Chase Freedom Unlimited Credit Card Review

(3 out of 5) MyBankTracker Editor's Rating

Chase Freedom Unlimited Credit Card
Chase Freedom Unlimited Credit Card

Chase Freedom Unlimited 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. Also, there is an introductory APR period.

Also, 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 Chase Freedom Unlimited card 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
  • No potential to ever earn more than 1.5% cash back
  • 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.

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 Chase Sapphire Preferred, have the potential to stack up earnings by pairing them together.

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

No Redemption Minimum

Also worthy of a distinguishable mention is Chase Freedom Unlimited 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 Chase Freedom Unlimited card 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 Chase Freedom Unlimited card’s 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 Chase Freedom Unlimited card 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 Chase Freedom Unlimited card with the Citi Double Cash Card, which is a higher flat-rate cash back card.

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

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