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Chase Freedom Unlimited

Requires sign in
Rewards Rate
5% cash back on grocery store purchases and travel, 3% on dining and drugstore purchases, 1.5% on all other purchases
Sign Up Bonus
$200 cash back after you spend $500 in your first 3 months
Typical Credit Score
Good, Excellent
Pros & Cons
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.

  • Earn unlimited 1.5% cash back on all other purchases.

  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.

  • No annual fee

  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.

  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open

  • 3% foreign transaction fee
Chase Freedom Unlimited Review

Who is the Chase Freedom Unlimited Card for?

The Chase Freedom Unlimited Card will bring many benefits to those with a high enough credit score to obtain it. This card is great for straightforward, uncapped, cash back rewards. Although commonly regarded as a cash back credit card, it is also an excellent card for racking up travel rewards, easing into interest payments, and achieving a bonus within the first three months. The ideal candidate for this card is fee-averse, in need of a balance transfer, and/or someone who is looking for a very satisfactory rewards program.

The card possesses a great rewards program, with 5% cash back on grocery store purchases and travel, 3% on dining and drugstore purchases, and 1.5% on all other purchases. 

This credit card is most beneficial to those who intend to use the card for everyday purposes and take advantage of its 0% introductory APR on their interest payments.

APR and Annual Fee Benefits

The Chase Freedom Unlimited Card is appealing to many users because of the variety of perks it offers. Two of these benefits include the card’s gracious 0% introductory APR and its absence of an annual fee.

If you're looking to ease into interest payments, this card comes with 0% intro APR on both new purchases and balance transfers for the first 15 months. After that, depending on your credit score the APR will be between 14.99 and 23.74%. This makes the card a terrific fit if you have to transfer a balance from another credit card, or want an intro APR period to finance a big purchase - like mattresses, a big trip, car payments, etc. This is another reason why the Chase Freedom Unlimited card is an excellent choice for people who will use it daily, since it offers limited interest on payments.

This card comes with a Balance Transfer Fee of 3% or $5, whichever is higher for the first 60 days. Then, the fee becomes 5% or $5, with the same policy of using the higher value. Balance Transfer Fees are standard and this one is comparable to the average credit card. However, 0% APR for the first 15 months is industry-leading when considering this card comes with a generous rewards program. 

As if low-interest APR and the cash back rewards weren't enough, cardholders will adore that this card comes with no annual fee. This is one quality that sets the Chase Freedom Unlimited card apart from other similar cards. Instead of spending hundreds of dollars annually simply to maintain the ability to use the card, this money can go to other, more fruitful uses (such as investing in travel points).

Travel Benefits

Because the Chase Freedom Unlimited card focuses on low interest and no annual fee, it is fairly common for cardholders to compliment this card with travel benefits by opening the Chase Sapphire Preferred Card or Chase Sapphire Reserve card.

Chase Travel Partners include:

Airline Partners:

  1. Aer Lingus 
  2. British Airways
  3. Air France
  4. Emirates
  5. Iberia
  6. Jetblue
  7. Singapore Airlines
  8. Southwest
  9. United Airlines
  10. Virgin Atlantic

Hotel Partners:

  1. Marriott
  2. Hyatt Hotels
  3. IHG (International Hotel Group)

Opening the Chase Freedom Unlimited with the commonly paired Chase Sapphire Preferred is one of the fastest ways to supercharge your rewards points. Using this approach, we suggest that Freedom Unlimited cardholders trade in the $200 bonus fee for 15,000 Ultimate Rewards points. Besides this excellent transfer-partner deal, owning the Chase Sapphire Preferred in tandem with the Chase Freedom Unlimited allows you to earn 2x rewards on dining and travel, which allows you to rotate cards depending on what you’re purchasing. For restaurants and travel, use the Sapphire Prefered. For all other purchases, use your Freedom Unlimited (which costs you nothing to open) to get 50% more reward value. As you earn cash back rewards, simply convert them to travel points to maximize your value. The transferring of points process takes three easy steps:

  1. Make sure that both of your Chase credit cards are under the same account
  2. Next, you will find the Ultimate Reward portal and click Combine points
  3. Finally, select which card you are transferring points to

The process of transferring points between cards is simple and easy. This allows for an effortless exchange of points between cards. Therefore, if you end up deciding to not pool your points towards travel or have some leftover, the transferring of reward points back will not be a challenge. It is a good idea to consider applying for both of these credit cards, as owning both will allow you to maximize the value.

Rewards

The average American spends $60,000 a year. This data sheds light on the average dollar amount Chase Freedom Unlimited card users can gain from rewards at an annual rate. The first-year dollar value is noticeably higher at $476, but each year following results in an estimated $276 in rewards. For an annual fee of $0, these rewards are robust and should be considered when deciding on the credit card that best suits you. 

Something to keep in mind is while other credit cards require annual fees, they also procure more benefits, rewards, and bonuses for their customers. Depending on the person, you may get more out of an expensive annual fee credit card if it will be heavily used. This is because the rewards may offset the costs in this case. However, the Chase Freedom Unlimited sets itself apart because you know you will get positive value from this card. There is no annual fee, despite the high and versatile rewards rate.

Welcome Bonus and Cash Back

While there are many benefits to the card, its standout feature is its initial bonus. This bonus catches the eye of many potential buyers since it is extremely generous and not difficult to fulfill. Right now, cardholders will get a $200 bonus once they spend $500 on purchases in their initial 3 months from account opening. This primary cash back bonus is also coupled with the 5% cash back on grocery store purchases and travel, 3% on dining and drugstore purchases, and 1.5% on all other purchases. The cash back has no minimum redemptions, meaning you can get cash back for any amount. These two factors result in the card having a firm reputation as a solid cash back credit card.

Annual Fee

As previously stated, the annual fee for this card is $0. This makes the card very attractive to many people, since it offers an assortment of benefits and rewards without charging a fee. Since the average card holder should earn $276 in rewards annually, this lack of an annual fee really strengthens the return on this card.

Conclusion

The Chase Freedom Unlimited card is a great choice as a day-to-day card because it is easy to manage but doesn't compromise on the rewards. Some of its greatest strengths include its $0 annual fee, transferrable reward points, and 0% APR interest for the first 15 months. This card is therefore beneficial for people who want limited fees, like to travel, and want to take advantage of no interest payments until 2022.

Complete Card Details
Rewards Rate
5% cash back on grocery store purchases and travel, 3% on dining and drugstore purchases, 1.5% on all other purchases
Welcome Bonus
$200 cash back after you spend $500 in your first 3 months
Typical Credit Score
Good, Excellent
Intro Annual Fee
N/A
Annual Fee
N/A
Additional User Annual Fee
N/A
Foreign Transaction Fee
3%
Intro Purchase APR
0%
Regular Purchase APR
14.99% - 23.74%
Cash Advance Fee
5%
Cash Advance APR
24.99%
Late Fee
Up to $39
Intro Balance Transfer APR
N/A
Regular Balance Transfer APR
14.99% - 23.74%
Penalty APR
N/A
Balance Transfer Fee
5%
Return Payment Fee
Up to $39
Minimum Deposit
N/A
Credit Card Network
Visa
Credit Card Issuer
Chase
Chase Freedom Unlimited FAQ

What is the minimum credit score required to apply for Chase Freedom Unlimited?

A credit score of 670 is required to be eligible for Chase Freedom Unlimited.

What is the minimum deposit required for Chase Freedom Unlimited?

There is no minimum deposit required for this credit card.

What is the Intro Annual Fee for Chase Freedom Unlimited

The Intro Annual Fee for this credit card is not available at the moment. Please check the terms for more details.

What is the Annual Fee for Chase Freedom Unlimited

The Annual Fee for Chase Freedom Unlimited is not available at the moment. Please check the terms for more details.

What is the Intro Purchase APR for Chase Freedom Unlimited

The Intro Purchase APR for this credit card is 0%.

What is the Regular Purchase APR for Chase Freedom Unlimited

The Regular Purchase APR for Chase Freedom Unlimited is 14.99% - 23.74%.

What is the Intro Balance Transfer APR for Chase Freedom Unlimited

The Intro Balance Transfer APR for Chase Freedom Unlimited is not available at the moment. Please check the terms for more details.

What is the Regular Balance Transfer APR for Chase Freedom Unlimited

The Regular Balance Transfer APR for Chase Freedom Unlimited is 14.99% - 23.74%.

What is the Cash Advance APR for Chase Freedom Unlimited

The Cash Advance APR for Chase Freedom Unlimited is 24.99%.

What is the Cash Advance Fee for Chase Freedom Unlimited

The Cash Advance Fee for Chase Freedom Unlimited is 5%.

What is the Late Fee for Chase Freedom Unlimited

The Late Fee for Chase Freedom Unlimited is up to $39.

What is the Penalty APR for Chase Freedom Unlimited

The Penalty APR for Chase Freedom Unlimited is not available at the moment. Please check the terms for more details.

What is the Balance Transfer Fee for Chase Freedom Unlimited

The Balance Transfer Fee for this credit card is 5%.

What is the Min. Balance Transfer Fee for Chase Freedom Unlimited

The Min. Balance Transfer Fee for this credit card is $5.

What is the Foreign Transaction Fee for Chase Freedom Unlimited

The Foreign Transaction Fee for this credit card is 3%.

What is the Return Payment Fee for Chase Freedom Unlimited

The Return Payment Fee for Chase Freedom Unlimited is up to $39.
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