Why we like this card: The Chase Freedom Unlimited® card is a well-rounded rewards card, offering generous cash-back earnings in a variety of categories. The $0 annual fee and an introductory 15-month 0% APR make this card particularly attractive to budget-conscious cardholders.
- 0% intro purchase APR for 15 months from account opening (after that, the variable APR will be 19.99%–28.74%)
- Up to 5% cash back
- $0 annual fee
- Low sign-up bonus compared to other cards
- Foreign transaction fee
Chase Freedom Unlimited: Overview
- Intro: 0% intro purchase APR for 15 months from account opening (after that, the variable APR will be 19.99%–28.74%)
- Purchase: 19.99%–28.74% Variable
- Balance transfer: 0% intro balance transfer APR for 15 months (intro balance transfer fee: $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days)
- Cash advance: 29.99% Variable APR, plus a fee of either $10 or 5% of the amount of each transaction, whichever is greater.
- Penalty: Up to 29.99% APR
Annual fee: $0
Foreign transaction fee: 3% of the amount of each transaction in U.S. dollars
Late payment: Up to $40
Returned payment: Up to $40
The Chase Freedom Unlimited® card is a versatile credit card that offers a comprehensive rewards program for everyday purchases. This card stands out for its ability to earn unlimited 1.5% cash back on all eligible purchases. The rewards program also extends to specific categories such as travel purchases made through the Chase Ultimate Rewards portal, dining at restaurants, and drugstore purchases—all of which earn 5% cash back. The card features no annual fee, adding to its appeal for budget-conscious consumers. To incentivize new cardholders, it provides a $200 signup bonus after meeting spending requirements.
Moreover, the Chase Freedom Unlimited® card includes benefits that go beyond its cash back rewards program. That includes an introductory 0% APR for the first 15 months after card approval, which applies to both purchases and balance transfers. The card also comes with additional perks, including purchase protection, extended warranty benefits, complimentary three-month DashPass and Instacart+ membership, and 5% cash back on Lyft purchases (through March 2025).
Chase Freedom Unlimited: Rewards
The Chase Freedom Unlimited card offers a tiered rewards structure:
- 5% cash back on travel purchased through Chase Ultimate Rewards
- 3% cash back on dining at restaurants, including takeout and eligible delivery services
- 3% cash back on drugstore purchases
- 1.5% cash back on all eligible purchases
Additionally, new cardmembers can earn a $200 bonus after spending $500 within the first three months from account opening.
How to redeem Chase Freedom Unlimited rewards points
Chase offers several ways to use your cash back rewards points.
Book travel through Chase Ultimate Rewards portal
If you’re looking to get the most value out of your rewards, booking travel through the Chase Ultimate Rewards portal is one of your best options. Normally, each reward point is worth one cent when redeemed for cash, but if you transfer points earned via your Chase Ultimate rewards card to one of your premium cards, you can boost their value when redeemed for travel in this way. For example, transferring points to your Chase Sapphire Reserve® card will boost their value to 1.5 cents per point.
Transfer points to travel partners
The Freedom Unlimited card also allows you to transfer your points to Chase’s travel partners at a full 1:1 value ratio, which includes several airline and hotel loyalty programs.
Pay yourself back
The Pay Yourself Back program, introduced in 2020, helps certain customers with eligible cards get higher redemption values on points when requesting a statement credit. For Freedom Unlimited cardholders, points are worth 1.25 cents when redeemed this way.
Pay with points
Chase also allows you to use your points when making purchases directly at select merchants. First, you need to enroll in the program. Then you’ll see your total points available displayed at checkout, and you can choose how many points you want to allocate toward the purchase.
Chase cardholders get access to exclusive experiences and events that can be purchased with points, including sporting events, concerts, and culinary experiences.
Redeem for gift cards
You can use rewards points to buy gift cards from over 175 popular retailers and restaurants. Keep in mind that point values may vary depending on the specific gift card. In general, however, one point is worth one cent when redeemed this way.
- Zero liability protection: You won’t be liable for unauthorized charges made with your card or account information.
- Purchase protection: Get covered against damage or theft up to $500 per claim and $50,000 per account on new purchases for 120 days.
- Extended warranty protection: The U.S. manufacturer’s warranty is extended by an additional year, on eligible warranties of three years or less.
- Trip cancellation/interruption insurance: If your trip gets canceled or cut short due to sickness, severe weather, or other covered situations, you can get reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares.
- 24/7 fraud monitoring: Chase will monitor your card for fraud 24/7 and can text, email or call you if there are any unusual purchases.
- Auto rental collision damage waiver: Receive secondary coverage for theft and collision damage for most cars in the U.S. and abroad. You must first decline the rental company’s collision insurance and charge the entire rental cost to your card.
- Travel and emergency assistance services: Call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance while you’re away. (You will be responsible for the cost of any goods or services obtained.)
- DashPass: Get three months of DashPass for free, after which you’re automatically enrolled in DashPass at 50% off for the next nine months. You must activate by December 31, 2024.
- Lyft: Get 5% cash back on Lyft rides through March 31, 2025 (3.5% cash back in addition to the 1.5% cash back you already earn).
- Instacart: Receive free membership to Instacart+ for three months. You must enroll by July 31, 2024.
Is Chase Freedom Unlimited right for you?
The Chase Freedom Unlimited card is a solid rewards credit card that offers competitive cash back rates on a number of categories, especially travel. If you’re looking for a card with a straightforward reward structure that doesn’t require you to keep track of rotating categories, and/or a rewards card that caters to frequent travelers, the Freedom Unlimited could be a good choice for you.
Credit cards similar to Chase Freedom Unlimited
There are several cash back credit cards on the market that work similarly to the Chase Freedom Unlimited. So before applying for this card, see how it compares to a couple of other options.
Discover it® Cash Back vs. Chase Freedom Unlimited® card
A similar card to the Chase Freedom Unlimited® is the Discover it® Cash Back card. With Freedom card, you also have the opportunity to earn up to 5% back. However, the Discovers it® Cash Back card rotates its top earning category quarterly, and rewards are capped at $1,500 in qualifying purchases per quarter. The base cash back rate is also slightly lower than the Chase Freedom Unlimited at 1%.
U.S. Bank Cash+® Visa Signature Card vs. Chase Freedom Unlimited®
The U.S. Bank Cash+® Visa Signature® Card is another rewards card that allows you to earn up to 5% back, has no annual fee, and comes with a $200 sign-up bonus. The main difference between this card and the Chase Freedom Unlimited is that the Cash+ card requires you to select two rotating bonus categories each quarter in order to earn 5% back. If you fail to select categories, you’ll earn a default 1% cash back rate on all purchases. The 5% rewards bonus is also capped at $2,000 in spending per quarter.
Frequently asked questions
What is the difference between Chase Freedom FlexSM and Freedom Unlimited®?
The main difference between these two cards is that the Chase Freedom Flex℠ earns the most cash back in certain rotating categories, while the Freedom Unlimited earns consistent rewards in the same specific categories.
What is the 5/24 rule?
This is a policy that Chase has regarding its credit cards. According to this rule, you will likely not qualify for a new Chase credit card if you’ve opened five or more Chase cards in the past 24 months.
What credit score is needed to get a Chase Freedom Unlimited card?
In general, credit card applicants need good credit to qualify for the Chase Freedom Unlimited card, which is defined as a FICO credit score of 670 or higher. However, you may need a higher score to qualify, depending on your overall credit and financial profile.
Please note that card details are accurate as of the publish date, but are subject to change at any time at the discretion of the issuer. Please contact the card issuer to verify rates, fees, and benefits before applying.
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Is Chase Freedom Unlimited hard to get? You'll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better. But a credit score alone isn't enough to qualify for any credit card.Does the Chase Freedom Unlimited card have an annual fee? ›
Also, Freedom Unlimited® cardmembers will continue to earn 1.5% cash back on all other purchases, and No Annual Fee.Why did I get denied for a Chase Freedom Unlimited card? ›
You Chase Freedom Unlimited® could be denied because of a low credit score (below 700), not enough annual income, or too many recent credit inquiries. Other grounds for denial could be incomplete or inaccurate information on the application, or a pending bankruptcy on your credit report.How much income do you need for a Chase Freedom Unlimited card? ›
There's no specific annual income required to qualify for a credit card, especially because credit card companies look at many factors to help determine whether or not you qualify.What is the max credit limit on Chase Freedom Unlimited? ›
According to the terms and conditions for the Chase Freedom Unlimited®, you could wind up with either the Visa Platinum® account, you'll receive a minimum credit limit of $500, with a potential limit of up to $4,999.How often does Chase Freedom Unlimited increase credit limit? ›
How often does Chase increase credit limits? Chase may automatically increase your credit limit every six to 12 months if you're a borrower in good standing. Whether or not Chase will automatically increase your credit line depends on several factors, including your credit score, account history and credit utilization.What's the difference between Chase Freedom and Chase Freedom Unlimited? ›
The Chase Freedom Flex℠ and Chase Freedom Unlimited®* both come with no annual fee, but the Chase Freedom Flex earns the most in rotating quarterly bonus categories, while the Chase Freedom Unlimited offers steady category bonuses and 1.5 percent back on all purchases.Will Chase waive an annual fee? ›
Chase is one of the major credit card companies that waive annual fees for all of their personal credit cards for spouses and active-duty service members. While all of their personal cards are applicable for this benefit, the Chase Sapphire Preferred® Card is one of their best cards for points and discount benefits.Is Chase Freedom card being discontinued? ›
Effective September 15, 2020, the Freedom card is closed for new applicants. If you have the Freedom card, your card won't be canceled, but you do have a few options about what you want to do.Why is it so hard to get a Chase Freedom card? ›
The Chase Freedom Unlimited card is fairly hard to get because you need good to excellent credit to qualify for it, which is a credit score of 700 or better. Applicants for Chase Freedom Unlimited will also need an annual income that demonstrates an ability to make at least the card's minimum payment every month.
Two Cards Per 30 Days
Chase generally limits credit card approvals to two Chase credit cards per rolling 30-day period. Data points conflict on this but a safe bet is to apply for no more than two personal Chase credit cards or one personal and one business Chase credit card every 30 days.
Where your annual net income is how much you bring home in your actual paychecks after deductions are taken out, your gross income is how much you earn before deductions and taxes are taken out. If you apply for the Chase Freedom Unlimited®*, for example, they'll ask for your “total gross annual income.”What is the credit limit for 50000 salary? ›
What will be my credit limit for a salary of ₹50,000? Typically, your credit limit is 2 or 3 times of your current salary. So, if your salary is ₹50,000, you can expect your credit limit to be anywhere between ₹1 lakh and ₹1.5 lakh.What's the easiest Chase card to get? ›
Chase has one good starter credit card, the Chase Freedom® Student credit card, but it's only available to students. It offers 1% cash back on purchases plus a $50 bonus after your first purchase and a $20 good standing reward after every account anniversary.Which Chase card is harder to get? ›
The hardest Chase credit card to get is Chase Sapphire Reserve® because it requires a credit score of at least 750 for high chances of approval.How much should I spend if my credit limit is $1000? ›
A good guideline is the 30% rule: Use no more than 30% of your credit limit to keep your debt-to-credit ratio strong. Staying under 10% is even better. In a real-life budget, the 30% rule works like this: If you have a card with a $1,000 credit limit, it's best not to have more than a $300 balance at any time.How much should I spend if my credit limit is $5000? ›
This means you should take care not to spend more than 30% of your available credit at any given time. For instance, let's say you had a $5,000 monthly credit limit on your credit card. According to the 30% rule, you'd want to be sure you didn't spend more than $1,500 per month, or 30%.Can you buy a car with a credit card? ›
In general, car dealerships accept credit cards. You might even be able to use a card to buy a vehicle. However, it's more likely that the dealership will take a credit card for a down payment or a part of the down payment up to a certain amount. For you, using a credit card is a convenience or maybe a necessity.Why is my Chase credit limit so low? ›
Chase periodically prompts credit card customers to update their annual income. If you report a lower annual income than you had when you were approved for your card, they could lower your credit limit to match the decrease in your income.
Yes, Chase may automatically increase a credit limit for eligible cardholders. Credit card issuers like Chase consider several factors before offering an automatic increase, like the cardholder's credit score, credit utilization rate and how long a credit account has been open.
You can ask for a credit limit increase on an existing credit card. A credit card company may also increase your limit without a request from you.What is better than the Chase Freedom Unlimited card? ›
Although both cards offer excellent earning potential, the Chase Sapphire Preferred card has an edge over the Freedom Unlimited card thanks to its generous welcome bonus and the opportunity to receive better value for your points at redemption time. The card also offers better travel insurance benefits.How many credit cards is too many to have open? ›
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.Is Chase Freedom Unlimited better than Sapphire Reserve? ›
If you're wondering which card is better between the Chase Sapphire Reserve or the Chase Freedom Unlimited, for most people the Chase Sapphire Reserve is better suited to those who spend more money on travel, while the Freedom Unlimited is better for maximizing everyday spending.How do I avoid Chase monthly service fee? ›
- A balance at the beginning of each day of $300 or more in this account.
- OR, $25 or more in total Autosave or other repeating automatic transfers from your personal Chase checking account (available only through chase.com or Chase Mobile® app)
If you have a Chase credit card you can call the customer service number on the back of the card or call 877-469-0110 to speak to a Chase customer service representative. Let the representative know you are thinking about closing your account and want to know if there is a way to get the annual fee waived.How to bypass Chase monthly fee? ›
- Electronic payments made to your Chase Total Checking account totaling at least $500.
- Balance in the account at the start of each day of at least $1,500.
Remember, a lot of the benefits of the Amex Gold card pay for its annual fee, so we recommend the Amex Gold card to enthusiastic travelers looking for outsized rewards. We recommend the Freedom Unlimited card to the no-frills customer looking to focus on cash-back rewards with low fees.What replaced Chase Freedom? ›
Chase recently launched a new cash-back credit card, the Chase Freedom Flex℠. This card replaces the Chase Freedom as an option for new cardholders, although existing Chase Freedom customers can keep their old card.What is the new Chase card rule? ›
The Chase 5/24 rule is an important consideration for anyone applying for a Chase credit card. Chase will likely deny your credit card application if you've opened five or more new cards in the past 24 months. This rule applies to all Chase credit cards, including co-branded and small business cards.
To qualify for the Chase Sapphire Preferred and Chase Sapphire Reserve, you'll likely need very good (740 or higher) to excellent credit (800 or higher). However, you'll likely have the best odds of approval for any Chase card if your credit score is in the very good to excellent range.Is it bad for your credit to apply for credit cards? ›
Applying for a new credit card can trigger a hard inquiry, which involves a lender looking at your credit reports. According to credit-scoring company FICO®, hard inquiries can cause a slight drop in your credit scores. Keep in mind: Hard inquiries usually stay on your credit reports for two years.What is the Chase 5 24 rule? ›
To be approved for a Chase credit card, you must have fewer than five approvals for credit cards within the last 24 months. When you apply for a Chase credit card, Chase will count the card you're applying for as part of your allowed five approvals.What is the 2 90 rule Chase? ›
There isn't a formal, consistent policy that limits the number or timing of your applications with Chase. The general rule of thumb is to limit applications to no more than one personal and one business card within 90 days. Still, I've also read reports of applicants being approved for two personal cards in a month.What is churning a credit card? ›
The process involves applying for a credit card, getting approved, meeting a minimum spend within a set amount of time, earning a large welcome bonus, and canceling the card before the next annual fee is due. Once this is complete, the process is simply repeated again and again, hence the term churning.What is the annual income for $15 an hour? ›
With 52 weeks in the year, that means you work a total of 2,080 hours per year. Therefore a person making $15 an hour would make about $31,200 per year.Do credit cards check your income? ›
Yes, credit cards do check your income when you apply. Credit card issuers are required by law to consider your ability to repay debt prior to extending a new line of credit. So, listing your annual income is a requirement on every credit card application.How much proof of income do I need for a credit card? ›
But generally, you should report only income that can be verified by tax returns, a letter or some other document. “Use common sense,” says Ira Rheingold, executive director of the National Association of Consumer Advocates. “If you can't prove the income exists, you shouldn't list it.”What is a respectable credit limit? ›
A good credit limit is above $30,000, as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt.How much of a $1,500 credit limit should I use? ›
NerdWallet suggests using no more than 30% of your limits, and less is better. Charging too much on your cards, especially if you max them out, is associated with being a higher credit risk.
What is considered a “normal” credit limit among most Americans? The average American had access to $30,233 in credit across all of their credit cards in 2021, according to Experian. But the average credit card balance was $5,221 — well below the average credit limit.What two Chase cards should you have? ›
Experts broadly recommend having at least two credit cards across different networks. Having both a Visa® and Mastercard® comes in handy if a merchant doesn't take one of your cards. You may want to look for cards that offer different rewards, such as cash back and miles to take advantage of different perks.What is the highest credit line for Chase? ›
Highest “Overall” Credit Limit: $500,000
The winners of the nosebleed award for the highest credit limit among cards for mere mortals are these twins: Chase Sapphire Preferred® Card and Chase Sapphire Reserve®, with annual fees in the mid-triple digits and high-double digits, respectively.
On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.Is Chase Freedom Unlimited hard to get? ›
Is Chase Freedom Unlimited hard to get? You'll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better. But a credit score alone isn't enough to qualify for any credit card.Why are Chase cards so good? ›
Chase credit cards are known for great rewards — including both sign-up bonuses and generous rates on spending — and a. Chase issues some of the best co-branded airline, hotel and store credit cards on the market.Which Chase credit card is easy to get approved for? ›
The best Chase starter credit card is the Chase Freedom® Student credit card because it accepts applicants with limited credit history and reports to the three major credit bureaus on a monthly basis. Freedom Student also rewards cardholders with 1% cash back on all purchases, and it has a $0 annual fee.Can anyone get Chase Freedom Unlimited? ›
The Chase Freedom Unlimited® is designed for people with good credit and better, with a FICO® Score of at least 670. The card will be hard to get with a much lower credit score. That's not to say applicants with lower scores can't secure approval.How long does it take to get approved Chase Freedom Unlimited? ›
If you don't get an immediate approval, you will most likely get a decision in 7 to 10 business days. However, sometimes it can take up to 30 days.Which Chase card is easier to get approved for? ›
The easiest Chase credit card to get is the Chase Freedom® Student credit card, but it's only available to students. Applicants can get approved for this card with limited credit.
The Chase Freedom credit card is discontinued—here's what that means for existing Freedom cardholders.What is the difference between Chase Freedom and Freedom Unlimited? ›
The Chase Freedom Flex℠ and Chase Freedom Unlimited®* both come with no annual fee, but the Chase Freedom Flex earns the most in rotating quarterly bonus categories, while the Chase Freedom Unlimited offers steady category bonuses and 1.5 percent back on all purchases.Is Chase hard to get approved for? ›
You'll need good or excellent credit to get most Chase cards. However, there are plenty of options from other issuers to choose from. A good example is the OpenSky® Secured Visa® Credit Card. There's no credit check when you apply, so approval is almost guaranteed.What is Chase 5 24 rule? ›
To be approved for a Chase credit card, you must have fewer than five approvals for credit cards within the last 24 months. When you apply for a Chase credit card, Chase will count the card you're applying for as part of your allowed five approvals.Should I have 3 credit cards? ›
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.Does Chase automatically approve credit cards? ›
Chase approves most credit card applications instantly. As soon as you click submit, you should receive a decision within 60 seconds. However, some applications require further review.Why would I not get approved for a Chase credit card? ›
You don't have enough income. You have too much debt relative to your income. There are too many recent inquiries on your credit report. There's a recent delinquency or error on your credit report.Why are Chase credit cards so good? ›
Chase credit cards are known for great rewards — including both sign-up bonuses and generous rates on spending — and a. Chase issues some of the best co-branded airline, hotel and store credit cards on the market.What is the most difficult card to get? ›
Centurion® Card from American Express
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.