No, Chase Freedom Unlimited does not have a monthly fee or an annual fee. There is no cost to own Chase Freedom Unlimited, as long as you avoid interest charges by paying for purchases in full by the due date each month. There are a couple other potential charges you’ll want to avoid, too.
Fees on Chase Freedom Unlimited
Monthly fee: $0
Annual fee: $0
Balance transfer fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after)
Foreign transaction fee: 3% of each transaction in U.S. dollars
Cash advance fee: Either $10 or 5% of the amount of each transaction, whichever is greater.
In all, you won’t have to pay any monthly or annual fees on Chase Freedom Unlimited just to own the card. However, you still may end up paying some fees if you make certain types of transactions, like balance transfers or cash advances.
Chase Freedom Unlimited is a good beginner card for people who already have some credit history – from being an authorized user, for example. The Chase Freedom Unlimited card requires at least good credit for approval, so it is not accessible to people who are just starting to build their credit.… read full answer
Why Chase Freedom Unlimited Is Good for Beginners with Good Credit
Chase Freedom Unlimited offers 1.5 - 5% cash back on all purchases, so its ongoing rewards are simple and easy to manage.
An extra 1.5% on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back.
Chase Freedom Unlimited has a $0 annual fee, so you don’t need to worry about earning enough rewards to offset fees. Higher-tier Chase cards can charge very steep annual fees.
In case you do not meet the credit score requirement for the Chase Freedom Unlimited card, Chase does offer a credit card for people with less-than-good credit. The Freedom Student card from Chase is a great rewards credit card for students with a limited credit history. You can also compare the best beginner credit cards overall on WalletHub.
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.
The Chase Freedom annual fee is $0. The Chase Freedom Unlimited Card’s annual fee is $0, too. The Freedom card offers $200 for spending $500 in the first 3 months. Freedom Unlimited offers an extra 1.5% cash back on everything you buy, up to $20,000 spent in the first year. That could result in up to $300 in additional cash back.… read full answer
The fact that Chase Freedom’s annual fee is $0 might surprise some people. Many rewards cards cost a lot of money. But cards with 0% introductory interest rates tend to have $0 annual fees. And both Freedom cards offer 0% for 15 months on purchases.
But just because Chase Freedom has a $0 annual fee and no interest for a time does not mean it’s always free to use. There’s a 3% of each transaction in U.S. dollars foreign transaction fee, for example, and the regular APR is pretty high: 14.99% - 23.74% (V).
Still, having no annual fee does make the Freedom cards’ rewards seem even more valuable.
Unfortunately, Chase Freedom may no longer be available to new applicants.
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