Our comprehensive 2023 review of the Chase Freedom Unlimited card reveals how to maximize rewards and cash back with no annual fee. Learn how this $0 fee card offers generous cashback on every purchase, sign-up bonus perks, 0% intro APR, and valuable travel protections and features.

Chase Freedom Unlimited Cashback Credit Card

Table of Contents

Introduction: Unraveling the Chase Freedom Unlimited Card

In the ever-evolving world of credit cards, finding the perfect one that suits your needs can be akin to searching for a needle in a haystack. However, we've done the heavy lifting for you, and today we're unveiling a gem in the financial world - the Chase Freedom Unlimited Credit Card. This comprehensive review will leave no stone unturned, highlighting its key features, rewards, and what sets it apart in the competitive landscape of cash-back cards.

Unlocking the Chase Freedom Unlimited Advantage

Lucrative Bonus: Start with a Bang!

Let's kick things off with a bang - the lucrative bonus! The Chase Freedom Unlimited card greets new cardholders with open arms, offering an additional 1.5% cash back on all purchases in the first year, up to $20,000. This welcome offer translates to a staggering potential of up to $300 in cash back. An enticing proposition, wouldn't you say?

A Multifaceted Rewards Structure

The Chase Freedom Unlimited doesn't stop there. It boasts a rewards structure that's as diverse as it is rewarding. Here's the breakdown:

3% Cash Back on Restaurants: For the foodies and culinary explorers, this card is a dream. Dining out or ordering in, you get 3% cash back.
5% Cash Back on Travel: Love to travel? You're in for a treat with a whopping 5% cash back on travel booked through Chase Ultimate Rewards, their premier rewards program.
4.5% Cash Back on Drugstore Purchases: Health and wellness, meet savings! This card generously offers 4.5% cash back on drugstore purchases.
3% Cash Back on Everything Else: When you're not dining, traveling, or shopping for essentials, don't worry. You'll still enjoy a solid 3% cash back on all other purchases.

The Flexibility Factor

Freedom to Choose Redemption

The Chase Freedom Unlimited card believes in the power of choice. There's no minimum redemption amount, and you can opt to receive your cash back as a statement credit or direct deposit into your U.S. checking or savings account. The best part? Your cash back rewards don't expire, as long as your account remains open. That's financial freedom at its finest!

Introductory APR Delight

For those who appreciate a financial cushion, this card offers a 0% intro APR on both purchases and balance transfers for the first 15 months. Afterward, a variable APR of 20.49% - 29.24% applies. It's a grace period for managing your finances without the added burden of interest charges.

The Cherry on Top - No Annual Fee!

Financial Freedom Without Strings

Picture this: a premium credit card with all these perks, and it doesn't come with an annual fee. That's right! The Chase Freedom Unlimited card lets you enjoy all these benefits without reaching for your wallet to cover an annual fee.

Chase Freedom Unlimited in Comparison

Facing Off Against the Competition

The financial world is bustling with competition, and the Chase Freedom Unlimited card holds its own. Let's stack it up against some notable contenders:

Chase Freedom Unlimited Credit Card vs. Capital One® SavorOneSM Cash Rewards Credit Card vs. Wells Fargo Active Cash Card

Here's how they measure up:

Card Name	Annual Fee	Regular APR	Intro APR	Recommended Credit Score
Chase Freedom Unlimited Credit Card	$0	20.49%-29.24% Variable	0% intro APR on purchases and Balance Transfers for 15 months	690-850 (Good - Excellent)
Capital One® SavorOneSM Cash Rewards Credit Card	$0	19.99%-29.99% Variable	0% intro APR for 15 months on purchases and balance transfers	690-850 (Good - Excellent)
Wells Fargo Active Cash Card	$0	20.24%, 25.24%, or 29.99% Variable	0% intro APR on Purchases for 15 months from account opening and 0% intro APR on Balance Transfers for 15 months from account opening on qualifying balance transfers	690-850 (Good - Excellent)

Discover the Power of Chase Ultimate Rewards

More Than Meets the Eye

While the Chase Freedom Unlimited card may be marketed as a cash-back card, there's more beneath the surface. Your spending accumulates Chase Ultimate Rewards® points, each worth a penny when redeemed for cash back. However, the versatility of these points shines through when you consider alternative redemption options:

Gift Cards: Redeem your points for gift cards at a rate of 1 cent per point.
Travel: Enjoy travel booked through Chase at the same 1 cent per point rate.
Amazon Purchases: Shop on Amazon with your points, getting a respectable 0.8 cents per point value.

But here's the real kicker - you can enhance your rewards game even further by having other Chase cards that earn Chase Ultimate Rewards points.

Chase Freedom Unlimited vs. Chase Freedom Flex: Battle of the Freedom Cards

A Clash of Titans

The battle between the Freedom cards is legendary. How does the Chase Freedom Unlimited fare against the Chase Freedom Flex℠? Let's break it down:

Chase Freedom Unlimited:

1.5% back on everything (instead of 1%) for the first $20,000 in total spending in the first year, thanks to the NerdWallet bonus offer.
Simplicity and flexibility in rewards.

Chase Freedom Flex:

5% cash back on rotating quarterly categories, capped at $1,500 per quarter, and 1% back on everything else.
Requires category activation for bonus rewards.

Your choice between the two depends on your spending habits and the complexity you're willing to embrace.

Chase Freedom Flex Card Q3 2023 Bonus Categories: Gas, Electric Vehicle (EV), and Entertainment

The Chase Freedom Unlimited Benefits and Perks: Hidden Treasures

Rich Sign-Up Bonus

Unlike typical credit card bonuses, the Chase Freedom Unlimited card sweetens the deal by offering higher reward rates in the first year. Depending on your spending, you could earn an extra $300 cash back. That's quite a welcome!

Valuable Bonus Categories

The bonus rewards categories are a cash-back enthusiast's delight:

3% back at restaurants, including takeout and eligible delivery services.
3% back on drugstore purchases.
5% back on travel booked through Chase Ultimate Rewards®.
Through March 31, 2025, enjoy 5% back on qualifying Lyft services purchased through the Lyft app.

1.5% on 'Everything Else'

For those who spend significantly in non-bonus categories, the extra 0.5% rate on the Chase Freedom Unlimited card translates to more cash back in your pocket. Big spenders, take note!

Point Transfers for Maximum Value

Unlocking the True Potential

Here's where the magic happens - point transfers among Chase cards. The Chase Freedom Unlimited card can be the cornerstone of a strategy to maximize your rewards:

Earn more points by splitting your spending between this card and the Chase Freedom Flex.
Get more value per point by transferring rewards to cards with elevated redemption values, such as the Chase Sapphire Preferred® Card and the Ink Business Preferred® Credit Card.
These cards also allow 1:1 transfers to numerous airline and hotel loyalty programs.

The possibilities are endless, and so is the value you can reap!

Drawbacks and Considerations

It’s Complicated

The Chase Freedom Unlimited's rewards structure can be a tad complex, especially when compared to flat-rate cash-back cards. However, if you're willing to put in a little effort, the rewards can be substantial.

Better Rates in Specific Categories

Cards with rewards bonus categories are most valuable when you spend heavily in those areas. If, for instance, you spend a significant amount on groceries, there may be better options tailored to your specific needs.

Comparison with other credit cards

Here's a comparison of the Chase Freedom Unlimited Credit Card, Capital One SavorOne Cash Rewards Credit Card, and Wells Fargo Active Cash Card:

Annual Fee:
- Chase Freedom Unlimited: $0
- Capital One SavorOne: $0
- Wells Fargo Active Cash: $0
Regular APR:
- Chase Freedom Unlimited: 20.49%-29.24% Variable APR
- Capital One SavorOne: 19.99%-29.99% Variable APR
- Wells Fargo Active Cash: 20.24%, 25.24%, or 29.99% Variable APR
Intro APR:
- Chase Freedom Unlimited: 0% intro APR on purchases and balance transfers for 15 months
- Capital One SavorOne: 0% intro APR for 15 months on purchases and balance transfers
- Wells Fargo Active Cash: 0% intro APR on purchases for 15 months from account opening and 0% intro APR on balance transfers for 15 months from account opening on qualifying balance transfers
Recommended Credit Score:
- All three cards recommend a credit score range from 690 to 850 (Good to Excellent).

Best Credit Cards 2023 September

5 Best Cash Back Credit Cards: Maximizing Your Rewards

Chase Freedom Unlimited Credit Card:

This card offers cashback rewards with a variable APR. The intro APR on purchases and balance transfers is 0% for 15 months.
It's recommended for those with a credit score in the Good to Excellent range.

Capital One SavorOne Cash Rewards Credit Card:

Capital One SavorOne Credit Card — Capital One SavorOne

This card is designed for those who enjoy dining and entertainment. It offers cashback rewards with a variable APR. The intro APR for purchases and balance transfers is 0% for 15 months.
It's also recommended for individuals with a credit score in the Good to Excellent range.

Wells Fargo Active Cash Card:

This card offers cashback rewards and has a variable APR. It provides an intro APR on purchases for 15 months and an intro APR on balance transfers for 15 months on qualifying balance transfers.
Like the other two cards, it's recommended for individuals with a credit score in the Good to Excellent range.

When choosing among these cards, consider your spending habits and preferences, as well as the specific rewards and benefits offered by each card. Additionally, pay attention to the regular APR, as it can affect the cost of carrying a balance on the card.

Is the Chase Freedom Unlimited Right for You?

The Verdict

The Chase Freedom Unlimited card is a financial powerhouse, offering a wealth of rewards and flexibility, all without an annual fee. It may not be the simplest card out there, but for those willing to explore its nuances, it presents a treasure trove of value.

In conclusion, choosing a credit card isn't just about financial convenience; it's about maximizing the potential rewards for your unique lifestyle. The Chase Freedom Unlimited card stands as a testament to choice and flexibility, ready to empower cardholders on their financial journeys.

FAQs

What are the rewards on the Chase Freedom Unlimited?

The Chase Freedom Unlimited card offers a diverse range of rewards, including 3% cash back on restaurants, 5% cash back on travel booked through Chase Ultimate Rewards, 4.5% cash back on drugstore purchases, and 3% cash back on all other purchases.

Is Chase Freedom Unlimited hard to get?

To qualify for the Chase Freedom Unlimited card, a good to excellent credit score (690-850) is typically required. Meeting this credit score range increases your chances of approval.

Which is better: Chase Freedom Unlimited or Chase Freedom Flex?

The choice between Chase Freedom Unlimited and Chase Freedom Flex depends on your spending habits and preference for simplicity. The Chase Freedom Unlimited offers a flat 1.5% cash back on all purchases, while the Chase Freedom Flex provides 5% cash back on rotating quarterly categories.

Does Chase Freedom Unlimited have an annual fee?

No, the Chase Freedom Unlimited card does not have an annual fee, making it a cost-effective choice for cardholders.

Is Chase Freedom Unlimited a Visa or Mastercard?

The Chase Freedom Unlimited card operates on the Visa payment network.

Does Chase Freedom Unlimited have a sign-up bonus?

Yes, the Chase Freedom Unlimited card offers a sign-up bonus in the form of an additional 1.5% cash back on all purchases for the first year, up to $20,000 spent.

Can I have both Chase Freedom Unlimited and Chase Freedom Flex?

Yes, you can have both the Chase Freedom Unlimited and Chase Freedom Flex cards, allowing you to benefit from the unique rewards and features offered by each card.

What is Chase unlimited credit card freedom foreign transaction fee?

When used for purchases outside of the United States or for online payments in foreign currencies, the Chase Freedom Unlimited credit card normally levies a foreign transaction fee of 3% of each transaction in U.S. dollars. All transactions done with the card overseas are subject to this fee.

What are the benefits of Chase Freedom Unlimited?

Every dollar spent on purchases with the Chase Freedom Unlimited credit card earns 1.5% cash back. In addition, you receive 5% cash back on travel purchases made using Chase Ultimate Rewards and 3% cash back on dining expenditures made at restaurants, including takeout and qualified delivery services, and drugstores.

How does Chase Freedom Unlimited work for travel?

The Chase Freedom Unlimited card offers benefits for travelers through its rewards program and travel insurance benefits:
Travel Rewards: Cardmembers can earn 5% cashback on travel purchases made through Chase Ultimate Rewards. This feature allows you to accumulate rewards points on travel expenses, including flights, hotels, and more. It's essential to use Chase Ultimate Rewards to qualify for this benefit.
No Foreign Transaction Fees: When you use the Chase Freedom Unlimited card for international travel, you won't incur foreign transaction fees, which can help save money on purchases made abroad.
Travel Insurance Benefits: While specific details may vary, many Chase credit cards, including the Freedom Unlimited, offer travel insurance benefits such as trip cancellation/interruption insurance and rental car insurance. These protections can provide peace of mind when traveling.
Other Travel-Related Benefits: Depending on your card's terms and conditions, you may also access additional perks like airport lounge access, travel assistance, and baggage insurance. Be sure to review your card's benefits guide for a comprehensive list of travel-related perks.

What credit score for Chase Freedom Unlimited is required?

You normally require a good to excellent credit score to qualify for the Chase Freedom Unlimited credit card. A credit score of 670 or better is normally required in order to fulfill this. Having a credit score in this range is an acceptable guideline to boost your chances of being approved for the Chase Freedom Unlimited card, while there may be some flexibility.

Is Chase Freedom Unlimited for beginners?

Chase Freedom Unlimited can be a good choice for beginners who have a good credit score and want to earn rewards on their purchases without an annual fee. However, individuals with limited credit history may need to consider other options to establish their credit before applying for this card.

Is Chase Freedom Unlimited a visa or MasterCard?

The Chase Freedom Flex is a Mastercard, while the Chase Freedom Unlimited uses the Visa payment system. The Chase Freedom Unlimited credit card runs on the Visa payment network, meaning it is a Visa card, not a Mastercard. Visa and Mastercard are two different payment networks, and the choice between them affects where and how the card can be used.

What bank is Freedom Unlimited?

Chase Freedom Unlimited is issued by JPMorgan Chase & Co., one of the largest and most well-known banks in the United States.

Does Chase Freedom Unlimited have rental car insurance?

Yes, Chase Freedom Unlimited offers secondary rental car insurance coverage when you use the card to pay for your rental car. This coverage can provide protection for collision damage and theft, supplementing your primary auto insurance.

What are the charges for Chase Freedom Unlimited?

Chase Freedom Unlimited does not have an annual fee, making it a no-annual-fee credit card. However, it's essential to make payments on time to avoid late fees and interest charges on any outstanding balances.

Is Chase Freedom Unlimited an international card?

Yes, Chase Freedom Unlimited is widely accepted internationally. You can use it for purchases and transactions outside the United States. However, it's a good practice to inform Chase about your travel plans to prevent any potential issues with card usage while abroad.

Does Chase Freedom Unlimited get points?

Yes, Chase Freedom Unlimited allows cardholders to earn rewards points, which can be redeemed for cash back or other rewards. You earn a percentage of cash back on your purchases, depending on the category of spending.

How do I redeem my Chase Freedom points?

You can redeem the points you earn with Chase Freedom Unlimited by logging into your Chase account online or through the Chase mobile app. From there, you can choose to redeem points for cash back, travel, gift cards, or merchandise, among other options.

Do my Chase Rewards points expire?

Chase Rewards points do not expire as long as your Chase Freedom Unlimited account remains open and in good standing. This means you can accumulate and save your points for as long as you like without worrying about expiration.

Can you use Chase Freedom Unlimited for travel?

Yes, you can use Chase Freedom Unlimited for travel-related expenses. It offers cash back on travel purchases, making it a valuable option for travelers.

What counts as travel on Chase Freedom Unlimited?

Travel expenses that typically count for cash back on Chase Freedom Unlimited include airline tickets, hotel stays, car rentals, public transportation, cruises, and travel agency services, among others. Be sure to check the card's terms and conditions for specific details.

What are the rewards for Chase Freedom Unlimited?

he rewards for Chase Freedom Unlimited include cash back on various spending categories. As of my knowledge cutoff date in September 2021, it offered:
3% cash back on dining purchases.
5% cash back on travel booked through Chase Ultimate Rewards.
4.5% cash back on drugstore purchases.
1.5% cash back on all other purchases.
Please note that rewards structures may change over time, so it's a good idea to check the current rewards program when considering the card.

Conclusion: Chase Freedom Unlimited - Your Passport to Financial Freedom

In a world where choice and flexibility reign supreme, the Chase Freedom Unlimited card stands as a beacon of financial freedom. Its rewards structure, welcome offer, and lack of an annual fee make it a formidable contender in the cash-back card arena.

So, whether you're dining at your favorite restaurant, embarking on a thrilling adventure, or simply going about your daily life, the Chase Freedom Unlimited card promises rewards and financial empowerment. It's more than just a credit card; it's your passport to financial freedom.