Chase Freedom Unlimited provides its users with a number of credit card benefits, such as purchase protection and extended warranty coverage. Furthermore, this card earns you 5% for travel purchases made through Chase’s Ultimate Rewards travel portal, 3% at restaurants/delivery services like Caviar/DoorDash delivery services as well as 1.5% across all other purchases.
0% APR for 15 months on purchases and balance transfers
This credit card’s 0% APR for 15 months on purchases and balance transfers is ideal for people looking to finance large purchases or pay down debt, however after its promotional period ends your APR will increase significantly and interest will accrue on any remaining balance – therefore it is wise to create a plan to eliminate your debt before the end of its 0% APR period arrives.
This card earns cash back in several categories, such as 5% on travel purchased with Chase Ultimate Rewards; 3% on dining and drugstore purchases; and 1.5% for all other spending. In addition, this card provides features like trip cancellation/delay coverage and primary rental car insurance that make it ideal for travel enthusiasts; its annual fee is set at $0.
Contrary to many competing cards, Chase Freedom Unlimited does not provide an introductory 0% APR promo for balance transfers. Instead, when applying for it you can request one and it will be reviewed according to when they were received; if approved you will incur a balance transfer fee equaling either 3% of each balance transfer amount for 60 days, or $5 (whichever comes first).
Chase offers its Pay Yourself Back program as another means of earning bonus points with purchases made using the card, enabling you to redeem them for statement credits at up to 2 cents per point – an improved rate from Freedom Unlimited’s 1.25-cent redemption option. Plus, its transfer partners include several airline and hotel loyalty programs!
Chase typically requires applicants with good or excellent credit in order to qualify for the Freedom Unlimited credit card, as demonstrated by its minimum FICO score requirement of 670 and overall profile criteria. Furthermore, Chase utilizes the 5/24 rule, which restricts how many personal credit accounts may be opened within any 24-month period.
Earn 5% cash back on travel purchases
However, unlike some travel credit cards which require you to meet a minimum redemption threshold before receiving rewards, the Chase Freedom Unlimited provides cash back on any purchase amount exceeding its total purchase total. Your rewards can then be redeemed against either your card balance, products and services available through Chase Ultimate Rewards travel portal, or transferred directly to participating loyalty programs such as American or Southwest Airlines for higher redemption values.
Chase Freedom Unlimited card stands out among travel credit cards by offering one of the highest cash back rates for travel purchases. Specifically, this card rewards travelers with 5% cash back when booking travel through Chase travel portal and up to 3% on dining and drugstore purchases; 1.5% back is given on all other spending. Additionally, spending $10,000 can earn you a welcome offer of 60,000 points which equates to about $600 worth of travel expenses in its first year alone!
The card does have some downsides, including a 3% foreign transaction fee and less valuable base-rate rewards structure, but when combined with one of Chase’s premium cards it can provide incredible value. Pairing this card with another Chase credit card can prove immensely effective, earning high bonus rates on some of your most crucial everyday spend categories and providing you with an additional significant boost to earnings overall.
Not only can this card offer 5% cash back on travel purchases, but also many valuable perks – like trip cancellation coverage and extended warranty protection – it ranks highly on NerdWallet’s list of best credit cards.
If you are an avid traveler, the Chase Freedom Unlimited card could be an ideal addition to your collection. Before considering applying for one, however, it’s essential that you understand its rewards program and its terms before applying.
Chase’s premium Ultimate Rewards cards may come with high annual fees, but their benefits could offset those costs. This card is ideal for anyone seeking high bonus rewards in popular spending categories while accepting a higher interest rate as part of their financial package.
Earn 3% cash back on dining and drugstore purchases
If you’re searching for a credit card that provides solid returns on non-bonus spending while offering an above-average welcome bonus, consider the Chase Freedom Unlimited as an ideal choice. Its attractive rewards program offers up to 5% cash back when making travel purchases via Chase Ultimate Rewards; 3.3% back on dining and drugstore purchases; 1.5% on everything else; plus it comes with up to $300 welcome bonuses when spending $20,000 within 12 months with it!
Not only does the card offer 3% cash back in its bonus categories, it also comes with other valuable perks – for instance a three-month free membership with DoorDash and 50% off deliveries for nine months after opening an account; plus you’ll earn 5% cash back on Lyft rides through March 2025!
Additionally, you will gain access to shopping portals that allow you to earn additional points with every purchase and redeem them for gift cards. Plus, the Chase Sapphire Preferred and Reserve cards provide higher redemption values on certain categories of purchases!
With no annual fee and attractive cash back earnings potential, the Chase Freedom Unlimited card is ideal for beginners looking to begin using credit cards responsibly and gain cash back rewards on everyday purchases. Bonus categories can prove especially rewarding for frequent travelers while pairing it with premium cards can add even greater value.
The card’s 0% APR offer lasts 15 months on purchases and balance transfers, but afterwards comes with a variable APR that may become much higher. Also important to keep in mind when applying for the card: Chase has implemented its 5/24 rule, meaning only five personal credit cards may be open at any one time – although this typically doesn’t affect too many people, but something to bear in mind when applying for new credit cards.
Earn 1.5% cash back on all other purchases
Chase Freedom Unlimited also offers an impressive 1.5% cash back rate on non-special category purchases, which may not compare with premium Chase cards’ 5% offer, but still makes this card well worth having in your wallet. Plus, with no annual spending limit or annual caps to worry about. Earn an unlimited amount every year provided your account remains open and in good standing; or transfer earnings directly into one of Chase Ultimate Rewards airline/hotel loyalty programs such as World of Hyatt, Marriott Bonvoy, Southwest Rapid Rewards or United MileagePlus to maximize redemption value!
As an attractive welcome bonus, Chase will match all of your earned cash back within one year – this exceptional offer could more than offset its annual fee of $0. This card usually charges no annual fee and features a 0% APR introductory period lasting 15 months for purchases and balance transfers.
Notable features of this credit card include auto rental collision damage waiver (secondary coverage that kicks in after your own car insurance) and trip cancellation/interruption insurance, with reimbursement up to $1,500 per person or $6,500 total per trip for nonrefundable prepaid purchases made before travel begins.
This card provides an impressive 3% cash back at restaurants (including eligible delivery services and takeout) and drugstores, plus 2% at grocery stores (excluding superstores like Walmart or Target) and 1% on all other purchases – highly competitive rates when compared with similar cards on the market.
Important to keep in mind is that the Chase Freedom Unlimited card follows a 5/24 rule, meaning you may not be approved if you have opened five or more new personal credit cards from any issuer in the last 24 months. While this may disqualify some applicants who want this card but already possess multiple others, this should not deter anyone looking for no-annual-fee cards with outstanding cash-back rates as there are other no annual fee cards with comparable cashback rates that might work better instead. Likewise, this card cannot offer luxury travel features like free checked bag allowance or priority boarding benefits; these options should also not be considered as these benefits cannot be afforded by other luxury travel cards which offer premium benefits like these as this card only offers these features!