With the Chase Freedom Unlimited® Card, you can earn 3% cash back on all purchases in your first year up to $20,000 spent. This equals up to $600 that you can essentially earn back. If you exceed $20,000 in spending, you can earn 1.5% cash back on all purchases in which you can redeem at any time and for any amount.
The Chase Freedom Unlimited card comes with a flat cashback rate. It is open to anyone and is most effective for everyday purchases. When used by itself, the card can compete with Capital One Quicksilver Cash Rewards Credit Card or American Express Cash Magnet Card.
However, when paired with other Chase cards, there is more than meets the eyes in terms of benefits and bonuses. If you are interested in what more this card has to offer, then continue reading below.
Chase Bank offers great bonuses with their Checking/Savings accounts also!
Table of Contents
- 1 Chase Freedom Unlimited Card Summary
- 2 Chase Freedom Unlimited Card – Earn $600 Cash Back
- 3 Earning Cash Back
- 4 Redeeming Rewards
- 5 Maximizing Your Chase Freedom Unlimited Rewards
- 6 Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
- 7 Tip: Additional UR Bonus Points With Sapphire℠ Checking
- 8 Chase Freedom Unlimited Cardholder Benefits
- 9 Author’s Verdict
- 10 Alternative Credit Card Options
Chase Freedom Unlimited Card Summary
The Chase Freedom Unlimited® Card offers double cash back. You'll earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
Chase Freedom Unlimited Card – Earn $600 Cash Back
As stated previously above, you can earn up to 3% cash back on all purchases if you exceed $20,000 in spending, or up to $600. This differs from other card sign-up bonuses.
This bonus is presented in the form of Ultimate Reward Points that can be redeemed for cash back or travel expenses. If you redeem your travel expenses through the Ultimate Rewards Portal, it will be the same value; however, when paired with another Chase card such as the Chase Sapphire Preferred Card, Chase Sapphire Reserve or Chase Ink Business Preferred Credit Card, you will be able to get more bang for your buck.
There are many ways to go about this. Down below are several options to acquiring these points
• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.
• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on what bank offers it.
• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.
As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
Earning Cash Back
The Freedom Unlimited from Chase earns an unlimited 1.5% cash back on all purchases. There are no caps, restrictions, or spending categories. Cash back is earned as Ultimate Rewards points. They’re worth $0.01 a piece, so, therefore 10,000 Ultimate Rewards points equals to $100 in cash.
Your points don’t expire as long as your account remains open and in good standing!
Redeem your accumulated cash back for cash equivalents (such as statement credits and bank account deposits), gift cards, travel expenses and general merchandise purchases made through Chase’s Ultimate Rewards portal, and merchandise purchases made direct with online retailers (such as Amazon). You can redeem cash in any amount; however, merchandise redemption minimums vary based on the item’s cost.
Maximizing Your Chase Freedom Unlimited Rewards
To maximize your rewards, you should pair your Freedom Unlimited Card with either the Chase Sapphire Preferred Card, Chase Sapphire Reserve or Chase Ink Business Preferred Credit Card. Although there are other Chase cards that can earn Ultimate Rewards, these are the most recommended because the value increases when the points are redeemed through the Ultimate Rewards portal.
Some of these cards are:
- Chase Freedom Credit Card
- Chase Ink Business Cash Credit Card
- Chase Ink Business Unlimited Credit Card
These allow for a broader range when it comes to redemption options, providing more freedom and value for your rewards. The points you earned from your Freedom Unlimited card can be applied to other Chase cards (see below), and they can then be redeemed at a higher value depending on what card you decide to pair it with.
|Paired Ultimate Rewards Card||Points Value|
|Sapphire Preferred||$0.0125 per point|
|Sapphire Reserve||$0.015 per point|
|Ink Business Preferred||$0.0125 per point|
So in terms of travel expenses, when paired with these cards, 60,000 points can be earned anywhere from $750-$900 through Ultimate Rewards.
Once you move your points to an account that earns Ultimate Rewards, you can transfer them to one of Chase’s travel partners. Or, you can book travel directly through the Chase portal. Your Ultimate Rewards points will be typically transferred at a 1-to-1 ratio. But, depending on which partner you transfer your points to, you could get even more value for your redemption.
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
|Airline Transfer Partners||Hotel Transfer Partners|
|Aer Lingus AerClub||IHG Rewards Club|
|British Airways Executive Club||Marriott Bonvoy (Previously Marriott Rewards)|
|Flying Blue AIR FRANCE KLM||The Ritz-Carlton Rewards|
|Iberia Plus||World of Hyatt|
|Singapore Airlines KrisFlyer|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
Tip: Additional UR Bonus Points With Sapphire℠ Checking
The Chase Sapphire℠ Checking account lets you combine Ultimate Rewards points from all Chase products and you can also earn an additional 60,000 bonus points.
Chase Freedom Unlimited Cardholder Benefits
- Credit Journey: Receive unlimited access to your credit score and more. This feature is fee, even if you are not a Chase customer. Checking your score does not affect your credit.
- Zero Liability Protection: You won’t be held responsible for unauthorized charges made with your card or account information.
- Purchase Protection: Have your new purchases covered for 120 days against damage or theft; this can be up to $500 per claim and $50,000 per account.
- Extended Warranty: Extend the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
If you’re looking for a great cash back rewards card, definitely consider the Chase Freedom Unlimited® Card, as for those still using a debit card for all of your purchases, it would be best to obtain a cash back credit card like this one instead.
Lets say you spent $100 at a restaurant. Essentially, you’ll receive $1.50 back in rewards that you can redeem later on. From there, you can redeem the rewards in various way such as paying your credit card bill, purchasing gift cards, booking flights, hotels, having it transfer to your checking account, and much more!
Let us know about your thoughts and experience with this card in the comment section below! Be sure to check back on BankDealGuy for more best credit card deals! For more Chase offers, see our list of the Best Chase Credit Cards!
Alternative Credit Card Options
Flate Rate Cashback Competitors
Here are some top competitors that are similar to the Chase Freedom Unlimited credit card. By choosing to utilize these cards, no-annual-fees will incur and also offer a flat-rate of rewards on all purchases:
The Capital One® Quicksilver® Cash Rewards Card offers a one-time $150 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.
Category Cash Back Alternatives
The Chase Freedom card allows for bonus rewards to be earned on quarterly rotating categories, but the Blue Cash Everyday Card from American Express and Capital One SavorOne Cash Rewards Credit Card don’t rotate.
The Chase Freedom® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
You'll earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and an unlimited 1% cash back on all other purchases. You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
This card has no annual fee and you'll get a free credit score that's updated weekly with Credit JourneySM.
The Capital One® SavorOneSM Cash Rewards Credit Card offers a one-time $150 cash bonus after spending $500 on purchases within the first 3 months from account opening.
You'll earn an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees.
Chase Cards To Pair With The Freedom Unlimited
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®!
You'll earn 2X points on travel and dining at restaurants worldwide; 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
Learn More About This Card
The Chase Sapphire Reserve® offers 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.
You'll earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. When redeeming your points for travel through Chase Ultimate Rewards, you'll get 50% more value.
This card does carry a $450 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre✓®.
The Chase Ink Business PreferredSM Card offers 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase Ultimate Rewards.
This card does come with a $95 annual fee but does not have any foreign transaction fees.
• Chase Bank Bonuses. Chase usually offers the most sign-up bonuses out of all the big banks. Read up and enjoy several promotions for their Checking, Savings and Business accounts.
• HSBC Bank Bonuses. HSBC has some big value offers available for their Checking accounts. Some require hefty deposits to qualify. They also have an online Savings account offering a very competitive rate.
• Huntington Bank Bonuses. Huntington has Consumer Checking and Business Checking accounts available throughout the year.
• Discover Bank Bonuses. As an online bank, Discover offers high and competitive rates on their Savings, CD, and Money Market accounts. Enjoy excellent customer service nationwide.
• TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available.
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