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Chase Freedom Unlimited®

Chase Freedom Unlimited has just added a new 3% cash back offer! Here’s how it works: you’ll earn 3% cash back on all purchases in your first year (up to $20,000 spent) — that’s up to $600 cash back! That’s in addition to the card’s other great features, like that it earns 1.5% cash back on all purchases after the intro cash back offer, charges no annual fee, offers a 15-month 0% intro APR on purchases and on balance transfers (with a 3% balance transfer fee, $5 minimum) and several other nice perks. Read on for more detail on what this card has to offer.

Intro cash back offer, in depth

Unlike many welcoming offers, which are usually a set rewards after you spend a specific amount, Chase Freedom Unlimited has done away with the predetermined spending requirement by making its intro offer an increased cash back rate.

You’ll earn the card’s standard 1.5% cash back on all purchases, plus an additional 1.5% cash back on all purchases for your first 12 months as a cardholder or until you reach $20,000 spent, whichever comes first. As mentioned earlier, that means that you could earn as much as $600 with the 3% cash back rate if you reach the maximum spent. Compared to the card’s previous rewards and bonus — $150 on the first $500 you spend in the first 3 months, plus 1.5% cash back on all purchases — the new offer could earn you $150 extra (assuming you spend the same $20,000 on purchases in the first year).

Another aspect we like about this reward is how quickly you’ll benefit from it. The 3% cash back will appear on each account statement, so there’s no need to wait until the end of the year (or until you reach a spending requirement) to enjoy the extra cash back.

Ongoing rewards

After the 3% cash back offer, you’ll earn an unlimited 1.5% cash back on all purchases. There’s no need to sign up for specific categories each quarter or use your card on specific merchant categories — just spend with your card on any purchases and automatically earn cash back!

Your rewards are easy to redeem for cash back, with no minimum, or you can choose to redeem in a variety of other ways. For example, you can link your Chase Freedom Unlimited card to your Amazon account and use your cash back to pay for all or part of your Amazon purchases at checkout. Alternatively, redeem your rewards as gift cards. as statement credit or as a direct deposit into most U.S. checking and savings accounts. You can even book travel using Chase Ultimate Rewards.

Plus, Chase Freedom Unlimited charges no annual fee, so you don’t need to factor that cost when determining how much net cash you’ll earn with the card.

Other benefits

In addition to cash back rewards, Chase Freedom Unlimited also offers a 15-month 0% intro APR on purchases and on balance transfers (with as 3% balance transfer fee, $5 minimum). That 0% intro APR on purchases means that you won’t have to pay any interest on new purchases with the card for over a year! And, if you are carrying a balance with a high-APR credit card, transferring your balance to this card can save you a great deal of money, as the balance transfer fee is likely much lower than the interest you are currently paying.


If you’re looking for a cash back credit card but Chase Freedom Unlimited doesn’t appeal to you, there are several other strong alternatives. Perhaps you don’t expect your first-year spending to be high enough for Chase Freedom Unlimited’s 3% cash back offer to earn you an impressive bonus. In that case, for a similar flat cash back offer with a $150 bonus for spending $500 in the first 3 months, consider the Capital One Quicksilver Cash Rewards Credit Card. It offers 1.5% cash back on all purchases, a 15-month 0% intro APR on purchases and balance transfers (with a 3% balance transfer fee) and charges no annual fee.

Or, for even more straightforward cash back, consider the Citi Double Cash Card (a NextAdvisor advertiser). This card also charges no annual fee and earns an uncapped 2% cash back on all purchases — 1% when you buy and 1% when you pay off your balance. The card doesn’t offer an intro bonus or a 0% intro purchase APR, but it does include an 18-month 0% APR on balance transfers (with a 3% balance transfer fee, $5 minimum).

Is Chase Freedom Unlimited right for you?

For a long time, we’ve strongly recommended Chase Freedom Unlimited. The combination of a nice cash back rate on all purchases, 0% intro APRs and no annual fee make it an outstanding choice for many people. With its new 3% cash back offer on up to $20,000 spent in the first year, Chase Freedom Unlimited has upped its earning potential. However, prospective cardholders may want to check their budgets and do the math to determine whether they are likely to spend enough for earning 3% cash back to beat a traditional bonus. Those who aren’t likely to reach the $20,000 maximum in their first year may want to consider one of the alternative credit cards listed above.

For more choices, visit our cash back credit card reviews.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.