Get a signup bonus and earn unlimited cash back with this no-annual-fee card.
finder.com’s rating: 4.2 / 5.0
- 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 670 to 850.
|Product Name||Chase Freedom Unlimited®|
|Standard Purchase APR||17.24% to 25.99% variable|
|Intro Purchase APR||0% for the first 15 months (then 17.24% to 25.99% variable)|
|Standard Balance Transfer APR||17.24% to 25.99% variable|
|Intro Balance Transfer APR||0% for the first 15 months (then 17.24% to 25.99% variable)|
|Balance Transfer Fee||$5 or 3% of the transaction, whichever is greater|
|Cash Advance Rate||27.24% variable|
|Cash Advance Fee||$10 or 5% of the cash advance amount, whichever is greater|
|Foreign Transaction Fee||3% of the transaction value|
|Interest Free Period||Up to 21 days|
|Late Payment Fee||Up to $38|
|Returned Payment Fee||Up to $38|
|Additional Cardholder Fee||$0|
|Rates & Fees||Rates & Fees|
|Minimum Age||18 years of age|
|Welcome Offer||3% cash back on all purchases in your first year up to $20,000 spent, then unlimited 1.5% cash back on all purchases|
|Rewards||3% cash back on all purchases in your first year up to $20,000 spent, then unlimited 1.5% cash back on all purchases|
|Base Rewards||1.5% cash back|
|Rewards Points Expiry||Never|
The Chase Freedom Unlimited® is great 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 a 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® 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
17.24% to 25.99% variable
. The normal purchase rate is a bit steep compared to some competitors, but Chase Freedom Unlimited® still holds its own in other areas.
Get a 60,000 Ultimate Rewards bonus with Chase’s checking account offer
SIGNUP BONUS: 3% cashback offer.
Earn a bonus 3% cash back for your first year on up to $20,000 in spending, then earn unlimited 1.5% after that.
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 17.24% to 25.99% variable APR. Where your APR falls in that range depends on your creditworthiness.
How much cashback rewards can I earn with the Chase Freedom Unlimited®?
The Chase Freedom Unlimited® is a simple card for rewards and the new welcome offer means your first year can prove even more lucrative than normal. Here’s how much cash back you might earn during your first year based on these potential budgets:
- $500 per month x 3% cash back = $180 cash back
- $1,000 per month x 3% cash back = $360 cash back
- $1,500 per month x 3% cash back = $540 cash back
Once you’ve spent up to $20,000 or your intro year is over, your cash back rate returns to 1.5%, so take advantage of your increased rate while you can.
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.
After the cashback signup offer, you’ll earn 1.5x cashback rewards on everyday purchases, which equates to $1.50 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.
Case study: Kevin’s experience
There are many glitzy credit cards, but the majority of consumers can get the most out of a flat-rate cashback product. It’s simple, likely has no annual fee and offers solid, consistent rewards.
That’s why I like the Chase Freedom Unlimited® credit card. Day to day, I spend little in common bonus categories such as gas, dining and travel. My spending is spread across many categories — health and auto insurance, gym membership, random Amazon purchases, etc. — and my Chase card lets me earn solid points, no matter what I buy.
Pound for pound, the Citi® Double Cash Card can offer better rewards. But I’ve banked with Chase for a long time, so it was natural to get a credit card from the same provider. I like that I can easily redeem my Ultimate Reward points as statement credit or as a deposit to my checking account.
What is the Chase Freedom Unlimited® interest rate?
After your intro APR expires, your normal purchase and balance transfer APR will be 17.24% to 25.99% variable . You’re more likely to qualify for a lower APR if you have a higher credit score.
What to watch out forChase Freedom Unlimited® is a decent $0 fee card with just a few elements you’ll want to be cautious of.
Foreign transaction fees.
You pay a fee of 3% of the transaction value 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 $5 or 3% of the transaction, whichever is greater . This means that a transfer of $1,000 will cost you $50 in fees.
Case study: Ezra’s experience
When I was 20, I figured I should start building up credit in order to be able to buy a car or a home in the future. A representative at my local Chase bank convinced me to sign up for their Freedom Unlimited card.
It’s a nice fit for college students looking to establish credit. When I signed up, I was encouraged to use the card for small purchases. Not only did this allow me to gradually build a solid credit score, but it taught me to sensibly manage my expenses. With the Chase mobile app, I can keep track of my spending on the credit card, read my monthly statements, pay my bill and check my credit score for free.
The only drawback is that it can take a while before you can extend your credit limit beyond the typical starting limit of $500 for those getting their first credit card. Otherwise, it’s a good way to build credit and develop smart spending habits.
Compare similar cashback credit cards
What you should know before applying
- 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 670 or higher will increase the chances of your application being approved.
What do customers say about the Chase Freedom Unlimited®?
Many cardholders praise the Chase Freedom Unlimited®‘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®?
- Go to Chase’s website and click Apply now.
- Enter your personal contact information and click Next.
- Enter your financial information — including your monthly salary and rental or mortgage payment — and click Next.
- Enter additional details — including your Social Security number and mother’s maiden name — and click Next.
- 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.
- 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 $38.
- 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. Looking for the Chase Freedom Unlimited® phone number? Don’t hesitate to contact Chase if you need any account-related information. Customer service can be reached at 800-432-3117. You can also connect with Chase on Twitter @ChaseSupport.
How do I redeem rewards from the Chase Freedom Unlimited®?
Log in to your Chase account to redeem rewards. Your redemption options include:
- Gift cards
- Products and services from third-party merchants
Between the $0 annual fee and the intro APR offer on purchases and balance transfers, you can get noticeable savings with the Chase Freedom Unlimited®.
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.
Compare Chase Freedom Unlimited® vs. Chase Freedom®
Common questions about the Chase Freedom Unlimited®
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