Get Cash Back for Every Purchase: Chase Freedom Unlimited℠ Review

By Christina Majaski. Last updated 19 May 2017. 0 comments

This post contains references to products from our advertisers. We may receive compensation when you click on links to those products. The content is not provided by the advertiser and any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any bank, card issuer, airline or hotel chain. Please visit our Advertiser Disclosure to view our partners, and for additional details.


Chase's latest offering is a cash back card that offers unlimited 1.5% cash back on every purchase. If you're looking for a simple credit card from an established issuer, the Chase Freedom UnlimitedSM is definitely worth considering. (See also: Best Flat Rate Rewards Credit Cards)

Why We Like This Card

  • $150 Bonus Offer
  • Unlimited 1.5% cash back

How This Card Works

This card awards unlimited 1.5% cash back on every purchase - it's automatic! If you find managing quarterly rotating categories or special purchase categories to be a hassle, you’ll appreciate the convenience of a flat rate cash back card like this one. 

See also: Best Cash Back Credit Cards

Cash Bonus offer. Earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening.

See also: Best Cards Offering Sign-Up Bonus Cash

0% Intro APR for 15 months. You also get 0% Intro APR for 15 months from account opening on purchases and balance transfers. After the intro period, a variable APR of 15.74%-24.49% applies. The balance transfer fee is 5% of the amount of each transfer or $5 minimum.

See also: Best Cards with 0% APR for purchases and 0% APR for balance transfers

You can request your cash back at any time, without any minimum requirements for statement credit or electronic deposit into a checking or savings accounts. There are also opportunities to redeem for gift cards, travel, or merchandise.

Other Benefits

Purchase protection. Purchases you make with the card are covered for 120 days against damage or theft.

Price protection. If your purchase is advertised in the U.S. in print or online within 90 days at a lower price, you can receive reimbursement of the price difference.

Costs

  • $0 Annual Fee
  • 15.74%-24.49% Variable APR (0% Intro APR for 15 months on purchases and balance transfers) 
  • 5% Balance Transfer Fee ($5 minimum)
  • 3% Foreign Transaction Fee

Considerations

Low rate of rewards. Although the flat rate of 1.5% cash back is convenient and easy, if the majority of your spending falls into a specific category like gas or groceries, you can earn more rewards with cards that focus on those specific categories. (See also: Best Credit Cards for Groceries and 5 Best Gas Rewards Credit Cards)

Foreign transaction fee. There is a foreign transaction fee of 3%, which is going to add up if you frequently travel outside of the United States and cancel out any cash back you earn from your purchases. If you need a card for foreign transactions, you’re better off with a credit card that does not charge a foreign transaction fee. (See also: Best Credit Cards without Foreign Transaction Fees)

Who This Card Is Best For

This card is best for those who prefer to avoid the hassle of changing categories or special purchase requirements and value the opportunity to easily earn and redeem a flat rate of cash back when using the card. It has a nice cash bonus for new cardholders as well as a long 0% APR for purchases and balance transfers. It is also best if your purchases vary from month to month and, because of the 3% foreign transaction fee, are primarily domestic.

Click here to learn more and apply for the Chase Freedom Unlimited℠ Credit Card today!


4
Average: 4 (2 votes)
Your rating: None
ShareThis
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.