Our Review:
The Chase Freedom Unlimited is a brand new cash rewards (+more) card from Chase. You will get $150 cash back when you spend $500 in the first three months from account opening, and you’ll never pay an annual fee. The card is similar to the long-standing Chase Freedom card, with the biggest difference that the new card offers unlimited 1.5% cash back on all purchases automatically (no registration for category bonuses or limits on earnings).
You can redeem the points for cash any time, or you can take advantage of turning your cash back points into Chase Ultimate Reward points by transferring them to a Chase Sapphire or card (you must have one of these cards to do this). Ultimate Rewards points have high value and are transferable to United, British Airways, Hyatt, and many of our other favorite travel partners.
The Facts:
- New! Unlimited 1.5% cash back on every purchase – it’s automatic
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
- Redeem for cash – any amount, anytime
- Cash Back rewards do not expire as long as your account is open
- No annual fee
Verdict:
Another great option from Chase for cash back lovers. Also a great no annual fee option that pairs perfectly with the Chase Sapphire to build your Ultimate Rewards balance!
