9.1

Chase Freedom Unlimited® Credit Card

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Last Updated on January 1, 2021

9.1Expert Score
Decent unlimited 1.5% cash back card but has foreign transaction fees
PROS
  • 1.64% Purchase Yield
  • $200 in bonus incentives
  • No annual fee
CONS
  • 3% foreign transaction fees

A decent unlimited 1.5% cash-back credit card with a $200 bonus offer (subject to $500 in new purchases within 3 months of opening an account) and 5% cash-back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.

This card also currently offers 5% cash-back on travel purchases through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% on all other purchases.

To sweeten the deal, Chase Freedom Unlimited® Credit Card, is also offering a 0% intro APR for 15 months from account opening on all purchases.

This card has no annual fee but does charge 3% in foreign transaction fees. So, if you plan on traveling outside of the US, we recommend that you consider a similar cash-back card with no foreign transaction fees.

CARD DETAILS

Issuer & Payment Network

Issuer

Chase

Payment Network

Visa

Network Benefit Level

Visa Signature

Estimated Purchase Yield

Estimated Purchase Yield

1.64%

Notes

Unlimited 1.5% cash back

Bonus Offers

Bonus Offer Value

$200

Bonus Offer

$200 cash bonus (requires $500 in new purchases within first 3 months) and 5% cash-back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.

Ongoing Bonuses

5% cash-back on travel purchases through Chase Ultimate Rewards, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% on all other purchases

Estimated Annual Card Value

Yr 1 @ $5k in Purchases

$282

Yr 1 @ $15k in Purchases

$446

Yr 1 @ $30k in Purchases

$692

Yr 2+ @ $5k in Purchases

$82

Yr 2+ @ $15k in Purchases

$246

Yr 2+ @ $30k in Purchases

$492

Valuation Notes

Bonus Offer Value plus Ongoing Bonus Value (if any) plus value of rewards at stated annual purchasing level less the annual fee

Airport Lounge Access

Lounge Access?

No

Lounge Network

Not Applicable

Guests

Not Applicable

Access Restrictions

Not Applicable

Reward Points

Do Points Expire?

No (as long as the account remains open)

Redemption Options

Cash, Gift Cards and Statement Credit

Can Points Be Transferred?

No

Fees & APRs

Annual Fee

$0

Foreign Transaction Fees

3%

Late Payment Fee

$39

APR - Intro (Purchases)

0% for first 15 months

APR - Intro (Balance Transfers)

0% for first 15 months + 3% (minimum $5) fee (balance must be transferred within 60 days of account opening)

APR - Cash Advance

24.99% + 5% of each amount or $10 (whichever is greater)

APR - Regular (Purchases)

14.99% - 23.74%

APR - Regular (Balance Transfers)

14.99% - 23.74% + 5% (minimum $5) fee

Grace Period

21 Days

Protections & Services

Zero Liability Protection

Yes

Purchase Protection

Yes: Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.

Extended Warranty Protection

Yes: Extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of three years or less

Trip Cancellation / Interruption

Yes: For eligible purchases made with your Chase Freedom Unlimited® credit card, you can be reimbursed up to $1,500 per person and $6,000 per trip for your prepaid, non-refundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations.

Auto Rental Collision Damage Waiver

Yes: Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is provided for theft and collision damage for most card in the U.S. and abroad. In the U.S., coverage is secondary to your personal insurance.

Other Items

Recommended Credit Level

Good+ (FICO Score: 670+)

Link to Issuer Website

https://creditcards.chase.com/cash-back-credit-cards/chase-freedom-unlimited

Date Information Confirmed

December 21, 2020

Chase Freedom Unlimited® Credit Card
Chase Freedom Unlimited® Credit Card
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