Chase Freedom is a cash back credit card product available since 2003 from the largest credit card issuer in the world. Cardholders earn 1% cash back from most card purchases and 5% in select merchant categories. They redeem their rewards via credits on monthly statements or as money deposited in their bank accounts. In 2009 Chase Freedom cardholders gained access to Chase Ultimate Rewards, a loyalty program open to all Chase credit and debit cardholders. Their cash back points could be redeemed for hotel, air, car rental reservations, and private label prepaid cards. This month Chase Fr...