewards are a little lackluster compared to other student credit cards. Note that this is also one of the few student credit cards with foreign transaction fees, so it’s not a good option if you study abroad or want a credit card for overseas travel. While none of these features themselves particularly stand out, Chase does have some credit-building features that outrank its competitors. Still, it does offer a standard set of features: A welcome bonus, a rewards program and no annual fee. While Chase is usually one of the most competitive credit card issuers for cash-back credit cards, business credit cards and travel credit cards, its student credit card option is a little more restrictive than competitors. The Chase Freedom® Student credit card* is one of a handful of credit cards specifically designed for college students - so you’ll need to be enrolled in a college, university, career school or trade school to qualify. Student credit cards offer scaled-down rewards in exchange for taking on the risk of cardholders with brief credit histories. Earn 1% cash back on all purchases plus $20 Good Standing Rewards after each account anniversary for up to 5 years
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