Freedom Unlimited Card offers cash rewards on spending one dollar on buying things Freedom Unlimited Card offers earn points and discounted annual fee.
Freedom Unlimited Card Rewards Review And Annual Plan 2023
Freedom Unlimited Card offers cash rewards on spending one dollar on buying things Freedom Unlimited Card offers earn points and discounted annual fee.
Freedom Unlimited Card CashBack
Freedom Unlimited card can be a good choice, especially for people that want One credit card that’s going to do the majority of the heavy lifting. For them going to give them decent rewards across the board without them having to overthink it without having to think about a lot of different categories. How to maximize their rewards specifically what you are getting from Chase Freedom Unlimited a no-annual fee credit card.
Giving you these rewards three percent cash back on your dining purchases which includes in the restaurant. For takeout and delivery services you’re getting three percent cash back on drugstore purchases, and you get five percent cash back. If you book travel through Chase’s own Ultimate Rewards travel portal which is like an Expedia-type experience. Then you get 1.5 percent cash back on all other purchases with the card and then a little addendum to those is the fact that, as I write this article and this is through uh sometime in 2025.
Freedom Unlimited Card Rides Reward
You’re also getting five percent cash back on rides with Lyft. They don’t advertise that as one of these sorts of core components of this card. Because it does have an ending date but as I write this article it’s 2023 and who knows maybe it will be extended even beyond that the Chase Freedom Unlimited is marketed as a cash-back card. But technically you are earning rewards points in the Chase Ultimate Rewards program. Now those points can be redeemed for cash at a penny per point. So all the percentages I just wrote about add up if you are getting three points per dollar on dining purchases. For example, if they’re worth a penny a piece then that’s three cents per dollar which is three percent that works out.
With all the other percentages as well the only reason I bring up this point is because technically you can take the points in the Chase Ultimate Rewards program and you can use them for other types of rewards. If you choose you can use them for gift cards you can use them for travel which may be appealing to you in certain circumstances. We will get back to you as I write this article Chase is offering a potential bonus for new cardholders. You could earn an extra two hundred dollars as long as you spend five hundred dollars with the card in the first three months of having it.
Freedom Unlimited Card Bonus
In the first year up to twenty thousand dollars in purchases so if you spent twenty thousand dollars with the card in the first year. You’d actually end up getting an extra 300 bonus instead of a 200 bonus. So it depends on which offer makes more sense to you if you are going to spend over thirteen thousand five hundred in that first year.
The extra 1.5 percent bonus would make more sense if you were going to spend less than that the uh 200 right up front after the 500 spend would be the better option. Chase Freedom Unlimited is also going to offer you a zero percent interest rate as a new card holder for the first 15 months on both new purchases that you make with the card and on balances that you might transfer from a different credit card. Onto the Chase Freedom unlimited so that means for the first 15 months any purchases that you make you could float them from month to month without paying off the full balance.
Freedom Unlimited Card Interest Rate
You would not have to pay any interest on those purchases after the first 15 months then you’d want to stop doing that. Because then you’re going to start paying interest on those purchases same thing with balance transfers. If you move a balance from a different credit card onto the Chase Freedom unlimited you could have it sit for 15 months. While you pay it off without us having to pay any interest on those balances says either you should note however that there is a three percent balance transfer fee upfront.
If you move a balance from another card onto this one and that is for the first 60 days after you open the account after those first 15 months the interest rate on this card is going to be fairly high as it is with most credit cards depending on your credit history. It could be as low as 20.24 percent which isn’t even all that low to begin with it could be as high as 28.99. That’s going to depend on your credit history other credit cards you’ve had what your credit score is all that kind of stuff but you don’t want to be carrying a balance at any of those numbers. So really in that first 15 months maybe take advantage of the zero percent but after that, you want to pay off those balances in full each month.
Freedom Unlimited Card Protection
While it Choice Freedom Unlimited is mostly a rewards card without a lot of extras outside of those rewards. There are a few benefits that you might take advantage of first there is an extended warranty, which means when you make a purchase with this card and it has a manufacturer’s warranty you won’t get an extra year on that manufacturer’s warranty.
Because you paid with the card there is purchase protection which means if whatever you bought is stolen or damaged in the first 120 days after you make that purchase. You could have that reimbursed for up to 500 of whatever it is that you purchase you’ve got trip cancellation or Interruption insurance. If you pay for your travel with the card and your trip is canceled or interrupted.
You could be reimbursed for some of the expenses that go along with that trip cancellation or Interruption so overall that is a decent package and like. If you are willing to hold more than one credit card or maybe you already have a decent credit card in your wallet. If you’re looking to add to it you might choose a different credit card or cards instead.
For example, the Wells Fargo active cash Visa City double cash MasterCard both of these offers you two percent cash back on all of your purchases versus the 1.5 percent cash back. That you’re going to get on the vast majority of purchases with Chase Freedom Unlimited, and then you have cards like the blue cash every day.
Freedom Unlimited Card Groceries Rewards
Where you can get three percent on groceries three percent on gas and enhanced rewards as well. In other categories, you have the Capital One saver one card three percent on dining three percent on entertainment three percent on groceries you’ve got the U.S Bank altitude go that gives you four percent. On your dining purchases, you’ve got the Wells Fargo autograph Visa where you get three percent cash back in a number of different categories.
So if you were willing to hold other cards multiple other cards you could be getting yourself three percent in a lot of sort of the everyday categories. The gas groceries dining and getting yourself two percent cash back on everything else doesn’t fit in those categories so so sort of a question of do you want to hold just to Chase Freedom Unlimited. Because that’s a whole lot simpler or do you want to carry two or three other cards so you can maximize your rewards and get a little bit more back.
Freedom Unlimited Card Offers Chase Sapphire
The Chase Freedom Unlimited can be used for cash back but I also write they could be used potentially for travel rewards. The reason that is something that could be interesting to you is the fact that if you also hold one of the Chase Sapphire cards to Chase Sapphire Preferred or the Chase Sapphire Reserve.
You could potentially transfer the points from your Chase Freedom Unlimited into the account of the Sapphire preferred or the Sapphire reserve and get more value out of them. When you use them to book travel through Chase’s Ultimate Rewards travel portal,
So the way that works is if you have points with Chase Freedom Unlimited and you have the Chase Sapphire preferred for example you just move the points into your Chase Sapphire preferred account. And then if you redeem those points for travel through that travel portal. You’re going to get an extra 25 percent in value on those points so the three percent on dining.
Freedom Unlimited Card Travel Reward
For example, is going to go up to 3.75 when it is redeemed for travel if you have that Chase Sapphire preferred if you have the Chase Sapphire Reserve. You’ll actually get an extra 50 percent on those points when you book through the travel portal. So three percent on dining for example gonna go up to 4.5 on dining if they are redeemed in that manner and so for some people they like to get multiple Chase cards.
Because of the fact that those Sapphire cards do have that extra multiple on them when you use them for travel through the travel portal. So this may be of no interest to you but if it is that is another reason why you might choose Chase Freedom Unlimited instead of other cards on the market knowing that you’re going to be able to get some extra value on the points.
Freedom Unlimited Card Approval Cards
That you’re earning Beyond those cashback numbers that I just write about now let’s talk about applying for Chase Freedom Unlimited and your approval odds and what it’s going to take to get approved for the card. First off Chase Freedom Unlimited is probably one of the easier cards to be approved for from Chase. If you have some credit history under your belt you have a decent credit score of 700 or above.
You’re probably going to get approved for this card the longer your credit history the higher your credit score the more likely. It is going to be that you’re going to get a high credit limit when you are approved so it could be five thousand dollars could be significantly more. If you’ve got some credit history if you don’t have much credit history possibly you could be approved but you could have a very low credit limit as low as 500 is actually. The minimum on this card Chase usually likes to see a year of credit history with somebody else.