For those looking for a solid entry-level credit card with rewards and cashback, the Chase Freedom Unlimited is an appealing option. Along with a generous suite of services, it caters to those seeking affordable credit and straightforward products that offer real everyday value.
If you’re unsure about whether this card is right for you, read on to learn how it works, what the typical rates are, and see if it fits your needs.
About the Chase Freedom Unlimited
The Chase Freedom Unlimited is a Visa card with no annual fee, making it one of the most accessible options for those just starting out. Typically, entry-level cards offer limited practical benefits, but this one stands out for its cashback rewards.
Cardholders can also earn Ultimate Rewards points, which can be redeemed for travel, miles, and statement credits. It includes a welcome bonus of $200 after spending $500 within the first three months, or an extra 1.5% cashback (up to $20,000 in purchases) during the first year.
As for rates, the introductory APR is 0% for 15 months on both purchases and balance transfers. After that, the variable APR ranges from 18.99% to 28.49%, and may reach up to 29.99% as a penalty for late payments.
International transactions incur a 3% foreign transaction fee on purchases made in foreign currencies, and balance transfers to accounts outside the U.S. are subject to a 5% fee.
Cashback Program
Chase Freedom Unlimited offers a unique cashback structure with different reward rates across categories:
- 5% on travel booked through the Chase Travel portal
- 3% on dining (including takeout and delivery) and drugstore purchases
- 1.5% on all other purchases, with no cap
Each point in the rewards program is worth 1 cent and can be redeemed for cashback, gift cards, or travel through the Chase portal. If you’re also a Chase Sapphire cardholder, you can boost your point value to 1.5 cents per point when redeeming for travel.
What Are the Other Benefits of the Chase Freedom Unlimited?
In addition to the welcome bonus and cashback program, the Chase Freedom Unlimited comes with several other perks, including no annual fee and purchase protection benefits.
For example, you get coverage for rental cars and purchase protection for 120 days, helping you save on a variety of items. When using the card for insurance purchases, you may also receive exclusive discounts and a free one-year extended warranty.
The card also includes zero liability protection against fraud, 24/7 account monitoring, and promotional partnerships—such as free DashPass for 3 months and 50% off for the next 9 months. Plus, you’ll earn 5% cashback on Lyft rides.
How to Apply for the Chase Freedom Unlimited
Like most Chase credit cards, you can apply for the Freedom Unlimited online through the website or mobile app. If you prefer, you can also speak with a representative at one of the Chase branch locations nationwide.
Although the application process is fairly simple, the card is best suited for applicants with good credit. Many users report that having a credit score above 700 improves your chances of approval.
To apply, submit your application and go through a quick credit profile review. If approved, you’ll receive your physical card and can start earning rewards from day one.
Who Is the Chase Freedom Unlimited Recommended For?
The Chase Freedom Unlimited is a great option for those who want easy access to cashback rewards, minimal fees, and a hassle-free application process—without juggling rotating categories.
Its no annual fee and 0% intro APR for 15 months are strong selling points, along with the rewards program and access to exclusive partnerships. And for those looking to level up later, transitioning to a Chase Sapphire card can unlock even more value.
Although it has less favorable terms for international use and is more geared toward everyday spending categories like groceries and gas, the Chase Freedom Unlimited is still well worth considering as an entry-level credit card.
All information in this and other BOISLA articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
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