Earn up to 5X Ultimate Rewards with Freedom Cards

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Following one of the best bonus offers we’ve seen to date on the Chase Freedom Unlimited® and Chase Freedom Flex℠, the signup bonus on these cards has returned to the standard offer of $200 cash back.

Chase Freedom Unlimited®
Chase Freedom Unlimited®
Annual Fee$0
Welcome Bonus Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
The everyday workhorse of the Ultimate Rewards family of cards earns 1.5% cash back on every purchase, every day of the week. While the Freedom Unlimited earns cash back on its own, the points earned become even more valuable when you hold an Ultimate Rewards card with the ability to transfer points to partners.
  • 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

Chase Freedom Flex℠
Chase Freedom Flex℠
Annual Fee$0
Welcome Bonus Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% 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 up to $1,500 on combined purchases in bonus categories each quarter you activate
  • Earn 5% on travel purchased through Chase Ultimate Rewards
  • Earn 3% on dining at restaurants, including takeout and eligible delivery services
  • Earn 3% on drugstore purchases
  • Earn 1% on all other purchases

Why Get a Freedom Card?

If you collect Ultimate Rewards, the Freedom cards are a great addition to your wallet. That's because they can supercharge the number of points you earn, and neither card charges an annual fee.

Both cards offer extra rewards in three permanent bonus categories:

  • 5% back on travel purchased through Chase Ultimate Rewards
  • 3% back on dining purchases — including dining in, takeout, and eligible delivery services
  • 3% back on drugstore purchases

The Freedom Flex also earns 5% back on up to $1,500 in combined purchases each quarter on rotating bonus categories. The first set of 2021 Freedom 5% categories are wholesale clubs; internet, cable and phone services; and select streaming services.

The Freedom Unlimited is even easier! You'll earn 1.5% cash back on every other purchase, with no limit.

Freedom Card Rewards Can Be Worth More than Advertised

The Freedom Unlimited and Freedom Flex are marketed as cash-back cards, but the rewards they earn become more valuable if you hold another Ultimate Rewards card.

Chase lets you combine Ultimate Rewards points across all of your credit cards, including accounts held by a spouse or partner. That means if you hold a premium Ultimate Rewards card like the Chase Sapphire Preferred® Card, your “cash back” earned with the Freedom cards can become transferrable points.

If you’re curious about how to earn points with a spouse or partner, I wrote a detailed post on how my wife and I leveraged the Freedom Unlimited offer for our team earning strategy.

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Application Restrictions

The good news with the Freedom cards is that you can get both of them. You’re also eligible for either of these cards if you have the Chase Freedom® (which is similar to the Freedom Flex but is now closed to new applicants).

There are a couple of other general Chase rules to consider:

  • 5/24 Policy: Chase won’t approve you for a credit card if you’ve opened five or more new cards in the past 24 months.
  • 90-Day Policy: Chase will generally approve only one personal- and one business-card application every 90 days. Since both Freedom cards are for personal use, you’ll need to pick the one that makes the most sense for you and wait to pick up the other.

Final Thoughts

Like many cards with no annual fee, the Freedom cards aren't known for generous welcome offers. That said, a big part of the potential value hinges on your ability to leverage the 5% bonus categories for your everyday spending, as this can add a huge number of points to your Ultimate Rewards balance each year.

Chase Ultimate Rewards are one of our favorite types of transferrable points. If you already have a card like the Sapphire Preferred that lets you transfer points to partners, these cards can add significant value to your rewards portfolio.

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
Annual Fee$95
Welcome Bonus Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn a $50 statement credit towards grocery store purchases.
Our #1 recommended beginners rewards card featuring an 60,000 point signup bonus after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn a $50 statement credit towards grocery store purchases.
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
  • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
  • 5X points on Lyft rides through March 2022
  • 2X points on travel and dining at restaurants worldwide
  • 1X point per dollar spent on all other purchases

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