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Chase recently revealed a new rewards structure for their Freedom Unlimited card, making the card’s already-generous cash back deal even sweeter.

Beginning March 18, new Chase Freedom Unlimited® cardholders can earn 3 percent cash back on all purchases during their first year of membership on up to $20,000 in spending. After reaching $20,000, the rewards rate reverts to the card’s standard unlimited 1.5 percent cash back.

In order to receive the 3 percent offer, new cardholders must apply in-branch at a Chase location. Chase has 5,200 branches nationwide in just 26 states, but they are actively expanding.

This new offer replaces the Freedom Unlimited’s current $150 sign-on bonus cardholders can earn after spending $500 within the first 3 months of account opening.

For now, the $150 sign-on bonus is still available online. The new 3 percent offer is limited to those opening accounts in-person, though it is expected to eventually replace the online offer.

Consider your spending habits

If you’re a fan of cash back rewards or are already part of the Chase ecosystem, now could be a great time to weigh your options.

The new 3 percent offer is capped at $20,000, which equals up to $600 in total cash back. Anything you spend over the first $20,000 still earns an unlimited 1.5 percent, though, so this offer may be especially enticing to big spenders looking to cash in.

If you spend under $10,000 annually, you may want to take advantage of the $150 sign on bonus while it’s still available. That’s the annual spending amount you’ll need to surpass to earn more with the 3 percent offer.

Combine with other Chase cards to boost rewards

Chase loyalists may also find added value by transferring their points through Chase Ultimate Rewards.

If you are already a Chase Sapphire Preferred® Card cardholder, for instance, your points increase in value by up to 25 percent when you redeem them through Chase’s travel portal. If you earn 3 percent on the total $20,000 limit with your Freedom Unlimited, you can redeem your original $600 in cash back for up to $750 in value.

Check out Bankrate’s Chase Ultimate Rewards Guide to learn more about leveraging multiple Chase credit cards.

Bottom Line

Regardless of how you redeem your rewards, the Chase Freedom Unlimited’s 1.5 percent cash back on all purchases is already considered a generous offer.

Even with the loss of the sign-on bonus, the added 3 percent value for first-year cardholders and continued 1.5 percent cash back over the lifetime of the card makes the Freedom Unlimited tough to beat for flat cash back.

If you want to apply for the 3 percent cash back offer in-person, you can locate a Chase branch near you using the branch locator on Chase’s site.

Learn more about the Chase Freedom Unlimited by reading Bankrate’s full review. You can also compare all the best options in the cash-back category with Bankrate’s best cash back credit cards of 2019.


Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.