Advertiser Disclosure

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 CardChase Freedom Unlimited Credit Card

is a cash back credit card that is a great option for a broad range of spending categories.

There are ways for cardmembers to earn bonus cash back on travel (must be booked through Chase), drugstores, and dining.

Keep in mind that your rewards are accumulated in Chase 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.

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
  • Earn 5% cash back on travel purchased through Chase Ultimate Rewards, 3% on dining and drugstore purchases
  • Earn 1.5% cash back per $1 spent on all other purchases
  • Earn bonus cash back on travel purchased through Chase, dining, and drugstores purchases
  • No annual fee
  • Relatively high APR for purchases and balance transfers

The cash back program for the card are as follows:

  • Earn 5% cash back on travel purchased through Chase Ultiamte Rewards
  • Earn 3% cash back on dining and drugstore purchases
  • Earn 1.5% cash back on all other purchases.

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

For the average consumer, the is likely to offer plenty of ways to earn cash back rewards.

It has a place in the wallet for most people.

Looking to max out your cash back rewards?

Remember that you can transfer Chase Ultimate Rewards points between Chase card accounts. And, the premium travel credit cards from Chase will offer a bonus redemption on those points -- allowing you to extract more value from the points earned on the Chase Freedom Unlimited card.

Compare Best Accounts Now