Chase Freedom Unlimited Review: Huge Cash Back and Bonus?
The Chase Freedom Unlimited® is a good option for those searching for an all-around workhorse card. This $0 annual fee card earns above-average returns on travel, dining at restaurants, and pharmacy purchases, as well as a decent 1.5 percent return on all other purchases. If you use this card in conjunction with another premium Chase card, you’ll get even more value from your rewards.
The Chase Freedom Unlimited® card provides a compelling combination of significant rewards, flexible redemption possibilities, a long 0% introductory APR period, and a sign-up bonus that is considerably more useful than other cash-back cards.
Chase Freedom Unlimited® gets 3% cashback, 5% on travel booked via Chase, and 1.5 percent on all other expenditures on restaurant and pharmacy purchases. When you put all of this together, you’ve got a card that can rack up the cashback. It’s even more valuable if you have additional credit cards that earn Chase Ultimate Rewards® points.
This is why, among cash-back credit cards, this card makes a strong argument for being a one-card solution. If you want to earn the most out of your credit card spending, the Chase Freedom Unlimited, combined with at least one other Chase Ultimate Rewards®-earning card, may be a great strategy for maximizing your point potential. Let’s consider it in detail!
Table of Contents
- Overview: Chase Freedom Unlimited Review
- What is Chase Freedom Unlimited?
- How does Chase Freedom Unlimited Card work?
- What are the Features of Chase Freedom Unlimited?
- How much does Chase Freedom Unlimited Cost?
- Who is Chase Freedom Unlimited Best For?
- Chase Freedom Unlimited Pros and Cons
- Chase Freedom Unlimited Compared to other Cards
- Conclusion: Is Chase Freedom Unlimited Worth it?
- Chase Freedom Unlimited FAQs
Overview: Chase Freedom Unlimited Review
What is Chase Freedom Unlimited?
The Chase Freedom has long been an important cash-back card, but it may now have even more appeal for rewards-savvy cardholders eager to get starting with Chase Rewards.
Last year, Chase redesigned the Unlimited card’s rewards program to include additional cashback on travel, dining, and pharmacy purchases made through the Rewards site. Meanwhile, for aspiring travelers and low-maintenance cash-back lovers alike, the card’s 1.5 percent cash-back return on general transactions, as well as important advantages like trip cancellation/interruption insurance and DoorDash DashPass, make it worth keeping.
Individuals who want to earn good rewards without paying an annual fee should consider Freedom Unlimited. The card’s huge welcome bonus and recurring benefits are difficult to top, especially considering that most cards that provide extra cashback in certain spending areas only offer 1% back on general purchases.
How does Chase Freedom Unlimited Card work?
The Chase Freedom card is a terrific choice to use regularly for any of your expenditures within the established bonus categories, with 5% back on travel through the Chase Travel Portal, 3% back on dining and pharmacy purchases, and 1.5x earning on all other spending or those that don’t fit into another of your cards’ higher bonus categories.
When you combine your earnings with another Rewards card and redeem for more than a cent per point, your earnings might be worth a lot more than 2%. Transferring your points to Chase’s airline and hotel partners is, as you well know, the greatest choice!
Furthermore, the advantages are superior to what you’d expect from a no-annual fees card. The trip cancellation/interruption insurance is standard among premium travel cards, giving the Unlimited card tremendous long-term value in addition to its exceptional first-year potential.
However, the card’s many reward rates make it more confusing than competitors that provide a flat 1.5 percent return on all purchases. Make the Chase Freedom Unlimited® a top-of-wallet card for all purchases, and you’ll be sure to get those additional points without even thinking about it. The cash advance fee is also not applicable.
What are the Features of Chase Freedom Unlimited?
Let’s consider the features!
Chase Ultimate Rewards
Let’s take a detailed look at rewards!
Earn rewards at the following rates with Chase Freedom:
- 5% cashback on Chase Rewards® travel, 3% cashback on qualifying dining and pharmacy purchases, and 1.5 percent payment returned on all other transactions
- You’ll also get a $200 bonus after spending $500 on purchases in the first three months after starting your account.
- In addition, on up to $12,000 spent in the first year, get 5% cashback on grocery store purchases (excluding Target® and Walmart® purchases).
The value of Chase Ultimate Rewards® points is usually one cent per point. On Chase Freedom, you may use your points to:
- A 1 cent per point statement credit or direct deposit
- 1 penny per point gift cards
- 1 cent per point travel booked through Chase
- 0.8 cents per point for Amazon items
- Purchases made using Pay With Points, which cost 0.8 cents each.
Chase has an excellent reputation for customer service among major issuers. The bank received an 807 in J.D. Power’s 2021 customer satisfaction survey, placing it fourth out of 11 card companies.
Customer service at Chase has improved since the bank added an online chat tool to its website, making it simpler to receive a rapid answer to a basic query.
After you pay $500 on purchases in the first three months after opening your Chase Freedom account, you will get a $200 incentive. This is one of the best no-annual-fee credit card sign-up incentives you’ll discover.
Grocery incentives during the first year
Beyond the sign-up incentive, the Chase card offers an extra first-year benefit. On up to $12,000 paid in the first year, you can receive 5% cashback on grocery shop purchases. Purchases made at Target® and Walmart® are not covered.
Program for getting money back
The Chase Freedom card offers a substantial cashback scheme, as follows:
- Chase Ultimate offers 5% back on travel purchases.
- Up to 5% back on Lyft rides till March 2022
- 3% cashback at restaurants and pharmacies
- 5% cashback on all other qualified purchases
Overall, the card’s generous cash-back program rivals those of the finest cash-back cards. Frequently, the rewards take the lead.
No annual fee
This card is a fantastic choice if you want to save as many card fees as possible. Because the Chase Freedom card has no annual fee, it’s a great deal whether you’re a big spender or don’t use your card very often.
0% intro APR
For an astounding 15 months, the card offers a 0% initial APR on purchases.
No minimum redemptions:
You may get a statement credit on your card account for as low as $0.01 in cashback. Some rewards credit cards have you wait until you’ve spent a certain amount, such as $25 before you can cash in your points.
You can obtain the first three months free of DashPass as a cardholder, a subscription service from DoorDash that offers free restaurant takeaway delivery on orders over $12. (Other service fees may apply). To take the real benefit of this promotion, you must activate it by December 31, 2021.
You’ll be automatically enrolled in DashPass for another nine months at 50% off the standard fee of $9.99 per month after three months. If you wish, you can cancel your membership before then.
How much does Chase Freedom Unlimited Cost?
Let’s consider in detail the costing scheme offered by Chase Freedom Unlimited! The Card comes with an annual fee of 0 and a balance transfer fee of 5% on the total amount of transfer. What about the foreign transaction fees? It will cost 3% of every transaction and in US dollars.
The card involves a cash advanced fee of 5% of the entire transaction amount but it can be greater.
There is a late payment fee of almost $40. The card has no over-the-credit-limit fee and that’s a significantly valuable advantage.
Besides this, Chase Unlimited will not charge any return check fee from customers. But there is a return payment fee of up to $40. That’s how the costing works!
Who is Chase Freedom Unlimited Best For?
Chase Freedom Unlimited is for consumers who desire a straightforward rewards program with good returns and exciting new bonus earning opportunities.
This card should now be on your radar if you are searching for a top-of-wallet credit card that won’t need you to do any extra research to optimize its worth.
It’s especially worthwhile to think about if you have other Chase Ultimate Rewards cards because you can combine your points from all of them to get more value out of them. For example, when you redeem your points for travel through Chase, you’ll gain 25% greater value with the Chase Sapphire Preferred and Ink Business Preferred Credit Cards. Plus, with the Chase Sapphire Reserves, you’ll get a 50% bonus.
Chase Freedom Unlimited Pros and Cons
Let’s consider the pros and cons in detail!
► High bonus rates
You can earn a whopping of 5% cash-back on different purchase categories that will help change each quarter and year. These quarterly options will highlight an everyday staple such as grocery store purchases and gasoline from a retailer type. That's how beneficial the Chase Ultimate Credit card is!
The card's cash bonus feature is relatively small and is easier to earn. You can also earn $200 cash-back mainly in three months, concluding a 40% return.
You can avail flexible redemption options on this cash-back credit card that aids in earning rewards in the form of Chase Ultimate Reward points. Therefore, you can get the maximum advantage with cash-back on grocery stores and more.
► Register to Maximize Rewards
It isn't easy to earn rewards as it requires some work and organization. You have to keep track of changing categories and register it accordingly.
It only offers 5% cash-back on your $1500 spent within other purchases on different bonus categories.