Chase Freedom Unlimited℠
"The real value of having the card in your portfolio is to pair it with the Chase Sapphire Preferred."
The beauty of the Chase Freedom Unlimited credit card is its simplicity. There are no bonus categories for you to keep track of or promotions for which to register. You’ll simply earn 1 Chase Ultimate Rewards points for every dollar you spend.
When it comes time to redeem your points, you’re in charge. You can apply cash back to your statement or on a spending spree with your points on the Chase Ultimate Rewards travel portal. You’ll also jump-start your earnings with a nice sign-up bonus of 15,000 points, worth $150 , when you spend $500 in the first 3 months after your Chase Freedom Unlimited application is approved.
Having the Chase Freedom Unlimited credit card in your wallet for purchases that do not fit into the bonus categories of your other credit cards is a real plus as it gives you a solid 1 points per dollar on those non-bonus category purchases. The fact that the Chase Freedom Unlimited credit card has no annual fee just adds to its simplicity and appeal.
Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Chase Freedom Unlimited℠ offers and the value of the Chase Ultimate Rewards® points you earn.
If you do not have the Chase Freedom Unlimited card and you have not received the sign-up bonus in the past 24 months, you can apply for this card. Once you’re approved and spend $500 in the first 3 months, you’ll receive 15,000 points that are worth $150 cash back. Adding an authorized user to your card in the same first 3 months will earn you another 2,500 Ultimate Rewards points after they make their first purchase. You can earn additional bonus points per dollar when you shop through the Chase Ultimate Rewards Mall and pay with your card.
What You Get
- Earn 15,000 points after you spend $500 on purchases in the first 3 months
- You’ll earn 2,500 points if you add an authorized user and they make a purchase within this same 3 -month period.
Cash back points do not expire as long as your Chase Freedom Unlimited card account is open. The good news is that your cash back points, which are Ultimate Rewards points, can be transferred to another Ultimate Rewards earning credit card and be kept alive.
What is the value of the Ultimate Rewards® Points?
If you utilize the Chase Freedom Unlimited as strictly a cashback card, you’ll still receive decent value. You may, however, find greater value redeeming points through the Ultimate Rewards travel portal. Either redemption option equates to one cent per point in value, but you may find a deal through the travel portal that makes your points go further.
What is CPM and How Is It Calculated?
Cents Per Mile (CPM) is a way to measure the value of miles or points. It tells you how many cents you get for each mile or point you redeem by dividing the cash price of the airline ticket by the number of miles or points the award flight costs. That amount is multiplied by the number of miles or points earned per dollar spent on everyday purchases to account for cards that earn more than one mile per dollar spent.
How we calculate CPM:
The final result:1.50cpm
The Best Ways to Redeem Chase Freedom Unlimited℠ Points
Redeeming your points for cash back may seem like the best redemption option. However, you can also utilize the Chase Ultimate Rewards travel portal to redeem for flights, hotels, car rentals and experiences. One sweet spot on the travel portal is hotels. You can occasionally find hotels that can be purchased with points for far less than you can book for cash on the hotel’s web site.
Atlanta–Fort LauderdaleEconomy class
Miles price14,700points+$0 fee
Washington–Los AngelesEconomy class
Miles price33,700points+$0 fee
Miles price99,400points+$0 fee
Miles price52,700points+$0 fee
San Francisco–SeoulEconomy class
Miles price121,100points+$0 fee
Las Vegas–San JoseEconomy class
Miles price27,680points+$0 fee
Los Angeles–HonoluluBusiness class
Miles price85,400points+$0 fee
Miles price55,100points+$0 fee
Miles price41,100points+$0 fee
Miles price80,000points+$646 fee
New York–MoscowBusiness class
Miles price140,000points+$0 fee
New York–Punta CanaBusiness class
Miles price88,600points+$0 fee
Other ways you can redeem points
You can book a wide selection of hotels through Chase’s online travel portal.
Car rentals can also be booked with various companies through the Ultimate Rewards website.
Gift Cards126 partners126 part.
There are dozens of gift cards to choose from starting at 500 points.
Each point you earn equals 1 cent cash back. You can take the cash back in the form of a statement credit or transfer it to your bank account.
You can shop for merchandise on Amazon, but your points will be worth less than one cent each.
Everyday earning with the Chase Freedom Unlimited card is simple. You won’t have to keep track of special earning categories or remembering to register for limited-time bonus categories. If you’re earning only one point per dollar for any purchases you make with your current credit cards, you should consider getting the Freedom Unlimited and getting 1 Ultimate Rewards points instead. Points add up even quicker when shopping through Ultimate Rewards Mall where you will receive additional points per dollar spent by paying with your Chase card.
Your Monthly Charges
Rewards You Will Earn Annually36,000points$360in dollar value
- All Other Purchases
Provides that extra layer of protection and acceptance when traveling.
Auto Rental Collision Damage Waiver
Charge the entire rental cost to your Freedom Unlimited card and receive coverage.
Foreign Transaction Fee
You’ll receive a 3% charge on all transactions outside the U.S.
Earning Elite Status
Since the Chase Freedom Unlimited card is not affiliated with any airline or hotel loyalty awards programs, earning elite status is not possible. However, the Ultimate Rewards points you earn with the card can be used to purchase airline tickets through the Ultimate Rewards travel portal. Since the tickets you purchase are the same as you would purchase using cash, you can potentially earn status miles in the airline’s loyalty program.
Fees: the cost of Having the Card
Since there is no annual fee for the Chase Freedom Unlimited card, you won’t have to spend a certain amount on the card each year to cover the cost.
- Annual Fee:
- Balance Transfer Fee:
- Either $5 or 5% of the amount of each transfer, whichever is greater.
- Foreign Transaction Fee:
- 3% of each transaction in U.S. dollars.
- Late Payment Fee:
Up to $15 if the balance is less than $100; up to $27 if the balance is $100 to less than $250; up to $37 if the balance is $250 or more.
Chase Freedom Unlimited℠ is a no-fee card. You do not have to earn a certain amount of rewards in order to cover the cost since it’s free.
These estimates are based on an annual monthly spend of $2,000
Foreign Transaction Fees-$0
Rewards Earned First Year$510
Foreign Transaction Fees-$0
Rewards Earned Second Year$360
Top 5 Benefits of the Chase Freedom Unlimited℠ Card
The Chase Freedom Unlimited card is a good everyday spending card that simplifies the point-earning process and gives you cash back. Since there is no annual fee you won’t be wondering if it’s worth keeping when renewal time comes around. You’ll also find that when it comes time to redeem your points, it’s a hassle-free process.
- Simple and Unlimited Earning: Every dollar you spend earns 1 Ultimate Rewards points. No need for you to keep track of bonus categories or special promotions. There is also no limit on how much you can earn.
- Increased Point Values When Combined with a Premium Chase Credit Card:While the Chase Freedom Unlimited offers good point-earning potential, the best redemption value is when you transfer the Ultimate Rewards points earned on the Freedom to a premium Chase card, such as the Sapphire Preferred, that will allow you to redeem points at a higher value through the travel portal or by transferring to an airline partner.
- Easy to Redeem: Get a statement credit with your points or purchase travel through the Ultimate Rewards travel portal. You can also redeem for gift cards.
- Valuable Sign-Up Bonus: This card comes with a sign-up bonus of 15,000 points. That translates into $150 when redeemed for cash.
- No Annual Fee: A really nice feature of this card is that it has no annual fee, which means you won’t have to spend a certain amount on the card to offset the cost.
Should You Get the Chase Freedom Unlimited℠?
Since there is no annual fee, Freedom Unlimited is a good card for your everyday spending. There are, however, other cards that earn more points per dollar for specific bonus categories, such as travel, office supplies, dining, gas and groceries. If you spend a lot in these categories, you’re not going to receive the same level of rewards with the Freedom Unlimited card. The real value of having the card in your portfolio is to pair it with the Chase Sapphire Preferred or other premium Chase credit card. Doing so maximizes the redemption power of the points you’ll earn with the Freedom card and allows you to earn more for purchases not covered by the premium card’s bonus categories.
Another factor to consider in applying for the Chase Freedom Unlimited card is the Chase 5/24 rule. If you’ve opened more than five credit cards in the past 24 months from any issuer, you may not be approved for certain Chase cards. So choose your cards wisely.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
The Chase Freedom Unlimited card is fundamentally a cashback card, so your natural reaction when it comes time to redeem your points might just be “show me the money,” and you wouldn’t be wrong. The option to apply cash back as a statement credit or have it transferred to your bank account might be right on.
The amount of cash back you’ve earned is tracked in your Ultimate Rewards account that can be accessed by logging into your Chase account. One point earned equals one penny for redemption. Simply select Use Points in your account and you’ll see the cash back option. You can direct deposit the cash into most U.S. checking and savings accounts. You can also redeem your points for a statement credit. Statement credits directly reduce your balance but don’t relieve you from having to make the minimum payment due. Cash back redemptions can take up to 3 days to hit your account, so plan accordingly.
So you’re ready to travel! The short answer is yes, you can redeem your points for flights. The points you’ve earned on your Chase Freedom Unlimited card will show up in your Ultimate Rewards account and will be ready for you to use.
Travel redemptions are completed via the Ultimate Rewards travel portal. You’ll need to log in to your Chase account and click through to your Ultimate Rewards account. Select Use Points, and then Explore and Book Travel. You will be able to search for flights, hotels and even experiences that you can pay for with points. Don’t worry if you do not have enough points to cover your entire purchase; you can use a Chase credit card to pay for any remaining balance after the points are deducted from the price.
The points earned with your Freedom Unlimited card can be redeemed for one cent per point, but you can receive greater value if you also carry a premium Chase card, such as the Sapphire Preferred or Sapphire Reserve. This combination allows Ultimate Rewards points earned on the Freedom Unlimited card to be transferred to the premium card account where you will be able to redeem the points for more. The Preferred card offers a 25% bonus, and the Reserve gives you a 50% bonus. You will also be able to transfer points to flight and hotel partners.
- Since I can earn 1.5 points on every purchase, should I get the Chase Freedom Unlimited and use it for all my credit card spending?
The Chase Freedom Unlimited is a good card for everyday spending over cards that only earn 1 point per dollar spent. There’s also the benefit of not having the added expense of an annual fee. However, there are better cards out there that offer greater earning potential on bonus categories, such as 5X on office supplies, 3X on travel, 2X on dining and more. The best use of the Chase Freedom Unlimited card is for purchases that do not fit into the bonus point categories on your other credit cards.
If you do not have another credit card, you can certainly build a bank of Chase Ultimate Rewards by securing the sign-up bonus from the Freedom Unlimited. You can use it for everyday spending then supplement it by adding the Chase Sapphire Preferred card for increased earning potential, greater transfer options and increased redemption values.
With no annual fee the Chase Freedom Unlimited and the standard Chase Freedom are compelling cards to own. Combine either of these cards with the powerful redemption value and flexibility of the Chase Sapphire Preferred Card and you’ll have a winning rewards strategy.
Other Chase Freedom Unlimited cards
|Chase Sapphire Preferred® Card||Chase Freedom® Card|
|50,000 points||15,000 points||15,000 points|
|$0 Intro fee for the first year. After that, $95||$0||$0|
APR On Purchases
|16.99% to 23.99% Variable±||15.99% to 24.74% Variable±||15.99% to 24.74% Variable±|
Second Year Value
If you’re looking for a credit card with no annual fee, either the Chase Freedom Unlimited or the Chase Freedom card is a good choice. The Chase Freedom offers elevated 5X earnings on quarterly bonus categories and 1 point per dollar for everything else. The Chase Freedom Unlimited simply earns 1 points for every purchase with no bonus categories to keep track of.
If you’re a traveler, you’ll probably want the added benefits offered by the Chase Sapphire Preferred card. You’ll receive 1 X point earnings on travel purchases, such as airfare and hotels, and for dining out.
The Chase Sapphire Preferred card also offers the best redemption value with a 25 percent bonus when redeeming points through the Ultimate Rewards travel portal. For instance, a $400 airline ticket costs 40,000 points if you have just the Freedom card. The same $400 ticket would cost just 32,000 points utilizing the Chase Sapphire Preferred card. The good news is that Ultimate Rewards earned on the Freedom cards can be transferred to the Chase Sapphire Preferred card for increased redemption value and flexibility.
The Chase Sapphire has a $95 annual fee that’s waived the first year. Since you’re earning the equivalent of $625 worth of travel with the sign-up bonus, there’s good value in getting the card. The Chase Sapphire combined with either of the Freedom cards offers the greatest earning potential and redemption advantages.
Compare the Chase Freedom Unlimited℠ to Other Cards
While none of the cards highlighted below charge an annual fee, your spending habits and redemption preferences will ultimately determine which card is better suited for you. When redeeming your hard-earned points, you’ll also want to get the best value. The Chase Freedom Unlimited fares best overall, particularly if it’s combined with the Chase Sapphire Preferred and the increased redemption value it offers.
Although the Discover it Miles card doesn’t offer a sign-up bonus, it does match your point earnings at the end of the first year of holding the card. This benefit could be an equalizer or better, depending on your level of spending.
When you look at earning potential, the Chase Freedom Unlimited and the Discover it Miles cards each earn 1 points per dollar spent. The Citi ThankYou Preferred card earns just 1 point per dollar for most purchases and 2 points per dollar for dining and entertainment categories. The VentureOne by Capital One earns 1 points per dollar and has no bonus categories.
When it comes time for redemption, you’ll notice stark differences between these cards. All of the cards except Citi ThankYou Preferred offer the option to redeem points for statement credits toward travel purchases at one cent per point. The Citi ThankYou Preferred card redeems at .5 cents per point for statement credits. The big advantage of the ThankYou Preferred card is that you can transfer points directly to all of the ThankYou Rewards program’s airline and hotel partners.
The Chase Freedom Unlimited wins big over the other card options above when you also hold a premium Ultimate Rewards card, such as the Chase Sapphire Preferred card. The combination allows Ultimate Rewards to be transferred and redeemed with a 25% greater value on the Ultimate Rewards travel portal. Chase Ultimate Rewards can also be transferred to various hotel and airline partners.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Excellent credit score
IssuerJPMorgan Chase & Co.
Pay with pointsYes
Loyalty ProgramUltimate Rewards®
Flights TypeDomestic and International
AllianceStar Alliance, SkyTeam, OneWorld
Card Terms and Conditions
While it's easy to focus on the rewards offered by the Chase Freedom Unlimited℠, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with the Visa card.
- Intro APR:
- 0% intro APR for 15 months
- Intro APR for balance transfers:
- 0% intro APR for 15 months
- Ongoing APR:
- 15.99% to 24.74% Variable±
- Minimum Grace Period:
- 21 days
- Extended Warranty Protection:
- Extends the original manufacturer’s U.S. warranty by one additional year on warranties of three 3 years or less.
- Purchase Protection:
- Damage and theft protection is provided for your new purchases for up to 120 days. Limits are $500 per claim and $50,000 per account.
- Price Protection:
- For purchases in the U.S., you can be reimbursed if the price is advertised for less within 90 days. This includes print and online advertisements and reimbursements are limited to $500 per item, for a maximum of $2,500 per year.
Cash Advance Features
- Ongoing APR:
- 25.74% Variable ±
- Cash Advance Fee:
- Either $10 or 5% of the amount of each transaction, whichever is greater.
Security and Protections
The Chase Freedom Unlimited card features online access to set up customized account alerts on your card, a mobile banking app to keep track on the road and the added security of chip technology. Having access to online security features is a big plus when you’re traveling.
- Customized Account Alerts:
- Set up alerts for any unusual activity on your account.
- Convenient Banking on the Go:
- Having chip technology adds a layer of security and greater acceptance at chip enabled terminals.
- EMV Chip Technology:
- Go paperless so no one could access your account information by intercepting your mail.
The Chase mobile banking app keeps track of your Freedom Unlimited card account on your smart phone. Mobile banking is a convenient way for you to check transactions, set alerts and make payments on the card. Wherever you are, it’s easy to monitor your account.
- Digital Payments:
- The Freedom Unlimited card is compatible with Apple Pay, Android Pay and Samsung Pay.
- Chase Mobile Banking:
- Download the app to your smart phone and be able to access your Freedom Unlimited account on the go.
Additional Cardholder Benefits
The Chase Freedom Unlimited card offers a solid set of Visa Signature benefits. Use your card for your travel purchase and you’ll receive additional coverage should things go wrong while you’re traveling. While it’s not necessarily a replacement for purchasing travel insurance, it can help if you have unexpected expenses.
Visa Signature Travel Benefits
- Auto Rental Collision Damage Waiver:
- Refuse the rental agency’s coverage and pay for your rental car with your Freedom Unlimited card. Coverage is provided for theft and collision for most rentals in the U.S. and abroad. Coverage is secondary to your personal insurance for rentals in the U.S.
- Trip Cancellation and Interruption:
- If your trip is cancelled or interrupted by sickness, severe weather or other covered situations, you may qualify for reimbursement of pre-paid, non-refundable travel expenses up to $5,000 per person and $10,000 per incident.
- Lost Luggage Reimbursement:
- Coverage is provided for the cardholder and your immediate family members on the same travel itinerary. Receive up to $3,000 if the carrier damages or loses your bags.
- Roadside Dispatch:
- Roadside assistance, including lockout service, towing, jumpstart and gas delivery, is available at a discounted price.
- Travel Accident Insurance:
- Pay for your train, bus, air or cruise ship transportation with your Freedom Unlimited card and receive accidental death or dismemberment coverage of up to $250,000.
- Travel and Emergency Assistance Services:
- If you need medical or legal referrals or other travel emergency assistance, help is available 24 hours a day. You’ll be responsible for the cost of goods or services received.