Benefits Of The Chase Freedom Unlimited Card You Can Use – Forbes Advisor

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations.

The Chase Freedom Unlimited® card remains one of Chase’s best no-annual-fee card offerings for earning Chase Ultimate Rewards®. An excellent way to enter the world of Chase points, the Freedom Unlimited also offers a stack of other valuable benefits — the card offers some of the best value in a no-annual-fee card available. Check out these benefits of the Chase Freedom Unlimited card.

Chase Freedom Unlimited Welcome Offer

Those who receive a shiny new Chase Freedom Unlimited card can earn 1.5% cash back bonus on everything bought in the first year as a cardholder on up to $ 20,000 in spending – that’s worth up to $ 300 cash back in the first year. Note that Chase sometimes offers different welcome bonuses through different channels so make sure you check to see which is best for you.

Keep in mind the welcome offer is only available to people who don’t already have the Freedom Unlimited card or haven’t earned the same new cardmember bonus in the past 24 months. Chase’s 5/24 rules also typically prohibit those who’ve opened too many new personal card accounts with any issuer in the past 24 months from receiving an approval.

0% Introductory APR

Cardholders can also take advantage of a 0% introductory APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49% – 25.24% applies.

If you plan to finance a purchase or move a balance from another card using the Chase Freedom Unlimited, ensure you have a plan to pay down the balance before the end of the introductory APR period to avoid accruing interest. Those seeking a balance transfer should calculate the cost of doing so to make sure a transfer makes sense.

No Annual Fee

Many Chase cards charge hefty annual fees and though some are as low as $ 49, others range as high as $ 550. The benefits packed into these cards may make them worthwhile, but the Freedom Unlimited card charges no annual fee, making it an excellent choice for those who don’t want to worry if the rewards they’re earning or the value of the benefits they ‘ re enjoying will offset the cost of the annual fee.

Chase Freedom Unlimited Earning Rate for Cash Back

Chase Freedom Unlimited® cardholders earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% cash back on eligible dining and drugstores and 1.5% on all other purchases.

For example, if you spend $ 200 at a restaurant, you’ll earn back 3% of your total purchase or 600 Chase Ultimate Rewards points — redeemable for $ 6 in cash back.

Rewards earned with the Freedom Unlimited don’t expire and there’s no minimum to redeem for cash back. Every dollar earned can be redeemed via Chase’s Ultimate Rewards program to pay for travel or purchase eligible products or services.

Cardholders are awarded points at the end of each monthly billing cycle and are totalled minus any returns or refunds. Keep in mind only purchases of eligible products and services earn points — other transactions including balance transfers, cash advances or interest payments don’t qualify for earning cash back.

Redeeming Points With Chase Freedom Unlimited

A significant advantage to earning rewards with the Chase Freedom Unlimited® card is the access to the Chase Ultimate Rewards program the card provides. We often recommend pairing the Chase Freedom Unlimited with another Ultimate Rewards-earning card to maximize reward potential in the Chase rewards system.

Chase Travel Portal

When redeeming points for purchases with Chase Travel, the value of points to dollars uses a similar conversion: one point is worth one penny. So a $ 300 flight found in the Travel Portal would require 30,000 points.

The Chase Travel Portal offers more than just flights — cardholders can also book hotel stays, car rentals and activities including golfing or cruises. Cardholders can book travel using points through the online portal or by calling the number on the back of the card.

Cash back earnings can also be redeemed for cash, a statement credit, gift cards and products or services available in the Ultimate Rewards program. Even Amazon shoppers can redeem cash back for purchases after linking a Freedom Unlimited card to an Amazon account. Beware not all redemption methods are the same; the value of a point changes with its redemption. Redeeming points for purchases may not be as valuable as for cold, hard cash and cash may not be as valuable as a travel redemption.

Transfering Points to Another Chase Card

Cardholders with another Chase Ultimate Rewards-earning card can transfer points to and from the other card. This is an appealing option for those looking to maximize rewards, especially since some cards offer elevated redemptions.

Not only can you earn points with the Freedom Unlimited card, you can increase their worth by transferring them to a card like the Chase Sapphire Preferred® Card where a point is worth 1.25 cents in the Chase Travel Portal. This means the $ 300 flight requiring 30,000 points via the Unlimited Freedom card will now only require 24,000 points. Those with the Chase Sapphire Reserve card can achieve a value of 1.5 cents per point.

Other Valuable Benefits

In addition to its lucrative rewards, especially for a no-annual-fee card, the Chase Freedom Unlimited® Card packs in an impressive amount of benefits.

Purchase-Related Protections

The Chase Freedom Unlimited® card offers purchase protection against damage or theft on up to $ 500 per claim for the first 120 days after the purchase is made. Cardholders can also qualify for extended warranty protections to extend an eligible manufacturer’s warranty by one extra year.

Trip Protection and Collision Damage Waiver

Cardholders paying for trips on the Chase Freedom Unlimited® card can benefit from trip cancellation / interruption insurance when an eligible trip is canceled or cut short by sickness, severe weather or other qualifying situations.

If cardholders use the Freedom Unlimited card to cover the entire cost of a car rental and waive the rental company’s collision insurance, they can also qualify for secondary auto rental theft and collision damage insurance.

Card Services

Like many other major credit cards, the Chase Freedom Unlimited® card includes card services and convenience benefits including 24/7 fraud protection, fraud alerts and zero liability protection. Remember to report fraudulent charges immediately to be covered for unauthorized purchases. Fraud alerts will notify you of any unusual activity and you should respond to those promptly.

Bottom Line

The Chase Freedom Unlimited® card can be an ideal everyday card for those looking to earn cash back or an attractive welcome offer. The card also offers the opportunity to finance large purchases or make a balance transfer with a low introductory APR and includes several extra travel and purchase benefits.

Cardholders with an eligible Chase Ultimate Rewards-earning card can also earn more value for their points by transferring points earned from the Freedom Unlimited to a card with better redemption rate, like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® and Ink Business Preferred ® Credit Card.

Those seeking to maximize rewards within the Chase system should consider pairing two Chase cards to earn the most bonus reward on as much spending as possible. Remember, your credit card account must be in good standing to qualify for all benefits.

Leave a Comment

Your email address will not be published.