There is no Chase Freedom Unlimited over the limit fee, normally, because Chase’s default policy is to not allow cardholders to spend more than their credit limit. But that could change if a cardholder “opts in” to spend above their limit. If a cardholder opts in, Chase will charge $25 the first time their Chase Freedom Unlimited card’s balance goes over the credit limit. The fee may increase to as much as $35 for any additional over the limit transactions within the following 6 months.
It’s best to avoid transactions that come anywhere close to going over your credit limit. The amount of credit you use affects your credit score. The general rule of thumb is to maintain a utilization ratio of less than 30%, not just for your Chase Freedom Unlimited card, but for all of your credit cards.
The Chase Freedom Unlimited minimum payment is $35 or 1% of your revolving balance, plus interest and fees, whichever is greater. If your balance is less than $35, your Chase Freedom Unlimited minimum payment equals the amount you owe.
If you don't make at least your minimum payment by the due date, you'll be charged a late fee up to $28. If you incur another late payment within six billing periods, you'll be charged a late fee of up to $39.
Chase discontinued the Chase Freedom Unlimited price protection benefit for both new and existing cardholders on 8/26/2018. Chase Freedom Unlimited price protection used to refund the difference between the price paid for an item and a lower sale price found by the cardholder in the next 90 days. So, it guaranteed the best price on items bought with the card. But that benefit is no longer available.… read full answer
In case the Chase Freedom Unlimited price protection benefit ever comes back, it’s important to know the program’s rules and how to file a claim. There were some restrictions. The coverage level was up to $500 back per item and $2,500 per year. And the lower price must have appeared within 90 days of the original purchase. Ineligible items included motorized vehicles, cell phone contracts, pre-owned items, jewelry, antiques and a few others.
When Chase Freedom Unlimited price protection was still active, customers could file a claim by calling (888) 320-9656 within 21 days of seeing a lower price. Then, they needed to fill out the claim form and return it within 45 days. They also needed to include items such as sales and credit card receipts, a copy of the advertisement, and any other requested information. If everything checked out, Chase reimbursed the price difference within 60 days of receiving the complete claim.
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