Review: The Chase Freedom Unlimited® credit card

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Chase Freedom Unlimited card
Image Credit: Chase
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Since its release, the Chase Freedom Unlimited® card has been one of the most popular cash back credit cards available. The card allows its cardholders to receive 1.5% cashback on every purchase made. But this isn’t your typical cashback card. With the Chase Freedom Unlimited® card, you might also have the chance to use your cash back earnings toward travel.

Want to learn whether this card would be a perfect fit for your wallet? Keep reading this Chase Freedom Unlimited® review to find out.

Chase Freedom Unlimited®: What you get

When you sign up for the Chase Freedom Unlimited® card you will receive a $150 bonus after spending $500 on purchases within the first three months of opening your account. If you want to add an authorized user, you will receive another $25 after they make their first purchase within three months of opening the account. This isn’t the largest cashback bonus you can receive, however most people pick up the Freedom Unlimited card because of the cashback potential you’ll have.

When you use the Chase Freedom Unlimited® card on everyday purchases, you will earn 1.5% cash back. That means there is no need to remember a bunch of bonus categories, because every purchase will earn the same amount.

Where this card really starts to stand out from the competition is with the redemption options cardholders have. Most cash back cards will give you the option to redeem your earnings as a statement credit or through a check. Chase takes things a step further.

With the Chase Freedom Unlimited®, you will still have the chance to receive either a check or a statement credit. However, if you have another Chase card that earns Ultimate Rewards, you will also have the ability to transfer cash back to Ultimate Reward points. Each Ultimate Reward point is worth one cent and can be redeemed for gift cards or to book travel.

The rewards you can earn with the Chase Freedom Unlimited® make it one of the most popular cards available. But to make it even more attractive, it comes with no annual fee. Plus, the card offers an 0% introductory APR for 15 months on both purchases and balance transfers.

Drawbacks of the Chase Freedom Unlimited®

Even though it might seem like the Chase Freedom Unlimited® could be the perfect credit card, there are some negatives.

Foreign transaction fees – If you’re planning to travel outside the United States, then you’ll want to leave the Chase Freedom Unlimited® card at home. That’s because it will charge a 3% foreign transaction fee on all purchases made abroad.

1.5% isn’t king – This Chase Freedom Unlimited® review is meant to give you all the information available so you can make an informed decision. That said, earning 1.5% cash back isn’t the best you can do. With the Citi Double Cash card, you will earn 1% when you make a purchase and another 1% when you pay for the purchase. However, for many people, the different redemption options of the Chase Freedom Unlimited® will still make it the more attractive option.

5% percent balance transfer fee – The Chase Freedom Unlimited® comes with the option to transfer a balance and receive 0% APR for the first 15 months. However, Chase will tack on a 5% balance transfer fee. There are other cards, including the Chase Slate card, which would be better if you are looking to make a balance transfer.

Making the most of the Chase Freedom Unlimited

The Chase Freedom Unlimited® card is a great card by itself, but it can be something truly special when used alongside other Chase cards.

Boost your earnings and redemption potential

People love the Chase Freedom Unlimited card because you can earn 1.5% back on every purchase, with no need to remember different category bonuses. However, if you would prefer to be able to maximize the amount you can earn, then it could be used along with the Chase Freedom card, which will allow you to earn 5% cash back on rotating categories each quarter.

Or you could use it with the Chase Sapphire Preferred card, which would earn 2x Ultimate Reward points on travel and at restaurants. The Chase Sapphire Preferred card will also help boost your redemption amount. Instead of redeeming Chase Ultimate Reward points for 1 cent each, the Sapphire Preferred includes an increased redemption rate of 1.25 cents per point.

Is the Chase Freedom Unlimited card worth it?

If you are looking to add a flexible cash back card to your wallet, then the Chase Freedom Unlimited card should be near the top of your list. This card gives you the chance to earn a flat 1.5% cash back on every purchase you make. Plus, if you already have the Chase Sapphire Preferred or the Chase Freedom, you will have the opportunity to maximize your earning and redemption potential.

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