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Chase Freedom Unlimited Credit Card Review

The Chase Freedom® Unlimited℠ credit card is reviewed for its simple cash back rewards program while being pitted against other cash back cards available.
(3 out of 5) MyBankTracker Editor's Rating

Chase Freedom Unlimited Credit Card
Chase Freedom Unlimited Credit Card

is a flat-rate cash back credit card.

Customers can earn 1.5% cash back on all purchases. There are no spending limits or rotating categories.

There are many noteworthy features to this card, in addition to the flat-rate cash back. Usually, there's an introductory bonus that can be earned once a specific amount of spending is made in the first 3 months.

Currently, the Chase Freedom Unlimited has elevated its typical sign-up bonus to include two components: cash back (or points) and an introductory 5% bonus category. New applicants will earn a $200 bonus after spending $500 in their first three months, as well as 5% cash back (5x points per dollar) on up to $12,000 of grocery store purchases (not including Target or Walmart purchases) in their first year.

Also, there is an introductory APR period. 0% intro APR for the first 15 months on purchases, then a variable APR of 14.99% – 23.74% applies currently.

Keep in mind that with the Freedom Unlimited, your cash back can be transferred into you can earn Ultimate Rewards points, which may be used to redeem cash back -- cash back points can be used to redeem gift cards, or for trips through Chase online travel booking portal.

This card is a suitable card to consider when looking for a flat-rate cash back credit card that has no reward limits. Although there are higher earning flat-rate cards, this card does have an advantage with its attractive bonus.

We've broken down the basics of the to help you decide if it's the right card for you.

Main Card Highlights

Chase Freedom Unlimited Card Pros & Cons

Pros Cons
  • Good for people who want to earn unlimited rewards points for cash back while shopping
  • Earn 1.5% cash back per $1 spent on everything
  • No minimum to redeem cash back
  • No annual fee
  • Versatility in the types of rewards you can redeem and simple redemption structure
  • 0% Intro APR
  • 5% Cash back on Groceries first year
  • Potential to earn more than 1.5% cash back is limited after first year
  • Not the best card for earning cash back
  • High APR for balance transfer

There are various highlights to this card. Obviously, the most notable is the 1.5% cash back on all purchases. But you’ll earn 5% back at grocery stores as part of the sign-up bonus, but you’ll also earn 5% back on travel booked through Ultimate Rewards, 3% back on dining and 3% back on drugstores. Thanks to Chase's recent partnership with Lyft, you can also earn 5% cash back on Lyft rides paid for with the Freedom Unlimited. 

Your points don’t expire as long as your account remains open and in good standing.

1.5% Cash Back

You earn 1.5% cash back on every dollar spent. The cash back is recorded as points (1.5 points per dollar spent) and each point is worth 1 cent.

The points are stored under the Chase Ultimate Rewards system. Points can be redeemed for cash as either account statement credit or an electronic deposit into a checking or savings account.

If you don’t want straight cash, you can also redeem the points for gift cards, merchandise, and more.

If you’re the kind of consumer who does spend heavily in any particular categories, this card is a good choice to earn substantial cash back on all your spending.

Versatility

As part of Chase’s Ultimate Rewards Program, cardholders who also use other Chase credit cards, such as the , have the potential to stack up earnings by pairing them together.

Read Chase Sapphire Preferred Editor's Review

Customers can also redeem points for travel through Chase’s online portal.

No Redemption Minimum

Also worthy of a distinguishable mention is card’s access to cash back.

There is no minimum to redeem your earnings, unlike many cards. So, whether there is a nickel or a $1 to your rewards account, the money is available to cash out when you’d like.

Incentives to Sign Up

The  offers nice sign-up incentives to help you boost your earnings from day one.

Intro APR

Also making this card offer enticing is the introductory period on all purchases and balance transfers.

However, the balance transfer fee is 5% of the amount transferred, with the minimum being $5. For someone who is looking to consolidate debt, Chase Slate is likely the better option.

Card Protections

This card’s chip technology provides cardholders extra protection when used in a chip card reader. There is also zero liability protection when there are unauthorized charges made on the card.

A few other notable protective features include:

Purchase Protection

This protects your new purchases for 120 days against damage or theft. This covers up to $500 per claim and $50,000 per account.

Price Protection

If there is a price change within 90 days of making a purchase with your card, a Chase Freedom Unlimited cardholder can be reimbursed the difference up to $500 per item and $2,500 per year.

Auto Rental Collision Damage Waiver

Cardholders who use their card to pay for a rental service have automatic access to theft and collision damage insurance for most cars in the U.S. and abroad.

So, you can kindly decline the company’s collision coverage. The card insurance is still secondary to your primary car insurance, however.

All of these card protections have become the standard for most credit cards.

Final Verdict

The flat-rate cash back is an attractive feature, as well as the versatility the card offers customers.

Whether this card is a suitable option for you or not depends on how you plan to use the card. Although there is a flat rate of 1.5% cash back on all purchases, there is no potential to earn more than this.

So, if you’re one to spend more in a particular category like gas, restaurants, or groceries, you should consider a credit card that offers more cash back on those specific categories.

The is beneficial for cardholders who don’t want the hassle of signing up for rotating categories and requesting cash-back rewards.

If you want a card that has options for your earnings, this card has it. This feature is even more beneficial if you’re already a Chase cardholder -- you can rack up your earnings to rack up your rewards.

Looking to max out your cash back rewards?

Consider pairing your card with the , which is a higher flat-rate cash back card.

Read Citi Double Cash Card Editor's Review

Bundling them together will allow your points to add up faster and your rewards to be greater.