13 Chase Freedom Unlimited Benefits: Get the Most Out of Your Card

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Chase offers many of the best rewards credit cards for a wide range of consumers. For instance, Chase Freedom Flex earned a spot as one of the top cash rewards cards in GoBankingRates’ 2022 credit card rankings.

Chase Freedom Unlimited stands out from the rest as GoBankingRates’ top cash back credit card for 2022.  It also made GoBankingRates’ list of top credit cards for 2022, overall.

What makes Chase Freedom Unlimited so great?

For starters, there is no annual fee, and a 0% introductory APR on purchases and balance transfers for the first 15 months — followed by a APR. That makes it easy to start accruing points, which you can trade in for travel, gift cards, merchandise or cash through the Chase Ultimate Rewards portal. Plus, there’s a generous welcome offer.

Read on for a deeper dive into the benefits you’ll receive as a Chase cardholder, in general, as well as some benefits specific to Chase Freedom Unlimited.

Welcome Offer

Once you spend $500 within the first three months of opening your account, you can cash in on a cool $200 in rewards. How is that for free money?

You should be aware that the welcome offer is only available to new cardmembers who do not already have this card and have not received this welcome offer in the past 24 months. That means you can’t open a Chase credit card, claim the bonus offer, close the card and reapply within the following two years.

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Generous Intro APR on Purchases and Balance Transfers

If you’re looking to transfer balances from high interest credit cards or put a large, emergency purchase on a credit card, it’s time to pull out your new Chase Freedom Unlimited card.

Get 0% intro APR on purchases and balance transfers for the first 15 months, followed by a APR. Any transfers made within the first 60 days of account opening will pay 3% or $5, whichever is greater, on balance transfers. After the first 60 days, the balance transfer fee increases to 5% or $5, whichever is greater.

Gas Rewards

Chase Freedom Unlimited is one of the best cards to use if you are trying to find free gas. Right now, Chase is offering 5% cash back on gas station purchases up to $6,000 in your first year.

Generous Cash Back Rewards in Common Spending Categories

Beyond earning 5% back on fuel and other gas station purchases up to $6,000 in your first year, Chase Freedom Unlimited has a fantastic rewards program that delivers cash back in categories where you’re likely to spend the most.

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Earn 5% cash back on travel purchased through the Chase Ultimate Rewards portal. Get 3% cash back on drugstore purchases, plus restaurant dining, takeout and eligible delivery services and 1.5% back on all other qualifying purchases.

That 1.5% back on everyday spending is more than American Express® Blue Cash Preferred and Capital One Savor Rewards — as well as many other cards — offer.

Best of all, with Chase Freedom Unlimited, there is no limit to bonus rewards you can earn apart from the $6,000 limit on gas station purchases in your first year.

No Minimums and No Expiration Dates on Rewards

When you’re ready to cash in your rewards for a statement credit, there is no minimum required for redemption. Rewards never expire as long as your account remains open and in good standing.

Multiple Redemption Options

Redeem your cash back rewards through the Chase Ultimate Rewards portal at a rate of 1 cent per point for gift cards, statement credits or direct deposits, or travel purchases through the Chase Travel Portal. You can also link your Chase card to your Amazon account and use your points to pay for purchases at a rate of 1 cent per point.

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Other redemption options include:

  • Shop at the Apple Ultimate Rewards store
  • Transfer your points to Chase Travel Partners
  • Use your points through Chase Dining
  • Shop through Chase for bonus points

Upgrade Your Points Value

If you have a premium Chase rewards card such as Chase Sapphire Preferred or Chase Sapphire Reserve, your Chase rewards are worth more than one cent per point. You can transfer points earned with your Chase Freedom Unlimited to one of these top-tier cards and then redeem them through the Ultimate Rewards portal at their higher value.

Purchase Protection

New purchases made with your Chase Freedom Unlimited card are protected for up to three months against damage or theft. Claims are only good up to $500, and you can only claim a total of $50,000 per account.

This will not take the place of homeowners or renters insurance but can help if a new item is stolen or damaged.

Zero Liability

You won’t be held liable for unauthorized charges made on your account. You may be responsible for reporting any unauthorized charges. Chase may text or email you about suspicious activity on your account before the bank approves transactions, as well. This gives you the opportunity to catch any fraud before it happens.

Extended Warranty Protection

If you make a big purchase with a warranty of three years or less, Chase will extend that warranty by an additional year. Since large appliances and electronics tend to break shortly after the manufacturer’s warranty expires, this protection can save you hundreds of dollars on home electronics and appliance repairs.

Credit Journey

Chase Credit Journey, available free with your Chase Freedom Unlimited card, makes it easy to keep track of changes to your credit score and also repair and restore your credit in the event of fraud. The service event provides 24/7/365 support and service.

Auto Rental Collision Damage Waiver

Not every credit card offers this protection when you rent a car. The Auto Rental Collision Damage Waiver benefit allows you to decline theft and collision damage insurance from the rental company when you pay for the rental using your Chase Freedom Unlimited card.

This benefit provides secondary insurance after your personal insurance.

Trip Cancellation/Interruption Insurance

Not every credit card offers travel insurance, which sets Chase Freedom Unlimited apart as a premier credit card for domestic travel.

Have your travel costs reimbursed up to $1,500 per person and $6,000 per trip if your trip is canceled or cut short by illness, severe weather and or another covered condition. Reimbursement is good for pre-paid, non-refundable passenger fares.

Travel and Emergency Assistance Services

This benefit can help you find emergency medical or legal help while you’re traveling.

Note that you will still be responsible for covering any associated expenses.

How To Apply

Many websites and credit card user forums say that you can get a Chase Freedom Unlimited card with a credit score as low as 670 — or even lower. This makes the card accessible to people with “good,” rather than “excellent,” credit. However, the higher your credit score, the lower your interest rate and higher your credit limit is likely to be. Therefore, it would benefit you to boost your score into at least the low 700s before applying.

Before you apply, you should understand that Chase follows what is widely known as the 5/24 rule. You cannot have opened more than five new credit cards within the past 24 months if you are looking to have your Chase credit card application accepted.

To Apply

When you’re ready to claim your Chase Freedom Unlimited card, that sweet welcome bonus and all the other benefits, simply visit the Chase website to apply. Navigate to the card webpage and click “Sign in to apply faster” if you already have a Chase account or “Apply as a guest” if you don’t.

Final Take

Chase Freedom Unlimited is a great, flexible credit card with no rotating spending categories to keep track of and generous rewards across the board. Couple this with no annual fees and a welcome offer, and this is a great card to carry for everyday spending.

You’ll want to avoid using the card overseas due to the 3% foreign transaction fee. You’ll also want to make sure to pay off your balance at the end of each month after the introductory period ends, because interest rates can range from APR, depending on your credit.

FAQ

  • What are the benefits of Chase Freedom?
    • Chase Freedom has many benefits, including no annual fee, a generous welcome bonus and 5% cash back rewards on gas up to $6,000 in your first year.
  • Does Chase Freedom Unlimited have travel benefits?
    • Yes. When you book travel through the Chase Ultimate Rewards portal, you'll earn 5% back with your Chase Freedom Unlimited card. Plus, you can redeem points for travel.
  • Which is better, Chase Freedom Flex or Unlimited?
    • At first glance, Chase Freedom Flex and Chase Freedom Unlimited are similar cards. They have very similar benefits, no annual fee, a similar welcome bonus and intro APR. Both are also offering 5% cash back in gas station purchases up to $6,000 the first year.
    • However, Chase Unlimited does not have rotating categories to keep track of. You'll earn 1.5% on everyday purchases. There is also no limit to bonus rewards -- besides gas station purchases -- that you can earn.
    • Chase Freedom Flex provides up to $1,500 in combined purchases in bonus categories like gas stations, grocery stores and select online merchants, each quarter that you activate these categories. But you also get 5% on travel and 3% on dining and drugstore purchases with no limit.
    • Chase Freedom Unlimited offers 1.5% back on everyday purchases while Chase Freedom Flex offers 1%. In terms of benefits, Chase Freedom Flex adds cell phone protection, which is a rare yet highly coveted credit card benefit.
    • If you're looking for a simple, straightforward card, you may lean toward Chase Freedom Unlimited. But Chase Freedom Flex can help you maximize rewards in specific spending categories, while saving on the added expense of cell phone insurance.
  • How do I get the most out of my Chase Freedom Unlimited?
    • You'll get the most out of your Chase Freedom Unlimited by making sure you spend enough to earn your welcome bonus and max out your cash rewards. After that, make sure to book travel through the Chase Ultimate Rewards portal to earn 5% cash back, and use your Chase card at gas stations and restaurants for 3% back.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 11, 2022.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

The information related to Chase Freedom Unlimited, Chase Freedom Flex, Chase Sapphire Reserve and Chase Sapphire Preferred was collected by GOBankingRates and has not been reviewed or provided by the issuer of this product/card. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive commission for this product.

All information about American Express® Blue Cash Preferred has been collected independently by GOBankingRates. American Express® Blue Cash Preferred is not available through GOBankingRates.

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
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