Overview
Chase Freedom Unlimited Card Snapshot
Annual Fee: $0
Recommended FICO Score: 680 – 850
Interest Rate: 14.99% – 23.74%
SignOn Bonus: $200 after spending $500 in first 3 months
Card Type: Rewards
Best For: Travel, dining out and everyday spending
The Chase Freedom Unlimited card is a great card to add to your wallet as it offers high reward rates across different categories that give 1.5 – 5% returns. Furthermore, the value of your reward points can be maximized when pooled with other Chase cards (such as the Reserve or Preferred Sapphire cards) and then used on the Chase Ultimate Rewards portal to book your travels. This card offers exceptional value to anyone who applies for it.
Reward Offering
The Sign On Bonus
The Chase Freedom Unlimited card has a sign-bonus where you can earn a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.
Reward Multiplier
5%
Earn 5% cash back on travel purchased through Chase Ultimate Rewards.
5%
Earn 5% cash back on Lyft rides through March 2022.
3%
Earn 3% cash back on dining at restaurants, including takeout and eligible delivery services.
3%
Earn 3% cash back on drugstore purchases.
1.5%
Earn 1.5% on all other purchases.
Other Benefits
0% Intro APR for the first 15 months that your Account is open. After that, 14.99% to 23.74%.
Redeem rewards as: cashback, amazon points, gift cards or on travel purchases through Chase Ultimate Rewards portal.
Get a complimentary 3 months of DashPass, DoorDash’s subscription service that provides unlimited deliveries for a $0 delivery fee on eligible orders over $12 on DoorDash and Caviar (other fees may apply). After that, you are automatically enrolled in DashPass at 50% off for the next 9 months. Activate by March 31, 2022.
Purchase protection: Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver and more.
$0 fraud liability.
Who Is This Card Suited For
The Chase Freedom Unlimited card is a powerful card that can be used multiple ways depending on the needs of the person:
If you are looking for a no-fee cash back card then the Chase Freedom Flex card is a great option to consider. It has a rich reward structure where you earn: 5% from travel bookings on Chase Ultimate Rewards portal. You also get 3% back on dining out and on drugstore purchases, after that all other purchases get you 1.5%. This is an extremely generous return for this class of card.
If you are looking to maximize your reward points for travel you can pool your points with other cards like the Sapphire Preferred or Sapphire Rewards. Those points could then be used on the Ultimate Rewards portal where the value of your points increases from 1 cent to to 1.25 or 1.5 cents depending on the card that you have.
Either way, this is a great card to consider especially since there is no associated annual fee.
Key Benefits:
- A rich reward structure (ranging from 1.5% to 5% returns).
- Ability to maximize point value by combining with other Chase Cards.
- No annual fee.
Key Drawbacks:
- Bonus categories might not match your spending habits.
- Requires effort to track spending across categories.
- Not optimized for international travelers (3% foreign transaction fee).
Card Fees And Expenses
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% of the amount of each transaction in U.S. dollars. |
| Interest Rates | 0% Intro APR for the first 15 months that your Account is open. After that, 14.99% to 23.74% |
| Late Fees | up to $40 APR up to 29.99% |
| Balance Transfers | Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater. 0% Intro APR for the first 15 months that your Account is open. After that, 14.99% to 23.74% |
| Cash Advance | Either $10 or 5% of the amount of each transaction, whichever is greater. APR 24.99%. |
