Chase Freedom Unlimited Review

If you're looking for a card that will allow you to earn cash-back rewards on every purchase, no matter how small or large, then Chase Freedom Unlimited could be just the thing for you! With its flat 1.5% cash-back rate and no annual fee, this card makes it easy to leverage your everyday purchases into real savings. Read our full review of the Chase Freedom Unlimited card and discover whether it's right for your financial goals.

Chase Freedom Unlimited Overview

The Chase Freedom Unlimited card is a great choice for those who want a reliable cash-back rewards program. It offers a flat 1.5% cash-back rate on all purchases, and there's no annual fee to worry about either.

The card also has some nice additional perks, like 0% intro APR on new purchases and balance transfers for the first 15 months of membership. Plus, you can use the Chase Ultimate Rewards program to redeem your points for gift cards, travel discounts, and even statement credits.

Rewards Program

The Chase Freedom Unlimited rewards program offers a flat 1.5% cash-back rate on all purchases – regardless of where they’re made or how much money was spent. That makes it easy to turn your everyday spending into immediate savings. You can also redeem your points for gift cards, travel discounts, statement credits, and more via the Chase Ultimate Rewards program.

Pros and Cons of Chase Freedom Unlimited

Pros

Flat 1.5% cash-back rate on all purchases

One of the top benefits of the Chase Freedom Unlimited card is its flat 1.5% cash-back rate on all purchases, no matter how much you spend or where you shop. This makes it easy to leverage everyday spending into real savings over time.

The rewards rate even applies to balance transfers and special promotional offers – so there's no limit to how much cash back you can earn. Plus, the points earned never expire, giving you plenty of time to redeem them for freebies like gift cards, travel discounts, and statement credits.

No annual fee

What we like about the Chase Freedom Unlimited card is that there is no annual fee. This makes it easy to keep using the card without worrying about additional fees eating away at your rewards. Plus, with a 0% intro APR on new purchases and balance transfers for the first 15 months of membership, this card can fund larger purchases without incurring interest charges.

No foreign transaction fees

Because there are no foreign transaction fees with the Chase Freedom Unlimited card, it is a great option for anyone who frequently travel abroad. As a result, you can use the card overseas without being concerned about incurring additional fees on top of your transactions. Additionally, you may use the Ultimate Rewards program to exchange your points for savings on hotels and flights to well-known locations, maximizing the return on your expenditures.

Points never expire, giving you plenty of time to redeem them for freebies or statement credits

Another big plus of the Chase Freedom Unlimited card is that your points never expire. This gives you plenty of time to redeem them for freebies like gift cards, travel discounts, and statement credits – making it easy to get the most out of your rewards. Plus, with no annual fee, you can keep using the card without worrying about additional costs eating away at your points.

Cons

Limited redemption options

One downside to the Chase Freedom Unlimited card is that its points can only be redeemed for gift cards, travel discounts, and statement credits. This limits your redemption options compared to other rewards programs where you can redeem points for cash back or merchandise.

Not eligible for the sign-up bonus

Unfortunately, the Chase Freedom Unlimited card does not offer any sign-up bonuses, so there might be better choices if you're looking for that. Other reward cards can provide additional rewards by signing up and meeting certain spending requirements.

No introductory APR on purchases

The 0% introductory APR offered with the Chase Freedom Unlimited card only applies to balance transfers, not new purchases. If you need to finance a large purchase upfront, there might be better options than this card.

No bonus categories

Another downside of the Chase Freedom Unlimited card is that it does not offer any bonus categories or special promotional offers. Many other reward cards provide additional rewards when shopping at certain stores or for specific types of purchases, which is not offered with this card.

Not great for high-spenders

The Chase Freedom Unlimited card also could be better for those who spend more than average on their monthly credit cards. Its 1.5% cash-back rate won't be as lucrative as some other rewards programs where higher spending can lead to bigger rewards.

A deeper look into the current card offer

The Chase Freedom Unlimited card is great for those who prefer a simple cash-back rewards program. Its flat 1.5% cash-back rate on all purchases and no annual fee make it easy to leverage everyday spending into real savings over time.

Plus, with its 0% intro APR on new purchases and balance transfers for the first 15 months of membership, this card can finance larger purchases without incurring interest charges. The points earned never expire, giving you plenty of time to redeem them for freebies like gift cards, travel discounts, and statement credits.

However, the Chase Freedom Unlimited card does have some drawbacks that should be considered before making a decision. Its points can only be redeemed for gift cards, travel discounts, and statement credits, limiting your redemption options compared to other rewards programs.

How much are the rewards worth?

The Chase Freedom Unlimited card rewards are worth at least 1.5% of the total amount spent on every purchase. If you spend $100, you’ll earn a minimum of $1.50 in cash-back rewards.

In addition to this, you can also redeem your points for gift cards, travel discounts, and statement credits via the Chase Ultimate Rewards program. These redemption values will vary depending on your reward option and how many points you can redeem.

For instance, redeeming your points for a $25 gift card would equate to roughly 2,000 points (2 cents per point). It could be even more valuable if redeemed for a statement credit or travel discount instead.

The Chase Freedom Unlimited card rewards are worth at least 1.5% of your purchase but can be much higher depending on how you redeem them. With no annual and foreign transaction fees, it’s easy to keep using this card without worrying about additional costs eating away at your rewards.

FAQS

Is Chase Freedom Unlimited hard to get approved?

No, the Chase Freedom Unlimited card is generally easy to approve. You should have a good credit score and a reliable source of income to be approved.

How much income do I need for Chase Freedom Unlimited?

The amount of income you need to be approved for the Chase Freedom Unlimited card will vary depending on your credit score and other factors. Generally, you’ll need to make at least $12,000 per year or have a source of regular income.

Do credit card companies check your income?

Credit card companies usually check your income when deciding on your application. This is done to ensure you can pay off any debt should you incur it with the card.

Conclusion

In conclusion, the Chase FrMETeedom Unlimited is a great choice for people looking for a rewards card with generous cashback bonuses and no annual fee. It’s also perfect for users who want to earn rewards quickly and easily with everyday purchases. The card provides significant savings when used at restaurants, stores, gas stations, and other qualifying purchases. With its generous signup bonus, free annual foreign transaction fees, and simple redemption process, there are plenty of reasons to get the Chase Freedom Unlimited card.