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?