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Valued Member
mgeorges
Posts: 52
Registered: ‎05-26-2009

Difference between Chase Freedom and Freedom Signature?

I have been reading posts about people talking about the freedom and the freedom signature just curious what the difference is?

Mega Contributor
Creditaddict
Posts: 16,906
Registered: ‎10-23-2007

Re: Difference between Chase Freedom and Freedom Signature?

Difference is Freedom Signature will report highest balance not credit limit.... Regular Chase reports CL.

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200
Valued Member
mgeorges
Posts: 52
Registered: ‎05-26-2009

Re: Difference between Chase Freedom and Freedom Signature?

[ Edited ]

Creditaddict wrote:

Difference is Freedom Signature will report highest balance not credit limit.... Regular Chase reports CL.


Is that a good thing or a bad thing? :smileysad:

 

If it is good how can i upgrade to signature?

Valued Contributor
boomhower
Posts: 1,862
Registered: ‎09-20-2011

Re: Difference between Chase Freedom and Freedom Signature?

The signature requires a minimum CL of 5k sob you need that before you can ask to be PC. The downside is that with that CL not bring reported your utilization will suffer, but if you PIF everything that is a moot point. I'm not sure what other perks the siggy version gets you.
Valued Contributor
trumpet-205
Posts: 1,964
Registered: ‎11-11-2010

Re: Difference between Chase Freedom and Freedom Signature?

You highest balance becomes that cards CL. Depending on the scoring model, it may be beneficial or negative against you. Though such impact will be minimal.

 

I wouldn't worry about it. The whole no CL reporting is overhyped.

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | BofA Travel Rewards (07/2011) | Chase Freedom (11/2011)
GECRB/PayPal (05/2012) | Discover it (07/2012) | US Bank Cash+ (08/2012) | AMEX BCE (09/2012)
Target (10/2012) | Chase Ink Classic (11/2012) | BofA Balance Rewards (04/2013) | FNBO/Overstock (02/2014)

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