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- Chase Freedom Unlimited
An excellent no-annual-fee card that lets you earn unlimited cash back
- 1.5–5% Cash BackRewards Rate
- 20.49% – 29.24% VariableAPR
- $0Annual Fee
- ExcellentRecommended Credit
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The Chase Freedom Unlimited card is ideal for those with good credit who want a cash-back card that rewards all purchases. It gives a competitive cash back rate on purchases that fit into select bonus categories, such as restaurant bills, grocery shopping and travel purchases. MoneyGeek's Chase Freedom Unlimited review looks at the card's features, benefits and other attributes to help you decide if it's right for your wallet.
Chase Freedom Unlimited Overview
In addition to the above-mentioned bonuses and rewards, Chase's Freedom Unlimited credit card offers other great features.
- Earn $200 bonus after you spend $500 on purchases on the first three months. Additionally, spending a minimum of $12,000 on groceries in the first year (except at Walmart and Target) can earn you an easy $600 cash back.
- Pay $0 annual fee for the life of your card
- Pay no interest on purchases for the first 15 months, after which a creditworthiness-dependant APR of 20.49% – 29.24% applies
- Travel purchases through Chase Ultimate Rewards earn 5% cash back
- Spending at restaurants, takeout and other eligible delivery services, as well as drugstore purchases earn 3% cash back
- All other purchases earn 1.5% cash back
- You get to earn unlimited cash back rewards, and they don't expire as long as your account remains active
- Different ways to redeem your cash back includes using it as a statement credit, withdrawing it through a direct deposit, using it to get gift cards, or using it to pay for travel
- Zero liability protection, 24/7 fraud protection, purchase protection and extended warranty protection are in place to provide extra peace of mind
- Feel better when travelling by knowing that you have access to travel and emergency assistance services, trip cancellation/interruption insurance and auto rental collision damage waiver
Important Card Details
Besides knowing your credit card user rights, you can also determine whether this card is good for you if you know the cash back rates, fees and interest rates of Chase Freedom Unlimited Credit Card.
The following table presents the Chase Freedom Unlimited Credit Card's fees, interest rates, rewards rates and other statistics.
This card is not subject to an annual fee.
The Chase Freedom Unlimited Credit Card has a high purchase and balance APR that varies depending on your creditworthiness, ranging from 20.49% – 29.24%. Cash advances have a higher interest rate of 29.99 percent. These APRs change depending on the market’s prime rate.
For the first 15 months, the APR is waived for new cardholders who pay the minimum amount due on time, then a variable APR of 20.49% – 29.24% thereafter. If you don't make minimum payments, your credit may be subjected to a default APR of up to 29.99%.
Each purchase you make with this card earns you a minimum of 1.5% cash back and a maximum of 5%.
Balance Transfer and Cash Advance Fee
Those who make balance transfers after the 16th month will be charged an additional transaction fee of $5 or 3% of the value of each transfer, whichever is higher, for the first 60 days, and $5 or 5% thereafter. You should expect a fee of $10 or 5% of the transaction amount, whichever is bigger, if you take cash advances or withdraw cash from your credit account.
Foreign Transaction Fee
A 3% surcharge will be applied to all foreign transactions made with the card.
You may also want to know more about the following features of the Chase Freedom Unlimited credit card. Here are some other perks that are worth noting.
- 24/7 Access to Account Details: The company provides 24/7 access to credit card data, quarterly reports of your Freedom Unlimited card, statements for up to 24 months and more.
- Account Alerts: You may sign up to get timely alerts in the form of SMS, email or push notifications on payment due dates or questionable transactions.
- Auto Rental Insurance: When you charge the cost of an car rental to your credit card, you’re able to refuse the car rental company's insurance. Theft and collision damages on the car's real worth are covered.
- Chase Mobile App: The app is available for both iPhone and Android users. You can use it to pay bills, lock or unlock your card, examine up to seven years' worth of transactions, set up notifications and more.
- Contactless Pay Technology: This lets you check out by just tapping your card on a credit card terminal.
- Extended Warranty Protection: This is applicable while buying products and services with a warranty of three years or lesser from U.S. manufacturers and makes them eligible for one more year of extended warranty.
- Fraud Protection: Your card will be monitored for signs of fraudulent transactions. If suspicious activity is spotted, you’ll be notified via a text, email or phone call.
- Partner Benefits: You can expect various partner benefits while using this card. For example, you get a free three-month subscription to Caviar and DashPass, DoorDash's subscription service for free delivery on qualifying orders above $12 on DoorDash, if you activate the offer before the end of the year. Following that, you will be officially registered in DashPass to receive a 50% discount for the next nine months.
- Purchase Protection: Protects your new purchases against theft or damage for 120 days, up to $500 per claim and $50,000 per account.
- Travel and Emergency Assistance Services: Run into a problem while traveling abroad? You can call Chase's Benefit Administrator to get free legal and medical referrals. The fees for the services will be charged to your credit card.
- Trip Cancellation/Interruption Insurance: If your trip is canceled or cut short due to sickness, severe weather or other covered reasons, you can be compensated up to $1,500 per person and $6,000 per trip for your prepaid, nonrefundable passenger tickets.
- Zero Liability Protection: You will not be held responsible for illegal transactions made using your card or account information.
How the Chase Freedom Unlimited Compares To Other Cards
Because of its high cash back rewards in multiple categories and lack of an annual fee, the Chase Freedom Unlimited credit card performed well in comparison to most other cash back cards. Before you compare the card to its competitors, make sure to evaluate what you are looking for in a card.
In-Depth Credit Card Comparisons:
How the Chase Freedom Unlimited Compares
Chase Freedom Unlimited
- Annual Fee: None
- Regular APR: 20.49% – 29.24%variable
- Rewards Rate: 1.5%-5%
- Foreign Transaction Fee: 3%
- Best For: Minimalist deal-seeking shoppers looking for a no annual fee card
American Express Cash Magnet Card
- Annual Fee: None
- Regular APR: 18.99% – 29.99% variable
- Rewards Rate: 1.5%
- Foreign Transaction Fee: 2.7%
- Best For: Those looking for simple cash back rewards without annual fee.
Frequently Asked Questions
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