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JPMorgan Chase & Co.'s Chase Card Services unit has added a statement credit feature to its Freedom rewards card. Consumers can select the amount of a purchase made in the last 60 days, then apply their rewards points to cover the purchase cost. Elizabeth Gula, Chase first vice president, tells CardLine Chase wanted to add flexibility to the Freedom card. "Chase Freedom already is giving customers the choice on how they can earn rewards, and now we're expanding on what they can redeem the points for," says Gula. Chase Freedom enables cardholders to earn triple cash-back or reward points from their top three of 15 spending categories, including gas, grocery stores and department stores. Chase launched television and online ads for the statement credit feature on Monday and will launch a print campaign in August, says Gula.

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