Are there any Chase Freedom Unlimited promotions going on right now?

The Chase Freedom $200 bonus is available to new applicants who spend $500 within 3 months of opening an account. The bonus posts to a cardholder’s account as 20,000 Chase Ultimate Rewards points, which are redeemable for $200 cash back. That’s a 40% return on the money spent to earn the $200 bonus.… read full answer

Even though Chase Freedom is advertised as a cash back card, it’s actually a points card like all other Ultimate Rewards cards. Each point is worth 1 cent no matter how you spend it (e.g. cash back, travel, gift cards). So the value of your initial bonus is always $200. But there are a few other things you should note before getting the card.

Chase Freedom $200 Bonus Info:

• Requirement: Spend $500 in the first 3 months of account opening.
• Eligibility: New Chase Freedom cardholders who have not earned the bonus in the past 24 months.
• Ineligible purchases: Balance transfers, cash advances and cash equivalents like casino chips. Interest, unauthorized/fraudulent charges and fees also do not earn cash back.
• Account standing: Your account must be open and not in default at the time the points are delivered in order to receive them.
• Timeframe: It may take 6-8 weeks for the $200 bonus to show up in your account, once you meet the spending requirement.
• Limited-time offer: The Chase Freedom initial bonus has been higher or lower in the past.

Freedom is a great card for everyday spending too. In addition to Chase Freedom’s $200 bonus, cardholders earn 5% cash back (5 points per $1) on up to $1,500 spent per quarter in bonus categories. Purchases that exceed the quarterly limit earn 1%, as do nearly all other purchases. The first $12,000 that you spend on groceries in the first 12 months is the exception, also providing 5% cash back.

Chase Freedom may no longer be available to new applicants.

No, Chase Freedom Unlimited does not offer a $200 bonus right now. Instead, new cardholders can get an extra 1.5% cash back on everything they buy, up to $20,000 spent in the first year. That could result in up to $300 in additional cash back.

The Chase Freedom Unlimited bonus categories include a wide range of purchases, from drugstores, to dining and traveling. More specifically, this card offers rewards in the following categories:

• Travel: 5% cash back on travel purchased through Chase
• Restaurants and Drugstores: 3% cash back at restaurants (including takeout and eligible delivery services) and on drugstore purchases.… read full answer
• All other purchases: 1.5% cash back on any other purchase, which is about 40% more than the average cash back card will give you.

Ultimately, it is worth noting that your cash back rewards do not expire, for as long as your account is open and in good standing.