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Chase Freedom Unlimited®

  • $0 Annual Fee

    Fee for maintaining card

  • $150 Welcome Offer Value

    As of 10/2017

  • 1.5% Cash Back

    Rewards rate

Apply Now

on Chase's website

If you’ve ever considered signing up for a credit card with a rewards program, you’re probably familiar with the Chase Freedom Unlimited® Card. It’s one of the most popular cash back credit cards out there, offering unlimited 1.5% cash back on all purchases.

Highlights

  • 1.5% unlimited cash back on all purchases
  • Cash back rewards do not expire so long as the account is open
  • No annual fee
  • 0% introductory APR on purchases and balance transfers for 15 months after opening your account
  • Earn a $150 signing bonus after you spend $500 on purchases in your first 3 months from account opening, and an additional $25 bonus after you add your first authorized user and make your first purchase within the same 3-month period

At a glance

Chase Freedom Unlimited®

Apply Now

on Chase's website

  • 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
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

$0

$150

1.5% Cash Back

Annual Fee

Welcome
Offer Value

Rewards Rate

Chase Freedom Unlimited® deep dive

For anyone who wants to maximize the amount of cash back that their card will earn them, the Chase Freedom Unlimited® Card is hard to beat.

Get it: If you are looking for a simple cash back card that earns you 1.5% cash back regardless of the type of purchase

The Chase Freedom Unlimited® Card offers a flat rate of 1.5% cash back on all purchases, regardless of purchase category. This simplicity means that you don’t need to remember to activate the rewards program each quarter, as is required with some other cards.

The lack of bonus categories makes this an ideal card for individuals who operate on a strict budget from month to month: with a flat cash back rate regardless of purchase category, the Chase Freedom Unlimited® offers more predictability in terms of the rewards you can expect.

Some of the benefits of the Chase Freedom® Unlimited include: 

  • A moderate bonus: Earn a $150 signing bonus after you spend $500 on purchases in your first 3 months from account opening and an additional $25 bonus after you add your first authorized user and make your first purchase within the same 3-month period
  • No annual fee
  • 1.5% unlimited cash back on all purchases
  • Cash back never expires so long as your account stays active
  • 0% introductory APR: on purchases and balance transfers for 15 months after opening your account
  • No Liability for unauthorized transactions: You’re not held accountable for unauthorized purchases made with your card
  • Purchase Protection: Purchases are protected against theft or damage for 120 days after purchase date ($500 per claim and $50,000 per account)
  • Price Protection: If you make a purchase on your card in the US and it is advertised in print or online for less within 90 days of your purchase, you can be reimbursed up to $500 per item ($2,500 per year)
  • Auto Rental Collision Damage Waiver: If you charge the entire cost of a car rental to your Chase Freedom Unlimited® Card, coverage is provided for theft and collision damage (for most cars in the US and abroad). In the US, provided coverage is secondary to your personal insurance.

Skip it: If you like the idea of added quarterly bonus categories or promotional offers

Though the Chase Freedom Unlimited® offers a relatively high flat rate of 1.5% cash back on all purchases, this is well below bonus rates such as the 5% cash back that you would earn by making purchases in the bonus categories offered by other cards such as the Chase Freedom® Card.

While the Chase Freedom Unlimited® Card has a 0% introductory APR on purchases and balance transfers for 15 months after account opening, this jumps up to a 15.99% to 24.74% variable APR once the introductory period is over, depending on your creditworthiness. Balance transfers incur a fee of $5 or 5% of the amount transferred, whichever is higher, and the card does not have an introductory period during which time the fee is waived.

The Chase Freedom Unlimited® Card also isn’t the best card to use to withdraw money, since you’ll be charged a cash advance fee of 5% of each transaction or $10, whichever is greater. You will pay an APR of 25.99% on cash advances, and when you use this card to get a cash advance, you start paying interest on that money right away.

Frequent travelers may find themselves dissatisfied with the foreign transaction fees associated with card use outside the US — foreign transactions incur a penalty of 3% of each transaction (in US dollars).

Consider these drawbacks of the Chase Freedom® Unlimited:

  • No bonus cash back categories: If you are someone who enjoys the surprise of seeing what this quarter’s bonus cash back category is, the Chase Freedom Unlimited® can be a bit predictable. And though it offers a high 1.5% cash back on all purchases, this is below the bonus rates typically offered by some other cards, which can reach upwards of 5%
  • Not a travel-friendly card: Travelers who frequently find themselves out of the United States may want to find a different card. Foreign transactions made on the Chase Freedom Unlimited® incur a 3% fee
  • Medium to high-interest rate: With a variable APR of 15.99% to 24.74% on purchases and balance transfers after the introductory 15 months, this may not be a card that you want to carry a balance on
  • Not great for withdrawing money: The Chase Freedom® isn’t a great card to use for withdrawing money since you’ll be charged a cash advance fee of $10 or 5% of the transaction, whichever is greater. It also has a 25.99% variable APR for cash advances, and when you use this card to get a cash advance, you start paying interest on that money right away.

Summary

If you are looking for a simple cash back card, and don’t want to keep track of rotating categories, the Chase Freedom Unlimited® Card may be just what you need. But if you like the excitement of a quarterly bonus rewards program, are a frequent traveler, or regularly make use of cash advances, you might want to check out some of our partner’s other cards.

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