Credit Cards

How To Get Approved For Chase Freedom Unlimited

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 3 minute read

Redeem your cashback points for a variety of valuable prizes. Cardholders of Chase Freedom Unlimited benefit from a high rewards rate on their everyday transactions with this card. In addition, there is no cap on the amount of cashback you may earn or categories you need to remember to join.

There are both advantages and disadvantages to Chase Freedom Unlimited, and this review will tell you why you should consider adding it to your wallet.

Who should apply for the Chase Freedom Unlimited credit card?

It’s a good option if you don’t want to pay an annual fee but still want to earn a lot of cashback. A combination of the Ink Business Preferred and a Chase Sapphire Preferred or Reserve credit card is a smart move.

It’s possible to move your points from the Chase Freedom Unlimited to the Sapphire or Ink Business Preferred cards so that you may use them for better redemption choices. You may optimize your earnings and redemptions by strategically utilizing three Chase credit cards together to take advantage of this transfer of points, such as the Chase Freedom Unlimited.

If you’re looking for something with several categories of extra points to better match your spending, this may not be the card for you. To be authorized, you’ll need a FICO score of 670 or higher, which is considered good or exceptional.

Benefits and Perks

  • After spending $500 in the first three months, you’ll get $200 in cashback.
    0% APR for the first six months: 15 months of interest-free purchases (then 14.99% to 23.740% (variable)) are yours. With this credit card, you will have plenty of time to pay for a major purchase. Thereafter you’ll be charged the standard APR.
  • Cashback as a bonus. In addition to 5% off travel expenditures made with Chase Ultimate Rewards, customers receive 3% off dining and pharmacy purchases and 1.5% off all other transactions with the Chase Freedom Unlimited credit card.
  • Redeemable in several ways. Even though it’s a cashback credit card, you may earn points that can be used for rewards like cash back, gift cards, vacation, or even Amazon.com shopping. As an alternative, you can transfer your Ultimate Rewards to another Ultimate Rewards-earning card.
  • If you purchase $12 or more worth of food through DoorDash, you’ll get a free three-month subscription to the DashPass program that lowers delivery expenses. If you don’t cancel within the first 30 days, you’ll be charged the regular monthly rate of $9.99, but you’ll save 50% on the next 9 months.
  • There are other chances to get cashback. There are two ways for cardholders to double their cash back on specific purchases through the Shop with Chase site and the Chase Offers program: With Chase Offers, you may earn up to 15% more cashback when you shop, and when you activate an offer, and redeem it with your card, you’ll receive statement credits from Chase Offers.
  • A yearly fee. There is nothing wrong with yearly fees on credit cards. There is no need to question whether or not you are getting enough value each year to cover the yearly expense when you use this one.
  • Purchase protection. This credit card provides up to $500 per claim in damage or theft insurance for purchases made with it during the first 120 days after activation.

Drawbacks

  • If you often travel outside of the United States, you may wish to use a separate credit card for your overseas transactions to avoid paying a foreign transaction charge. For international transactions, this one charges a 3% fee.

Is there a foreign transaction fee with Chase Freedom Unlimited?

There is a 3% international transaction fee, so it’s not the ideal option for a vacation overseas. A premium travel credit card, such as the Chase Sapphire Reserve or The Platinum Card from American Express, is a better option if you’re considering such a trip.

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