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Review on the Chase Freedom Unlimited

Chase Freedom Unlimited

The card with flat-rate cash back and benefits in terms of redemption options.

The card has a certain advantage over its competitors – it allows you to choose from a variety of redemption options each time you decide to redeem.

The card offers you the rewards rate of 1,5% on any purchases you make with it. However, it’s not the thing that makes it so popular. Its popularity has to do with the fact that there are lots of redemption options. Apart from the opportunity to redeem the rewards earned as a statement credit or a check to be sent to you via mail, you can also use the rewards to book your future trips. In addition, you can transfer the bonuses to another Chase card that you have with the view of making more use of them.

The Chase Freedom Unlimited® is truly the best card out of those that imply cash back. Besides, if you already have either the Chase Freedom® and the Chase Sapphire Preferred® Card, you won’t find a better card to use in combination with them.

Description of the card

Advantages:

  • You’re not expected to pay any annual fee.
  • A wide variety of redemption options and high rewards rates.
  • A very long “bonus” period in terms of APR.
  • A very appealing sign-up bonus.

Disadvantages:

  • No bonus categories to activate in order to get the highest cash back possible.
  • There is a fee for the transactions carried out abroad.
  • Your credit score should be either good or excellent if you want to be approved for the card.

Chase Freedom Unlimited®

Chase Freedom Unlimited

  • APR Offer for those applying for the card first time. There is no fee on any purchases and balance transfer operations you make during the first 15 months.
  • APR that occurs after the “bonus” period. Standard APR amounts to 15.99 – 24.74%. The rate varies. Cash Advance APR amounts to 25.99% but can also vary. No annual fee is implied.
  • Special Offer. Make sure that you spend at least $500 during the first 3 months of using the card. If you meet this requirement, you’ll get a bonus – $150.
  • No annual fee to pay.

More information on the card:

  • You get a bonus of $150 for the purchases you make during the first 3 months. The total sum to be spend is $500.
  • You get cash back on every purchase you make. The rate amounts to 1,5%.
  • There is no APR on the purchases and balance transfers carried out during the first 15 months. After that, the APR of 15.99-24.74% will apply. The minimum sum of money to transfer is $5 and the fee for carrying the operation out amounts to 5% from the total sum.
  • The sum you can redeem for cash back is not limited.
  • As long as your account is active, your rewards do not expire.
  • There is no annual fee to pay.

Information on the features of the card

The Chase Freedom Unlimited® has an easy to understand rewards structure. It has no limits or any kinds of restrictions concerning your redemption options and maximal sums to spend during a certain period of time. You just get rewards for every purchase you make and you can spend as much money as you want during each quarter of a year.

  • Your rewards rate: 1,5%.
  • Special Offer: You can earn $150 provided that you manage to spend $500 within the first 3 months of using the card.
  • No annual fee to pay for using the card.
  • You can redeem your points as cash back. Alternatively, you can transfer Ultimate Rewards to other Chase credit cards. This is, of course, in case you have any of them. The Rewards can also be redeemed as gift cards or used to book trips via Chase website. It’s also possible to redeem the Rewards at some point of sale terminals. However, to do it you’ll have to use the official application of the emitting bank.

There is no doubt that the card is rather beneficial. Still, you can get some more benefits if you use it in combination with another different card. Below we provide information on what exactly benefits you’ll have in case you have a different Chase credit card.

Chase Freedom card

  • You can earn more cash back if you split the sums you spend between this card and the Chase Freedom® card. This card offers a cash back of 5% on the purchases made in activated bonus categories. If you have the Chase Freedom® card, you can use it for the purchases in the bonus categories. As for the Chase Unlimited card, you can use it for all the rest purchases. As a result, you’ll manage accumulate more rewards on your account and save more money. Besides, you’ll be able to transfer all the rewards onto one account and redeem them at once.

Chase Sapphire Preferred Card

  • You can get more value for your rewards if you transfer them to the Chase Sapphire Preferred® Card. The Proffered Chase card has better redemption options. Moreover, when choosing to redeem via the Chase official travel portal, the value of each of your bonuses will be increased up to 1.25 cents. You’ll also have a possibility of transferring your rewards without any loss in terms of their value to well-known loyalty programs of British Airways, United Airlines and Hyatt.

Actually, it’s not a big deal if you don’t have any other Chase card. The Chase Freedom Unlimited® is beneficial on its own. However, if you do have any other Chase cards, you can earn more rewards when using them in combination with this card.

The reasons for you to consider applying for the card

The card promises a rather high rewards rate for every purchase made. The fact that there is no fee that you’re expected to pay each year speaks in its favor as well. There are also some other benefits to pay attention to if you’re doubting whether or not to get the card.

  • No restrictions in terms of redemption. The card has no minimal sums in terms of redemption. This is very convenient. This is the benefit that some very popular credit cards don’t have. For example, the Citi® Double Cash Card – 18 month BT offer implies the minimal sum of $25 to be redeemed. With this card you can redeem anytime you want.
  • A very appealing sign-up bonus and a very long “bonus” period in terms of APR. Apart from the possibility to get $150, you’ll also have as much as 15 months during which there is no need to pay for the purchases and balance transfer operations.

The reasons for you to consider applying for a different card and other options you have

Like any other card, this one also has its drawbacks. If the drawbacks mentioned below matter a lot to you, you can consider applying for other cards that we point out here.

Capital One Quicksilver Cash Rewards Credit Card

  • You’re charged extra money for the transactions made abroad. This card is definitely not the best choice for those who are travelling a lot. If you’re going to travel, you’d better take the Capital One® Quicksilver® Cash Rewards Credit Card with you. It comes with no fee for the purchases made abroad and it also allows you to earn rewards for your purchases. The rate is the same as in case of the Chase Freedom Unlimited®.

  • The cash back promised isn’t the best if you compare the card with its competitors. In case you’re looking for a card that implies the best cash back possible, look through the information on the Citi® Double Cash Card. It allows you to get cash back when paying for your purchases and when paying them off.
  • There are no bonus categories that imply a higher rewards rate. Of course, flat-rate rewards cards imply that you can earn cash back for actually every purchase you make. Still, if you’re one of those spending big sums on the purchases from one category, a card with bonus categories will certainly be more beneficial for you. If you really like the card but you know that you don’t spend that much in a variety of categories, don’t worry. You can get one flat-rate rewards card and one card that comes with bonus categories to activate. You can use the cards so that to get the best profit possible.

Is the Chase Freedom Unlimited® your ideal option?

The card is very advantageous, especially if you combine it with another Chase card. Actually, this is exactly this card that is the most outstanding in terms of redemption options and no restrictions. The rewards rate promised isn’t the highest possible, but the card is still worth paying attention to due to the value and versatility it gives its cardholder.

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Comments: 3
  1. Norman

    In my opinion the system of rewards is far from being easy. Of course, if you’re fine with getting a flat-rate reward for any purchase you make, it seems good. However, in order to maximize the rewards you get, you’d better combine this card with another Chase card available. Why not combining all the benefits in just one card? Some people may find the need to have several cards quite disappointing. At least for me it’s quite inconvenient.

  2. JessicaSwan

    Does anyone know if it’s possible to get the sign-up bonus offered by this card if I already have another Freedom card? Thanks in advance for your answer.

    1. Steve

      Hello there! Each card of the bank is separate from another one. So you definitely get the bonus even if you already have an account opened for a different card of the same emitting bank.

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