Chase Freedom Unlimited® is a Visa, not a Mastercard. You can use your Chase Freedom Unlimited Card at nearly 11 million merchants that accept Visa nationwide, and you can use it abroad in more than 200 countries and territories.
There are a few differences between Visa and Mastercard credit cards, such as the network-level benefits they offer, but those differences are relatively small. The two card networks have a lot in common, including extensive worldwide acceptance. As a result, it’s more worthwhile to compare individual credit card offers than to focus on getting a card from a particular network.
Most Chase credit cards are on the Visa network, though there are also a few Chase cards on the Mastercard network, such as the Chase Freedom Flex. In other words, Chase can be Visa or Mastercard, depending on which Chase credit card you have.
Whether you have a Visa or Mastercard credit card doesn’t make much of a difference because both card networks are accepted by nearly all merchants that take credit cards. Given the minimal differences in card acceptance, it’s safe to put more emphasis on unique rewards and benefits when comparing Chase cards.
Chase Freedom Unlimited® is fairly hard to get, as it requires at least good credit for approval, meaning a minimum credit score of 700. The Chase Freedom Unlimited card is even harder to get with scores lower than that. Applicants for Chase Freedom Unlimited will also need an annual income that demonstrates an ability to make at least the card’s minimum payment every month. In addition, Chase considers factors such as your existing debt, monthly housing payment amount, and number of recently opened credit accounts, among others.… read full answer
Applicants will also need an annual income that demonstrates an ability to make at least the card’s minimum payment every month. In addition, Chase considers factors such as your existing debt, monthly housing payment amount, and number of recently opened credit accounts, among others.
You can get a better idea of how hard it will be to get a Chase Freedom Unlimited card through Chase’s online pre-qualification tool. You’ll know in a matter of seconds what your odds are of getting Chase Freedom Unlimited and other Chase credit cards, based on the information you enter. Plus, pre-qualification doesn’t affect your credit score, as the process is done using a soft inquiry.
Being pre-qualified is not a guarantee that you’ll get a Chase Freedom Unlimited card, so you will have to submit an application to know for sure. If you do apply for the Chase Freedom Unlimited card, Chase will do a hard inquiry on your credit report. This type of inquiry will knock a few points off your credit score but only temporarily.
Major credit cards are any cards that belong to one of the big four credit card networks: Visa, Mastercard, American Express and Discover. That’s what stores mean by “we accept all major credit cards.” A major credit card will almost always show the logo of its network on the front. In some cases it’ll be on the back. If a card doesn’t have such a logo, it’s likely a … read full answerstore card that can only be used at a specific retailer.
Some major credit cards can also be considered more “major” than others, depending on the issuer. The 15 largest credit card companies account for more than 75% of all outstanding balances. So a Visa, Mastercard, American Express or Discover card from one of those companies, like Chase or Capital One, might fit the description of a major credit card best.
There are dozens of other banks and credit unions that issue credit cards, but their products are less popular. Major credit cards from the top issuers are the product of large-scale operations, after all. And they often provide perks to match, from better rates, rewards and fees to an easy-to-use website and free mobile app.
Here’s what you need to know about major credit cards:
Major credit cards are those on the Visa, Mastercard, American Express and Discover networks.
You can usually see the logo of your credit card network on the front of your card. Sometimes it is on the back. If there is no logo, you likely have a store card that only works at a specific retailer.
Most U.S. merchants accept all major credit cards. But American Express lags behind the others by about 1 million locations.
Visa and Mastercard are accepted virtually everywhere in the world. Discover cards work in 185 countries and territories. American Express cards work in 160+. Discover and Amex aren’t necessarily widely accepted in all the countries that take them, either.
American Express and Discover issue credit cards, in addition to serving as card networks. Visa and Mastercard do not.
Chase, Bank of America, Capital One, Citi, Wells Fargo and U.S. Bank are among the other major credit card issuers.
When picking a major credit card to use, it’s easy to narrow your search down. If you don’t plan to travel much, any network will do. But if you’re going to use your card abroad a lot, Visa and Mastercard are the safest bets.
By the way, it’s worth noting that Visa, Mastercard, American Express and Discover aren’t the world’s only major credit card networks. There’s also the likes of India’s RuPay and China’s UnionPay, for example.
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.