The Chase Freedom Unlimited balance transfer fee is: Either $5 or 5% of the amount of each transfer, whichever is greater.
Here's what you need to know about Chase Freedom Unlimited balance transfers:
Balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater
Balance transfer APR: 14.99% - 23.74% (V), depending on creditworthiness
Balance transfer limit: $15,000, or your card's total credit limit, whichever is less. Chase may decline any balance transfer request over the approved limit or send less than the full amount requested to the designated payee.
How to: You can check to see if you're eligible for a balance transfer and request one through your online account.
Exception: You can't transfer a balance from another Chase credit card or loan to Chase Freedom Unlimited.
Processing time: It may take up to three weeks to process balance transfers, so make sure you continue to make payments to your other account(s) until the balance transfer has been confirmed.
It's worth noting that Chase Freedom Unlimited balance transfers incur an interest rate between 14.99% - 23.74% (V), depending on your creditworthiness. Chase Freedom Unlimited was designed as a cash back credit card that also features an attractive introductory purchase APR of 0% for 15 months. If you're after a balance transfer credit card with good rates, take a look at our editors' picks for the best balance transfer credit cards. While the most attractive feature of a credit card that offers good balance transfer rates is the length of its 0% introductory balance transfer APR period, you can also take a look at the best credit cards with no balance transfer fees.
The most important thing you should know before doing a Chase Freedom Unlimited balance transfer is that the card’s regular APR is 14.99% - 23.74% (V) and its balance transfer fee is: Either $5 or 5% of the amount of each transfer, whichever is greater.
Chase only allows you to transfer credit card debt, and you cannot transfer balances from one Chase credit card to another.… read full answer
To do a balance transfer after you’ve gotten the Chase Freedom Unlimited card, log in to your online account, click the “Things you can do” drop-down menu on your account details page, and select “Transfer a balance.” Enter the credit card number with the balance you want to transfer and the transfer amount. Then, click “Continue,” verify your information, and submit the balance transfer. Or, you could request a Chase Freedom Unlimited balance transfer by phone, by calling customer service at (800) 432-3117.
If you’re thinking about applying for Chase Freedom Unlimited, there’s an option to request a balance transfer on the application. From the balance transfer section of the app, enter the existing card’s number and how much you want to transfer. Just know that balance transfers are not guaranteed even if you’re approved for the card.
It’s also important to understand that a Chase Freedom Unlimited balance transfer, including transfer fees, is limited to your available credit or $15,000, whichever is lower. If your balance transfer exceeds the approved limit, Chase will usually reject the transaction. In some cases, they may adjust a transfer request to an amount less than the maximum allowed. Balance transfers can take up to three weeks to process, so be sure to keep up payments on your other accounts until the transfer goes through.
The Chase Freedom Unlimited annual fee is $0. That means there’s $0 cost each year for the privilege of owning the card, and all the rewards cardholders earn can be pure savings. Chase Freedom Unlimited offers 1.5 - 5% cash back, along with a $200 initial bonus after spending $500 within the first 3 months.… read full answer
An annual fee is a charge common with high-tier rewards cards. Issuers apply the fee to a cardholder’s account once a year to help offset the cost of those perks. But Chase Freedom Unlimited still has a $0 annual fee despite its above-average earning rate.
There are, though, some costs associated with the card. For example, Chase Freedom Unlimited charges a balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater. There’s also a foreign transaction fee of 3% of each transaction in U.S. dollars. And if you carry a balance once the intro rate expires, you’ll owe interest at the card’s regular APR of 14.99% - 23.74% (V).
The Chase Freedom Unlimited credit limit is $500 or more for everyone who’s approved. The most creditworthy applicants can get starting credit limits of $5,000 or higher. Chase Freedom Unlimited cardholders who start with a limit of at least $5,000 get the Visa Signature version of the card instead of a Visa Platinum card. Signature cards come with a few more supplemental benefits from Visa. … read full answer
Chase doesn’t publicly disclose a maximum credit limit for the Chase Freedom Unlimited card. But some customers have said that they have received limits of $20,000 or higher. If you want a limit that high, you’ll need spotless credit, a very high income to afford the payments and low existing debt. Just keep in mind that no matter what limit you get, it’s not permanent. You can ask Chase for a Chase Freedom Unlimited credit limit increase by calling the number on the back of your card. It’s best to try that after at least half a year of on time bill payments.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.