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:
16.74% - 25.49% Variable
Terms and Restrictions Apply

Bankrate Rating

Commonly used for: 0% Introductory APR, Balance Transfer, Cash Back, Concierge Service, Dining, EMV, Excellent Credit, Extended Warranty Program, Grocery, Mobile Pay Ready, No Annual Fee, Purchase Protection, Rewards, Travel Accident Insurance, Unsecured credit card, Visa Signature®, Zero Fraud Liability.

Score Breakdown

Bankrate Rating

Perks
Rewards
Annual Fee
Intro Bonus
Variable APR
Foreign Transaction Fee

Chase Freedom Unlimited: Details and benefits

The Chase Freedom Unlimited® comes with a strong rewards structure, no annual fee and a zero percent APR offer on purchases and balance transfers for 15 months (16.74% – 25.49% variable APR after).

You can now earn $150 cash back when you spend $500 within the first 3 months, and unlimited 1.5% cash back on all purchases.

Advantages
  • $150 cash back after you spend $500 in the first 3 months (unlimited 1.5% cash back on all purchases) — no need to juggle rotating categories
  • No annual fee
  • Easy to pair with other Chase credit cards
Disadvantages
  • 3% foreign transaction fee
  • The 1.5% cash back on all purchases is not as high as the rewards rate on some other cards

Is it worth it for you?

There are a lot of reasons to consider adding the Chase Freedom Unlimited to your card roster, especially with this new offer change.

The fixed rewards rate is an attractive benefit if you aren’t interested in juggling rotating categories.

If you’re looking for a way to finance larger purchases, you’ll also find value in the Chase Freedom Unlimited’s intro APR offer. You’ll have 15 months of no interest on new purchases and balance transfers (16.74% – 25.49% variable APR after). That could help you afford to be a bridesmaid in your best friend’s wedding without completely busting your budget.

The one downside to this card is its 3% foreign transaction fee. You’ll completely cancel out any rewards earned on purchases abroad, so it’s best to have another card for international trips.

Get the most value from Chase Freedom Unlimited

While the Chase Freedom Unlimited might not be the flashiest cash back credit card, it still packs a serious punch.

You’re going to get the max value from the Chase Freedom Unlimited by strategically pairing it with other Chase credit cards. It takes a little more time and effort to consider which card is best for certain purchases, but the rewards could prove worth it.

How much are the points worth?

If you spend $500 in the first 3 months you will get $150 cash back and that will help bolster the earnings you get from the 1.5% rewards rate.

One of this card’s hidden benefits is the points boost you get when you pair it with the Chase Sapphire Preferred Card or the Chase Sapphire Reserve.

Chase awards cash back in points. 1.5% cash back equates to 1.5x points on each purchase, and so on. Each point is worth only one cent; however, Chase allows you to pool those rewards with other Chase card accounts. That means you can move your Freedom Unlimited points to your Chase Sapphire Reserve or Preferred account, where points are worth 1.5 and 1.25 cents each, respectively (when redeemed for travel through the Chase portal).

The $150 you can earn with the welcome offer would be worth $187.50 when paired with the Preferred, and $225 when paired with the Reserve.

How to redeem rewards

Maximize value by redeeming your points for cash back, statement credits, travel and more through the Chase Ultimate Rewards portal, especially if you’re able to transfer them to another Chase card for redemption.

Learn more about Chase Ultimate Rewards with Bankrate’s guide here.

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.