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).
  • Ink Business Cash® Credit Card 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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66 Comments On "Chase Freedom Unlimited®: Earn 3 Points Per Dollar On Up To $20K In Spending In the First Year"

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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?


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?


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?


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


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?


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)?


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


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


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?)


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


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.


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?
Much appreciated


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!


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


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%?


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


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



If I downgrade a Chase Marriott card to the Freedom Unlimited, will I get the 3% offer??


Where can i get 1.5-2 cents per point for chase unlimited? im getting offers for 1.25?


Why did you just post this now? What is new about this?


Dan, please provide me the best way and place to receive 2 cents or more towards each point earned from the freedom unlimited


want to get a new card with max benefits and point, currently have citi aa. what do you recommend


Definitely not Citi AA….

I’ll leave the rest of the answer up to the professionals….


If I downgrade my Sapphire Reserve to this card, will I get 3x spending?


Hi Dan,
How do the card benefits (rental car insurance, purchase protection, extended warranty, trip cancellation and baggage delay reimbursement, etc.) compare to Citi’s Double Cash Card–like many others I’m looking to replace that card with the “brutal” 🙂 removal of those benefits come Sept. 22.


If i convert one chase card to another does it count to the five new cards in two years and does it come up as an credit inquiry on my credit report.


Love Dan!

off topic a bit, but still related to all chase cards, Dan, do you think it’s a good idea to opt out of the soon to be imposed Chase arbitration provisions? could it affect one’s accounts and/or points and/or status with Chase? ability to open new cards? what are you going to do?

wells fargo

can you make a post about wells fargo credit cards?
you never wrote anything about them…


Should I downgrade my old freedom unlimited and reapply for the new one?

@DAN (Hope you answer)


Hi Dan
Is the rewards for this card still points or only cash back?


Hey I have a secured cc with capital one for a year already and I was au under a sapphire reserve for a year(ended a couple months ago). Is it worth going for freedom unlimited or freedom? Or a just a diff card? Thanks !


If you prefer simple go for the freedom unlimited. 3% for the first 20k then 1.5%


As you mentioned above”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.” After converting it would I still be able to get the 3xs points on the $20K in first year or only if it’s a new sigh up?


I currently have the csr, freedom, and the unlimited.
Never received a bonus from the unlimited.
Is it worth it to cancel the unlimited, and sign up for this card with this bonus?


I am interested in applying for the Chase Freedom Unlimited Card and later transferring my cash back for Ultimate Rewards when I get a Saphire Preffered Card a couple years down the line. Will that work, or do I need the Saphire card while I’m amassing the cash back?