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When credit cards have similar names, it can be challenging to tell the cards apart. That’s probably the case for most of our readers who are considering either Chase Freedom – $150 Bonus or Chase Freedom Unlimited. Even though these cards have very similar names, they are very different. Not sure which one is right for you? Here’s what each of these cash back credit cards have to offer.

Chase Freedom – $150 Bonus

Chase Freedom®Intro bonus: As you likely guessed from the card’s name, cardholders will earn a $150 bonus after they spend $500 on purchases in the first 3 months of account opening.

Ongoing rewards: Chase Freedom – $150 Bonus earns 5% cash back in bonus categories that rotate quarterly (up to $1,500 in combined purchases, then it’s 1% back) and an unlimited 1% cash back on all other purchases. Since the 5% categories rotate, cardholders have the ability to earn cash back on a number of different purchases. For example, from now through September, cardholders will earn 5% cash back at restaurants and movie theaters and from October through December, they’ll earn 5% back on holiday purchases — Chase hasn’t announced what these will be. Previous 5% categories include gas stations and local commuter transportation from January through March of 2017 and grocery stores and drug stores from April through June of this year. It should be noted that cardholders must activate to earn 5% cash back each quarter, but Chase will remind them when it’s time.

Redemption options: Cash back earned with Chase Freedom – $150 Bonus can be redeemed for cash through an account statement credit or an electronic deposit into your bank account, gift cards and products or services available through Chase’s redemption portal. If you have an eligible Chase credit card, like the Chase Sapphire Preferred Card or Ink Business Cash Credit Card, you can pool the cards’ rewards and redeem them for travel through the Chase Ultimate Rewards portal — note that you can also redeem for travel if you only have Chase Freedom – $150 Bonus.

0% intro APR: Chase Freedom – $150 Bonus offers a 15-month 0% intro APR on purchases and balance transfers. Note that there is a $5 or 5% balance transfer fee, whichever is greater, to consider. It should be noted that this card’s balance transfer fee is higher than most other balance transfer credit cards, so you may want to look into some other balance transfer credit cards before completing one with Chase Freedom – $150 Bonus.

Annual fee: Chase Freedom – $150 Bonus has no annual fee.

Chase Freedom Unlimited

Chase Freedom Unlimited®Intro bonus: Cardholders will earn the same $150 intro bonus after they spend $500 on purchases in the first 3 months from account opening.

Ongoing rewards: Chase Freedom Unlimited makes things easy because it earns an unlimited 1.5% cash back on all purchases. This means you don’t have to worry about rotating categories or activating your rewards — you will get the same great cash back rate on all purchases.

Redemption options: Similar to its sister card, Chase Freedom Unlimited’s rewards can be redeemed for cash through an account statement credit or an electronic deposit into your bank account, gift cards and products or services available through Chase’s redemption portal. It can also be redeemed for travel, and if you have other eligible Chase cards (noted above), you can even pool your rewards to and redeem them for travel through the Chase Ultimate Rewards portal.

0% intro APR: Another great perk offered by Chase Freedom Unlimited is a 15-month 0% intro APR on purchases and balance transfers. Even though there is a balance transfer fee of $5 or 5% of the total, whichever is greater, it may be worthwhile since you get some great rewards, which means it’s a card you likely will want to keep in your wallet after you’ve paid off the balance.

Annual fee: Chase Freedom Unlimited has no annual fee.

As you can see, both Chase Freedom cards are well-rounded credit cards. In fact, the only thing that’s different between the two is their cash back rewards. If you don’t mind rotating categories and activating the 5% cash back every quarter, Chase Freedom – $150 Bonus is for you. On the other hand, if you prefer to earn a flat 1.5% cash back rate on all purchases, Chase Freedom Unlimited is your card.

Want to see how these cards compare to other cash back credit cards? Check out the best cash back credit cards we review.

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.