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Chase Freedom Unlimited®

Credit needed
Excellent, Good
APR
14.99% to 24.74%
Annual Fee
$0

Card Summary

Chase Freedom Unlimited, a cash-back credit card with a high value offer, is Chase Freedom Unlimited.

Chase Ultimate Rewards cardholders get 5% cashback on purchases made through Chase, 3% cashback on restaurant and drugstore orders, and 1.5% cashback on all purchases.

You will also receive a 0% intro APR on balance transfers and purchases for the first 15 months. After the introductory period, APR increases to 14.99%- 24.74% variable.

There is no annual fee for the card. After you have spent $500 in the first three months of your account opening, you will receive a $200 bonus.
This card features technology that allows you "tap to buy", as Apple Pay or other mobile wallets allow.

Chase Freedom Unlimited may not be the right choice for you. It may have an extremely high interest rate depending on how creditworthy you are. You should avoid it if you do not plan on paying your entire balance each month.

Review of Chase Freedom Unlimited:

The card may be worth considering for those who aren't afraid to pay fees and don't have a current balance. This card can earn reward points for purchases in specific categories. Consumers who don't have a monthly balance or want to be rewarded for spending in certain categories should look into other rewards options.

Card Summary - Cons

Rates and fees

Issuer Name
Chase
Penalty APR
Maximum 29.99%
Credit Needed
Excellent, Good
Balance Transfer Fee
Balance Transfer Intl APR Transfers of Balances are eligible for a 0% Intro APR during the first 15 months Balance Transfer Fee The transfer amount must be either $5 or 5%, depending on which is higher.
Annual Fee
$0
Cash Advance Fee
You can choose to pay $10 or 5% depending on the transaction amount.
APR
14.99% to 24.74%
Foreign Transaction Fee
Each transaction is charged 3% in U.S. Dollars.
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The Best Features

Sign-up for a great bonus cash back available in different bonus categories.

Enjoy a 15% Intro APR on Balance Transfers and Purchases for up to 15 Months.

Rewards

Sign up bonus

APR Requirements

Drawbacks

Transfer fee of balance High APR charges It's great for: People who are looking for solid rewards programs.

Customers who require financing for a major purchase. Users who are not afraid of paying fees for credit cards.

This is not the place for: People who are looking for simple rewards programs.

Customers who are looking for a large sign-up bonus. Balance carriers.

Highlights

200 bonus points after spending $500 in the first three months of your account opening. Up to $12,000 in first-year grocery store purchase eligible for a 5% cashback. Get 3% Cash Back on Dining at restaurants, takeout and eligible delivery services. Buy drugstore products and get 3% cash back.

Chase Ultimate Rewards: Get 5% off your travel purchases. All other purchases eligible for unlimited 1.5% cashback for purchases or balance transfers within 15 months of account opening, 0% Intro APR.

After that period is up there's a variable APR between 14.99 and 24.74%.There is no annual charge

Benefits

Comparative Analysis with Other Cards

What is the Chase Freedom Unlimited, and how does it compare with other credit cards?

Citi, Double Cash Card or Chase Freedom Unlimited Chase Freedom Unlimited vs. Chase Freedom Flex: Which one is better?

Citi Double Cash Card and Chase Freedom Unlimited Citi Double Cash Card offers a simpler rewards program. Cardholders can earn 2% for every purchase. You also get unlimited cashback (1% Cash Back) and an additional 1 % as you make purchases.

Chase Freedom Unlimited offers a more complicated rewards program. It earns you 5% for travel through Chase and 3% at restaurants and drugstores. 1.5% on any other purchases.

The best card for you will depend on your preference in terms of rewards programs. Citi Double Cash Card provides an 18-month introductory 0% APR on balance transfers. After that the variable APR will range from 13.99% to 23.99% depending on creditworthiness.

Chase Freedom Unlimited provides an intro 0% Intro APR on balance transfers and purchases for 15 months. After that, a variable APR will apply of 14.99% to 24.74%. There is no annual charge for either card.

Chase Freedom Unlimited vs. Chase Freedom Flex

The annual fees for each card are not mandatory, however they do charge an additional APR depending on your creditworthiness. After a $0 initial APR for purchases over 15 months, the APR can be quite high.


Cardholders can earn $200 bonuses if they spend $500 within the first three months of account opening. The rewards system for both cards is complex. It may be difficult to choose the right card depending on how you spend. Chase Freedom Flex gives you 5% cashback on purchases up to $1500 that are combined in bonus categories every quarter. Chase Freedom Unlimited doesn't offer any rotating bonus categories but does offer 1.5% cashback on any purchases not in its bonus categories.

This compares to the 1.5% cash back rate Chase Freedom Unlimited offers on purchases not falling within its bonus categories.

How Chase Freedom Unlimited can help you earn rewards Chase Ultimate Rewards will give you 5% cashback on your travel, while Chase Freedom Unlimited Unlimited gives you 1.5% cash back for all purchases. The card's benefits structure is complex, but it can be a good choice. You don't have to pay an annual fee, so you can keep your cash.


Cardholders also have other benefits. The Chase Freedom Unlimited cardholders can get 5% cashback on Lyft rides through March 2022 - an additional 3.5% to their 1.5%. You can get 3 months free of Door Dash's subscription service Dash Pass if you activate your card by December 31, 2021.

After the initial three months, you'll receive Dash Pass at 50% for nine months. Chase Freedom Unlimited: How can you redeem rewards Chase Freedom Unlimited has a few redemption options. These include cash back, direct deposit or statement credit, gift cards and travel. You can also shop with Amazon.com points. You can redeem points for cash back, travel, or gift cards at a rate of 1 cent each. Shopping with points is worth 0.8 cents.


What is Chase Freedom Unlimited APR Chase Freedom Unlimited offers a unique way to achieve value above rewards. After 15 months of no interest, you will be charged a variable APR between 14.99% and 24.74% depending on your creditworthiness.

This card allows you to pay interest free if you are looking for large purchases. Remember that after the promotion period the APR will jump and can get high so don't carry a balance.

How much does Chase Freedom Unlimited cost?

Chase Freedom Unlimited does not charge an annual fee. This is a great option if you aren't prone to using credit or want to reduce your credit card bills. You may get more value depending on how you spend your money.

Annual fees can be offset by rewards or benefits, which could give you more value than cards that do not charge annual fees.

International transaction fee: The card charges a 3% foreign transaction fee.

Balance transfer fee: The card charges a $5 balance transfer fee or 3% depending on the transfer amount.

Transfers must be made within 60 calendar days. The balance transfer fee increases to $5, or 5%, depending on the transfer amount.

Cash advance fee: The card charges a $10 cash advance fee or 5% of transaction amounts.

Late payment fees: Chase Freedom Unlimited charges a $40 late payment fee.

Over-the-credit-limit fee: This card does not have an over-the-credit-limit fee.

Refund payment fee: This card may have a return fee of up to $40

Chase Freedom Unlimited does not charge a return fee for checks.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Chase Freedom Unlimited: Should you?

If you are: Prioritize no annual fee. Purchases at 0% off You want solid rewards programs that pay cash back. You can pair your card with Chase Sapphire Reserve.

Questions about Chase Freedom Unlimited

Chase Freedom Unlimited is a credit card that's good for you?

Chase Freedom Unlimited cashback credit card has no annual fees and a 0% Intro Apr. for 15 months on balance transfers and purchases.
This may make Chase Freedom Unlimited a great choice for consumers, particularly those looking for solid rewards rates on all their purchases. Other cards may offer better rewards and benefits.

Is Chase Freedom Unlimited covered by purchase protection?

Chase Freedom Unlimited provides purchase protection. Purchases made after January 1, 2019 are protected against theft and damage for up to $500 each. Accounts can also be covered for $50,000.

Do I need Chase Freedom Unlimited?

Chase Freedom Unlimited is a great option if you are looking for a card that has no annual fees, solid rewards programs, and a 0% Intro Annual Percentage Rate (0% APR) for balance transfers and purchases within 15 months of account opening.


How do I get Chase Freedom Unlimited credit?

Chase Freedom Unlimited is a credit card program that requires excellent to good credit. To apply, you must have at least 670 FICO Credit Score.

Can Chase Freedom Unlimited be used by people who love to travel?

The card is great for travelers. You get 5% cash back for every purchase made through Chase Ultimate Rewards. Chase Freedom Unlimited offers protection benefits such as an auto rental collision waiver, travel and emergency assistance services, and a host of other benefits.

This card also has trip cancellation/interruption insurance. You can get reimbursements up to $1500 per person for purchases you make with the card and $6,000 per journey for non-refundable prepaid passenger fares. This is in case your trip is cancelled or cut short due to severe weather or sickness.

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