You have carefully planned your points strategy and have most of your big spending categories covered. You’re earning 2x or more points in these categories.
Your only problem is that you’re still only earning 1x points for all other purchases. Is there a way to beat this rate while still earning travel reward points?
Fortunately, with the new release of this Chase card, you can solve this problem.
- Welcome Bonus & Info (Partner Content)
- Card Categories:
- Rewards Center
- Customer Service Number1-800-935-9935
- Login Link
- Card Focus:
- All Purchases
- Typical UsersHobby Travelers, Parents / Families, The Average Spender
The Ideal Cardholder
Sign-Up Bonus and Earning Categories
This credit card is a relatively new product from Chase. See the card summary table for details on any current offer.
In addition, Chase typically offers an intro APR on purchases and balance transfers (see details above).
Earn unlimited 1.5% cash back on every purchase, evenly across all categories, making it easy to start accumulating no matter your purchase. Like its predecessor, this card has no annual fee.
Using the Cash Back Earned
All your cash back is deposited onto your card account, and it can be used for statement credit or with other partners from Chase Ultimate Rewards.
While your cash-back will be worth $0.01 per reward point, you can improve that rate if you also have the Chase Sapphire Preferred® Card or the Chase Ink Business Preferred℠ Credit Card credit cards.
Using these other Chase cards, you can transfer your points into your Ultimate Rewards account to either purchase travel at 20% off in the portal, or transfer again at 1:1 to one of the travel partners.
Other Card Benefits
No limits exist for how much cash-back the card can earn, unlike the $1,500 limits on the Chase Freedom categories.
This card also includes other valuable perks like purchase protection and auto rental insurance.
Things to Note About the Chase Cash-back Rewards Card
One thing you should be aware of is that Chase has unofficially updated their policies to make it unlikely you will be approved for a new credit card if you have applied for more than five in the last two years, regardless of the credit card issuer.
Those five cards include not only Chase cards, but all credit cards in general. However, it’s unclear whether this rule only applies to their Ultimate Rewards cards (rather than other co-branded cards).
Unfortunately, the Chase Freedom Unlimited® is an Ultimate Rewards card, so you may be denied approval depending on your situation.
One way around this would be to call Chase customer service and ask them to update your current Chase Freedom® Credit Card into a Chase Freedom Unlimited®. The downside here would be losing the 5% quarterly cash-back categories.
Biggest Competitors to the Card
Chase released the card soon after some other big cash back cards likely took some market share from their standard Chase Freedom®.
Other travel rewards cards also give a flat earning rate across all categories, but their rewards are used for travel instead of standard cash-back.
These include the Barclaycard Arrival Plus™ World Elite MasterCard® and the Discover it Miles Card.
In straight cash-back, the Chase Freedom Unlimited® Card earns the same as the Capital One Quicksilver Cash Rewards Credit Card and the Discover it Miles Card (1.5%).
The Citi® Double Cash Card and Barclaycard Arrival Plus™ World Elite MasterCard® actually earn a higher 2%.
A few other cash-back cards out there also have specific earnings categories: the Chase Amazon.com Rewards Visa Card, Chase Ink Business Cash℠ Credit Card, and the Blue Cash Preferred® Card from American Express.
For those who spend larger amounts in the specific categories where these cards provide bonuses, any of the above cards could prove valuable.
The Advantage of the Chase Cards Over Other Competitors
The advantage of this card over competitors’ cards is that the cash-back can be converted into travel rewards in Chase Ultimate Rewards.
To do this, however, you must also have a Chase Sapphire Preferred® Card or Chase Ink Business Preferred℠ Credit Card. Combining all these cards gives you have a formidable points-earning posse!
For instance, you can use the Chase Sapphire Preferred® Card for all travel and dining purchases, the Chase Ink Business Preferred℠ Credit Card or Chase Ink Business Cash℠ Credit Card for business expenses and related categories, and the Freedom Unlimited® for all other categories.
This gives you a slight edge because you’ll earn 1.5x points rather than the 1x points you would earn with any other card, including the Chase Freedom®.
If you also add this card to your strategy, you’ll gain 5% cash-back in the quarterly categories.
The card works very similarly to the normal Chase Freedom®. This means you can also use the Ultimate Rewards portal to earn additional points with shopping partners.
Combined with its better-than-average earning rate, this makes a very attractive card for those who just want a cash back card or already utilize Chase travel rewards.
It appears that this credit card will be a solid card to work into your travel rewards strategy!
Great Card If
- You need a gap filler for your Chase Ultimate Rewards points strategy
- You want a cash back card with a great online shop for earning more cash-back
Don't Get If
- You don’t use Chase Ultimate Rewards points or don’t have a Chase travel card
- You just want cash back, as there are other higher earning straight cash back cards
- Annual Fee
- No annual fee
- Foreign Transaction Fees3% of each transaction in U.S. dollars.
- Interest Rates
- 0% Intro APR on Purchases for 15 months
- Ongoing APR: 17.24 - 25.99% Variable
- Balance Transfers
- 0% Intro APR on Balance Transfers for 15 months
- Ongoing APR: 17.24 - 25.99% Variable
- Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
- Cash Advance APR
- 27.24% Variable
U.P. Pro Tips
Combine the card with other Chase rewards cards in order to utilize the cash-back in Ultimate Rewards for travel.
This card is best used for all categories not covered by the other cards. Use it any time you would only get 1x points using the other cards, since you’ll earn 1.5x with the Chase Freedom Unlimited®.
Best Way to Maximize Points
Earning points with this card is part of the same strategy as earning Ultimate Rewards points with any Chase card. You’ll want make sure to use this card when the others wouldn’t earn more points.
Of course, if you are using this card on its own, you will simply use it for all transactions in order to earn the most points. Below are some ideas of how to use it when combined with other Chase cards:
- Department stores during times other than the 5% rotating category of the Chase Freedom®
- Doctor’s visits
- Sports tickets
Bonus Tip: Here’s a great guide to earning 100,000 Chase points, think you’ve got what it takes?
Best Way to Redeem Points
You can redeem all of the cash back you earn with this card as a statement credit if you wish, which is valued at 100 points per $1.
Using your reward points as cash back in the Chase rewards portal offers the same or lesser value, and can be used for a variety of merchandise.
However, the most valuable way to redeem these points would be to get a Chase travel rewards card, and then either use the points in the travel portal for 20% off or re-transfer to a travel partner at a 1:1 ratio.
Many options exist for redeeming your Chase Ultimate Rewards points, so using this last strategy will give you lots of ways to earn greater value for your points!
Chase has a variety of shopping partners through which you can earn bonus cash-back online. Some of them include:
- Bed Bath & Beyond
In the portal, you’ll find more partners that cover a bunch of different shopping categories.
The Gritty Details: Everything Else You Need to Know
You should also note that the Chase Freedom Unlimited® has basically the same fringe benefit structure as the Chase Freedom®.
However, remember the new 5/24 rule: Chase likely won’t approve you for more than 5 Ultimate Rewards cards in a 24 month period, regardless of credit card issuer.
Other Unique Features
Purchase protection – Get $500 in theft or damages per item for up to 120 days after purchase, up to $50,000 per account. Keep all your receipts and purchase information in order to submit a claim.
Auto rental collision damage waiver – Get secondary car rental insurance when renting a car in the U.S., and primary insurance when abroad. This covers the value of the car, but you must decline the agency’s waiver.
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What is the Chase Freedom Unlimited®?
The card is a cash back card offered by Chase that earns unlimited 1.5% cash back on every purchase. You can use the cash back for statement credit or in Chase Ultimate Rewards.
This card comes at no annual fee.
Is there a sign-up bonus for the Card?
See the card summary table for details on any current offer.
Is there a limit to the cash back I can earn with the Chase Freedom Unlimited®?
In the first year, you’d earn 3% cash back on all purchases in your first year up to $20,000 spent. After that, 1.5% cash back on all purchases, which is unlimited.
How do I log in to the Chase Freedom Unlimited®?
Log in to your card through the Chase account login portal.
What are the benefits of this card?
The card comes with unlimited 1.5% cash-back. This can be used directly for cash-back or with the variety of awards offered in Ultimate Rewards.
If you have a Chase travel rewards card, you can transfer your cash-back to one of these cards to be used for the 20% off travel portal or to transfer to travel partners.
Additionally, the card offers purchase protection and car rental insurance.
Currently, the card offers a 0% intro APR for 15 months from account opening on purchases and balance transfers. After that, an ongoing APR of 17.24 – 25.99% Variable applies.
Does the card have a foreign transaction fee?
Yes, the foreign transaction fee is 3% of each transaction in U.S. dollars.
Does the Chase Freedom Unlimited® have an annual fee?
No, the card has no annual fee ($0).
Does the card's cash back expire?
As long as your account stays open and in good standing, your cash back will not expire.
Chase Freedom Unlimited®
Here are the top 5 reasons to have this card in your wallet, where you can earn 3% cash back on all purchases in your first year up to $20,000 spent.
Plus – you can convert your cash back to points if you also have the Chase Sapphire Preferred® Card!