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Chase Freedom Unlimited®

  • $0 Annual Fee

    Fee for maintaining card

  • $150 Welcome Offer Value

    As of 09/2018

  • 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

Chase Freedom Unlimited®

Apply Now

on Chase's website

  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • 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
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • 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: 

  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • 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
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee

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

Though the Chase Freedom Unlimited® offers a relatively high cash back rate 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 16.74% to 25.49% 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.

Frequent travelers may find themselves dissatisfied with the foreign transaction fees associated with card use outside the US — foreign transactions incur a penalty of 3.0% 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 3.0% fee
  • Medium to high-interest rate: With a variable APR of 16.74% to 25.49% 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.

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.