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Chase has long been a force to be reckoned with when it comes to rewards credit cards, and the recent addition of the Chase Freedom Unlimited cash back card makes their portfolio even stronger. By offering a consistent cash back rate on every purchase, the Chase Freedom Unlimited? lets cardholders earn rewards without having to worry about any rotating categories. Let’s dive in to the details of the Chase Freedom Unlimited credit card to see if it deserves a spot in your wallet.
Cash Back Has Never Been Easier
The Chase Freedom Unlimited gives 1.5% cash back on every purchase. So if you’re the kind of consumer who wants to earn generous credit card rewards without having to keep track of different bonus categories, then this is the card for you. Another great feature is that you can redeem your cash back for any amount at any time. Most credit cards won’t let you redeem rewards until you have a certain amount built up, so while this is a small perk, it’s always nice to have some extra flexibility.
As a welcome bonus for new cardholders, you earn $150 cash back after spending $500 on the card in the first 3 months from account opening. This card gets its name from the fact that there are no limits to the amount of cash back you can earn; you’ll automatically receive 1.5% back without having to worry about enrolling in any special programs.
This is a nice change from the popular Chase Freedom® card which offers 5% cash back in certain rotating categories, but the bonus is limited to the first $1,500 of purchases in that category each quarter. Also, you have to enroll in the 5% program every time the category changes. If you forget to enroll by the end of the bonus period, you might completely miss out on earning your 5% cash back for that portion of the year. The Chase Freedom Unlimited credit card won’t make you jump through any hoops to earn rewards!
Rates and Fees
In addition to the generous cash back rewards program, the Chase Freedom Unlimited has some built in features that cardholders will love. There is no annual fee with this credit card, and you'll also enjoy a nice intro APR of 0% for 15 months on purchases and balance transfers. This could really come in handy if you want to pay off a high interest rate balance on another credit card or finance a big purchase with no interest. After the intro period is up, the ongoing APR will be 15.49% - 24.24% Variable based on your creditworthiness.
More Great Credit Card Offers from Chase
The beauty of Chase rewards credit cards is that if you have multiple credit card accounts, you can easily combine all of your rewards into one. This allows you to take the cash back rewards you earn with the Chase Freedom or Chase Freedom Unlimited and use them for travel redemptions with the Chase Sapphire Preferred® Card. Here are a few of most popular credit cards from Chase:
Chase Freedom®: As the original cash back credit card from Chase, this card offers 1% cash back as well as 5% back in certain rotating categories. The 5% categories usually include things you already spend your money on like gas, groceries, dining, and Amazon.com. Just like with the Chase Freedom Unlimited, this card gives you a $150 cash bonus if you spend $500 with your card in the first 3 months. There is also no annual fee and 0% APR for 15 months. The ongoing APR on the Chase Freedom is 15.49% - 24.24% Variable.
Chase Sapphire Preferred® Card: This credit card offers excellent travel rewards with your everyday spending. Cardholders earn 2x points on travel and dining as well as 1x points on all other purchases. There is currently a huge sign up bonus of 50,000 points for new cardholders who spend $4,000 in the first 3 months. Points with the Chase Sapphire Preferred can be redeemed for 1.25 cents per point through the Chase online portal, or by transferring points 1 for 1 for a number of airline frequent flyer programs and hotel loyalty programs.
Chase Slate®: If you’re more interested in saving money with a balance transfer than earning rewards, then the Chase Slate is the card for you. This card comes with 0% intro APR for 15 months on purchases and balance transfers, but what really makes it stand out is that there is no fee for balance transfers made within the first 60 days. There is also no annual fee with this credit card, and the ongoing APR is 13.24%-23.24% Variable based on your creditworthiness.
The Bottom Line
The Chase Freedom Unlimited is a solid cash back credit card that lets you earn unlimited rewards on every purchase. The combination of a generous rewards program, a nice intro APR, and no annual fee makes this credit card a great choice for almost any consumer. Apply for the Chase Freedom Unlimited today to start earning cash back and saving money!
*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.