Overview Of The Chase Freedom Unlimited℠‎ Card

The Chase Freedom Unlimited℠ card comes with a host of features that initially seem a little lackluster; $150 welcome bonus, 1.5% unlimited cashback (many cards are offering 2% cashback), and no annual fee. However, scratch the surface, and you find that the card, when paired with a fee-paying Ultimate Rewards card, can be a Chase Ultimate Rewards earning monster.

Card Overview

  • $150 bonus after spending $500 in the first 3 months of card membership
  • $0 annual fee
  • Earn 1.5% cashback on all purchases (no limit)
  • The ability to convert your points to Chase Ultimate Rewards
  • $25 bonus after the first authorized user who makes a purchase within three months
  • 0% APR for the first 15 months of card membership
  • After 15 months variable APR between 74% and 25.49%


Welcome Bonus

The Chase Freedom Unlimited℠ comes with a $150 welcome bonus after spending $500 in the first three months of card membership. The bonus is not earth-shattering, but at the same time, it is not to be sneezed at. Keep in mind you can transfer the $150 to 15,000 Chase Ultimate Rewards points, which will give you much better value.

Unlimited 1.5% Cashback

The Chase Freedom Unlimited℠ card’s main feature is the ability to earn 1.5% unlimited cashback. This rate is not outstanding by itself, and you can find plenty of cards offering slightly higher rates, including the card’s brother the C. Most cards offering higher rates tend to have a money or time limit on the enhanced earning, and more importantly, the cash back earned is not as flexible as that earned from the Chase Freedom Unlimited℠ .

Converting To Ultimate Rewards

Holding the Chase Freedom Unlimited℠ by itself, all you will earn is cashback. On the other hand, if you pair the card with a fee-paying Chase Ultimate Rewards card like the Chase Sapphire Preferred® or the Chase Sapphire Reserve® , then you can convert your cashback into Ultimate Rewards points at a rate of $1 to 100 Ultimate Rewards points, as per the Chase terms and conditions.

Chase Sapphire Cards
Chase Sapphire Cards

This flexibility means that the Chase Freedom Unlimited℠ can be a great Ultimate Rewards earner. Spending $1,000 with another Ultimate Rewards earning card would earn you 1,000 points (assuming a 1X earning rate). Spending the same amount with the Chase Freedom Unlimited℠ would yield $15 in cash back, which converts to 1,500 Ultimate Rewards points, which is a 50% better earning rate.

Annual Fee

The Chase Freedom Unlimited℠ comes with no annual fee, which makes the card pretty attractive considering its earning potential.

Application Restrictions

The Chase Freedom Unlimited℠ is subject to the 5/24 rule. So, you will have to make sure that you are within the rule limitations before applying for the card.

Redemption Options

You can take your rewards as cashback or points; however, as stated earlier, you can take the points generated by the Chase Freedom Unlimited℠, and if you hold another fee-paying Chase Ultimate Rewards card, you can convert them to Ultimate Rewards points. Ultimate Rewards points are flexible and can be transferred to several airline and hotel loyalty programs or redeemed directly with the Chase travel portal.


Final Thoughts

The bottom line with the Chase Freedom Unlimited℠   is it should be in the wallet of every Chase Ultimate Rewards aficionado, along with fee-paying cards like the Chase Sapphire Reserve® or the Chase Sapphire Preferred®. One of the benefits of the Ultimate Rewards program is that holding several cards leads to the whole package being greater than the sum of its parts.

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