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

By Christina Majaski. Last updated 27 August 2019. 0 comments

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

Why We Like This Card

  • Double Cash Back 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)

Double cash back offer. Earn 3% on all your purchases in your first year up to $20,000 spent. After that, you earn an unlimited 1.5% cash back on all purchases.

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

0% Intro APR for 15 months. You also get 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.99-25.74%. The balance transfer fee is 3% of the amount transferred, $5 minimum.

Other Benefits

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

Credit JourneySM. Get free, unlimited access to your credit score and more. Updated weekly.

Costs

  • $0 Annual Fee
  • 16.99%-25.74% Variable APR (0% Intro APR for 15 months on purchases and balance transfers) 
  • 3% 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's a good option for those who can benefit from 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® today!


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