Chase Freedom Unlimited Review: Cash-Back Card for Daily Purchases

Earn cash back with every purchase using this Chase credit card.

JPMorgan Chase is one of the largest banks in the world and the largest bank in the U.S. If you decide to open a credit card with Chase, you can select from almost 30 different cards, each with its own perks and uses. Shoppers who love recouping some of their fallen dollars might want to check out the Chase Freedom Unlimited cash-back features.

Keep reading to see if you should shop with this Chase credit card.

Chase Freedom Unlimited Review

The Chase Freedom Unlimited credit card is a card intended to gain back some of the money you spend on purchases. The card generates an automatic 1.5 percent cash back on every purchase, and this cash is worth points.

Chase Ultimate Rewards

Chase’s cash-back rewards program earns you 100 points for every $1 received in cash back. With the Freedom Unlimited card, you earn 1.5 points for every dollar spent.

Through the Chase Ultimate Rewards program, you can redeem your cash-back rewards for actual cash, which you can use as a credit, shop with points at Amazon, front-load onto gift cards or use for travel.

You can also earn a $150 bonus, worth 15,000 points, after spending $500 on purchases within the first three months of opening an account. You might have to wait six to eight weeks before the reward is credited to your account.

Check Out: 15 Best Debit Card Rewards Programs

Chase Freedom Unlimited APR and Fees

The Chase Freedom Unlimited card carries 0% APR for the first 15 months. After that, APRs range from 16.74 to 25.49 percent, depending on your creditworthiness.

Freedom Unlimited accounts do not require an annual membership fee. A balance transfer carries a fee of $5 or 5 percent of the amount of each transfer, whichever is greater, and a cash advance fee carries a fee of $10 or 5 percent of the amount of each transaction, whichever is greater.

Late payments incur an additional charge of up to $38, as do returned payments.

Pros and Cons of Chase Freedom Unlimited

Chase’s Freedom Unlimited card might seem promising, but it’s important to weigh the advantages and disadvantages before you sign up.

Advantages:

  • Unlimited 1.5 percent cash back
  • Low introductory APR for over a year
  • No annual fee
  • $150 sign-up bonus after spending $500

Disadvantages:

  • High variable APR
  • The low point ratio demands consistent spending
  • No other bonuses outside of 1.5 percent cash back

Is the Chase Freedom Unlimited Credit Card Right for You?

Whether the Freedom Unlimited is one of the best cash-back credit cards depends on your spending habits. As it stands, the card comes with few drawbacks. Low introductory APR plus no annual fee gives you plenty of breathing room to take advantage of the $150 sign-up bonus. Points accumulate consistently with every purchase, but there are no bonus reward categories. Overall, this card best suits those seeking a flat-rate card for everyday spending.

Click through to read about how to get Chase Bank’s best rates.

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This content is not provided by the companies mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by JPMorgan Chase.

Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.