INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.
August 29, 2022
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Let’s get started.
The Chase Freedom Unlimited is an excellent credit card for anyone looking for a daily-driver credit card with a solid rewards program.
The card offers competitive cash back rewards on up to $20,000 spent during the
first year of account opening:
After the first year or $20,000 spent you get:
Chase has also packed in a lengthy 15 month 0% introductory APR period on purchases and balance transfers (the ongoing APR is 20.49% - 29.24% Variable).
Although commonly regarded as a cashback rewards card, it’s clear that this is also an excellent card for racking up travel rewards and taking advantage of the 15 month long intro APR on large purchases.
The card issuer designed this rewards card for people with a good credit score or better. As such, you should apply for this card with a credit score of 670 or better.
Applying with a lower credit score won’t guarantee rejection, but you may be subject to higher interest rates.
Something else to consider before applying is how many credit cards you’ve applied for in the past. If you’ve applied for too many, Chase’s 5/24 rule will result in automatic rejection.
What is Chase’s 5/24 rule?
In a nutshell, the 5/24 rule prohibits people who have opened five or more credit cards in 24 months from getting a new credit card with Chase. So, even if you have a perfect credit score of 850 and plenty of disposable income, the card issuer will still reject you.
Next, let’s take a look at the kind of fees you can expect from the Chase credit card.
The $0 annual fee will be attractive to many consumers since the cardholder receives tons of benefits at no cost.
However, there are a few other fees the potential cardholder should be aware of:
In addition to minimal fees, the Chase Freedom Unlimited credit card has a very competitive interest rate.
There’s a 0% introductory APR on purchases and balance transfers for the first 15 months of account opening. After which, depending on your credit score, you’ll be assigned a regular purchase APR ranging between 20.49% - 29.24% Variable. The regular APR on balance transfers is also 20.49% - 29.24% Variable.
Since the Chase Freedom card is part of the Visa family, it includes several other benefits:
Next, we’ll take a closer look at some of the benefits and downsides of this card from Chase.
Here are some noteworthy features of this credit card offering from Chase:
Here are some alternative cards you could consider comparing this card to:
With minimal fees, a fantastic welcome bonus, and a host of cash rewards, the Chase Freedom Unlimited card is an excellent everyday cash back card - especially for those who already have the Chase Sapphire Preferred® or Chase Sapphire Reserve®.
Although the Chase Ultimate Rewards Points aren’t quite as simple as others, the various redemption options and unlimited flat-rate cash back make the Chase Freedom Unlimited one of the most appealing credit cards available.
You can apply for this card here.