While there are many different types of rewards credit cards - including cash back, gas and airline credit cards - this card is a good fit if you prioritize simplicity. Purchase intro APR: 0% Intro APR on Purchases for 15 months.Welcome offer: Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.Rewards rate: Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service 1.5% on all other purchases.(Note that certain business credit cards may not be counted toward the 5/24 limit.) If this applies to you, you should hold off on applying for the Chase Freedom Unlimited, as your application will likely be denied.Ī closer look at the Chase Freedom Unlimited Many people have reported a trend known unofficially as Chase’s 5/24 rule, where you likely won’t be approved for a new Chase credit card if you’ve opened more than five personal credit cards in the past 24 months. Those who’ve recently opened a lot of credit cards.If you’re a frequent international traveler looking for a no-annual-fee cash back card, check out Capital One and Discover’s offerings instead. The Chase Freedom Unlimited’s 3% foreign transaction fees make it costly to use abroad. If you’re willing to juggle multiple cards, you can find better rates than the Chase Freedom Unlimited offers in specialized categories. But to maximize rewards, you’ll want multiple cards, each with elevated rewards on specific categories.įor example, you might get the Costco Anywhere Visa® Card by Citi* for 4% cash back on eligible gas (on up to $7,000 per year, then 1%), the Citi Custom Cash ® Card for 5% cash back on purchases in your top eligible spend category each billing cycle, which includes restaurants (on up to $500 spent per billing cycle, then 1%), and the Wells Fargo Active Cash® Card for 2% cash rewards back on other purchases. One of the Chase Freedom Unlimited’s main benefits is that it offers competitive - but not necessarily standout - rewards rates across multiple everyday spending categories. Those who plan to earn rewards with multiple cards. But the Chase Freedom Unlimited offers better rewards and cardholder perks than dedicated balance transfer cards. This card’s introductory APR timeframe isn’t the longest out there, but it still gives you a good amount of time to pay off your purchases. Those who want a balance transfer card that also offers rewards. The 5% and 3% category-specific cash-back rates are standard among rewards credit cards, but the 1.5% category-agnostic cash-back rate is higher than many competitors. The Chase Freedom Unlimited offers 5% cash back on travel booked through the Chase Ultimate Rewards portal, 3% cash back on dining and drugstore purchases and 1.5% cash back on everything else. Those looking for an all-purpose option to use as their only credit card. The balance transfer fee increases from 3% to 5% ($5 minimum) on transfers made after your first 60 days. Its introductory APR makes it a good option for an emergency credit card, since you can take time to pay off unexpected expenses while avoiding interest charges.ġ.5% cash back on all purchases is less than some other flat-rate cash-back cards which offer 2%.Ī 3% foreign transaction fee makes this card costly to use abroad. Instead, this card is best used as a low-maintenance everyday credit card that earns decent cash back on popular spending categories. The welcome bonus has one of the highest potential payoffs compared to its required spending threshold than most cash-back credit cards without an annual fee, making it a lucrative feature.ĭespite its substantial 5% cash-back rewards on travel booked through Chase Ultimate Rewards, this isn’t the best credit card for travel because it charges foreign transaction fees. It also has a strong welcome bonus and an introductory APR offer that’s nearly on par with some of the best balance transfer cards. The card offers well-rounded cash-back rewards with elevated rates on restaurants, drugstores and travel booked through Chase Ultimate Rewards. The Chase Freedom Unlimited® is a jack-of-all-trades credit card great for those who either aren’t sure what they want from a credit card or want an all-purpose option rather than juggling a rolodex of different cards.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |