Chase Freedom Unlimited – Offer Details and Review


Chase Freedom Unlimited Credit Card Details

  • Earn unlimited 1.5% Cash Back on all purchases
  • Introductory zero percent APR for new cardholders
  • New cardholder sign up bonus (spending requirements apply)
  • No expiration on cash back rewards
  • Zero annual fee

The Chase Freedom Unlimited Card offers great features across the board.  This is a credit card perfect for individuals who may be new to credit card rewards.  First, this card has no annual fee.  This is a huge plus for people who are leery of credit card fees.  Furthermore, the rewards are extremely competitive compared to similar cards.  There are no confusing categories and all purchases earn a flat 1.5% cash back.

Chase Freedom Unlimited
Chase Freedom Unlimited Features An Attractive Blue Design

Chase Freedom Unlimited – $225 New Customers Sign Up Bonus

Anyone who knows the first thing about credit card rewards understands the value of new cardholder sign up bonuses.  The Chase Freedom Unlimited Card is a great option for newcomers to the rewards game.  Customers are eligible for a $225 bonus when they are approved for this card.  The bonus is broken up in to two separate sections.

New cardholder sign up bonuses are contingent upon meeting spending requirements.  This is another area the Chase Freedom excels.  Cardholders only need to spend $500 in the first three months of opening their new account.  Relatively, this is an extremely low spending requirement.  Many new cardholder offers begin at $1,000 spending requirements and often go as high as $5,000.

After completing the initial sign up bonus customers are eligible for an additional $75 bonus.  To achieve this, cardholders will need to charge $5,000 to their card within the first 12 months of opening their account.  This leg of the bonus requires quite a bit more spending than the first $150.  With this said, for consumers who use The Chase Freedom Unlimited as their primary credit card, this will be very achievable given the one year period to complete.

This is a great sign up offer considering the sizable bonus and the low spending requirements.  Additionally, customers will continue to earn 1.5% cash back on all of the purchases they make to meet the sign up bonus.

Chase Freedom Unlimited – Credit Requirements For Approval

One drawback to this card is that it may not be available for all consumers.  This card falls in the the range for people with “good” credit.  It is difficult to say exactly what credit score will be needed for approval but generally cards in this credit range require about a 670 credit score or better.  If you are interested in learning more about improving your credit score, check out our article on Creditworthiness and Improving Your Credit.  If you are looking for a card for less than good credit, our Credit Card Guide For Fair Credit will be helpful!

Another aspect to consider is how many Chase Credit Cards you have applied for in recent months.  Chase adheres to a policy that does not allow for more than 5 credit card approvals in a 24 month period.  This will be a non-factor for the majority of applicants.  For the most part, this will only impact individuals who are pursuing credit card sign up bonuses.

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Earning and Redeeming Cash Back With The Freedom Unlimited

One of the best features of this credit card is that the cash back earning structure is extremely simple.  All purchases qualify for 1.5% cash back.  This means there is no need to keep track of specific categories that earn additional rewards – a common feature with reward credit cards.

When you earn cash back with your card they are credited as points to your rewards account.  The redemption rate is very simple.  For instance, with the sign up bonus of $150, cardholders will receive 15,000 points.  These points can be redeemed for $150 cash back.  This may seem like an unnecessary step but it is actually a huge benefit to the cardholder.

By earning points you are drastically increasing the flexibility you have when redeeming your rewards.  Chase Ultimate Rewards provides many ways to redeem your points and you can decide how you would like to use your rewards.  Furthermore, if you have another credit card from Chase that offers Ultimate Reward Points as rewards you can easily combine your points to get even better rewards.

Final Thoughts

For many consumers this is going to be the perfect credit card.  With no annual fee and a great rewards program, there is little else to ask for.  Chase offers many premium credit cards that have more value but they also come with annual fees.  If you are looking for a straightforward, no fee card with a strong rewards program, the Chase Freedom Unlimited is going to be hard to beat.  For more information about cash back credit cards check out our Cash Back Card Ultimate Guide!


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