Chase Freedom Unlimited® full review
If you have excellent credit and are seeking one of the top-notch cards, Chase Freedom Unlimited® could be the card you've been looking for.
Discover the Features of Chase Freedom Unlimited®
The Chase Freedom Unlimited® is an enticing cash-back credit card that stands out from competitors due to its generous sign-up bonus, long 0% introductory APR period, versatile redemption options, and lack of an annual fee.
When it comes to earning cash back, the Chase Freedom Unlimited® offers 3% on dining out and drugstore purchases, 5% on travel booked through Chase, and 1.5% on all other expenses. This combination of rewards rates can result in significant cash-back earnings.
If you have additional Chase credit cards that earn Ultimate Rewards points, the Chase Freedom Unlimited® becomes even more valuable. By making it your primary card, you can effortlessly accumulate additional benefits without any hassle.
This outstanding cash-back credit card has the potential to be a one-card solution, making it an appealing choice among similar options in the market.
Learn more about the Chase Freedom Unlimited® and discover its amazing potential.
Understanding the Mechanics of Chase Freedom Unlimited®
Despite being a no-annual-fee card, the Chase Freedom Unlimited® offers a remarkable earning rate. It provides 5% cash back on travel bookings through Chase Ultimate Rewards®, 3% cash back on eligible dining and pharmacy expenses, and 1.5% cash back on all other transactions.
If you combine your points with specific credit cards that earn Ultimate Rewards, you can maximize their value. Additionally, you can redeem your Chase Ultimate Rewards points for statement credits or travel at a rate of one cent per point through the Chase Ultimate Rewards travel portal.
If you already possess a premium Chase credit card such as the Chase Sapphire Preferred® Card or Chase Sapphire Reserve®, you have the option to combine your Ultimate Rewards points and either redeem them at a higher rate or transfer them to one of Chase’s travel partners for even greater value.
Maximizing Earnings with Chase Freedom Unlimited®
Based on the spending of a household with an annual income at the 70th percentile, which is $107,908, the projected allowable credit card charges for various costs total $32,072.
For travel expenses, it is estimated that a typical American household at this income level spends approximately $3,762, which would result in earning 18,810 points if booked through Chase.
Earning 16,665 points would require spending $5,555 on dining out and pharmacy purchases. After deducting expenses for travel, restaurants, and pharmacies, the typical American household would have around $22,755 in spending that can be charged to a credit card, earning an additional 34,132 points at a rate of 1.5 points per dollar.
In total, the Chase Freedom Unlimited® card can earn 69,607 points annually, equivalent to $696 in cash-back rewards. Please note that this calculation does not include the first-year welcome bonus or any additional first-year spending bonuses earned by meeting the minimum spending requirements.
The Key Benefits of Chase Freedom Unlimited®
Sign-up Bonus
When you apply for the Chase Freedom Unlimited®, you can enjoy an extra 1.5% cash back on your purchases for the first $20,000. This means you can earn up to $300 in cash back as a sign-up bonus.
Lucrative Cashback Program
The Chase Freedom Unlimited® offers a competitive cash-back program, including:
- 5% cash back on travel purchases through Chase Ultimate Rewards
- 3% cash back at restaurants and pharmacies
- 1.5% cash back on additional qualifying purchases
With these rewards rates, the Chase Freedom Unlimited® outshines many other cash-back cards and ensures that your rewards always stack up.
No Annual Fee
For individuals seeking to minimize credit card fees, the Chase Freedom Unlimited® is an excellent choice. It offers a host of benefits without any annual fee, making it suitable for both frequent and infrequent credit card users.
0% Introductory APR
With the Chase Freedom Unlimited®, you can take advantage of an impressive 15-month 0% introductory APR on both purchases and balance transfers.
How to Apply for the Chase Freedom Unlimited®
If you’re interested in obtaining the Chase Freedom Unlimited® card, be sure to check out our informative article on how to apply. It will guide you through the application process, allowing you to take advantage of the amazing benefits this card has to offer.
