Chase Freedom Unlimited℠ Review Credit Card 5 2017-06-06 13:14:20

Chase Freedom Unlimited℠ Review

Apply for a Chase Freedom Unlimited℠ card
Rating:
Bottom Line:
Unlimited 1.5% cash back; 0% Intro APR on Purchases and balance transfers for 15 months; $150 Bonus opportunity

Full Review:
If you're in the market for a cash back card without the uncertainty of rotating categories or quarterly signups, Chase Freedom Unlimited℠ is the perfect choice. It offers a worry-free unlimited 1.5% cash back on all purchases and a $150 Bonus after spending $500 on purchases in the first 3 months you have the card. You'll also get a $25 bonus when you add your first authorized user and make your first purchase in the first 3 months. Altogether that's a $175 potential bonus - the equivalent of getting a spectacular 35% cash back on the first $500 you spend!

Chase Freedom Unlimited℠ also provides a 15-month 0% intro APR on both purchases and balance transfers. With this 0% APR period you can make any large (or small) purchases you need and not pay a cent of interest for more than a year. You can also transfer balances from other high-APR cards onto Chase Freedom Unlimited℠ and save on interest for 15 months. Although the 0% APR on balance transfers is great, note that there is a fairly high 5% balance transfer fee, so if you're specifically looking for a balance transfer card and this is a concern use our free Balance Transfer Calculator to see what card is best for your situation.

Chase Freedom Unlimited℠ will earn you an unlimited 1.5% cash back on all purchases and a $150 Bonus after you spend $500 in the first 3 months you have the card. There is lots of flexibility in your reward redemption options - you can redeem your rewards for cash at any time, in any amount, via an account statement credit or electronic deposit into a checking or savings account. Or you can use Chase's Ultimate Rewards portal to redeem them for gift cards, travel, and products or services. You can also combine your rewards points with other Chase cards that have Ultimate Rewards like Chase Sapphire Preferred and Ink Cash Business Card. When you redeem your points for cash back, gift cards, or travel, each point is worth $0.01, i.e. 100 points equals $1 in redemption value.

We highly recommend this Chase Freedom Unlimited℠ for its straightforward 1.5% cash back, 15-month 0% intro APR on purchases and balance transfers and its point redemption flexibility.

Highlights
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Redeem for cash - any amount, anytime
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Rewards
  • $150 bonus after you spend $500 on purchases within the first 3 months.
  • $25 bonus when you add your first authorized user and make your first purchase within this same 3-month period.
  • Earn unlimited 1.5% cash back on every purchase, every day.
  • No rotating categories and no sign ups needed to earn cash rewards.
  • Your cash back rewards don't expire as long as your account is open.

Redeem Rewards
  • Redeem cash back any time for any amount, even set up automatic redemption.
  • Cash can be redeemed in the form of check, gift card or statement credit.

Fees and APR
  • Annual Fee: $0.
  • Purchase APR: 0% Intro APR on Purchases for 15 months, then 15.99% - 24.74% variable.
  • Balance Transfer APR: 0% Intro APR on Balance Transfers for 15 months, then 15.99% - 24.74% Variable .
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.


Apply for a Chase Freedom Unlimited℠ card

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Card Details

Features:Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening, Unlimited 1.5% cash back
Purchase APR:0% Intro APR on Purchases for 15 months, then 15.99% - 24.74% variable
Balance Transfer APR:0% Intro APR on Balance Transfers for 15 months, then 15.99% - 24.74% Variable
Annual Fee:$0
Credit Needed:Good

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