To maximize Chase Freedom Unlimited, make sure to earn the initial bonus, use the card for everyday spending, and take advantage of the travel, dining, and drugstore bonus categories. You should also pay your statement balance in full every month after the first 15 months, when the 0% purchase APR period expires.
In addition, Chase Freedom Unlimited is a great card to pair with other Chase credit cards that earn Ultimate Rewards points. For instance, Chase Freedom Unlimited rewards can yield maximum value when you transfer them to either Chase Sapphire card.
How to Maximize Chase Freedom Unlimited
Earn the initial bonus.The Chase Freedom Unlimited card offers an initial bonus of $200 for spending $500 in the first 3 months. This is a fairly quick and easy way to maximize the card’s value early on.
Take advantage of bonus rewards categories.The Chase Freedom Unlimited card gives 5% cash back on grocery store purchases (up to $12,000 spent in the first year), 5% cash back on travel purchased through Chase, plus 3% cash back on restaurant and drugstore purchases. Those are very good rates of return, so you should use Chase Freedom Unlimited for these types of purchases whenever possible.
Use Chase Freedom Unlimited for everyday spending.The Chase Freedom Unlimited card’s base rewards rate is one of its best features. This card gives 1.5% cash back on all purchases outside of its bonus categories. The average cash back credit card gives just 1.11%.
Utilize the promotional purchase APR to finance a big purchase.It’s a smart move to save a big-ticket buy for your Chase Freedom Unlimited. The card’s introductory rate of 0% for 15 months on purchases could save you lots of money in interest charges.
Pay your statement balance in full and on time every month.After 15 months, the Chase Freedom Unlimited card’s promotional purchase APR will expire, and any balance carried on the card from month to month will be saddled with the card’s regular APR, which could be anywhere from 14.99% to 23.74% (V). Avoid unnecessary interest charges by paying your statement balance in full, on time every month.
Redeem your Chase Freedom Unlimited rewards often.Chase Ultimate Rewards points don’t expire, but like other card issuers, Chase can change the value of their points at any time, causing rewards devaluation. So avoid risking too many points by redeeming them often.
Pair Chase Freedom Unlimited with a Chase Sapphire card.The Chase Sapphire Reserve card is one of the best credit cards to use alongside the Chase Freedom Unlimited. Cardholders can transfer their Freedom Unlimited rewards to the Chase Sapphire Reserve card and redeem for 1.5X the value. And if you transfer Freedom Unlimited rewards to Chase Sapphire Preferred instead, you’ll get 1.25X the regular redemption value. Both Sapphire cards charge annual fees.
You can request a Chase Freedom Unlimited® credit limit increase by calling customer service at (800) 432-3117. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Chase has on file. Chase will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
When you request a Chase Freedom Unlimited credit limit increase, Chase will conduct a hard pull of your credit report, which will cause a short-term dip in your credit score. Chase cannot do a hard pull without your permission, though.
Alternatively, you could be eligible for a Chase Freedom Unlimited credit limit increase without even requesting one. The Chase Freedom Unlimited card may offer an automatic credit limit increase if Chase's regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
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.
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