For those people interested in acquiring the Chase Freedom Unlimited credit card, there are some things you need to know first. While all of these features and benefits sound really good, the question you should be asking is if it is good for you. You can’t just say that it is good because people say it is. You have to know first all you are getting before actually getting it.
So here is an article for all the things you need to know about Chase Freedom Unlimited. Make sure you read all of it because once you are in then you are in a great deal. So be smart and know the benefits and the negatives as well before making a decision.
What is Chase Freedom Unlimited?
The Chase Freedom Unlimited card is a Chase credit card that offers flat rate 1.5% cash back on all your spending categories. It is a first tier type of card that belongs to Chase’s Ultimate Rewards family of cards. It has a big signup bonus of $150 if you spent $500 within the first three months. Plus, another $25 if you add another authorized user and make a purchase within also the first three months.
Here are some of the basic features that you should know first before everything else. See if these will fit your needs.
- Unlimited 1.5% cash back on all purchases.
- The 1.5% is a straightforward rewards program with no earning caps or rotating categories.
- $150 sign-up bonus if you spend $500 within the first three months.
- Plus $25 cash back if you add another authorized person to use your card and will make purchases using the card within the first three months.
- Zero annual fees.
- It is easy to manage and basically simplified for all users. Everything is straightforward as it is.
- Unlimited cash back rewards.
- Simple policy for cash back redemption.
- Huge sign-up bonus
- Even better value if you are an existing Chase Sapphire Preferred credit card as you may use your points to purchase other services as well.
- The zero annual fee is real.
Of course, it will not be fair if we do not discuss the cons. Fortunately for you, there are not many cons. But still, the cons, while they are few, do not mean that they can be the perfect value. That will depend on your preferences.
- No bonus categories to help you maximize your rewards.
- If you are a power user in terms of rewards, this will not be your best choice. Instead, go for the Chase Freedom card. It has 5% cash back in rotating quarterly categories. The 1.5% is fixed and will not change no matter how much you purchase.
- You can take full advantage of its benefits if you are also a Chase Sapphire Preferred card holder. Otherwise, you are stuck with the flat rate cash back rewards.
- You cannot use this card when you go abroad.
- Not advisable for people who want to use this to pay off large amount debts. This is because If you want to purchase a service or an item internationally, you will be charged extra 3% (in dollars) for every transaction you make.
- This card also charges $5 or sometimes 5% of the amount you want to transfer to other credit cards or accounts.
- Chase has strict rules when applying for this card. So if you do not have a good credit standing, you better off choosing other cards. To know your credit score, visit Chase Credit Journey.
If those scenarios above bother you a lot, this Chase Freedom Unlimited card is not for you. But if those do not apply to you, then perhaps it is good that you found this article to help you out with your decision. You may visit Chase’s official website and fill up some forms to get started.
Is this for you?
- If you want to keep things simple with your purchases and rewards without worrying of any rotating schemes and categories, then Chase Freedom Unlimited is worth your attention and consideration
- And if you are one of those people that use only one card for all the purchases and transaction, this is also for you.
- If you have a bonus category card and you are looking for a flat rate card to maximize your rewards, this should be one of your top three lists.
- And if you belong to those types of people who want to collect ultimate reward points, then here is your blessing card for that purpose.
As mentioned earlier, not all people would benefit from this credit card. So you better make sure that you are getting this card because you are aware of what is at stake. Something that sounds good does not mean that it is also good for you. It may be for others but not for you. If you want to know more, just contact Chase Customer Service and they will provide you answers that this article cannot give.
Now, if all the benefits here ring your bell and all the cons do not seem to apply to you, then it is high time that you decide to get it as soon as possible. For this articles question, why do you think Chase Freedom Unlimited is a good choice for you? Tell us what you think in the comment section. We appreciate shared ideas and thoughts with you guys. And we will also respond from time to time so you would know that we are reading your comments.