Advertiser Disclosure

Chase Freedom Unlimited

Updated: February 03, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

General information about the credit card

Chase Bank is one of the largest credit card issuers in the United States. The Chase Freedom Unlimited card is provided free of charge, and no service fee is charged. Clients can participate in the Chase Ultimate Rewards program, which allows you to receive a number of bonuses. In particular, clients receive a 5% cash back on all travel-related purchases. Also, the Chase Ultimate Rewards card provides a 3% cash back on payments at restaurants and pharmacies. For all other purchases, the cash back amount is 1.5%.

If a client has other Chase credit cards, the Ultimate Rewards card can be synchronized with them through the app. In this case, bonus points will be received from all cards and accumulated on one account.

Chase Ultimate Rewards points are exchanged at the rate of 1 cent per point. They can be used through the trips service offered by the Ultimate Rewards. If a client has a Chase Premium card, then the points from the Chase Freedom Unlimited card can be transferred to the premium account, and in this case the points will receive a higher value.

Using the Chase travel portal, points can be spent on travel. In this case, the value of points increases by 50%. Thus, your cash back also increases.

Main features

Before choosing a particular credit card, it is important to familiarize yourself with its features and terms of use. Chase Freedom Unlimited offers attractive conditions for holders. Traders Union analysts have prepared a table featuring information about the main terms and conditions.

Indicator	Chase Freedom Unlimited®
Service fee	$0
Regular APR	17.24-25.99%
Interest rate for new clients	0% on purchases and money transfers for 15 months
Recommended credit score	690-850 (Excellent)

Pros and cons

Like every credit card, Chase Freedom Unlimited has its advantages and disadvantages. You can check them out in the summary table below. This will help you make a decision about whether this credit card is suitable for you or not.

👍 Advantages

•No annual maintenance fee.

•No minimum repayment amount.

•High rate of cash back and bonus points for trips.

•The possibility to exchange bonus points without losing value.

•The possibility to increase the points value.

•There is a grace period at the annual percentage rate.

👎 Disadvantages

•You need an excellent credit rating to open a card.

•You can get a higher benefit from points only through the Chase travel portal, which limits the ability to search for more favorable travel offers.

•Basic cash back rate for purchases that do not include travel.

Bonuses and special features

Before opening a credit card, you need to familiarize yourself with the special offers that are valid. The Chase Freedom Unlimited credit card allows clients to receive several important bonuses, including:

New Cardmember Offer

All new clients receive a $200 bonus after spending $500 on purchases in the first 3 months of using the card. Also, new clients can earn a 5% cash back on purchases at gas stations on up to $6,000 spent in the first year. To receive cash back, you need to use the credit card to pay for purchases offline and online.

Travel bonus via Chase Ultimate Rewards

Cardholders can increase the amount of travel cash back from 5% to 7.5%. To do this, you need to make purchases through the Chase Ultimate Rewards service, the Chase Bank's own platform. In the same way, you can increase cash back for purchases of medicines and food at restaurants. Using Ultimate Rewards, you can get up to 4.5% cash back at pharmacies and restaurants.

Cash back does not expire

All money and points accumulated under any Chase Freedom Unlimited credit card programs don't expire. It doesn't matter how long they are stored in your account. Cash back points and money can be stored on the client's account without limitations. Accordingly, clients can spend them at any time.

Fees and credit score

Another important factor in choosing a credit card is fees. In general, the Chase Freedom Unlimited fees policy can be considered attractive. It provides a grace period for new clients. For new clients, the interest rate is 0% for 15 months and applies to purchases and money transfers. Other conditions are as follows:

Purchase Annual Percentage Rate (APR) is floating – From 17.24 to 25.99%, depending on your credit score.

Cash Advance APR is fixed – 27.24%.

Penalty interest rate is floating – Up to 29.99%.

How to Avoid Paying Interest on Purchases – Your due date will be a minimum of 21 days after the close of each billing cycle.

Minimum Interest Charge – None.

Transaction Fees – Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.

It is also important to know about the credit score that is required to obtain this card. Only clients with an excellent credit score can get it. The minimum rating is 690 points.

Comparison with competitors

Before making a choice, it is important to compare the conditions between several credit cards. Traders Union analysts have prepared a comparison table, where you can compare conditions of Chase Freedom Unlimited and the competing credit cards.

Indicator	Chase Freedom Unlimited	Capital One Venture X Rewards Credit Card	Citi Double Cash Card	Discover it Cash Back	Bank of AmericaTravel Rewards credit card
Service fee	$0	$395	$0	$0	$0
Regular APR	17.24-25.99%	18.49%-25.49%	16.24%-26.24%	14.24%-25.24%	16.24%-26.24%
Interest rate for new clients	0% on purchases and money transfers for 15 months	Equal to regular	0% on money transfers for 18 months	0% on purchases and money transfers for 15 months	0% on purchases for 18 payment cycles. 0% on money transfers for 2 months
Recommended credit rating	690-850 (Excellent)	720-850 (Excellent)	690-850 (Excellent)	690-850 (Excellent)	690-850 (Excellent)

Who is the credit card suitable for?

The Chase Freedom Unlimited credit card will be the optimal choice for clients who often travel for work or for tourist purposes. The card is convenient for its travel bonus programs available through the Chase Ultimate Rewards service. Therefore, if you have to travel a lot, this credit card will be a good choice.

In general, this card can also be used for routine purchases. Cash back programs, including through the Chase Ultimate Rewards, make its use quite profitable. However, for everyday use, you can also find credit cards with better conditions compared to the Chase Freedom Unlimited. Therefore, it is best to use it for travelers and people who often travel a lot on business.

Summary

The Chase Freedom Unlimited credit card has gained quite a lot of popularity. It will be a good choice for people who like to travel, or are forced to do it because of work. There are a very large number of different bonuses for clients who spend a lot of time on the road and visit many different cities in the USA and in other countries of the world.

However, it is important to understand that only clients with an excellent credit score can apply for this card. The interest rate on a credit card also depends on the status of the client, and it is floating. The base cash back rate is 1.5%, and there are more favorable offers for everyday use.

FAQs

Is it possible to synchronize the Chase Freedom Unlimited card with other Chase cards?

Yes, it can be done. Chase Freedom Unlimited allows you to sync your credit card with other Chase cards through the app.

Does Chase Freedom Unlimited have bonuses for taxi rides?

Clients who use the Lyft service can receive additional cash back. The amount of this cash back is 5%. The offer is valid until March 2025.

Does Chase Freedom Unlimited have purchase protection?

Clients who make purchases using a Chase Freedom Unlimited credit card can receive a financial guarantee. If the purchased item is damaged or stolen, clients can apply for a refund within 120 days. The refund amount can be up to $50,000.

Does Chase Freedom Unlimited have flight cancellation insurance?

Yes. If the trip is canceled or shortened for certain reasons (for example, due to sickness), clients can receive compensation. The amount of the insurance benefit can be up to $6,000.

Glossary for novice traders

1 Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
2 Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.

Payeer Review In 2025

Alamin Morshed - March 2025