Is the Chase Freedom Unlimited Credit Card worth it? June 2018 | finder.com

Chase Freedom Unlimited® credit card review – June 2018

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Get a $150 signup bonus and earn unlimited cash back with this no-annual-fee card.

30-second take

  • Get this card if you’re looking for cash back and no annual fees.
  • Pick something else if you plan to use your card on frequent overseas trips.
  • Apply with a good to excellent credit score of 690 to 850.

The no-annual-fee Chase Freedom Unlimited® credit card offers multiple benefits beyond the generous 0% intro APR on purchases and balance transfers for 15 months that even the basic Chase Freedom® card has. You’ll also get the same $150 signup bonus when you spend $500 in the first 3 months of opening your account. The biggest difference from the basic Chase Freedom® card? Your unlimited cash back for everyday purchases is sweetened to 1.5%.

Product NameChase Freedom Unlimited® credit card
Balance Transfer Rate (not intro)16.49% to 25.24% variable
APR for Purchases ( Purchase Rate )16.49% to 25.24% variable
Annual fee$0
Cash Advance Rate26.49% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 21 days
Returned Payment Fee$37
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Minimum Interest$0
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Annual fee$0
Returned Payment Fee$37
Over The Credit Line Fee$0
Late Payment Fee$37
Cash Advance Fee$10 or 5% of the amount of each transaction, whichever is greater

The basics

The Chase Freedom Unlimited® credit card can work well for people who want to earn cash back and pay no annual fees. It’s not the most robust cash rewards card given its 1.5% cashback rate, but what it lacks in rate it makes up for elsewhere. Almost all purchases qualify, there’s no cap and rewards can be redeemed as statement credit, a deposit or even gift cards and experiences through Chase Ultimate Rewards®.

The 0% intro APR for 15 months from account opening is where Chase Freedom Unlimited® credit card really shines. Purchases and balance transfers are both covered under the introductory APR, which can lead to further savings.

After the intro period, the APR reverts to the purchase rate of 16.49% to 25.24% variable. The normal purchase rate is a bit steep compared to some competitors, but Chase Freedom Unlimited® credit card still holds its own in other areas.

The perks

  • SIGNUP BONUS: $150 signup cash bonus.

    Spend $500 on purchases in the first 3 months from account opening and you’ll get $150. Add an authorized user for spending in the same 3-month period and you could earn an additional $25.

  • INTRO PERIOD: Enticing 0% introductory period.

    Pay no interest on purchases and balance transfers during the first 15 months from account opening. After the intro period, you’ll have a 16.49% to 25.24% variable APR. Where your APR falls in that range depends on your creditworthiness.

You’ll also like …

  • No annual fee.

    Not having to pay a fee each year will help you keep this card around long-term and reap its cashback benefits.

  • Unlimited cash back.

    Earn 1.5x cashback rewards on everyday purchases, which equates to $1.5 for every $100 you spend when you choose to redeem your points for cash back. Accumulated points don’t expire as long as your account remains open and in good standing.

  • Cashback redemption options.

    Redeem your points for statement credits or bank deposits. You can also redeem points for gift cards, travel and experiences through Chase Ultimate Rewards®.

  • Security and protection.

    Chase covers cardholders with zero liability, extended warranty and purchase protection. Extended warranty protection adds an extra year to US manufacturer’s warranties that are three years or less. Purchase protection covers damage and theft up to $500 per claim and $50,000 per account.

What to watch out for

Chase Freedom Unlimited® credit card is a decent $0 p.a. fee card with just a few elements you’ll want to be cautious of.

  • Foreign transaction fees.

    You pay a fee equal to 3% of each transaction when you use this Chase credit card to shop overseas.

  • Balance transfer fee.

    While you won’t pay interest on balance transfers in the first 15 months from account opening, you are still on the hook for a fee of whichever is greater, $5 or 5%. This means that a transfer of $1,000 will cost you $50 in fees.

Consider other cards if …

Compare cash back credit cards

Rates last updated June 19th, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
HSBC Cash Rewards Mastercard® credit card
14.49%, 18.49% or 24.49% variable
0% Intro APR for 15 months (with whichever is greater: $10 or 4% balance transfer fee)
$0
Earn unlimited 1.5% cash rewards on purchases.
Credit One Bank® Unsecured Visa® with Free Credit Score Tracking
17.49% to 25.49% variable
$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Get 1% cash back rewards on eligible purchase, terms apply.
Apply now Read review
Susan G. Komen® Cash Rewards Visa®
14.49% to 24.49% variable
0% Intro APR for 12 statement closing dates (with whichever is greater, $10 or 3% balance transfer fee)
$0
1% cash back on every purchase, 2% at grocery stores and now at wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter
Wells Fargo Cash Back CollegeSM Card
12.65% to 22.65% variable
0% Intro APR for 6 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
3% cash rewards on gas, grocery, drugstore for first 6 months, 1% cash rewards on virtually all other net purchases.
U.S. Pride® BankAmericard Cash Rewards™ Visa® Card
14.49% to 24.49% variable
0% Intro APR for first 12 statement closing dates (with whichever is greater, $10 or 3% balance transfer fee)
$0
Online $150 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
Blue Cash Everyday® Card from American Express
14.74% to 25.74% variable
0% Intro APR for 15 months (with whichever is greater, $5 or 3% balance transfer fee)
$0
Earn $150 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $150 back in the form of a statement credit.
Blue Cash Preferred® Card
14.74% to 25.74% variable
0% Intro APR for 12 months (with whichever is greater, $5 or 3% balance transfer fee)
$95
Earn $250 back after you spend $1,000 in purchases on your new Card in your first 3 months. You will receive the $250 back in the form of a statement credit.
Bank of America® Cash Rewards Credit Card
14.74% to 24.74% variable
0% Intro APR for 12 statement closing dates (with whichever is greater, $10 or 3% balance transfer fee)
$0
Earn more cash back for the things you buy most.
Citi® Double Cash Card
14.99% to 24.99% variable
$0
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
USAA® Preferred Cash Rewards Visa Signature® Card
13.40% to 27.40% variable
$0
Earn 1.5% cash back on every purchase with no limits or category restrictions. Pay no annual fee, no penalty APR and no foreign transaction fees.
Uber Visa Card
16.49%, 22.24% or 25.24% variable
$0
Get 4% points back on dining, 3% on travel, 2% on Uber rides and online shopping and 1% on other purchases, and redeem points for Uber credits, gift cards or cash back.
USAA® Cashback Rewards Plus American Express® Card
13.40% to 27.40% variable
$0
Earn $150 bonus after you make $500 in purchases within the first 90 days of opening your account.

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What you should know before applying

Eligibility criteria

  • You’re at least 18 years old.
  • You’re at least 19 years old if you live in Alabama or Nebraska.
  • You’re at least 21 years old if you live in Puerto Rico.

What credit score should I have?

A good to excellent credit score of 690 or higher will increase the chances of your application being approved.

Always consider your options and your financial situation before you apply for a credit card.

What do customers say about the Chase Freedom Unlimited® credit card?

Many cardholders praise the Chase Freedom Unlimited® credit card‘s 1.5% cashback feature. However, a few customers expressed that they had trouble getting their credit limit increased.

Chase earns a Trustpilot score of 5.5 out of 10 at the time of this writing. Most negative reviews cite slow responses to fraud complaints and less-than-helpful customer service. Positive reviews cite the bank’s great mobile app and quick resolutions to their issues. Overall, your mileage may vary with Chase customer support.

The JPMorgan Chase Credit Card division earns an overall A+ rating from the Better Business Bureau.

How do I apply for the Chase Freedom Unlimited® credit card?

  1. Go to the Chase Freedom Unlimited® credit card website and click Apply Now.
  2. Enter your personal contact information and click Next.
  3. Enter your financial information — including your monthly salary and rental or mortgage payment — and click Next.
  4. Enter additional details — including your Social Security number and mother’s maiden name — and click Next.
  5. Review your information and submit your application.

How long will it take for me to be approved?

You typically find out about your application’s status minutes after you submit it online if everything can be immediately confirmed. If approved, you’ll get your card in the mail within 10 business days.

I got the card. Now what?

After reviewing your application Chase will issue you either a Signature or Platinum card. If approved for a Signature account, your credit access line will be at least $5,000. If approved for a Platinum account, your credit limit will be at least $500. Once you receive your card, use it responsibly to avoid paying unnecessary fees, penalties or interest.

  • Manage your account online. Register with Chase Online to keep an eye on your spending and payments.
  • Steer clear of penalties. Late payments and returned payments can attract fees of up to $37.00.
  • Limit its use overseas. You pay foreign transaction fees each time you use this card outside the US. Learn more about cards that come with no foreign transaction fees.
  • Contact customer service. Don’t hesitate to contact Chase if you need any account-related information. Customer service can be reached at 1-800-432-3117. You can also connect with Chase on Twitter @ChaseSupport.

Bottom line

The $0 annual fee Chase Freedom Unlimited® credit card’s intro APR offer on purchases and balance transfers can lead to noticeable savings.

An intro APR isn’t everything though, and you may need a rewards card that better suits your everyday life. You can look into balance transfer cards with rewards programs, travel rewards cards and even gas rewards cards.

Common questions about the Chase Freedom Unlimited® credit card

Megan Horner

As the assistant publisher of credit cards at finder.com, Megan is passionate about helping you compare and find the best credit cards for your situation, whether that is earning great rewards or improving your credit score. In her previous position, Megan worked as an assigning editor at Credit Karma, where she focused on editing and publishing educational articles on credit cards. Megan started her career as a writer at a comparison website, so she has a longstanding background in surfacing the best deals and helping people make decisions. In her spare time, Megan likes to hike, camp, surf, and read.

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