Chase Freedom Unlimited®

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Recommended Credit Score

Good to Excellent (670 - 850)

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Best for large earning potential

Annual Fee:
$0
Purchase Intro APR:
0% Intro APR on Purchases for 15 months
Balance Transfer Intro APR:
0% Intro APR on Balance Transfers for 15 months
Regular APR:
16.49% - 25.24% Variable
Terms and Restrictions Apply

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Chase Freedom Unlimited: Details and benefits

The Chase Freedom Unlimited is the flat-rate sister card to Chase Freedom®. With the Freedom Unlimited, you earn an unlimited 1.5 percent cash back on every purchase (compared to the Freedom’s 5 percent cash back on up to $1,500 in combined bonus category purchases each quarter you activate).

The card doesn’t charge an annual fee and offers a zero percent intro APR on purchases and balance transfers for 15 months (16.49 percent — 25.24 percent variable APR after).

As a first-year welcome bonus, you can earn $150 in cash back when you spend $500 on purchases in your first 3 months from account opening.

Advantages

  • The flat-rate cash back rewards structure offers flexibility to cardholders
  • $150 cash back welcome bonus when you spend $500 within the first three months from account opening
  • No annual fee
  • Low introductory APR on purchases and balance transfers

Disadvantages

  • There are no bonus categories, so those with heavy spending in specific categories may want to look elsewhere
  • Balance transfer fee of either $5 or 3 percent of the amount of each transfer, whichever is greater
  • 3 percent foreign transaction fee on each purchase made abroad

Is the Chase Freedom Unlimited worth it for you?

The Freedom Unlimited’s fixed rewards rate is ideal for those seeking purchase flexibility. Unlike the Chase Freedom, you won’t need to track rotating categories or activate to earn certain cash back rates.

The card’s 15-month zero percent APR offer on purchases and balance transfers (16.49 percent — 25.24 percent variable APR after) can help you finance a large purchase or pay off existing credit card debt while ensuring your card is useful after the fact.

If you’re a frequent traveler overseas, the Freedom Unlimited isn’t a great choice for spending abroad; you’ll owe a 3 percent foreign transaction fee on each purchase made outside the United States.

Get the most value from the Chase Freedom Unlimited

Interested in further boosting the value of the Freedom Unlimited? You might consider strategically pairing it with another Chase credit card.

For example, heavy travelers can pair the card with the Chase Sapphire Reserve and swipe the Freedom Unlimited for any purchases outside of the Reserve’s dining and travel categories. You can then transfer rewards earned on the Freedom Unlimited to the Reserve, effectively converting them to Chase Ultimate Rewards points.

By owning the Freedom Unlimited, your account is automatically safeguarded with zero liability protection and fraud protection. You can also be notified of any suspicious account activity via phone, text or email.

Eligible purchases made with the card receive purchase protection against damage or theft and extended warranty protection.

How much are the Chase Freedom Unlimited rewards worth?

First and foremost, Chase awards cash back in the form of points. This means the Freedom Unlimited’s 1.5 percent cash back equates to 1.5X points on each purchase.

Say you spend $500 a month with your Freedom Unlimited card. In doing so, you’ll earn about $90 in cash back rewards. You’ll also qualify for the card’s welcome bonus, bringing you to $240 worth of cash back rewards by the end of your first year.

You can further boost your rewards’ potential by transferring them to a card offering Chase Ultimate Rewards points, such as the Reserve. According to The Points Guy’s January 2020 point and mile valuations, Chase Ultimate Rewards are worth 2 cents when redeemed for travel.

How to redeem rewards

The rewards you earn with the Freedom Unlimited can be redeemed for cash back, gift cards, travel booked through Chase Ultimate Rewards and by shopping with points at Amazon. In most cases, you’ll get the most value out of your points by redeeming for travel.

The information about the Chase Sapphire Reserve card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.