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  1. #1
    Registered User Senior Member
    Posts
    115

    Any using Chase Freedom Unlimited?

    Curious if anyone has signed up for the Chase Freedom Unlimited. I heard it is a good deal because you can apply 1.5 UR points per $1. Or just redeem for 1.5% cash back.



    But I have yet to see one in the wild. And I cannot even find the card mentioned on the Chase site. Just the regular Chase Freedom card.

  2. Any using Chase Freedom Unlimited?
  3. #2
    Registered User Semi Pro Member
    Posts
    321
    I may need to change my name. I had not even heard of this card. Definitely worth some research.

  4. #3

    Chase Freedom Unlimited: A Quick Review

    Sorry, I meant to post a quick review of the new for 2016 Chase Freedom Unlimited card. Here is what you need to know.

    Rewards Program and Signup Offer:

    The Chase Freedom Unlimited is a brand new 1.5% cash back card from Chase. Unlike the regular Chase Freedom cards, you can earn cash back on all your purchases. No rotating bonus categories. No quarterly sign up requirement.

    • 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
    • Earn a $25 bonus when you add your first authorized user and make your first purchase within this same 3-month period.
    • 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


    Credit Required:

    You will need excellent credit to qualify for the Chase Freedom Unlimited.

    The Transfer Fee:

    I just want to point out that the generous 15-month 0% APR transfer offer is accompanied by a 5% transfer fee. If you are looking for a balance transfer card, this is not the one for you. The industry standard is 3% (e.g., Citi DoubleCash). And you can even find a few 0% transfer fee cards (Capital One has a few, inclusive the QuickSilver One card.)

    You Can Use Points as Ultimate Rewards Points Instead:

    With this card, you will not need to redeem your points as cash back. You will have the option to let them accumulate and use them as Ultimate Rewards points. For some travel hackers, this may make the Freedom Unlimited quite a nice complementary card to the Sapphire Preferred card.

    Freedom vs. Freedom Unlimited?

    If I had to choose one card between the standard Freedom card vs. the new Freedom Unlimited, I would choose Freedom Unlimited. Why? Well, I have a known bias towards late rate cash back cards. I just think you will earn more rewards over time if you use only one card. And I think rotating rewards require you to work to maximize your points - while also encouraging you to overspend in bonus categories.

    So the Freedom Unlimited frees you from monitoring quarterly bonus categories and the regular sign up requirement.

    Of course, nothing is stopping you from using both card (after all, neither has an annual fee). That would obviously maximize the cash back you can earn from Chase.
    Need a Card to Build/Rebuild Your Credit With? Read This >> Best Credit Cards For Building Your Credit

  5. #4
    Registered User Semi Pro Member
    Posts
    321
    Sounds like this could undermine CSP. Why pay the $99 annual fee and only get limited 2x bonus categories in travel and at restaurants. You can earn more UR points with Freedom Unlimited. (One appreciation I'm staying away from. )

  6. #5
    Registered User Junior Member
    Posts
    34
    Quote Originally Posted by Mr Cards View Post
    Sounds like this could undermine CSP. Why pay the $99 annual fee and only get limited 2x bonus categories in travel and at restaurants. You can earn more UR points with Freedom Unlimited. (One appreciation I'm staying away from. )
    I think you mean abbreviation.

    And I agree w/r/t the UR points.

  7. #6
    Registered User Pro Member
    Posts
    554
    Sounds like Chase wants to skim the crem de la crem of Quicksilver users over.

  8. #7
    Registered User Senior Member
    Posts
    115
    I find the Freedom Unlimited to be intriguing. It's interesting that Chase will let you collect Ultimate Rewards with at. Might be worth it for that + the signup bonus.

    Still waiting to see one in the wild, though.

  9. #8
    Quote Originally Posted by fixmyscore View Post
    Still waiting to see one in the wild, though.
    I haven't seen one out either. Based on my local grocery store, Amex and Capital One really seem to be dominating. But probably not a demonstrative sample size.
    Need a Card to Build/Rebuild Your Credit With? Read This >> Best Credit Cards For Building Your Credit

  10. #9
    Registered User Junior Member
    Posts
    30
    They are starting to advertise this card heavily. Will this mean the end of the Freedom card with rotating rewards?

  11. #10
    Registered User Semi Pro Member
    Posts
    321
    Quote Originally Posted by Johnny View Post
    They are starting to advertise this card heavily. Will this mean the end of the Freedom card with rotating rewards?
    I think they will keep both cards. And I suspect that they will have a lot of people who carry both. They know people with excellent credit often use multiple cards to max out their potential rewards. So you'll see people use the regular Freedom card to take advantage of the bonus rewards, and Freedom Unlimited for everything else.

    And then you link your accounts, and it is one stop shopping for bill payments, account management, and receiving rewards. Great benefits, simple and easy to manage.

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