Chase Freedom Unlimited is a very good credit card, according to WalletHub’s proprietary 100-point card rating system. It’s worth applying for the Chase Freedom Unlimited card if you have a good credit score and you want to earn rewards as well as enjoy low introductory interest rates without paying an annual fee.
The Freedom Unlimited card rewards users with
1.5 - 5% cash back on purchases, plus an initial bonus of
$200 for spending $500 on purchases in the first 3 months. It also offers a promotional APR of
15 months. These features are elite, based on WalletHub’s analysis of 1,500+ credit card offers.
Chase Freedom Unlimited Review Highlights
$200 initial bonus
Currently, Chase Freedom Unlimited gives you
$200 for spending $500 on purchases in the first 3 months. That’s a decent deal compared to the average cash rewards card with an initial bonus, which offers
$235.
0% intro rate for purchases and balance transfers
Chase Freedom Unlimited offers 0% APRs for both new purchases and balance transfers for the first
15 months. The purchase part of the equation is fine, as long as you make sure to pay off your full balance by the time above-average regular rates take effect -
18.99% - 28.49% (V). A
credit card payoff calculator can help with that. The only potential downsides are the Chase Freedom Unlimited’s higher regular APR and 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).
Solid, straightforward everyday rewards
Chase Freedom Unlimited offers
5% cash back on travel purchased through Chase, as well as 3% cash back at restaurants and on drugstore purchases.
Plus, the
1.5% that you’ll normally earn on any other purchase made with the Freedom Unlimited Credit Card is about 30% more than the average cash back card will give you, according to our latest
Credit Card Landscape Report. Earning the same amount on most purchases also reduces hassle.
$0 annual fee
In addition to simply saving you money, Chase Freedom Unlimited’s lack of an annual fee will help you avoid feeling pressured to spend more than you want or close your account earlier than you’d like.
Foreign fee: 3% of each transaction in U.S. dollars
You should probably limit your use of Chase Freedom Unlimited to the U.S. Its foreign fee makes it a bad choice for international use, especially when so many
no foreign transaction fee credit cards are available.
Good credit needed
You need
good credit or better (
700+ credit score) to qualify for the Chase Freedom Unlimited Card. If you’re not sure where your credit currently stands, you can
check your latest credit score for free on WalletHub.
Chase Freedom Unlimited Ratings by Category
| Category | Editor’s Rating |
| Annual Fee Rating | 5 / 5 |
| Cash Back Rating | 5 / 5 |
| Intro APR Rating | 4 / 5 |
| Initial Bonus Rating | 5 / 5 |
| Regular APR Rating | 2.9 / 5 |
Chase Freedom Unlimited Comparisons
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
