The Chase Freedom Unlimited® Card is a very basic credit card that earns a flat 1.5% cash back on every purchase. Redeem your cash for any amount, with no minimum. Currently, new applicants can earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening.
The Chase Freedom Unlimited® Card has no annual fee, and your rewards never expire as long as your account is open.
This card is great for big spenders, as it offers an unlimited 1.5x back on all purchases. Plus, it offers purchase protection and extended warranty protection. It’s versatile and also acts as a companion to the Chase Sapphire Preferred® Card.
Keep in mind that the Freedom Unlimited® is subject to Chase’s 5/24 rule. This means, Chase will automatically reject applicants who’ve opened five or more cards in the last 24 months.
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Chase Freedom Unlimited Card Summary
With the Chase Freedom Unlimited® Card:
• 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
• Unlimited 1.5% cash back on every purchase - it's automatic
• Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
• No minimum to redeem for cash back
• Cash Back rewards do not expire as long as your account is open
• Free credit score, updated weekly with Credit JourneySM
• No annual fee
Earn an Unlimited 1.5% Cash Back
No need to keep track of bonus categories with the Chase Freedom Unlimited®. This card earns a flat 1.5% cash back on all purchases in the form of Chase Ultimate Rewards® points. In this program, each point is worth 1 cent apiece. There are no limits or caps to how much you can earn.
For a straight-up cash-back card, 1.5% isn’t bad, but it also isn’t great. It’s cash back rewards rate can be better. However, if you’re looking to turn your rewards into more than just cash in your pocket, the Freedom Unlimited can be even better when you redeem for other rewards.
Chase Freedom Unlimited® rewards are accumulated as points through the Chase Ultimate Rewards program. Points can be redeemed for many options, including gift cards, Amazon purchases, travel, and cash back. Points are generally worth 1 cent per point in this manner.
Earn More Point Value
The Chase Freedom Unlimited® is a good card on its own, but it’s even better as a companion to other Chase cards. With more than one Chase card, you could:
- Earn more by splitting your spending between this card and the Chase Freedom® Card.
- The Chase Freedom® earns 5% cash back in quarterly rotating categories and 1% on everything else. Use the Chase Freedom® for purchases in the bonus categories and the Chase Freedom Unlimited® on all other spending to boost your overall rewards earnings. Plus, you can transfer rewards from one account to the other and redeem them all at once.
- Get better redemption value by transferring your rewards to the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® Card.
- If you transfer rewards earned on your Chase Freedom Unlimited® to either Sapphire-branded card, you get more rewards and better redemption options. When you redeem rewards on the Chase Sapphire Preferred® Card through Chase’s travel portal, you’ll get 1.25 cents per point. With the Chase Sapphire Reserve®, you can get 1.5 cents per point. You can also transfer points at a 1:1 ratio to major loyalty programs. These include United Airlines, Southwest Airlines, and SPG/Marriott. You can potentially get an even higher rewards rate.
Either way, you’d earn much more than you would if the Chase Freedom Unlimited® were your only card.
In addition, the Chase Freedom Unlimited® is relatively easy to be approved for. Plus, it can help you build a relationship with Chase if this is going to be your first Chase card so you can get their more valuable cards later. These include the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve® Card.
The Chase Freedom Unlimited® Card is great to carry if you are looking for a flat-rate cash back rewards card. It certainly delivers high ongoing value at a low cost. Redeem for cash back in any amount or transfer your points earned to your Chase Sapphire Preferred® or Chase Sapphire Reserve®. Or, pair it up with the Chase Freedom® and use it when you won’t get that 5% bonus cash back on non-qualifying categories.
With no minimum redemptions and plenty of options for cashing in on rewards, it a good amount of flexibility as a Chase card. It doesn’t come with the highest flat-rate cash-back rate around, but for those looking for a card that offers versatility and value, this one is a solid choice.
If this offer suits your needs, don’t hesitate to sign up. If not, check out other credit card promotions and what they offer, here on BCS.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airline, or hotel chain, and has not been reviewed, approved, or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone, not those of the bank, credit card issuer, airline, or hotel chain, and have not been reviewed, approved, or otherwise endorsed by any of these entities.