The Chase Freedom Unlimited credit card is an option worth considering if you are looking for a new rewards credit card to add to your wallet. This card comes with a variety of perks, including as limitless cashback on all transactions, a significant sign-up bonus, and a lengthy introductory period for balance transfers.

All of these perks are available to cardholders. In addition, there is no necessity for an annual fee, and the credit score criteria is rather low, so it is an option that many people may take advantage of. In this post, we’ll take a more in-depth look at the Chase Freedom Unlimited credit card and discuss its many features,

as well as its advantages and disadvantages. It doesn’t matter whether you go on a lot of trips, if you have a lot of money to spend, or if you simply want to earn cashback on the things you buy every day; the Chase Freedom Unlimited might be the appropriate option for you.

Benefits of the card

Unlimited cashbacks

There is no upper limit on the amount of cashback you may earn with the Chase Freedom Unlimited card since it offers a flat 1.5% cashback on all transactions. This indicates that you have the opportunity to earn cashback on all of your spending, including grocery shopping, eating out, and the purchase of travel-related goods and services.

Signup bonus

In the first three months after creating an account, new cardholders have the opportunity to receive a sign-up bonus in the amount of $200 cashback by making transactions totaling $500. This is a very substantial bonus, and it is possible to get it with just a moderate amount of required expenditure.

No annual fee

As a result of not having to pay an annual fee, cardholders of the Chase Freedom Unlimited might end up saving money over time. Because of this, many customers who are looking for a way to earn rewards without having to pay an annual fee may take advantage of this opportunity.

Wide range of redemption options

Cashback benefits may be redeemed by cardholders in a number of ways, including statement credits, travel and retail credits, gift cards, and gift certificates. Cardholders are given the ability to pick the method of redemption that is most convenient for them as a result of this flexibility.

Apr period

For the first fifteen months after an account is opened, the Chase Freedom Unlimited does not charge an introductory interest rate on either purchases or balance transfers. Cardholders who wish to make a significant purchase or move high-interest debt on their card may find this tool to be quite helpful.

Disadvantages of the card

One of the drawbacks of the Chase Freedom Unlimited credit card is that it assesses a foreign transaction charge of 3% on all transactions that are made in countries other than the United States. This implies that if you use the card to make transactions when traveling internationally, you will be subject to a supplementary charge,

the total amount of which might quickly pile up. In addition, the card’s flat 1.5% cashback rate may not be the highest reward rate currently available on the market, despite the fact that it offers a respectable rate for its category. It’s possible that some other rewards credit cards provide better payback rates on certain types of expenditure,

including eating out, traveling, or filling up the tank. Last but not least, the card has a cost for transferring balances that is 5%, with a minimum charge of $5. This is a pretty expensive price when compared to certain other credit cards for transferring balances, which may offer lesser rates or none at all.

Who can use this card?

Individuals with high to exceptional credit ratings who are eager to earn rewards on their daily shopping will benefit from the Chase Freedom Unlimited card, which was built just for them. The card has a criterion of a minimum credit score of 670, which means that applicants with a credit score in this range or above have a chance of being approved for the card.

In addition, the card is an excellent choice for consumers who are looking for a clear rewards scheme that provides a flat payback rate regardless of the amount spent on each transaction. People who wish to take advantage of the card’s extended introductory APR period on purchases and debt transfers,

in addition to the card’s no annual fee feature, are suitable candidates for the card. The card also does not charge an annual fee. However, those who often travel to other countries and use their credit card to make purchases while they are there may find the card to be less desirable due to the foreign transaction charge that it imposes.

How to apply for this card

You may submit an application for the Chase Freedom Unlimited card via the internet by going to the Chase website and filling out the appropriate forms. In order to apply, you will be required to supply information about yourself, including your name, address, and Social Security number, as well as information about your job history.

You will also be required to supply information on your monthly housing payment, your housing situation, and your income. After receiving your completed application, Chase will evaluate your credit history as well as the other information you provided on your finances to decide whether or not you are qualified for the card.

If your application is successful, it will take between seven and ten business days until you get your card in the mail. You also have the option of applying for the card in person at a Chase branch, applying for the card over the phone by calling the number printed on the back of an existing Chase credit card, or applying for the card over the phone by contacting the Chase credit card customer care line.

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