For those people interested in acquiring the Chase Freedom Unlimited credit card, there are some things you need to know first. While all of these features and benefits sound really good, the question you should be asking is if it is good for you. You can’t just say that it is good because people say it is. You have to know first all you are getting before actually getting it.
So here is an article for all the things you need to know about Chase Freedom Unlimited. Make sure you read all of it because once you are in then you are in a great deal. So be smart and know the benefits and the negatives as well before making a decision.
- 1 What is Chase Freedom Unlimited?
- 2 How to get a credit card
- 3 Is Chase Freedom Unlimited for you?
- 4 FAQ
- 5 Chase Freedom Unlimited: Final Thoughts
What is Chase Freedom Unlimited?
The Chase Freedom Unlimited card is a Chase credit card that offers flat rate 1.5% cash back on all your spending categories. It is a first tier type of card that belongs to Chase’s Ultimate Rewards family of cards. It has a big signup bonus of $150 if you spent $500 within the first three months. Plus, another $25 if you add another authorized user and make a purchase within also the first three months. Meanwhile, for other financial needs, visit Dotcomhouse.
Chase Freedom Unlimited Features
Here are some of the basic features that you should know first before everything else. See if these will fit your needs.
- Unlimited 1.5% cash back on all purchases.
- The 1.5% is a straightforward rewards program with no earning caps or rotating categories.
- $150 sign-up bonus if you spend $500 within the first three months.
- Plus $25 cash back if you add another authorized person to use your card and will make purchases using the card within the first three months.
- Zero annual fees.
- It is easy to manage and basically simplified for all users. Everything is straightforward as it is.
- Unlimited cash back rewards.
- Simple policy for cash back redemption.
- Huge sign-up bonus
- Even better value if you are an existing Chase Sapphire Preferred credit card as you may use your points to purchase other services as well.
- The zero annual fee is real.
Of course, it will not be fair if we do not discuss the cons of Chase Freedom Unlimited. Fortunately for you, there are not many cons. But still, the cons, while they are few, do not mean that they can be the perfect value. That will depend on your preferences.
- No bonus categories to help you maximize your rewards.
- If you are a power user in terms of rewards, this will not be your best choice. Instead, go for the Chase Freedom card. It has 5% cash back in rotating quarterly categories. The 1.5% is fixed and will not change no matter how much you purchase.
- You can take full advantage of its benefits if you are also a Chase Sapphire Preferred card holder. Otherwise, you are stuck with the flat rate cash back rewards.
- You cannot use this card when you go abroad.
- Not advisable for people who want to use this to pay off large amount debts. This is because If you want to purchase a service or an item internationally, you will be charged extra 3% (in dollars) for every transaction you make.
- This card also charges $5 or sometimes 5% of the amount you want to transfer to other credit cards or accounts.
- Chase has strict rules when applying for this card. So if you do not have a good credit standing, you better off choosing other cards. To know your credit score, visit Chase Credit Journey.
If those scenarios above bother you a lot, this Chase Freedom Unlimited card is not for you. But if those do not apply to you, then perhaps it is good that you found this article to help you out with your decision. You may visit Chase’s official website and fill up some forms to get started.
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How to get a credit card
There are five questions you must asks your self if you want to get a credit card.
- Why do I want a credit card?
- What is my credit score?
- What credit card offers are the best out there?
- Did I read the fine print?
- How do I apply for a credit card that fits my needs?
Why do you want a credit card?
You must ask yourself first why you want a credit card. Here are some things to consider so you can easily decide.
- Are you planning to build or rebuild credit? If you are newbie to credit cards or planning to change your not-so-good card, you may find it challenging to determine the type of card that meets your requirements and for which you qualify. You may opt to go for the secured card; it is among the best options for you since it provides you a timeline to upgrade to an unsecured card.
- Are you hoping to get rewards? Rewards cards are the best way to get cashback, points, or miles. You get all these whenever you make a purchase. Go for cards that offer bonus rewards on particular goods or services. There are cards that give a bonus when you purchase gas, groceries, foods in restaurants, travel and entertainment. You may also go for a flat-rate cash-back card.
- If you are in dept and are paying high interest, you can transfer your balance to a new card that offer no interest for a certain number of months. Credit card companies love balance transfers because they earn interests if you don’t pay on time.
- Perhaps you have a huge purchase that you are planning to have. If this is so, there are several cards that offer zero interest on new purchases for over a year.
- Are you planning to travel? You could get charged a 3% fee on purchases made outside your country. If you travel overseas, then opt for a credit card with no foreign transaction fees. There are also some cards that waive Global Entry or TSA PreCheck application fees.
What is your credit score?
You can check with banks that offer credit cards what the credit score requirement is. Most of them are transparet about this. Your credit score tells whether you can get a credit card and what kind you can avail. equirements
There are also several resourses where you can check your credit score for free. There’s Discover Credit Scorecard and CreditWise.
Experian lists the FICO credit score ranges as follows:
- 300-579 = Very poor
- 580-669 = Fair
- 670-739 = Good
- 740-799 = Very good
- 800-850 = Exceptional
These ranges are what credit card companies check when you are applying for a credit card.
What credit card offers are the best out there?
Always compare credit cards before you decide which one to get. Credit card companies have their credit cards listed in their websites and these included the features of each credit card. Compare the rewards, perks, requirements, fees so you can determine which one is best for you.
Did you read the fine prints?
When you have determined which credit card or cards fits you best, then it is time to read the fine prints before actually applying. It is imperative that you review every detail specific to the card that you are considering to get.
Go through the terms and conditions so you would understand what is in store for you befor eyou even submit your application.
Most especially, review the annual fee and interest rates for your purchases, cash advance, balance transfers, and penalties. Make sure that you are aware as well of any foreign transactions and late payments.
How do you apply for a credit card that fits my needs?
Once you are decided on the best credit card for you, then go to the bank and fill out forms for apllication and submit it. However, the fastest way is to do it online. you also have the option to call.
The process of application is similar across all credit card companies. You would typically be required to give your name, birth date, address, security number, employment status, and annual income.
The credit card company may also require you to present any form of identification, perhaps your license, passport, or other government issued IDs.
Once you’ve submitted your application, you will receive a decision. Some takes only seconds, but most would take days or weeks. Once you are approved, it usually takes only two weeks for you to receive your card.
Is Chase Freedom Unlimited for you?
- If you want to keep things simple with your purchases and rewards without worrying of any rotating schemes and categories, then Chase Freedom Unlimited is worth your attention and consideration
- And if you are one of those people that use only one card for all the purchases and transaction, this is also for you.
- If you have a bonus category card and you are looking for a flat rate card to maximize your rewards, this should be one of your top three lists.
- And if you belong to those types of people who want to collect ultimate reward points, then here is your blessing card for that purpose.
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You may apply to Chase Freedom Unlimited online. Go to the Chase website. Click on “Apply Now” and fill out the form that pulls up.
Chase Freedom Unlimited is a cashback credit card that offers a lot of value. It offers flat rate of 1.5% cashback on all your spending categories. It is a first tier type of card included in the Chase’s Ultimate Rewards family of cards. It also gives you a huge signup bonus of $150 if you spent $500 within the first three months. Plus, another $25 if you add another authorized user and make a purchase within also the first three months.
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Chase Freedom Unlimited: Final Thoughts
As mentioned earlier, not all people would benefit from this credit card. So you better make sure that you are getting this card because you are aware of what is at stake. Something that sounds good does not mean that it is also good for you. It may be for others but not for you. If you want to know more, just contact Chase Customer Service and they will provide you answers that this article cannot give.
Now, if all the benefits here ring your bell and all the cons do not seem to apply to you, then it is high time that you decide to get it as soon as possible. For this articles question, why do you think Chase Freedom Unlimited is a good choice for you? Tell us what you think in the comment section. We appreciate shared ideas and thoughts with you guys. And we will also respond from time to time so you would know that we are reading your comments.