This is by far the lamest excuse for innovation in the rewards / loyalty world that I have seen in decades. The claim to fame of the Freedom Card is that you can alternate back and forth between points and cash-back. Seriously, this should be called the Boredom Card.
I can't belive that they would spend the big bucks required for primetime TV ads on a such a ho-hum value proposition.
Here's what you get ...
-- No annual fee
-- 3% cash back or points on grocery stores, gas stations, and QSRs (quick service restaurants
-- 1% cash ack or points everywhere else
You'd be better off getting a Discover card where you can get 5% cash back on everyday purchase and 1% everywhere else.
Nice try Chase.