Chase Freedom Unlimited Credit Card Review| Benefits

Chase Freedom Unlimited credit card is the most profitable deal for people with an excellent credit score. It has so many features which benefit the cardholder.

Chase Freedom Unlimited Credit Card Review| Benefits | Features

Those looking for a card that is capable of performing everything, should consider the Chase Freedom Unlimited®. This no-fee card earns above-average earnings on travel, dining out, and drugstore purchases, as well as solid earnings on all other categories of spending. 

Read also: Best uk credit cards for travel

When combined with another premium Chase card, this card offers even more value in terms of rewards. Still trying to decide? A sizable welcome bonus should seal the deal: 1.5% cash back bonus on all purchases made as a cardholder in the first year on up to $20,000 in spending – up to $300 cash back in the first year.

What Is Chase Freedom Unlimited?

Chase Freedom Unlimited Credit Card

This card has a fantastic earning rate for a card that costs nothing to own. Get 5% back on Chase Ultimate Rewards® travel, 3% back on eligible dining and drugstore purchases, and 1.5% back on everything else. Furthermore, combining the Chase Freedom Unlimited® with certain Ultimate Rewards-earning cards allows you to pool your points for even more value.

The Freedom card earns Ultimate Rewards® points, which can be redeemed for 1 cent per point through the Ultimate Rewards® travel portal or as a statement credit.

However, if you also have a premium Chase Freedom Unlimited Credit Card , such as the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®, you can combine your Chase Ultimate Rewards® points and redeem them at a higher rate, or transfer them to one of Chase’s travel partners for potentially greater value.

The Advantages Of The Card

  • The most amazing highlight of the card is the “no annual fee” policy. You don’t have to pay any charge yearly for having this card.
  • Your Chase Freedom Unlimited card comes with a benefit to boost your rewards value when you transfer points to a higher-tier Chase card.
  • On new purchases and balance transfers, an introductory APR is available.
  • Excellent benefits for a no-fee card, including complimentary DoorDash DashPass and travel cancellation/interruption insurance.

The Disadvantages Of The Card

  •  If you book through the Ultimate Rewards portal, you will only receive 5% back on your travel.
  • The initial balance transfer fee of 3% ($5 minimum) increases to 5% ($5 minimum) for transfers after the first 60 days.
  • The first-year 1.5 percent reward rate increase to all cash back bonus categories (on up to $20,000 in combined purchases) isn’t as valuable for average spenders as the previous first-year offer.

Reward Rates

How To Earn

The Chase Freedom Unlimited earns the following reward rates:

Earn 5% cash back on Chase Ultimate Rewards® travel purchases, 3% cash back on eligible dining and drugstore purchases, and 1.5% cash back on all other purchases.

You’ll also get a 1.5% cash back bonus on everything you buy in your first year as a cardholder on up to $20,000 in spending – that’s up to $300 in cash back in the first year.

When you combine that with the money you’ll get for meeting a minimum spending requirement, you’re looking at a pretty good deal for a card with no annual fee.

How To Redeem

The Chase Freedom Unlimited gives you a plethora of options for redeeming your rewards. You can choose to receive cash back via statement credit or direct deposit, redeem for travel or gift cards, or shop online at Amazon.com.

As with many other credit cards (which currently have a 25% value boost), you can also redeem your rewards for charitable contributions.

You can indeed merge your rewards with a premium Ultimate Rewards card, such as the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred® Credit Card, to gain additional flexibility, such as the ability to transfer your rewards at a 1:1 ratio to one of Chase’s transfer partners.

Benefits Of Chase Freedom Unlimited Credit Card

Redeem for cashback: There is no minimum requirement to redeem for cash back. You have the option of receiving a statement credit or direct deposit into most US checking and savings accounts.

Just tap to pay: With your contactless Chase card, you can pay quickly and securely. You’ll save time while still reaping the benefits of using your card.

Extended warranty protection: extends the time period of the manufacturer’s warranty in the United States by one year for eligible warranties of three years or less.

For Car Rentals: Refuse the rental company’s collision insurance and charge the full rental amount to your credit card. Most cars in the United States and abroad are covered for theft and collision damage. In the United States, coverage is secondary to personal insurance.

Fraud alert: In the case of unusual or fraudulent activity, Chase Freedom can notify you by phone, text or email.

Credit Journey: Credit Journey offers personalized insights to assist you in building, monitoring, and protecting your credit health.

Other cardholder benefits

While the perks of the Chase Freedom Unlimited card cannot compete with those of a luxury travel card like the Sapphire Reserve, the card still provides a number of quality consumer benefits that are exceptional for a no-fee card. Here are a few examples:

Complimentary subscription to DashPass: DashPass is indeed a subscription service from the famous food delivery company DoorDash that gets you unrestricted deliveries for a $0 delivery fee on orders over $12. It’s a great compliment to the Freedom Unlimited card’s bonus rewards on dining purchases.

Frequently Asked Questions

  1. Can you have Chase Freedom Unlimited® and Chase Freedom FlexSM at the same time?

    Yes, you can have the Chase Freedom FlexSM and Chase Freedom Unlimited® credit cards at the same time.

  2. Is there travel insurance with chase freedom unlimited credit card ?

    Trip cancellation/interruption insurance is available with the Chase Freedom Unlimited® credit card. If your trip is canceled or cut short due to sickness, severe weather, or other covered circumstances, you can be reimbursed up to $1,500 per person and $6,000 per trip for eligible purchases made with your Chase Freedom Unlimited® credit card.

  3. How to get cash back with the Chase Freedom Unlimited® credit card?

    The Chase Freedom Unlimited® credit card provides 1.5% cash back on all purchases. You also get 5% cash back on travel purchases made through Chase Ultimate Rewards® and 3% cash back on restaurant purchases.

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