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Chase Freedom Unlimited Credit Card Review| Benefits

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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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Credit Cards

Paypal MasterCard Features & cashback Benefits | Review 2022

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paypal mastercard

Paypal Mastercard is good news for all the US-based businessmen because of its cashback benefits and no annual fee.

The new PayPal MasterCard is one of the industry’s top cashback business credit cards, with no annual fee and 2% cashback on all purchases with no cap on how much cashback can be earned – assisting small business owners in getting rewarded as they make business purchases.

Paypal MasterCard

 Introduction

The PayPal Cashback Mastercard®* is one of only a few cards that offers 3% cash back on PayPal purchases and 2% cash back on all other purchases while charging no yearly fee. That is an excellent return with no strings attached.

There are no classification bonuses to track, no prize earnings limits, and no minimum redemption thresholds. It doesn’t get any easier than that. The only catch is that to apply for the card, you need to have a PayPal account (which is free to open), and those with good or excellent credit are more likely to qualify.

Read also: 5 Best 0% Interest Credit Cards | Review

Read also: 5 Best Chase Business Credit Card

Advantages Of The Card

  • You will receive 2% cash back on all purchases.
  • Without the usual $25 minimum, rewards can be redeemed for any amount.
  • Integrates easily with your PayPal account
  • There is no fee for purchases made outside of the United States.

 Disadvantages Of The Card

  • Deposits to your PayPal account, linked bank account, or debit card are the only ways to redeem cash back.
  • There are no introductory 0% APR offers for purchases or balance transfers.
  • APRs ranging from 21.49% to 28.49%
  • Because there is no welcome bonus, you cannot maximize rewards during the first few months of card use.

Features Of Paypal Mastercard

Simplicity

This Paypal Mastercard has two distinct rewards rates, but they’re simple to remember: unlimited 3% cash back at PayPal checkout and 2% back on other Mastercard purchases.

True, other cards offer higher cash-back rates on specific purchases, such as gas stations and restaurants. However, 2% flat-rate cash-back cards have the advantage of being both rewarding and straightforward.

If you use this card as your primary credit card, you’ll get 2% back on most purchases. However, it’s worth noting when a retailer accepts PayPal payments, such as a PayPal button during online checkout. (You can also use it in-store if a PayPal QR code is available as a payment method.) If you select this option, you will receive 50% more rewards (3% cash back).

Simple Redemption

You can get your money back in any amount you want. (Technically, you need one cent in rewards.) Other cards require you to accumulate $25 or more before you can cash out.

You can also access your rewards on a daily basis rather than waiting for a monthly statement cycle. Earned rewards will be available for redemption approximately three days following an eligible purchase.

Consumers can select how to receive cash-back rewards based on account type: make credit card payments, transfer funds to a linked bank account or debit card, or simply fund your PayPal account for other PayPal transactions.

In terms of account types, the card’s terms and conditions state: Rewards can be used to make payments, purchases, send money to other PayPal users, or transfer to your bank account or debit card linked to your PayPal account if you have a PayPal Balance account, which is PayPal’s version of a bank account.

Rewards can only be transferred to your bank account or debit card linked to your PayPal account if you do not have a PayPal Balance account.

It Can Be Used Almost Anywhere

To be clear, you can use a Paypal MasterCard card to pay for things through your PayPal account, but you are not required to do so. It’s a regular credit card that can be used anywhere Mastercard is accepted, even if the retailer doesn’t accept PayPal at the time of purchase.

Quick Access

In most cases, once you’ve been approved for this card, a temporary credit line will be added to your account immediately, and you’ll be able to use it on PayPal right away — you won’t have to wait for a physical card to arrive in the mail. (This will take between seven and ten business days.)

Paypal MasterCard Reward Rates

Earning Rewards

This card’s rewards are straightforward, as you’ll earn a flat 3% cash back on PayPal purchases and 2% on all other online or in-store purchases. There are no categories to keep track of, and there are no earnings limits. As a result, this card is ideal for someone who values simplicity.

Redeeming Rewards

It’s just as simple to redeem rewards with this card as it is to earn them. Your rewards are calculated at the end of each billing cycle and can be redeemed in any amount, with no minimums.

To redeem your rewards, transfer them to your PayPal account, where they can be used to make purchases on PayPal or transferred to a linked bank account. You can also use your PayPal balance to convert your rewards to a statement credit. As a result, in order to keep the card, you must keep your PayPal account open and in good standing.

Rewards Potential

We calculate baseline income and spending averages using data from various government agencies. The 70th percentile of wage-earners earns $107,908 per year and spends $32,072 on credit card purchases. Based on those figures, a household that charges everything to the PayPal Cashback Mastercard would earn at least $641 in rewards per year, and more if you can make your purchases through PayPal.

Is The Paypal Cashback Mastercard For You?

This card is ideal for anyone who wants to earn cash back on all purchases without having to pay an annual fee or keep track of bonus categories.

The combination of 3% cash back on PayPal purchases and 2% cash back on all other purchases, as well as the ease of redemption, makes it ideal for anyone looking for a simple rewards card to use as their primary credit card.

If you prefer to carry multiple cards, it could be a useful addition to your wallet for non-bonus purchases. However, because of the high APR, this card is best suited for people who rarely carry a balance.

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Credit Cards

5 Best 0 Interest Credit Cards | Review

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5 Best 0% Interest Credit Cards | Review

Having a credit card for a businessman has become a necessity nowadays. You should be really cautious while picking 0 interest credit cards for you.

A 0 interest credit card with an introductory offer on purchases, balance transfers, or both can help you avoid interest charges for a limited time and potentially save hundreds of dollars. Compare the best 0% intro APR credit cards available from our partners and get expert advice on debt management.

What Is A Credit Card?

Credit cards are notorious for charging higher interest rates than many other financial products, but some cards offer a 0% APR promotional period. Some 0% APR credit cards allow you to avoid paying interest on both purchases and balance transfers, while others only offer one or the other.

A credit card is a type of credit facility offered by banks that allows customers to borrow funds up to a predetermined credit limit. It permits consumers to make purchases of goods and services.

When comparing 0% APR cards, keep in mind that some may lack features, such as rewards and other perks, that will keep you using the card long after the promotional period has ended.

Benefits Of A Credit Card

1. Buying on credit facility: The credit limit granted to the cardholder is what makes a credit card appealing. You can buy whatever you want within that limit and pay later. Even if you buy expensive items on credit, your monthly budget will not be affected. The ability to convert the total amount of your purchases into low-cost EMIs, allowing you to repay it easily over time, is one of the most significant benefits of a credit card.

2. The most commonly used method of payment: If you have this card, you can travel anywhere without carrying much cash. You can use a credit card to pay for anything because it is the most widely accepted method of payment.

3. Withdrawal of interest-free cash: A few credit cards allow you to withdraw money up to a certain limit in an emergency, with no interest charged for 45 to 50 days. It is useful in times of financial emergency.

4. Infinite reward points: Business cards, like personal credit cards, offer loyalty points, cashback, and other perks for various transactions. Assume you have a business credit card that provides travel rewards. In that case, you can earn points and redeem them for discounted (or even free) hotel stays and airline tickets.

This helps to reduce your business travel expenses. Not only do business credit cards provide travel credits, but they also provide cashback offers on gas, dining, and shopping, among other things.

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Credit Cards

Features And Applications Of capital ne venture card in 2022

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Capital One Venture Card

Capital one venture card is for all the travel reward seekers who love to have a stylish metal card in their collection.

Features And Applications Of Capital One Venture Card

– ADVERTISEMENT –

If you want to earn easy-to-manage travel rewards on all purchases, this card is a great option. Even if you’re not traveling, the boosted miles on all spending can easily earn 1:1 value through most of the transfer partners available.

Capital One Venture Card

Introduction To Capital One Venture Card

Flat-rate travel rewards cards are a widely known option for people who want to earn rewards on all of their purchases in one place. Moreover, despite its $95 yearly fee, the Capital One Venture Credit Card is an outstanding example.

On all purchases, you can earn an unlimited number of 2X miles. When compared to many other travel rewards cards, which typically only earn rewards for travel spending, this is a valuable perk for people who want to maximize the number of rewards they earn.

– ADVERTISEMENT –

Capital One Venture Card

The Advantages Of The Card

When compared to other travel rewards cards that only earn miles for specific flight and hotel bookings, the card offers unlimited, flat-rate travel miles on all purchases.

It has no foreign transaction fees, so you won’t have to worry about them if you use the card abroad.

It provides numerous benefits, including a $100 credit toward the application fee for Global Entry or TSA PreCheck (unlike the Capital One Venture One Rewards Card)

– ADVERTISEMENT –

Read also: 5 Best Chase Business Credit Card

The Disadvantages Of The Card

Unlike the Capital One Venture X card, the $95 annual fee isn’t entirely offset by yearly benefits, so look elsewhere if you want to completely offset yearly fees with rewards or prefer a low-cost travel rewards card with no annual fee.

Unless you use certain airline transfer programs, miles are worth 1 cent or less, which can limit your overall earning potential.

This card has a high spending requirement to earn the full sign-up bonus, so if you’re currently budgeting your travel expenses or don’t travel frequently enough to spend $4,000 within three months, this card (and possibly its sibling cards) may not be the best fit for you.

Other Benefits Of The Card

Capital One Venture Card

A high rewards rate

While most branded airline credit cards earn only one point for every dollar spent on purchases other than those made with the airline, the Capital One Venture Credit Card keeps things simple. You’ll get 5 miles for every dollar spent on hotels and car rentals booked through Capital One Travel, and an unlimited 2 miles for every dollar spent on everything else.

A sizable sign-up bonus

With its bonus offer for new cardholders, the Venture Credit Card gives you a head start on your next trip: Enjoy a one-time bonus of 75,000 miles  after spending $4,000 on items purchased in less than three months of account opening, equivalent to $750 in travel.

Lounge Access

The Capital One Venture Rewards Credit Card includes two complimentary visits to Capital One Lounge locations or a partnering Plaza Premium Lounge per year. Following that, cardholders have access to a special entry rate of $45 per visit.

Capital One Venture Credit Card Rewards

Earning Rewards

The venture card earns 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases, putting it near the top of the flat-rate reward card rankings. Aside from the welcome bonus, it has no categories or other earning benefits.

The card comes with a welcome bonus of 75,000 miles after spending $4,000 on purchases within three months of account opening, which is equivalent to $750 in travel.

Redeeming Rewards

Most customers’ reward redemption options with the Venture card will be limited to travel rewards. Miles can be redeemed for purchases on Paypal.com or Amazon.com, but these will generally not earn the best value. Miles redemptions for purchases on these sites typically earn only 0.8 cents per dollar more than the 1 cent per dollar value for eligible travel redemptions.

The ability to transfer miles to travel partners is a great feature of Capital One Miles. Although these redemptions may necessitate more effort than redeeming points for previous travel, transferring miles to travel partners may provide the best value per point.

Tip: Buying travel with the card and then redeeming miles to cover the cost is a better financial move than booking through Capital One Travel with miles. You’ll earn miles on the reservation and be able to use your accumulated earnings to offset the purchase this way.

Rewards Potential

To determine the Venture card rewards potential, we look at bonus categories and calculate how much an average American household would spend in those categories.

We use data from various government agencies to calculate baseline income and spending averages across a variety of categories. We base our spending on the 70th percentile of wage-earning households, which earn $107,908 per year.

According to the data, the household has $32,072 in expenses that can be charged to a credit card, including $1,100 in hotel and $1,100 in rental car purchases. In addition to the first-year welcome bonus, the Venture would earn 70,744 miles per year at 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an infinite 2 miles for every dollar spent on other items purchased.

These miles can be redeemed for $707 in value toward eligible travel purchases or transferred to Capital One’s travel partners for potentially greater value.

Frequently Asked Questions

  1. What credit score do I need to qualify for the card?

    Capital One advertises a credit score requirement of “excellent.” Experian defines an exceptional FICO score as one that exceeds 800, and an excellent VantageScore as one that exceeds 781.

  2. What time does it take to redeem Capital One Venture Rewards?

    Redemption times differ depending on the method of redemption. Redeeming miles for previously made purchases on your card removes them from your statement, but you must do so within 90 days of the purchase.

  3. Is the Capital Venture a metal credit card?

    Because of its slick metal finish, the Capital One Venture is a good item if you want your credit cards to not only withstand travel but also have a stylish veneer. In fact, it’s one of the best metal credit cards if you want a rewards programme that works as well as its look.

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