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The Chase Freedom Unlimited® earns 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases on all purchases, charges no annual fee, and is one of our key recommendations for folks building out a portfolio of Ultimate Rewards earning cards.
- Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
- Earn unlimited 1.5% cash back on all other purchases.
- Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
- No annual fee.
- 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
- No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
- Earn 5% on travel purchased through Chase
- Earn 3% on dining at restaurants
- Earn 3% on drugstore purchases
- Earn 1.5% on all purchases
Why earn just 1.5% cashback over the long term when there's a host of cards offering 2% or more back on everyday purchases? The answer lies in the Freedom Unlimited belonging to the Ultimate Rewards family of credit cards.
Get More Value with Ultimate Rewards
The Freedom Unlimited works best as a companion card to Ultimate Rewards earning cards like the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, which receive just 1 point per dollar on everything except travel and dining purchases. Place your spending on whichever card earns more points for each purchase, and get an excellent return for every dollar you spend.
When it's time to redeem, you can get even more value from the points you earned with the Freedom Unlimited by combining them with a premium card.
- How to Combine Ultimate Rewards
- Redeeming for more than 1 cent per point with the Chase Travel Portal
- Transferring points Ultimate Rewards partners
With no annual fee, the Freedom Unlimited doesn’t include the same long list of benefits as some of its Ultimate Rewards stablemates, but you still get an excellent package of features for a card you can hold for the long term without any out-of-pocket expense. Highlights include:
- Ability to combine points with other cards in the Ultimate Rewards stable and redeem for higher value – See our post on building the ultimate travel rewards combo for more details.
- Earn 5% cash back on travel purchased through Chase, 3% on dining and drugstores, and 1.5% on all other purchases.
- No annual fee
- No minimum required to redeem cashback and your Cash Back Rewards do not expire as long as your account is in good standing
- 0% Intro APR on Purchases for 15 months. After the intro period, a variable APR of 14.99% - 23.74% will apply.
The Chase Freedom Unlimited® earns a $200 bonus after you spend $500 on purchases in your first 3 months from account opening. While this is far from the most lucrative welcome offer, this card's long-term earning potential makes it a rewards heavyweight.
Chase features some of the more limiting application restrictions of the major credit card providers. Limitations include:
- 5/24 policy – If you've been approved for five or more new credit cards in the previous 24 months from any provider, it's highly unlikely you'll be approved for the Freedom Unlimited.
- 90-day policy – You can only receive one personal and one business card from Chase every 90 days.
For more details, check out our post covering application restrictions for major credit card providers.
The Freedom Unlimited is not likely the first card you’ll apply for, especially if you’re looking to fill out Chase rewards cards under the 5/24 policy. But as a companion card to other Ultimate Rewards earning cards like the Sapphire Preferred, Sapphire Reserve, or Ink Preferred, the Freedom Unlimited provides a fantastic return on non-bonus spend, allowing you to maximize the points earned on purchases that don’t fall under bonus categories on other cards.
In addition to a $200 bonus, the card features an excellent intro APR on purchases, and you’ll never have to pay an annual fee as long as you hold the card. Keep in mind; the Freedom Unlimited is subject to Chase’s 5/24 policy, so you’re better off applying for Chase’s premium Ultimate Rewards cards before using a valuable 5/24 slot for this card.
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