Yes, Chase Freedom Unlimited currently offers 5% cash back on travel booked through Chase. In addition to its 5% cash back categories, Chase Freedom Unlimited gives at least 1.5% cash back on other types of purchases.
More specifically, Chase Freedom Unlimited offers:
INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
You earn Chase Freedom Unlimited points, but they’re meant to function like cash back. Basically, is part of the Chase Ultimate Rewards program, which is a points-based system that lets you trade your points for cash back. So, the 1.5 points you get for every $1 you spend are the equivalent of 1.5% cash back.… read full answer
You may see cash back instead of points in Chase marketing materials when referring to the rewards you earn for Chase Freedom Unlimited, but just look at it as getting more options. You can get cash back, sure, but you won’t lose value if you choose to use your points for something else. It’s actually not too complicated once you know all the details.
Here’s how the points work:
You get 5% cash back on travel through Chase, 3% back at restaurants and drugstores, and 1.5% back on all other purchases (plus an additional 1.5% cash back on everything, up to $20,000 spent the first year), with no limit on the number of points you can earn.
You can trade your points for cash back, gift cards or travel at a rate of 1 cent per point.
There is no minimum number of points needed to redeem for cash back. You can redeem any number of points for travel and pay any leftover balance with your card. For gift cards, points will depend on the cost denomination.
You can redeem your rewards by logging into the Chase Ultimate Rewards portal and selecting the type of redemption you want.
Your points will not expire as long as your account is open. But you will lose them if you close your account before redeeming. You will also lose them if Chase closes your account for any kind of fraud, abuse or lack of payment.
Most Chase Freedom Unlimited cardholders redeem their points for cash back. However, Chase Freedom Unlimited isn’t necessarily the best cash back credit card on the market. While it does give you a respectable 1.5% rate, you might also want to consider Citi Double Cash Card, which gives you 2% cash back on all purchases.
The Chase Freedom Unlimited® credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Chase Freedom Unlimited Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Chase Freedom Unlimited Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Chase Freedom Unlimited credit score requirement. You can check your credit score for free on WalletHub.
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