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Chase Freedom Unlimited Credit Card Review 2023

July 11, 2023
Sam Helmy
The is a standout cashback rewards card for everyday consumers and Chase Ultimate Rewards Aficionados. The Chase Freedom Unlimited provides Chase’s best-ever cashback earning rate across the board and excellent rates on travel booked through Chase, dining out, and drug store purchases. Moreover, all these superb earning rates come for no annual fee. Chase Freedom […]

The Chase Freedom Unlimited is a standout cashback rewards card for everyday consumers and Chase Ultimate Rewards Aficionados. The Chase Freedom Unlimited provides Chase’s best-ever cashback earning rate across the board and excellent rates on travel booked through Chase, dining out, and drug store purchases. Moreover, all these superb earning rates come for no annual fee.

Chase Freedom Unlimited
Chase Freedom Unlimited

Chase Freedom Unlimited Features

• Earn 5% on Lyft purchases through March 2025. • Earn 5% when you purchase travel through the Chase travel portal. • Earn 3% at restaurants and dining, including qualifying delivery services and fast food. • Earn 3% at drugstores! • Earn 1.5% for all other purchases.

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Fee:

Terms Apply

Chase Freedom Unlimited Credit Card Overview

  • Earn 5% on Lyft purchases through March 2025.
  • Earn 3% at restaurants and dining, including qualifying delivery services and fast food.
  • Earn 3% at drugstores!
  • Earn 1.5% for all other purchases.
  • 0% APR for the first 15 months of account opening applies to balance transfers and purchases.
  • $0 annual fee.
  • Your cashback rewards do not expire.

Who is Freedom Unlimited For?

The Chase Freedom Unlimited is the perfect companion for someone who wants simplicity. The card earns a solid rate at restaurants and drug stores and an outstanding 1.5% back on regular purchases; if you want a card that lets you not worry about which card you are using to make which purchase, then the Freedom Unlimited is ideal. Use it as your go-to card for most purchases, and you are set!

Chase Freedom Unlimited Sign-Up Bonus

The Chase Freedom Unlimited is currently offering a generous welcome bonus giving you an additional 1.5% back on all purchases in the first year of card membership up to $20,000. That is stunning value for a card that carries no annual fee.

Maximizing your welcome bonus in the first year will earn you a whooping $300 of value. That is virtually unbeatable for a card that comes with no annual fee. Bear in mind that if you hold a fee-paying Chase Ultimate Rewards card, you can convert your cashback to points at one cent per point.

That would work out at 30,000 points, which you can leverage for even more value than $300 making the Chase Freedom Unlimited an even better deal than before.

Card Features

Highlights of the Chase Freedom Unlimited include:

1.5% Cashback Across the Board

While the 1.5% cashback earning is not industry-leading, it is not far off and is an excellent return for a card with no annual fee. If you are looking for a simple cashback earning card and the freedom to take your rewards as simple cashback or convert them to flexible credit card points, then the Chase Freedom Unlimited is a great option.

3% Back on Restaurants and Drug Stores

If you eat out a lot or even order in the 3% back at restaurants and dining can be a great rewards earner. Remember, this earning potential applies to sit-down restaurants and a host of other providers whose purchases code as restaurants. These can include takeout, some food delivery places, as well as fast food establishments.

If you need to pop into your drugstore for a quick purchase, you can also earn 3% back. However, one thing to keep in mind is that this is great for your neighborhood drugstore. Those found within large superstores may not qualify since they do not code as drugstore purchases. So, you need to keep an eye out and double-check that your purchases qualify for the enhanced earning!

No annual Fee!

Another excellent selling point of the Chase Freedom Unlimited is that it carries no annual fee, which is great news. The card lets you have all the benefits of rewards earning card for no cost. Even though some earning rates are not as generous as those associated with some fee-paying cards, those fees tend to be much higher. Mid ties cards will have fees in the range of around $100 per year, while premium card fees are several times that. So, the Chase Freedom Unlimited no annual fee is an excellent deal!

Chase Freedom Unlimited Alternatives

If the Chase Freedom Unlimited is not quite right for you, but you still want to earn great rewards, you have lots of options.

  • The Citi Custom Cash is an excellent choice if you have varied spending patterns. The card earns you 5% back each billing cycle on your highest eligible spending category. The car has no annual fee and earns an unlimited 1% back on all other purchases.
  • The Blue Cash Preferred® Card from American Express is an awesome choice if supermarkets are a big part of your spending. The card offers an industry-leading 6%  back on the first $6,000 of spending per year. The card carries a $0 annual fee in the first year, then $95 per year after that.
  • The Chase Freedom Flex is perfect if you want strong cashback earning on select categories within the Chase ecosystem. The card earns you 5% back on rotating quarterly bonus categories. The card also features the usual 3% rates on restaurants and drug stores and carries no annual fee.
Chase Freedom Unlimited
Chase Freedom Unlimited

Chase Freedom Unlimited Features

• Earn 5% on Lyft purchases through March 2025. • Earn 5% when you purchase travel through the Chase travel portal. • Earn 3% at restaurants and dining, including qualifying delivery services and fast food. • Earn 3% at drugstores! • Earn 1.5% for all other purchases.

Learn More

Fee:

Terms Apply

Chase Freedom Unlimited FAQs

How hard is the Chase Freedom Unlimited card to get?

Although it is a no-annual-fee card, the Freedom Flex still requires you to have good to excellent credit to be approved. If your credit is not in great shape, take steps to improve it before applying for the freedom flex.

Does Chase 5/24 Rule apply to the Freedom Unlimited?

Yes, the 5/24 rule does apply. So if you have opened 5 accounts or more in the last 24 months (with Chase or other institutions), you will not be approved for a new Freedom Flex card regardless of your credit.

How do I convert Cash Back to Ultimate Rewards points?

You can do so easily with the member area of your Chase card account. However, remember that in order to have the facility to do so, you must hold a fee-paying Chase card like the Sapphire Reserve or Sapphire Preferred card.

Does the Chase Freedom Unlimited charge foreign transaction fees?

Yes, if you are going overseas, the Chase Freedom Unlimited is not an ideal travel buddy. Chase charges a 3% fee on transactions made internationally.

Do Chase Ultimate Rewards points or cash-back rewards expire?

No, as long as your accounts remain open and active in good standing, your rewards points or otherwise will last forever.