Choosing the right credit card is a crucial step in managing your finances effectively. Whether you’re looking for rewards, flexibility, or simply a card with no annual fee, the Chase Freedom Unlimited® stands out as a versatile option. With competitive cash-back rates and appealing introductory offers, this card has been tailored to meet the needs of a wide range of users.

In this comprehensive guide, we will explore the key aspects of the Chase Freedom Unlimited® credit card. From its cash-back rewards and standout benefits to potential drawbacks, you’ll find all the information you need to decide whether this card is the right fit for your financial goals.

Key information about the credit card

How does the annual fee work?

One of the most attractive features of the Chase Freedom Unlimited® card is its no annual fee policy. While many credit cards with similar benefits charge fees ranging from $95 to $500, this card allows you to enjoy all its rewards and perks without worrying about an added yearly expense. This feature is particularly valuable for those who want to optimize their spending. By eliminating the annual fee, Chase ensures that your rewards aren’t offset by maintenance costs.

How is the credit limit determined?

When you apply for the Chase Freedom Unlimited® card, your credit limit is determined based on several factors evaluated by the issuer. These include your credit score, income, employment status, and existing debt-to-income ratio. Applicants with a strong credit history, steady income, and low debt are more likely to qualify for higher credit limits. Chase may periodically review your account to offer credit limit increases, especially if you demonstrate responsible credit use.

Advantages of the credit card

• Unlimited cash back on every purchase: Unlike many cards that cap rewards in certain categories, this card offers 1.5% unlimited cash back on all purchases. This makes it ideal for everyday spending, from groceries and utilities to larger expenses like electronics or home improvements.
• Bonus cash back categories: You’ll earn 3% cash back on dining, including restaurants, takeout, and eligible delivery services, as well as drugstore purchases. Additionally, you can earn 5% cash back on travel booked through Chase TravelSM.
• 0% introductory APR: For the first 15 months, you’ll enjoy a 0% APR on purchases and balance transfers. This can be particularly helpful if you’re planning a major purchase or consolidating existing debt. After the introductory period, a variable APR of 19.74%–28.49% applies.
• No expiration on rewards: Your cash-back rewards never expire as long as your account remains open. This allows you to accumulate points over time and redeem them at your convenience without pressure.
• Refer-a-friend program: If you already have the Chase Freedom Unlimited® card, you can earn $50 cash back for every friend who successfully applies for a participating Chase Freedom® credit card through your referral. You can earn up to $500 annually through this program.

Standout advantage

One of the standout features of the Chase Freedom Unlimited® card is its 5% cash back on travel booked through Chase TravelSM. This perk is especially beneficial for those who enjoy traveling, as it allows them to maximize their rewards on flights, hotels, and vacation packages. With no cap on how much you can earn, this feature ensures that frequent travelers can turn their expenses into substantial savings, making it a compelling reason to choose this card over others.

Disadvantages

• Foreign transaction fee: A 3% fee applies to purchases made outside the United States, which can reduce its appeal for international travelers.
• High variable APR: After the introductory period, the APR can range from 19.74% to 28.49%, making it less suitable for carrying a balance.
• Limited travel benefits: While the card offers 5% cash back on Chase Travel bookings, it doesn’t provide additional travel-related perks like airport lounge access or travel insurance, which some competing cards offer.

A standout disadvantage

The most significant disadvantage of the Chase Freedom Unlimited® card is its foreign transaction fee. For frequent international travelers, the 3% fee on every purchase made abroad can quickly add up, negating some of the rewards earned. If international travel is a big part of your lifestyle, this aspect might be a dealbreaker, and you may need to explore other options with no foreign transaction fees.

Who can apply for this card?

Applicants must be at least 18 years old and possess a valid Social Security number. A good to excellent credit score, typically 670 or higher, is required to improve your chances of approval. Additionally, you’ll need to provide proof of income, as Chase evaluates your financial stability during the application process. It’s worth noting that this card is not designed for individuals with poor credit or recent financial delinquencies. Furthermore, you’re ineligible to apply if you’ve received a new cardmember bonus for this card in the past 24 months.

How to apply for the Chase Freedom Unlimited® Credit Card

For the website

To apply online, visit the Chase website and navigate to the Chase Freedom Unlimited® card page. Once there, click on “Apply Now” to access the application form. Provide your personal details, including name, address, Social Security number, and income.

You’ll also need to agree to the terms and conditions before submitting your application. Chase typically reviews applications quickly, with many applicants receiving a decision within minutes. If additional information is required, you may need to provide supporting documents, such as proof of income or identification.

Through the app

The Chase Mobile app offers a user-friendly way to apply for the Freedom Unlimited® card. After downloading the app, log in or create an account. Navigate to the “Credit Cards” section, select the Chase Freedom Unlimited® card, and complete the application form. The app allows you to upload documents and track your application status in real-time, making it a convenient option for tech-savvy users.

At the branch

If you prefer a more personal approach, visit a local Chase branch. A representative will guide you through the application process, help you understand the card’s features, and address any questions you may have. This method is ideal for individuals who want in-person assistance or have specific financial needs that require clarification.