chase freedom unlimited

Chase Freedom Unlimited Makes Your Spending Simple (+ Secret Bonus)

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The Chase Freedom Unlimited credit card has been around since 2016. It was announced as Chase’s first Ultimate Rewards credit card that earns a fixed amount on all purchases. The Chase Freedom Unlimited earns 1.5 points on every purchase with no limit. Other than its earning format, it’s the exact same credit card as the original Chase Freedom card.

 

I mentioned that the Chase Freedom Unlimited is technically an Ultimate Rewards credit card, but is actually marketed as a cash back card. Every dollar spent will earn 1.5% “cash back” in the form of Ultimate Rewards. This feature makes the Freedom Unlimited much more valuable because of the ability to transfer Ultimate Rewards between Chase card accounts.

 

Chase Freedom Unlimited Review: Mind-Numbing Simplicity

The Chase Freedom Unlimited is made for the people who want simplicity when it comes to spending. They do not enjoy strategically getting the most points out of every dollar spent. That’s too much of a hassle for this type of person. But, they do still want to earn extra points on the things they buy. By earning 1.5 points on every dollar spent, it makes earning extra points very easy. With the Chase Freedom Unlimited, you don’t have to worry about using a certain card for groceries, a different card for gas, and yet another card for your cell phone bill. This card is perfect for people who just want their points to be simple to earn. If this is the type of person you are, the Chase Freedom Unlimited should be in your wallet.

 

Chase Freedom Unlimited Offer

15,000 Points after spending $500 in the first 3 months

Chase Freedom Unlimited Credit Card
  • Introductory Offer: You’ll earn a $150 Bonus (via 15,000 Chase Ultimate Rewards points) after you spend $500 on purchases in your first 3 months from account opening.
  • Introductory APR: 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%.
  • Earning Points: You’ll earn 1.5 points per $1 spent on all purchases.  No worrying about category bonuses.
  • Free Credit Score: View your credit score, updated every week on Credit Journey.
  • Annual Fee: No annual fee

 

Learn more about this card and find out how to apply HERE.

 

The Chase Freedom Unlimited Signup Bonus

The Chase Freedom Unlimited signup bonus is not one of the highest in the market, but it’s good for a no-fee card. 15,000 Ultimate Rewards is worth $150 when redeemed for cash back or to purchase gift cards or products on Amazon. A Chase Freedom Unlimited $150 bonus is how they advertise it, but it can be worth more than that. The signup bonus gets really good is when you double the value of your points and are able to redeem for 2 cents per point instead of 1. Who wouldn’t rather redeem points for double what they’re marketed as? Let’s see how it’s possible.



chase freedom unlimited 150 bonus

 

Transfer Chase Freedom Unlimited Rewards to Multiply Point Value

Here’s the secret that will potentially turn 1.5% back into 3% or more on all your purchases. The Chase Freedom Unlimited is advertised as a card that earns 1.5% cash back on every purchase, but it’s more than just that. Because Chase Ultimate Rewards can be transferred between card accounts, it makes sense to pair one of the three premium Ultimate Rewards cards with the Chase Freedom Unlimited.

 

Why?

 

When you redeem Ultimate Rewards directly with the Freedom Unlimited you redeem at a value of one cent per point. But, when you redeem them from one of the premium card accounts they are redeemed for at least 1.25-1.5 cents per point using the Chase travel portal. This gives you 25-50% more value for your Ultimate Reward points. Even better, with any of the premium Ultimate Rewards cards, you can transfer points to airline and hotel travel partners which makes your points redeemable at well over 2 cents per point! Which Ultimate Rewards cards are “premium cards”? Let’s take a look.

 

The 3 Premium Ultimate Rewards Credit Cards

Chase Sapphire Preferred: Ultimate Rewards redeem at 1.25 cents per point. (at least 25% more value)

Chase Sapphire Preferred Credit Card
  • 50,000 Points after spending $4000 in the first 3 months.
  • Earns 2 points per dollar on travel and dining.
  • Transfer to travel partners at 1:1 ratio (often redeem points for more than 2 cents per point)
  • Annual fee of $95 (waived in year 1)

 

Learn more about this card and find out how to apply HERE.

 

Chase Sapphire Reserve: Ultimate Rewards redeem at 1.5 cents per point. (at least 50% more value)

Chase Sapphire Reserve Credit Card
  • 50,000 Points after spending $4000 in the first 3 months.
  • Earns 3 points per dollar on travel and dining.
  • Transfer to travel partners at 1:1 ratio (often redeem points for more than 2 cents per point).
  • Airport lounge access with Priority Pass Select.
  • $300 Travel statement credit.
  • TSA PreCheck or Global Entry
  • Annual fee of $450

 

Learn more about this card and find out how to apply HERE.

 

Ink Business Preferred (business card): Ultimate Rewards redeem at 1.25 cents per point. (at least 25% more value)

Chase Ink Business Preferred Credit Card
  • 80,000 Points after spending $5000 in the first 3 months.
  • Earns 3 points per dollar on travel and select business categories.
  • Transfer to travel partners at 1:1 ratio (often redeem points for more than 2 cents per point)
  • Annual fee of $95

 

Learn more about this card and find out how to apply HERE.

 

Since all three of these credit cards come with the ability to use Chase’s travel transfer partners, you can essentially double your points if you have one of them. If you’re able to combine one of these premium Chase credit cards to partner with your Freedom Unlimited, it always makes sense to transfer points before redeeming.



 

Chase Freedom Unlimited vs Freedom (There’s Only 1 Difference)

Every feature of the Chase Freedom Unlimited is identical to the original Chase Freedom card, besides one thing. How points are earned through purchases. We thought about making a comparison chart of the two cards side by side, but this is the one and only difference. The Chase Freedom Unlimited earns 1.5 points per dollar on every purchase. The Chase Freedom earns 5 points per dollar on quarterly rotating categories (things like groceries, gas, movies, and Chase Pay), and 1 point per dollar on everything else. Which card is better for you depends on if you want the potential to earn extra points or want simplicity. Below are the features that both Freedom cards offer.

  • $150 Introductory Offer (15,000 Ultimate Rewards)
  • $25 for adding Authorized User (2500 Ultimate Rewards)
  • 0% Introductory APR for 15 months
  • No Annual Fee

 

Chase Freedom Unlimited: Credit Score Needed for Approval

Now that you understand the value that the Chase Freedom Unlimited comes with, let’s find out what credit score is needed for approval. Although it is a no annual fee credit card, you still must have good to excellent credit to be approved. This means your score needs to be 670 or above to have a very good shot at being approved. If your score is under this level, it doesn’t mean that you won’t be approved, but your odds go down. I’ve seen online reviews that mention people being approved with credit scores in the mid 600’s.

 

If you don’t know what your credit score is, you can find out for free. It’s simple. Just go to Credit Sesame and make a 100% free account and it will give you a monthly estimate of your TransUnion credit score. Their estimations are very accurate. A free Credit Sesame account is also a good tool for keeping an eye on your credit to make sure nothing bad ever happens to it.

Credit Sesame Price: Free Get your free credit score each month, and monitor your credit report at no cost. We'll also send you monitoring alerts about changes to your credit report. Credit Sesame Last Updated: 10/02/2018

 

Is the Chase Freedom Unlimited for You?

With all the details in order, I’m sure you know whether the Chase Freedom Unlimited is for you or not. If you’re all about simplicity, then the straightforward 1.5 points per dollar spending is probably a great fit for you. Also, if you want to get a premium Ultimate Rewards card to partner with the Chase Freedom Unlimited, it’s also a good option. Instead of earning 1 point per dollar on “everything else”, you can earn 1.5 points.

 

If you’re purely looking for a cash back credit card you may be better off with a different card. There are a few options that earn 1.5-2% cash back and some even have bonus categories. The Chase Freedom Unlimited is more about earning Ultimate Rewards than it is cash back.

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