Chase Freedom Rise Payoff Calculator 2026

Card data, May 13, 2026

• Issuer: Chase Bank USA, N.A.
• Network: Visa
• APR: 26.74-29.99% variable on purchases and balance transfers
• Annual fee: 0 dollars
• Rewards: 1.5% cash back on all purchases (no bonus categories)
• Intro APR: none
• Balance transfer fee: 5% (minimum 5 dollars)
• Late fee: up to 40 dollars
• Foreign transaction fee: 3%
• Target audience: thin-file applicants (FICO typically 580-670)
• Credit limit: typically 500-3,000 dollars at opening

Source: Chase Freedom Rise terms, verified 2026-05-13.

Why the APR is so high

The Freedom Rise is structured for borrowers with limited credit history. Limited history correlates with elevated default rates in the CFPB 2025 Consumer Credit Card Market Report data. Chase prices that risk into the APR. The headline 26.74% floor exceeds even subprime general-purpose card averages reported by the Federal Reserve in G.19 Consumer Credit.

The implication for a Freedom Rise cardholder: carrying any balance is expensive in absolute terms, and meaningfully more expensive than carrying the same balance on a Freedom Unlimited (typical APR 24%) or any other prime-credit Chase product.

Worked scenarios at the Freedom Rise APR

Scenario 1: 3,000 dollar balance, 28.37% APR midpoint

• 100 per month: 46 months payoff, 1,856 dollars total interest
• 150 per month: 27 months payoff, 1,068 dollars total interest
• 200 per month: 19 months payoff, 716 dollars total interest
• Minimum only (about 85/month declining): 184 months and 4,800+ dollars interest

Scenario 2: 5,000 dollar balance, 28.37% APR midpoint

• 150 per month: 60 months payoff, 4,008 dollars total interest
• 250 per month: 27 months payoff, 1,780 dollars total interest
• 400 per month: 15 months payoff, 1,000 dollars total interest

The pillar tool accepts the Freedom Rise APR range. Find your exact rate on the most recent periodic statement, which is required to disclose your purchase APR per 15 U.S.C. § 1637 Truth-in-Lending periodic statement rules.

Rewards-versus-interest break-even

The 1.5% cash-back rate produces 1.5 dollars per 100 dollars spent. At 28.37% APR (midpoint), interest accrues at roughly 2.36 dollars per 100 dollars of carried balance per month. The break-even point is under 19 days of carrying a single dollar before interest exceeds the cash back earned on it. For practical purposes, every dollar of carried balance on the Freedom Rise is a net loss to the cardholder.

Why no intro APR

Starter cards typically lack 0% intro APR offers because the underwriting model targets borrowers who are unlikely to qualify for balance transfer cards elsewhere. Without competitive pressure from transfer offers, the issuer captures full interest on the full balance from day one. This is documented in CFPB credit card market reports and is a structural feature of the entry-level credit market.

The right play: pay in full from day one

Because the Freedom Rise has both a high APR and no intro period, the cardholder optimum is straightforward: do not carry a balance. Use the card for small recurring charges (a streaming subscription, a phone bill) that you can pay in full each month from a linked checking account. Set up autopay for the full statement balance. Build the on-time payment history that drives FICO score improvement.

The behavioral function of the Freedom Rise is credit-building, not borrowing. Treating it as a borrowing tool produces poor outcomes because of the APR structure.

If you already carry a balance

Avalanche priority: the Freedom Rise is almost certainly the highest-APR card in any cardholder’s wallet (26.74-29.99% exceeds nearly all other consumer credit card products). Under the debt avalanche method, pay minimums on every other card and put every extra dollar on the Freedom Rise.

Balance transfer alternative: if your credit score has improved since opening the Freedom Rise, applying for a dedicated balance transfer card may be possible. Candidates:

• Discover it Balance Transfer: typically 18 months 0% on transfers, 3% fee, accepts FICO 670+
• Wells Fargo Reflect: typically 21 months 0%, 5% fee, accepts FICO 670+

On a 3,000 dollar Freedom Rise balance at 28.37%: status quo costs 1,068 dollars interest over 27 months at 150/month. Transfer to 18-month 0% with 3% fee (90 dollars): paid in 18 months at 172/month, total cost 3,090 dollars. Savings: 978 dollars. The balance transfer calculator handles your exact numbers.

Path to a better Chase card

After 12 to 18 months of on-time Freedom Rise payments, your FICO score should improve enough to qualify for a Freedom Unlimited or Freedom Flex (typical entry FICO 670+). Chase typically allows product change from Freedom Rise to those cards without a hard pull, preserving the account history. The product change drops your APR by 4-6 percentage points and unlocks the 0% intro APR offer on balance transfers (15 months typical) if you have a balance to transfer at the time of the upgrade.

Authoritative sources

• Chase Freedom Rise Schumer box and terms, Chase Bank USA, N.A., verified 2026-05-13
• CFPB 2025 Consumer Credit Card Market Report, accessed 2026-05-13
• Federal Reserve G.19 Consumer Credit, accessed 2026-05-13
• 15 U.S.C. § 1637 Truth in Lending Act periodic statements, Cornell Law

Sibling Chase cards

• Chase Freedom Unlimited payoff calculator
• Chase Freedom Flex payoff calculator
• Chase Slate Edge payoff calculator

Related tools

• Credit card payoff calculator (home), pillar tool
• Credit card payoff by card type, full hub
• Balance transfer calculator
• Avalanche vs snowball method

Frequently asked questions

What is the APR on the Chase Freedom Rise?

26.74-29.99% variable as of May 13, 2026, per the Chase Freedom Rise pricing page. The Freedom Rise is positioned as a starter card for thin-file borrowers, so APRs sit at the top of Chase’s published range. The card has no annual fee, so APR is the only direct cost of carrying a balance.

Does Freedom Rise have a 0% intro APR period?

No. Unlike the Freedom Unlimited and Freedom Flex, the Freedom Rise typically has no intro APR offer on purchases or balance transfers. New balances accrue interest at the standard variable purchase APR (26.74-29.99%) from posting date once the grace period is forfeited.

What credit score is needed for Freedom Rise?

Chase publicly markets the Freedom Rise as available to applicants with limited or no credit history (thin file), including those with FICO scores in the 580 to 670 range. Approval is more accessible than for Sapphire or Freedom Unlimited, which target the 670+ range per Chase’s underwriting guidelines.

How long to pay off 3,000 dollars on Freedom Rise?

At 28.37% APR midpoint and 150 dollars per month, payoff takes 27 months and costs about 1,068 dollars in interest. At 100 per month, 46 months and 1,856 dollars. Minimum payment only stretches payoff beyond 15 years and total interest exceeds 4,800 dollars per the CARD Act disclosure.

Can I upgrade Freedom Rise to a Sapphire or Freedom Unlimited?

Yes. After 12 to 18 months of on-time payments, Chase typically offers product change requests from Freedom Rise to Freedom Unlimited, Freedom Flex, or Sapphire Preferred without a hard pull. The account history is preserved, including the original opening date for average-age-of-accounts calculation in FICO scoring.