Chase organizes its credit cards into different "families" based on what the card offers. Travel and dining cards are branded with a Sapphire name. Small business cards are Ink-branded. And Chase's cashback-focused credit cards are branded as Chase Freedom credit cards.

Chase currently offers three types of Chase Freedom credit cards to new cardholders: Chase Freedom Flex℠, Chase Freedom Unlimited® and Chase Freedom® Student credit card. The fourth member of the Freedom family is no longer available to new cardholders: Chase Freedom®.

Each of these four no-annual-fee Freedom-branded cards offers a unique set of earning opportunities and benefits. So, you may be wondering if you can get more than one Chase Freedom card. The short answer is yes, it's possible to hold two Freedom cards at once, but there are some limitations. Let's take a look at Chase's policies and strategies for maximizing Chase Freedom credit cards.

Chase Freedom credit cards currently available

Chase offers three varieties of Freedom-branded cards to new cardholders. Here are the currently available Chase Freedom credit cards and the current sign-up bonus for each:

Chase Freedom Flex℠: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

Chase Freedom Unlimited®: Unlimited Matched Cash Back. Chase will automatically match all the cash back you earned at the end of your first year! There is no limit to how much cash back you can earn.

Chase Freedom® Student credit card: $50 Bonus after first purchase made within the first 3 months from account opening.

In addition to solid sign-up bonuses, Chase Freedom credit cards also offer a great way to earn cash back on a variety of everyday purchases. However, the earning rates vary by type of Freedom card. Here's an overview:

Chase Freedom Flex℠: Earn 5% cash back on up to $1,500 on combined purchases in bonus categories each quarter you activate. Earn 5% cash back on travel purchased through Chase, 3% on dining, including takeout, and drugstores, and 1% on all other purchases.

Chase Freedom Unlimited®: Earn 5% cash back on travel purchased through Chase, 3% on dining, including takeout, and drugstores, and 1.5% on all other purchases.

Chase Freedom® Student credit card: Earn 1% cash back on all purchases.

As you can see, the earning rates cross over a bit on the Chase Freedom Flex℠ and the Chase Freedom Unlimited®. However, these cards can complement each other in other ways. By getting both types of Freedom cards, you can earn:

5% cashback on up to $1,500 in purchases each quarter in a rotating category using the Chase Freedom Flex℠.

5% on travel purchased through Chase on either card.

3% on dining and drugstores using either card.

1.5% cashback on all other purchases using the Chase Freedom Unlimited®.

Perhaps best of all, none of the Chase Freedom credit cards charges an annual fee. That means you can earn up to 5% cash back without paying a dollar in annual fees.

Of the three Freedom cards currently available, the Chase Freedom® Student credit card offers the lowest earning rates. However, as the name implies, this card is designed for students just starting to build their credit.

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Understanding Chase bank’s credit card rules

Perhaps the biggest barrier to getting a Chase Freedom credit card is Chase's 5/24 Rule. This unpublished but well-known rule holds that Chase won't approve you for a new credit card if you have opened five or more credit cards from any card issuer in the past 24 months.

When figuring out your 5/24 status, you can't just count credit cards that you opened. Authorized user accounts also count toward your status if the account has been opened within 24 months. However, the good news for small-business owners is that most small-business credit cards don't add to your "5/24" count.