Chase Freedom Unlimited® full review
Chase Freedom Unlimited® may be the card you're searching for if you have a great credit rating and want one of the best cards to you.
What do I need to know about Chase Freedom Unlimited®?
With a sign-up bonus that exceeds the value of most cash-back cards, a long 0% introductory APR term, numerous redemption choices, and no annual fee, The Chase Freedom Unlimited® is an alluring alternative.
On dining out and drugstore purchases, the Chase Freedom Unlimited® earns 3% cash back; on travel booked via Chase, it earns 5% cash back; and on other expenditures, it earns 1.5% cash back.
Combining those two results in a card that can earn significant amounts of cash back.
Additionally, it has even more value if you have additional credit cards that also earn Chase Ultimate Rewards® points.
But the card is more confusing than rivals that only provide a straightforward 1.5% back on everything because of all those distinct rewards rates.
Make the Chase Freedom Unlimited® card the primary card you use for all purchases as a solution, and you’ll automatically earn the added benefits without having to worry about it.
This is why among cash-back credit cards, this card makes a strong case for being a one-card solution.
Take a deeper look at this card and learn more about the amazing potential it has.
How does the Chase Freedom Unlimited® work?
For a card without an annual fee, the Chase Freedom Unlimited® card has a remarkable earning rate. When you book travel with Chase Ultimate Rewards®, you’ll receive 5% cash back, 3% cash back on qualified dining and pharmacy purchases, and 1.5% cash back on all other transactions.
Additionally, you can combine your points for even more value if you use the Chase Freedom Unlimited® in conjunction with specific cards that earn Ultimate Rewards.
The Freedom Unlimited card rewards you with points known as Chase Ultimate Rewards® that may be redeemed for statement credits or travel at a rate of one cent per point via the Chase Ultimate Rewards® travel portal.
However, if you already own a high-end Chase credit card, such as the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®, you can combine your Chase Ultimate Rewards® points and either redeem them for a higher rate or transfer them to one of Chase’s travel partners for possibly better value.
How much can you win with Chase Freedom Unlimited®?
We base spending on household income in the 70th percentile, which is $107,908 per year.
The sample household’s allowable credit card charges for costs total $32,072.
We project that a typical American household with this level of income spends $3,762 on travel, which would earn 18,810 points if done through Chase.
Earning 16,665 points would require spending $5,555 on food and medicine.
Through calculation, we come to that the typical American household would have $22,755 in spending that could be rationally charged to a credit card after eliminating expenses for travel, restaurants, and pharmacies. That would net you an extra 34,132 points at a rate of 1.5 points per dollar.
The Freedom Unlimited card’s total annual earnings come to 69,607 points, which translates to $696 if you consider your rewards to be cash-back earnings.
This excludes the first-year welcome bonus and any first-year bonuses on spending that are earned after completing the minimum spending criteria.
Chase Freedom Unlimited® main benefits
With Chase Freedom Unlimited®, you can get an extra 1.5% cash back on purchases for the first $20,000 in transactions. With this benefit, you can receive up to $300 in cash back.
Cashback program on the spot
The Chase Freedom Unlimited® offers the following profitable cash-back program:
- Chase Ultimate Rewards offers 5% cash back on travel purchases.
- 3% cash back at restaurants and pharmacies
- 1.5% back on additional qualifying purchases
All things considered, the cards’ competitive cash-back program rivals those of the finest cash-back cards. The rewards frequently take the lead.
No annual fee
This card is a fantastic option if you’re looking to save as many credit card fees as you can.
The Chase Freedom Unlimited® card has a lot to offer regardless of how much or how little you use your credit card because it has no annual fee.
0% Intro APR
The card offers an astounding 15 months of 0% introductory APR on purchases and debt transfers.
How to apply for the Chase Freedom Unlimited®
If you got interested in this amazing card, check out our article on how to apply for your Chase Freedom Unlimited®