Chase Freedom Unlimited: Earn 3 Points Per Dollar On Up To $20K In Spending In the First Year

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The Chase Freedom Unlimited Card is an amazing all-around no annual fee credit card. It’s marketed as earning 1.5% cash back, but it actually earns 1.5 points per dollar everywhere. As each point can be worth 1.5-2 cents (or more) each, that’s like earning 2.25%-3% back everywhere.

As I reported might happen, the card no longer offers a 15K signup bonus. In its place you can now earn 3% cash back in the form of 3 points per dollar on up to $20K in spending within the first 12 months that you have the card. If you’ll spend $20,000 in 12 months you’ll earn 60,000 points. As each point can be worth 1.5-2 cents (or more) each, that’s like earning 4.5%-6% back everywhere.

There is also 0% APR on purchases and balance transfers for 15 months.

After 12 months or $20K in spending you’ll earn 1.5 points per dollar.

It’s worth noting that the business version of this card, the Chase Ink Unlimited Card, offers $500 in the form of 50,000 Chase Ultimate Rewards points after spending $3,000 within 3 months.

You can also apply for a card like Chase Sapphire Preferred with a 60K signup bonus and convert it into a Freedom Unlimited card down the line. You can read more about that new offer in this post.

The Freedom Unlimited is an excellent card for everyday purchases, but it won’t be worth using the card when you can get a better bonus elsewhere. Combine the Freedom Unlimited card with cards that have strong bonus spending categories or that can transfer points into miles to get even more value from your points.

  • Chase Sapphire Preferred has a 60K signup bonus, earns 2 points per dollar on dining/travel, can transfer all Chase points into miles, and points are worth at least 1.25 cents each for paid travel ($95 annual fee).
  • Chase Sapphire Reserve has a 50K signup bonus, earns 3 points per dollar on dining/travel, can transfer all Chase points into miles, and points are worth at least 1.5 cents each for paid travel ($450 annual fee with $300 travel credit).
  • Chase Freedom has a 15K signup bonus and earns 5 points per dollar on rotating categories ($0 annual fee).
  • Chase Ink Cash has a 50K signup bonus and earns 5 points per dollar on cable, TV, telecom, cellular, office supply stores, and gift cards from office supply stores, plus 2 points per dollar on dining and gas ($0 annual fee).
  • Chase Ink Preferred has a 80K signup bonus and earns 3 points per dollar on shipping, advertising, and travel, can transfer all Chase points into miles, and points are worth at least 1.25 cents each for paid travel ($95 annual fee).

As each Chase Ultimate Rewards card has their own benefits, the more diverse of a portfolio that you and/or your household has, the better you can optimize your spending. Chase allows you to transfer points between authorized users and members in your household, so you can maximize your spending and limit annual fees by taking advantage of household members. You can give authorized user cards to everyone in your household so that everyone can maximize their spending strategy as described in this post.

Will you signup for this Freedom Unlimited card offer?

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36 Comments On "Chase Freedom Unlimited: Earn 3 Points Per Dollar On Up To $20K In Spending In the First Year"

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Max

I signed up for the Freedom Unlimited a month or two ago and already received the 15k bonus. Do I also receive 3x points in my first year?

peachsnapple

If I downgrade my Freedom Unlimited to the Freedom can I get this offer by reapplying for the Freedom Unlimited? What about downgrading my Sapphire Preferred to the Unlimited? Would that make me eligible for the new offer?

Zalmi

I had the chase Freedom and converted the account to the freedom unlimited about 3 months ago, will i be eligible to earn the 3X for the remainder of this year?

Biglar

So if I spend 20k I will get 60k points…can I then transfer this to my sapphire reserve and make it 90k?

biglar

Sorry – i wasn’t clear (but i think u answered my question) – I guess I should have asked: can i multiple the VALUE if these points by transferring to my sapphire reserve card

Steven D Kastner

If I call Chase to have the card converted to an Unlimited after I complete $1500 in spending done in the freedom in this quarter’s spending at 5x the points, will I be eligible for the 3x the points under the Unlimited banner?

Joe

Is there any issue/risk with downgrading my Chase Saphire (already have a Saphire Reserve) to a Freedom card if I already have a Freedom card (this way I can double-dip on the rotating categories)?

sd

I currently have the frredom card – can i upgrade to this?
I already am at 5/24

Yud

I signed up for chase sapphire over a year ago-Is there any reason not to convert it to a freedom unlimited card?

biglar

Could i apply for both a “limited” as well as unlimited and then convert the limited to an unlimited some time down the road (in order to get 2 unlimited cards with the 3% deal?)

Dov

If I have the card do I start earning 3 points now or is this only new customers tx good shabbos dan

Rob

Kinda bummed by this, I went on a new card diet after I missed the 3x promo last year so I could be under 5/24 if the promo came back around. Now it has, but with a 20k limit, which has sucked all the joy out of it for me.

Shani

Hi
When you mentioned the chase Ink cash business card I didn’t see anything about converting the points into miles- is there an issue with doing that? Is converting point to miles the same thing as buying a ticket from chase using reward points?
Thanks
Much appreciated

Hebron

Dan I am leaving for Pesach out of the country in a week will i have time to downgrade by Freedom unlimited to the Freedom limited then at the end of the week, switch it again, if not when I come back end of April and then switch it back and still be eligible. Thanks!

Kathy

To be clear, will they allow me to have the Freedom and the Freedom Unlimited? Also, I am sure this card is subject to the 5/24 rule also? Thank you

C K

Dan, I have an unlimited and a regular freedom. Can I downgrade my unlimited freedom to a regular freedom and then apply for a new unlimited in order to get the 3%?

Ellie

If I’ve received a sign up bonus on Sapphire Reserve within the last 48 months,do I still get the 3x points promotion?

Sol

Dan
If you convert a saphire to chase freedom do you get the 0 apr

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