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

Chase Freedom Unlimited® credit card review – October 2018

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

finder.com’s rating: 4.2 / 5.0

★★★★★

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.
Product NameChase Freedom Unlimited® credit card
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases16.74% to 25.49% variable
Introductory Purchase APR0% for the first 15 months (then 16.74% to 25.49% variable)
Introductory Balance Transfer APR 0% for the first 15 months (then 16.74% to 25.49% variable)
Balance Transfer Fee$5 or 5% of the transaction, whichever is greater
Cash Advance Rate26.74% variable
Foreign Transaction Fee3% of the transaction value
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 21 days
Late Payment FeeUp to $38
Returned Payment FeeUp to $38
Additional Cardholder Fee$0
Rates & FeesRates & Fees
Minimum Age18 years of age
Welcome OfferEarn 150 cash back after spending $500 in the first 3 months
Reward Value per Dollar1.5% cash back
Rewards Points ExpiryNever

The basics

The Chase Freedom Unlimited® credit card 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® 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 16.74% to 25.49% 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.
  • 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 16.74% to 25.49% 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® credit card?

The Chase Freedom Unlimited® credit card is a simple card for rewards. Here’s how much cash back you might earn based on these hypothetical budgets:

  • $500/month x 1.5% cash back = $90 cash back a year
  • $1,000/month x 1.5% cash back = $180 cash back a year
  • $1,500/month x 1.5% cash back = $270 cash back a year

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 is the Chase Freedom Unlimited® interest rate?

After your intro APR expires, your normal purchase and balance transfer APR will be 16.74% to 25.49% variable . You’re more likely to qualify for a better APR if you have a good credit score.

What to watch out for

Chase Freedom Unlimited® credit card 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 5% of the transaction, whichever is greater . This means that a transfer of $1,000 will cost you $50 in fees.

Consider other cards if …

Compare cashback credit cards

Name Product Credit Score Min. Annual Fee Intro Balance Transfer APR Reward Value per Dollar Secured or Unsecured Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
680
0%
1.5
Unsecured
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. You will receive the cash back in the form of a statement credit. Rates & Fees
680
0%
1
Unsecured
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
95
0%
1
Unsecured
$95
14.99% to 25.99% variable
0% for the first 12 months (then 14.99% to 25.99% variable)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
99
1
Unsecured
$0 to $99
19.74% to 25.74% variable
Get 1% cash back rewards on eligible purchase, terms apply.
720
0%
1
Unsecured
$0
15.24% to 25.24% variable
0% for the first 18 months (then 15.24% to 25.24% variable)
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
720
0%
1
Unsecured
$0
15.24% to 25.24% variable
0% for the first 12 statement closing dates (then 15.24% to 25.24% variable)
Earn more cash back for the things you buy most.
680
1
Unsecured
$0
16.99%, 22.74% or 25.74% variable
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.

Compare up to 4 providers

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.

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 $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 1-800-432-3117. You can also connect with Chase on Twitter @ChaseSupport.

How do I redeem rewards from the Chase Freedom Unlimited® credit card?

Log in to your Chase account to redeem rewards. Here are your redemption options:

  • Cash.
  • Gift cards.
  • Travel.
  • Products and services from third-party merchants.

Bottom line

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® credit card.

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

Cashback card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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We rank card types — travel, cash back, business — on a set of factors that are most relevant to that type of card. We create these rankings to help you narrow down a credit card that best suits your spending and budget.

Learn the details of our methodology and scoring.

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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