The Chase Freedom Rise℠ Credit Card, launched in June 2023, is one of the best options for individuals with no credit history. It boasts no annual fee and doesn't require a security deposit, making it highly accessible for beginners. Cardholders earn a flat 1.5% cash back on every purchase and can receive a $25 statement credit after enrolling in automatic payments. Additionally, the card helps users build their credit by reporting to the three major credit bureaus—Experian, Equifax, and TransUnion. However, having at least $250 in a Chase checking account can improve approval odds. The card features a high variable APR and charges a 3% foreign transaction fee. With benefits like a complimentary DashPass membership and purchase protection, the Chase Freedom Rise℠ stands out among credit-building cards. Still, it is not designed for those looking to rebuild bad credit. Overall, it's an excellent choice for newcomers seeking to establish their credit profile.
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