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Chase Freedom Unlimited Review

Chase Freedom Unlimited Review

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This article was last updated Sep 22, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

If you’re looking for a credit card that earns a generous amount of cash back on every purchase you make, you should consider the Chase Freedom Unlimited®. We break down the pros and cons of the Chase Freedom Unlimited® card, and show how it compares to the Chase Freedom Flex℠ – which also offers cash back in a variety of popular categories.

Chase Freedom Unlimited®

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  • 0% Intro APR for 15 months on purchases

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.

  • 14.99% - 23.74% Variable

Highlights
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn unlimited 1.5% cash back on all other purchases.
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
  • No annual fee
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open

See additional details for Chase Freedom Unlimited®

More Info

Chase Freedom Unlimited® pros

Cashback sign-up bonus. Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.

Rewards on every purchase. Earn 5% cash back on travel purchased through Chase, 3% on dining and drugstores, and 1.5% on all other purchases.

Chase Freedom Unlimited® rewards – which won’t expire as long as your account remains open and in good standing – can be redeemed for cash, gift cards, travel or products and services. You can also use your points to pay for all or part of purchases at participating Chase Pay merchants.

Intro APR on purchases. The Chase Freedom Unlimited® card offers a 0% Intro APR for 15 months on purchases. This gives you more than a year to pay off large purchases without incurring interest charges. Once the introductory period ends, you will be subject to interest charges at an APR of 14.99% - 23.74% variable on any remaining balance.

Annual fee. The Chase Freedom Unlimited® card comes with a $0 annual fee – which is pretty typical for a consumer credit card that offers a flat cashback rewards rate.

Best Flat-Rate Cashback and Rewards Credit Cards

Additional Chase Freedom Unlimited® benefits:

  • DoorDash membership. Complimentary three-month membership to DashPass from DoorDash, when you activate by Dec. 31, 2021.
  • Rewards on Lyft. Earn 5% cash back on Lyft rides through March 2022.
  • Purchase protection. Covers new purchases against damage or theft for 120 days against damage, up to $500 per claim and $50,000 per account.
  • Extended warranty protection. Receive an additional year of protection beyond the time period of the U.S. manufacturer’s warranty (on eligible warranties of three years or less).
  • Free FICO® Score. Free and unlimited access to your credit score through Chase Credit Journey.
  • Fraud protection. Real-time fraud monitoring for possible signs of unauthorized activity.
  • Zero-liability protection. You won’t be liable for any unauthorized charges.

Chase Freedom Unlimited® cons

No intro APR on balance transfers. If you have a large amount of high interest credit card debt that you want to transfer, the Chase Freedom Unlimited® card may not be a good fit, since the card does not offer a 0% intro APR on balance transfers. Additionally, the card charges a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.

Best Balance Transfer Credit Cards

Higher cashback rates available on general purchases. While the ability to earn 1.5% cash back on general purchases is satisfactory, there are several flat-rate cards available that offer 2% cash back on every purchase.

Compare it with the Chase Freedom Flex℠

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.

  • 0% Intro APR on Purchases for 15 months

  • 14.99% - 23.74% Variable

Highlights
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.

See additional details for Chase Freedom Flex℠

More Info

If you want the opportunity to earn an elevated cashback rate in a broader range of categories, the Chase Freedom Flex℠ card may be a better fit. In addition to rewards on dining, drugstore and Chase travel purchases, cardholders earn cash back in a variety of categories that rotate each quarter, such as PayPal and Walmart:

Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases. Note, the 5% cashback rate on rotating categories can be earned on the first $1,500 in combined purchases each quarter upon activation.

Additionally, the Chase Freedom Flex℠ card offers the following sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.

See how the cards stack up side by side.

Chase Freedom Unlimited® vs. Chase Freedom Flex℠

 Chase Freedom Unlimited®Chase Freedom Flex℠
Annual fee$0$0
Sign-up bonusEarn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
Rewards rateEarn 5% cash back on travel purchased through Chase, 3% on dining and drugstores, and 1.5% on all other purchases.Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases.
Purchase APR0% Intro APR for 15 months, then a 14.99% - 23.74% variable APR applies0% Intro APR on Purchases for 15 months, then a 14.99% - 23.74% variable APR applies
Foreign transaction fees3% of each transaction in U.S. dollars3% of each transaction in U.S. dollars

If you max out the Chase Freedom Flex℠ card’s spending limit on rotating categories each quarter, you can earn $300 cash back on those purchases alone at the end of the year. Once you factor in the sign-up bonus, that amount jumps to $500 during the first year of card membership.

That said, if you don’t activate the Chase Freedom Flex℠ card’s bonus categories each quarter, you will only earn 1% cash back on those purchases. By contrast, the Chase Freedom Unlimited® card offers a higher cashback rate of 1.5% on general purchases.

Which credit card is best for me?

The Chase Freedom Unlimited® card is a great option for those who want to earn a good cashback rate in popular spending categories as well as general purchases. But if you want the opportunity to earn an elevated rewards rate in categories that rotate quarterly – and don’t mind activating bonus categories or keeping track of spending limits each quarter – the Chase Freedom Flex℠ card may be a better fit.


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