Quick facts

  • Rewards Rate: On up to $12,000 spent in the first year, earn 5% cashback on grocery store purchases (not including Target or Walmart purchases). Lyft credits 5 percent cash back through March 2022; travel purchased with Chase Ultimate Rewards: 3 percent cash back; dining: 3 percent cash back; drugstore expenditures: 1.5 percent cash back.
  • Welcome, Offer: When you spend $500 on your card within three months of opening an account, you’ll get a $200 cash bonus.
  • Balance Transfer Intro APR: Introductory Balance Transfer: The intro balance transfer fee is $5 or 3% of the amount of each transfer, whichever is more significant in the first 60 days.
  • Regular APR: The rate will increase with the amount you’ve earned (if any) to 24.74 percent, or 14.99 percent after that first year.

We like the flexibility that cashback credit cards provide consumers to maximize everyday purchases. The Chase Get Freedom Unlimited® credit card is one of the few cards with as much freedom as the Chase PayTM Mastercard®.

The Chase Freedom Unlimited is a great cashback credit card, and it’s easy to understand why. There is no annual charge, and you earn bonus points in everyday categories and a fixed 1.5 percent cash back on all other purchases through the Chase Ultimate Rewards program. You may also use your rewards for statement credits and gift certificates.

Whether you’re looking for a new cashback card or already have a Chase Freedom Unlimited account, the following tips will help you make the most of this card’s benefits for your finances.

Pros

  • There is no yearly charge.
  • You may earn more value when you move points from a lower-tier Chase card to a higher-tier one.
  • An introductory APR rate on new purchases and balance transfers is included.
  • Freebies include travel insurance and a free DoorDash DashPass, which provides unlimited one-way delivery orders on the service’s menu. There are numerous other benefits for this no-annual fee card, including food delivery discounts.

Cons

  • If you use the Ultimate Rewards portal to make your travel reservations, you’ll only get 5 percent back.
  • For transfers made after your first 60 days, the intro 3 percent balance transfer fee ($5 minimum) rises to 5% ($5 minimum) for a year.
  • The 5 percent grocery store bonus category is restricted to the first $12,000 you spend during your first year and does not include purchases at superstores like Walmart and Target.
Photo Credit: Chase

Chase Freedom Unlimited® vs. Chase Freedom Flex: What’s the difference?

If you’re thinking about the Chase Freedom Unlimited®, you may be asking how it compares to the similarly named Chase Freedom Flex℠.

Freedom-branded credit cards do not have an annual charge, and both of them provide lucrative ways to earn cashback.

The rewards difference generally boils down to a choice between the Chase Freedom Flex and the Chase Freedom Unlimited: 5% quarterly rotating categories on the Chase Freedom Flex versus 1.5 percent “everything else” (instead of 1 percent everything else) of the Chase Freedom Unlimited.

Invite interested candidates to a special presentation dubbed by the company as an interview. -> A quick assessment:

  • Chase Freedom Flex℠: The 5% cashback offer is appealing, but it’s not as simple as it appears. Bonus cashback is limited to $1,500 per quarter in purchases before reverting to 1% back. Category activation is necessary; all other purchases earn 1%.
  • Chase Freedom Unlimited®: The 1.5 percent back on everything else is less exciting, but it’s more straightforward and far more adaptable than the old Amex Platinum.

The bonus categories that rotate with the Chase Freedom Flex will determine which is more valuable. It also relies on how much money you spend in total. Because it’s limitless, 1.5 percent on everything else might be more practical for big spenders.

In the table below, the differences in rewards between the two cards and the discontinued Chase Freedom® are highlighted and the benefits of upgrading to a better card.

The Chase Freedom Unlimited® could be right for you if you have a big family, want to save money on your monthly expenses, and make some extra cash on your debts.

The Chase Freedom Unlimited® is a fantastic present for new cardholders, with high ongoing value at a low price. Its most significant features are as follows:

Photo Credit: CNN

Big welcome bonus

The current bonus: Get a $200 gift after you spend $500 on purchases in your first three months from account opening. And earn 5% cashback on grocery-related transactions (not including Target® or Walmart® purchases) up to $12,000 spent during the first year.

It’s unusual to find a credit card that pays out such a substantial cash bonus, making it simple to accomplish.

Useful bonus categories

Bonus Rewards Categories are helpful and lucrative:

  • Restaurant money-back offers are common, with many of them offering anywhere from 2% to 5%. A maximum of $2.50 per receipt is available for cashback at restaurants and takeout, but your earnings may vary depending on the merchant. Take advantage of freebies and deals at local eateries by taking advantage of this card’s perks.
  • If your cashback total reaches $25, you’ll get 2% back on all drugstore purchases.
  • Chase Ultimate Rewards offers 5% back on travel booked through Chase Ultimate Rewards.
  • Up to 5% back on Lyft-associated purchases made via the app through March 31, 2022.

Many people find that restaurants and drugstores are especially beneficial reward categories. You’ll earn $90 annually if you spend $3,000 each year in those two areas.

If you travel frequently, it’s worth considering whether a Chase Visa card could save you money. If you spend $5,000 on a vacation that costs more than $6,000 in total, for example, your traveler’s compensation is reduced by 5%.

The following are some of the benefits that come with having a Chase Freedom Unlimited card:

Chase Freedom Unlimited card’s perks can’t compete with those you’ll find on a premium travel card like the Sapphire Reserve. Still, the card does offer several excellent consumer benefits for a no-annual fee card. Here are some highlights:

Complimentary DashPass membership is included.

The Freedom Unlimited card’s bonus rewards on food purchases, DashPass is a DoorDash-sponsored membership that gives you unlimited deliveries for $0, and it’s an excellent complement to the program’s rewards on dining expenses.

After three months of free DashPass membership, the Freedom Unlimited comes with a one-time charge of $39.99 to extend your membership for another year (normally $9.99 per month) for nine months and then automatically enrolled in DashPass for half price (typically $9.99 per month) for the next nine months.

Limitation of liability and insurance is the main reason customers purchase extended warranty plans.

If you buy something with your Freedom Unlimited card and it’s damaged or stolen within 120 days of purchase, you can use the card to pay for up to $500 per claim and $50,000 per account. Manufacturers’ warranties of three years or less on items you buy with the card are also extended by a year.

Cancellation and interruption insurance are included.

When traveling appears uncertain, it’s tempting to purchase trip cancellation and interruption insurance. What’s more, this coverage is typically only available with travel cards that charge a high annual fee. If your journey is canceled or truncated due to sickness, severe weather, or other covered events, you may be reimbursed up to $1.

Pay Yourself Back Using Chase Pay

Chase added the Pay Yourself Back functionality to the Chase Freedom card series in October 2017, allowing you to use your rewards for good. You can activate Pay Yourself Back by linking your account and selecting a payment method while purchasing, then using your points to cover the cost.

Freedom Unlimited may now be used to make charitable donations worth up to $2,000 per year at a rate of 1.25 cents per point (until December 21, 2021).

However, you can use a Sapphire Preferred (25 percent boost) or Reserve (50 percent boost) card to protect recent Airbnb and Away purchases until March 31, 2022. This means you may use your Freedom Unlimited to collect points in categories outside of the Sapphire Reserve’s reach and then combine them with the Reserve for a substantial 1.5 cent.

Another Chase card goes well with it.

The most straightforward approach to get the most out of your travel redemptions is to combine your Chase Freedom Unlimited card with a Chase Sapphire credit card like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® which come with significant welcome bonuses.

The Chase Freedom Unlimited does not come with any of these cards. Adding one of these cards to your wallet unlocks premium rewards redemptions that you won’t get with the Chase Freedom Unlimited — such as the ability to move points between airlines and hotels. You’ll also get a more excellent value when you redeem points for travel using the Chase Sapphire Preferred or Chase.

The Chase Freedom Unlimited comes with a $1,500 bonus for spending $500 in the first three months. The bonus categories on this card are primarily dining and travel; therefore, you can transfer the points you earn in bonus Chase Freedom categories to your Sapphire Preferred or Reserve account (which offers bonus categories limited to dining and travel).

If you have a Sapphire Preferred or Sapphire Reserve, consider transferring your points to one of those accounts instead. This will allow you to use your points for more than simply airline flight redemptions, as these competitors do not offer frequent flyer points for hotel stays. For example, if you spend $12,000 on groceries in the first year, acquire. For example, if you spent $50 each week on groceries with the Sapphire Preferred, you’d earn 1 cent per point. For a total of 12,000 points worth $150 in travel when redeemed for travel, you can spend more while earning more rewards. By combining the cards in this manner, Chase ensures that you get the most out of both.

Photo Credit: The Points Guy

Earn Rewards

The Chase Freedom Unlimited credit card has a different rewards system accessible to almost everyone. Here’s how it works:

  • When you spend $500 on your card within three months of opening your account, you may earn cashback of up to $200.
  • Get 5% back on your first year’s purchases at grocery stores ($12,000 maximum) if you spend $500 or more during the first year.
  • Earn 3% cashback on dining at restaurants, including takeout and delivery.
  • To earn 5% back on travel booked through Chase Ultimate Rewards®, you must have a Chase Sapphire Card and a linked card from one of the participating banks.
  • Through March 2022, earn 5% back on Lyft trips.
  • Receive 3% cashback on purchases at the drugstore.
  • 1.5 percent cash back on all other purchases is unlimited.

Cashback is earned on purchases and can be redeemed for cash back at any time in your account. Even if your account is closed, you may always redeem cashback for money.

Increasing the Value of Your Bonus Categories

The Chase Freedom Unlimited’s reward categories cover a wide range of everyday expenditures so that you can make the most of your regular purchases in a variety of ways:

  • As a cardholder, you may earn 5% back on up to $12,000 in grocery purchases during the first year. You can maximize your benefit by purchasing at least $500 worth of groceries each month for a total of $600 cashback over the first 12 months in this category alone. Keep in mind that Chase’s grocery sector does not include.
  • Before you book your trip, check for cheaper rates. You’ll get 5% back on hotel reservations, flights, car rentals, and other travel expenses when you use the Chase Ultimate Rewards site to book your vacation. However, depending on your vacation plans, you may be able to save more than 5% by booking through other travel sites or directly.
  • Make your Chase Freedom Unlimited the preferred payment option on your Lyft app. You’ll receive 5% cashback each time you utilize the rideshare service.
  • To earn 3% cashback on your purchases, use your card when you dine out — whether it’s in a restaurant or not.
  • Discover 3% cashback when you get prescriptions or make other purchases at your local pharmacy. If you save coupons (as with ExtraBucks through CVS, for example), this may be a fantastic way to add to your savings.

Make the most of Chase Ultimate Rewards.

Once you’ve used your Chase Freedom Unlimited to earn rewards, it’s time to start optimizing. Cashback and travel redemptions are the most valuable options for most people, but there are other excellent choices available as well. Here are just a few methods to get the most out of your Chase Ultimate Rewards points:

  • For faster redemptions, cash in your points for any statement credit to your account.
  • Use Chase’s Pay Yourself Back function to exchange points for a value of 1.1 cents per point toward past dining purchases (up to $250 total) on your statement between September 30, 2021, and December 31, 2021. Use the American Express Card or another card with ThankYou Points to make eligible transactions at restaurants and other qualifying purchases until 2022.
  • Look up gift card possibilities on the Chase portal if you’re looking for a specific store to purchase at. You may often obtain discount gift cards with a value of more than 1 cent per point that you can use to buy items for less than 1 penny each.
  • Check the Chase Ultimate Rewards portal for special offers from partner companies, such as Apple or Peloton purchases at a reduced rate.
  • Amazon.com redemptions are extremely limited — you’ll only earn 0.8 cents per point when you pay with points at checkout compared to other choices.

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