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2023 Chase Freedom Unlimited Review: Is It the Right Card for You?

Hold onto your hats, folks! The Chase Freedom Unlimited® has been making waves in the credit card world and for a good reason. In this Chase Freedom Unlimited review, we’ll show you how this nifty little card packs a punch in the rewards department, offering cash back on everyday purchases, flexible redemption options, and a slew of extra benefits that can make your wallet sing.

Ready to dive into the world of cash back rewards? Let’s explore what makes Chase Freedom Unlimited® a top contender in the cash back card race.

Key Takeaways

  • Chase Freedom Unlimited: Get rewarded for everyday spending with 5% cash back on travel, 3% on dining and drugstore purchases + a generous $200 welcome bonus!
  • Catch-all card: 1.5% on all categories.
  • Enjoy purchase protection, extended warranty & more benefits, plus maximize rewards potential by combining points with other Chase cards.
  • Perfect card for those looking to get the most out of their everyday spending, say hello to freedom!

Chase Freedom Unlimited

  • 5% on travel booked through Chase Ultimate Rewards
  • 3% on dining including eligible delivery services and takeout
  • 3% on drugstore purchases
  • 1.5% on all other purchases
  • $200 Bonus offer
    – After spending a mere $500 in the first three months of account opening.
  • 5% Gas and Grocery offer in the first year
    -Up to $600 cash back on combined gas station and grocery store purchases.
  • 0% Intro APR
    – First 15 months from account opening.
  • No Annual Fee
  • Great intro offer
  • 1.5% unlimited
  • Requires Good/ Excellent credit score
  • Foreign transaction Fee
  • Complicated Rewards system

Chase Freedom Unlimited: Features and Rewards

A WOMAN holding a Chase Freedom Unlimited credit card

The Chase Freedom Unlimited® offers:

  • A variety of cash back rates and bonus categories
  • Solid choice for earning rewards on everyday spending
  • Access to the Chase Ultimate Rewards program with fantastic redemption options

Cash Back Rates

The Chase Freedom Unlimited® stands out for its generous cash back rate.

You’ll earn 1.5% cash back on all your purchases, with no limit on the amount you can earn. That’s right, the sky is the limit when it comes to raking in those rewards.

Bonus Categories

Adding to its appeal, the Chase Freedom Unlimited® provides bonus categories for increased cash- back on travel purchased. You’ll get a whopping 5% cash back on travel booked through Chase Ultimate Rewards, plus 3% on dining and drugstore purchases. That’s some serious dough for simply using your card to make purchases in these categories.

So go ahead, treat yourself to that dream vacation or fancy dinner, knowing that you’re earning top-notch rewards with our premier rewards program while you’re at it, thanks to direct deposit. Plus, you can enjoy all the cash benefits of a statement credit.

Welcome Offer

If you’re new to the Chase Freedom Unlimited®, a warm welcome awaits you. New cardholders can score a sweet $200 welcome bonus after spending a mere $500 in the first three months of account opening. That’s like getting a 40% return on your spending, just for joining the club! And with such an easy spending requirement, you’ll be enjoying that bonus cash in no time.

Chase Freedom Unlimited Benefits

A woman using a laptop to access the Chase Ultimate Rewards portal

In addition to its rewarding cash back rates and bonus categories, the Chase Freedom Unlimited® presents extra benefits for your convenience and security. With purchase protection, extended warranty, and travel insurance, you’ll have peace of mind knowing you’re covered in various situations. Plus, with Chase Credit Journey, you can monitor your credit health and make informed financial decisions. Chase Credit Journey helps in keeping track of your credit score and staying on top of your financial goals.

Purchase Protection and Extended Warranty

The Chase Freedom Unlimited® provides relief if you ever experience the distress of having a recent purchase damaged or stolen. The card’s purchase protection covers eligible items against damage or theft for 120 days, up to $500 per claim and $50,000 per account.

And if you’re worried about your new gadget breaking down just the beginning after the manufacturer’s warranty expires, fear not! The Chase Freedom Unlimited® also offers extended warranty protection, adding an extra year of coverage on eligible items with a warranty of three years or less.

Travel Insurance

The Chase Freedom Unlimited® is there to alleviate worries about potential mishaps while you’re traveling. The card offers travel insurance, including car rental and trip insurance, providing peace of mind during your adventures.

So whether it’s a fender bender in a rental car or a sudden illness that forces you to cancel your trip, the Chase Freedom Unlimited® has you covered.

Pros and Cons of Chase Freedom Unlimited

Like any credit card, the Chase Freedom Unlimited® has both advantages and disadvantages that potential cardholders should consider.

Pros

  • Generous Cash Back Rates: The Chase Freedom Unlimited® offers a flat 1.5% cash back rate on all purchases, with no limit on the amount you can earn. Additionally, it provides bonus categories that can increase your cash back rate to 5% or 3% on specific purchases.
  • No Annual Fee: The Chase Freedom Unlimited® has no annual fee, making it a cost-effective choice for many cardholders.
  • Welcome Bonus: New cardholders can earn a substantial welcome bonus after meeting a relatively low spending requirement in the first three months.
  • Versatile Redemption Options: Cash back earned with the Chase Freedom Unlimited® can be redeemed in a variety of ways, including statement credits, direct deposits, gift cards, and travel bookings.

Cons

  • Foreign Transaction Fee: The Chase Freedom Unlimited® charges a 3% foreign transaction fee, which can add up for cardholders who frequently travel abroad.
  • High APR: The Chase Freedom Unlimited® has a relatively high APR, which can result in significant interest charges for cardholders who carry a balance.
  • Limited Extra Benefits: While the Chase Freedom Unlimited® does offer some extra benefits, such as purchase protection and extended warranty, it lacks some of the premium benefits offered by other cards, such as free airport lounge access or travel credits.

The Chase Trifecta

A man holding a Chase Sapphire Preferred Card, Chase Freedom Flex Card and a Chase Freedom Unlimited Card

Savvy rewards enthusiasts may be familiar with the Chase Trifecta. The Chase Trifecta is a powerful combination of three Chase cards that, when used together, can amplify your rewards potential.

The trifecta consists of the Chase Sapphire Preferred Card, Chase Freedom Unlimited, and Chase Freedom Flex.

Strategic use of these three cards in different spending categories can maximize your rewards and further enhance value when redeeming points.

Chase Sapphire Preferred Card

Ideal for globetrotters, the Chase Sapphire Preferred Card provides 5 points per dollar for travel booked through Chase Ultimate Rewards and 3 points on dining, online grocery purchases, and select streaming services. With no foreign transaction fees and a generous welcome bonus after meeting the spending requirements, the Sapphire Preferred Card is a fantastic complement to the Chase Freedom Unlimited® for those who love to travel and dine out.

Check our review of Chase Sapphire Preferred

Chase Freedom Flex Card

The Chase Freedom Flex Card, ideal for those who prefer variety, features a unique rewards structure to optimize spending across diverse categories. With 5% cash back in rotating quarterly bonus rewards and fixed bonuses on dining and certain travel purchases, the Freedom Flex Card is another excellent addition to the Chase Trifecta.

Check our review of Chase Freedom Flex

Pairing these card with the Chase Freedom Unlimited® ensures optimal rewards for your spending.

Synergy of the Chase Trifecta

Earning Categories Chase Sapphire Preferred Chase Freedom Unlimited Chase Freedom Flex
Travel (through Chase Ultimate Rewards) 5x points 5% cash back 5% cash back
Dining 3x points 3% cash back 3% cash back
All Other Travel 2x points N/A N/A
Drugstore Purchases 1x points 3% cash back 3% cash back
Select Streaming Services 3x points N/A N/A
Online Grocery Purchases (excluding Walmart, Target, and wholesale clubs) 3x points N/A N/A
Bonus Categories (Quarterly) N/A N/A 5% cash back
Lyft Rides 5x points (until March 2025) 5% cash back (until March 2025) 5% cash back (until March 2025)
Everyday Purchases 1x points 1.5% cash back 1% cash back

The synergy of the Chase Trifecta is key to maximizing your rewards. By using all three cards together, you can take advantage of the unique rewards structures and bonus categories offered by each card, ultimately amplifying your rewards potential. Plus, by combining points earned across all three cards, you can unlock even more redemption options and increase the value of your points.

It’s the ultimate strategy for making the most of your rewards and redeem rewards efficiently.

Chase Freedom Unlimited vs. Competitors

A man SEEING a Citi Double Cash Card, A AMEX BLUE CASH PREFERRED CARD and a Chase Freedom Unlimited Card

Having seen the impressive features and benefits of the Chase Freedom Unlimited®, you might wonder how it compares to other popular cash back cards. Examining how the Freedom Unlimited compares to some top competitors reveals unique benefits and features that distinguish it.

Chase Freedom Unlimited vs. Citi Double Cash Card

The Citi Double Cash Card, another popular cash back card, provides a straightforward 2% cash back rate on all purchases. While this may seem enticing, it’s important to remember that the Double Cash Card lacks the bonus categories and additional benefits offered by the Chase Freedom Unlimited®.

Ultimately, the choice between these two cards may depend on personal preference and spending habits. However, the Freedom Unlimited presents a more comprehensive package for maximizing rewards potential.

Chase Freedom Unlimited vs. Blue Cash Preferred from American Express

The Blue Cash Preferred® Card from American Express impresses with high cash back rates in specific categories, like 6% cash back at U.S. supermarkets and select streaming services. However, this card comes with a $95 annual fee and may not be as versatile as the Chase Freedom Unlimited® when it comes to earning rewards across a wide range of spending categories.

While the Blue Cash Preferred may be a good fit for some, the Freedom Unlimited offers a more flexible rewards structure with no annual fee and the option for balance transfers.

Maximizing Chase Freedom Unlimited Rewards

A man HOLDING a laptop AT A AIRPORT AND HE DID access the Chase Ultimate Rewards portal

Optimizing your Chase Freedom Unlimited® card involves smart strategies to maximize rewards potential. By combining points with other Chase cards and utilizing the card’s bonus categories, you can ensure you’re getting the best possible return on your spending.

Combining Points with Other Chase Cards

A smart strategy to maximize your Chase Freedom Unlimited® rewards is combining points with other Chase cards like the Sapphire Preferred or Ink Business Preferred. By transferring points between cards, you can increase the value of your points and unlock even more redemption options through the Chase Ultimate Rewards portal.

This strategy can help you make the most of your rewards and ensure you’re getting the best possible return on your spending, especially when using eligible delivery services.

Utilizing Bonus Categories

Optimizing the Chase Freedom Unlimited’s bonus categories involves using your card for travel, dining, and drugstore purchases, thereby earning higher cash back rates. By strategically using your card for these types of purchases, you can maximize your rewards and get even more value from your spending.

Just remember to stay on top of the latest bonus categories and make the most of your spending in those areas.

Rates and Fees

A man holding a credit card and a stack of cash

In terms of rates and fees, the Chase Freedom Unlimited® is relatively wallet-friendly, provided you settle your balance promptly and fully. With no annual fee and a 0 intro APR period, the regular APR ranges from 20.49% to 29.24% variable, making the Freedom Unlimited an affordable option for responsible cardholders.

Is the Chase Freedom Unlimited Right for You?

So, could the Chase Freedom Unlimited® be the right card for you? If earning rewards on everyday spending and having flexible redemption options appeals to you, this card might be an ideal match.

With the potential to maximize your rewards even further when combined with other Chase cards, the Freedom Unlimited offers a comprehensive package for savvy rewards enthusiasts.

Summary

In conclusion, the Chase Freedom Unlimited® is a versatile and rewarding cash back card that offers a host of benefits and features to make your spending more rewarding. With generous cash back rates, bonus categories, and the potential to combine points with other Chase cards in the Chase Trifecta, this card is a powerful tool for earning rewards and getting the most out of your spending. So why wait? Discover all the great features of Chase Freedom Unlimited® for yourself and start reaping the rewards of your everyday spending today.

Commonly Asked Questions

Chase Freedom Unlimited®

Chase Ultimate Rewards is a top-tier rewards program provided by Chase. With every dollar spent using your Chase Freedom Unlimited, you accumulate points that can be redeemed for travel, gift cards, cash back, and more via the Chase Ultimate Rewards portal.

Although both are Chase products, Chase Freedom Unlimited offers a steady cash back rate on all purchases, whereas Chase Freedom offers rotating bonus categories that provide higher cash back rates at specific times.

Absolutely! Certain qualified delivery services might help you earn bonus rewards or fit into specific bonus categories, maximizing your cash back.

Statement credit is the amount credited back to your card account, which can reduce your balance. For instance, the Chase Freedom Unlimited offers a $200 statement credit as a welcome bonus after meeting certain requirements.

Chase Credit Journey is a tool that aids in your credit scores and monitoring your credit health. It offers users a snapshot of their credit score, helping them make informed financial decisions.

No, the Chase Freedom Unlimited does not have an annual fee, making it a cost-effective choice for many cardholders.

Yes! Chase Freedom Unlimited rewards you with 3% cash back on drugstore purchases. This is one of the many bonus categories that can help your rewards add up quickly.

While the the card issuer itself does not provide traditional direct deposit, certain rewards or cash back can be directed as a statement credit or transferred to savings accounts or other methods.

Yes, the Chase Ultimate Rewards portal allows users to transfer points between eligible Chase cards, thereby increasing the potential value of the ultimate rewards points themselves.

Yes, a 3% foreign transaction fee applies. This is important to consider if you plan to use the card for international purchases.

Bonus categories, such as travel or dining, offer higher cash back rates than other purchases. For example, with Chase Freedom Unlimited, you can earn 5% on travel booked through Chase Ultimate Rewards.

The Chase Freedom Flex offers rotating bonus categories and fixed bonuses on certain purchases. When used along with Chase Freedom Unlimited, you can optimize rewards across a variety of spending categories.

Yes, the Chase Freedom Unlimited® comes with a purchase protection feature. This means that if you buy an item with your card and it gets damaged or stolen within 120 days of the purchase, you may be eligible for compensation. This protection covers up to $500 per claim and $50,000 per account. It’s a great feature that provides an added layer of security for your purchases.

Absolutely! The Chase Freedom Unlimited® comes with an extended warranty protection. This feature adds an additional year of coverage for eligible items that already come with a warranty. This means if you buy an electronic device or a household appliance that comes with a manufacturer’s warranty of three years or less, the Chase Freedom Unlimited® extends that warranty by an extra year.

This is a fantastic benefit that can save you money and hassle in the long run, especially for big-ticket items where repair costs can be high.

While the Citi Double Cash provides a consistent 2% cash back on all purchases, the Chase Freedom Unlimited® offers a range of rates with bonus categories and additional benefits.

This makes it a more versatile choice for many users. For instance, with Chase Freedom Unlimited®, you can earn a whopping 5% cash back on travel booked through Chase Ultimate Rewards, plus 3% on dining and drugstore purchases.

That’s some serious dough for simply using your card to make purchases in these categories. Additionally, the Freedom Unlimited also comes with a host of extra benefits like purchase protection, extended warranty, and access to the Chase Ultimate Rewards program.

So, when you compare these two cards, the Chase Freedom Unlimited® offers a more comprehensive package for maximizing rewards potential.

The Chase Freedom Unlimited card requires a good to excellent credit score of at least 670, plus an annual income that demonstrates an ability to make its minimum payment each month. As such, it can be difficult to get, but not impossible with the right preparation.

Chase Freedom Unlimited’s 1.5% cash back rate and 3% foreign transaction fee are downsides compared to other cards offering higher rewards or lower fees. These cons can make it difficult to maximize your savings when using the card.

Earn 1.5% cash back on every purchase with Chase Freedom Unlimited® – no limits!

The Chase Freedom Unlimited credit limit starts at $500, but you can get an even higher limit if approved for the Visa Signature version of the card – which offers a minimum credit limit of $5,000. Take advantage of this cash back card to benefit from its rewards!

The Chase Freedom Unlimited® rewards you with 5% cash back on travel booked through Chase Ultimate Rewards, plus 3% on dining and drugstore purchases – so you can get bonus rewards no matter where you’re going!

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