Chase Freedom Unlimited® is often confused with Chase Freedom®, another cash back credit card from Chase which has been around for a lot longer. Both cards are heavily marketed online and if you are looking for a good cash back credit card, you may have come across these two cards and wondered what the difference is.

Credit CardFeaturesIntro APRRegular APRAnnual FeeWhy we like itWe least likeCredit RequiredRelated links
Chase Freedom Unlimited<sup>®</sup>

Chase Freedom Unlimited®

APPLY NOWAt Chase's secure website
  • New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey SM
  • No annual fee
APPLY NOWAt Chase's secure website

0% Intro APR for 15 months from account opening on purchases and balance transfers

17.24% - 25.99% Variable

$0

Why we like it
  • New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
Excellent/Good

We at GET.com have found the answers to all the important questions relating to Chase Freedom Unlimited® so that you can make the best use of this awesome card.

Apply for Chase Freedom Unlimited® at the official Chase website

Frequently Asked Questions About Chase Freedom Unlimited®
Is this a good cash back credit card?
What is the difference between this card and the regular Chase Freedom®
Does this card have an annual card fee?
Is this a good card to use for balance transfers?
Is this a good card for long-term credit?
Do I also earn cash back when I use this card outside of the U.S.?
Do I earn cash back as actual cash?
Are there any other ways to redeem cash back rewards?
Are there any purchases which I will not earn cash back on?
Will Chase go easy on me if I pay late?
What benefits do I get from using this card to pay instead of cash or another card?
Is this a good card to use to get cash?
Do I get any travel benefits with this card?
Who is this card for?

Questions And Answers For Chase Freedom Unlimited®

Question: Is this a good cash back credit card?

Answer: Chase Freedom Unlimited® is a good credit card to use if you want to use just one main credit card to earn a flat rate of cash back on all your purchases. You earn 3% cash back on all purchases in your first year up to $20,000 spent. After that you earn unlimited 1.5% cash back on every purchase, automatically. Many other cards only let you earn cash back when you shop at certain categories of merchants, so this card takes away a lot of the hassles. 1.5% cash back is a fairly good amount of cash back, considering the fact that you earn this on every purchase.

Question: What is the difference between this card and the regular Chase Freedom®?

Answer: Both cards are issued by Chase and both let you earn cash back. The difference is the way in which you earn cash back. Chase Freedom Unlimited® lets you earn 3% cash back on all purchases in your first year (up to $20,000 spent), and after that you earn unlimited 1.5% cash back on every purchase, automatically. Chase Freedom®, on the other hand, lets you earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. But you also earn unlimited 1% cash back on all other purchases (it's automatic). So the difference is that when you use Chase Freedom Unlimited® you earn cash back automatically, without having to activate each quarter, and you earn cash back on all purchases. With Chase Freedom® you earn much higher cash back, but only for a certain amount of purchases you make in specific categories each quarter, and you have to activate this cash back program every quarter to earn the cash back. All other purchases still earn cash back, but at a lower flat rate than you enjoy with Chase Freedom Unlimited®.

Question: Does this card have an annual card fee?

Answer: No, Chase Freedom Unlimited® has no annual fee, so you do not pay a card fee each year in order to use this card and earn cash back.

Question: Is this a good card to use for balance transfers?

Answer: If you take advantage of the card's cash back earning potential as well, then Chase Freedom Unlimited® certainly can double as a balance transfer card. You enjoy 0% intro APR for 15 months from account opening on purchases and balance transfers, then a 17.24% - 25.99% variable APR. That is a very long introductory low APR period. The main drawback to transferring the outstanding balances on your other card accounts to this card is that you pay a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. Still, you could save a lot more than that in interest over that long period.

Question: Is this a good card for long-term credit?

Answer: No. The standard 17.24% - 25.99% variable APR is not particularly low, so you should avoid carrying balances on this credit card. Make sure to pay off all card debt in full before the end of the introductory low APR period and after that, always make your payments on time, in full if possible.

Question: Do I also earn cash back when I use this card outside of the U.S.?

Answer: You earn cash back on all purchases made with this card, except for purchases which are returned or refunded. However, you do not earn cash back when you use this card to buy foreign currency (at a bank or exchange bureau, for example). You don't earn cash back on cash advances either in the U.S., or abroad, so this is not the right card to use to get foreign currency at ATMs either. Plus, you pay a foreign transaction fee equal to 3% of each transaction in U.S. dollars, so you pay extra just to use this card to make purchases in a foreign currency. There are other debit cards and credit cards which don't charge you a foreign currency transaction fee when you make purchases or ATM withdrawals in a foreign currency. Chase Freedom Unlimited® is a fantastic card to use in the U.S., but don't bother taking it with you when you leave the country.

Question: Do I earn cash back as actual cash?

Answer: Not really. When you use this card, you earn cash back rewards as points, which you can then redeem for an account statement credit. You can also redeem your cash back into an eligible checking or savings account at a U.S. financial institution. A big plus is that your cash back rewards never expire, as long as your account is open and in good standing.

Question: Are there any other ways to redeem cash back rewards?

Answer: Yes. Aside from cash back, you can choose to redeem rewards in other ways including for gift cards, merchandise, travel, and services as offered by Chase.

Question: Are there any purchases which I will not earn cash back on?

Answer: Chase Freedom Unlimited®, like other cash back credit cards, does place some limits on what purchases qualify for cash back. You will not earn cash back on purchases which you return or get refunds for. You also will not earn cash back when you purchase casino gaming chips, lottery tickets, race track wagers and other betting instruments. Obviously, transactions which don't actually involve buying something, such as making a wire transfer, money order, check or balance transfer also do not earn cash back.

Question: Will Chase go easy on me if I pay late?

Answer: Chase is not easy-going on late payments. If you make your credit card payment late, you pay up to $15 if the balance is less than $100; up to $27 if the balance is $100 to less than $250; up to $37 if the balance is $250 or more.

Question: What benefits do I get from using this card to pay instead of cash or another card?

Answer: Aside from the cash back, Chase Freedom Unlimited® delivers a number of benefits which add value over using cash or a debit card to pay. Purchase protection is a type of insurance that covers stuff you purchase using this card against damage or theft for 120 days from the date of purchase. You can receive a benefit of up to $500 per claim and $50,000 per account if your things are accidentally damaged or stolen.

Question: Is this a good card to use to get cash?

Answer: No, there is no benefit to using this card to get cash at ATMs or other possible locations. First of all, you do not earn cash back when you use this card to get cash advances. You also pay a high cash advance fee (either $10 or 5% of the amount of each transaction, whichever is greater) and on top of that, you get a 27.24% variable cash advance APR and this is charged right from the transaction date (so it is virtually impossible not to pay interest on cash advances). Debit cards are generally the better option for getting cash, although a few credit cards provide more affordable cash advances.

Question: Do I get any travel benefits with this card?

Answer: Yes. Although this is not a good card to use for international travel, it is a good card for U.S. travel for several reasons. First of all, Chase has branch offices in most U.S. cities, so you are never far from face-to-face support. Secondly, when you use this card to pay for automobile rentals, you benefit from a complimentary car rental insurance, specifically an auto rental collision damage waiver (coverage is secondary and adds to the coverage you get with your other insurance policies). Thirdly, this is a Visa card, so you won't have any trouble using it to pay nationwide.

Question: Who is this card for?

Answer: Chase Freedom Unlimited® is a card for people who like to keep things simple and who want to earn cash back at a good rate no matter what purchases they make, get a long introductory low APR, enjoy solid shopping benefits and start off with 3% cash back on all purchases in your first year (up to $20,000 spent) and 1.5% cash back thereafter, all at no annual fee. If you prefer flat-rate cash back or want to combine a category cash back card with a flat-rate card to cover all bases, this is a good choice.

More about Chase Freedom Unlimited®:
Our Chase Freedom Unlimited® Review
Best Cash Back Credit Cards
Our Chase Freedom® Review