The Chase Freedom Unlimited® Credit Card is designed to offer cardholders a straightforward, rewarding experience with no annual fee and a host of attractive benefits. Whether you’re a frequent traveler, a foodie, or simply someone who enjoys earning cash back, this card is a great fit for a variety of lifestyles. With a $250 bonus and the chance to earn unlimited rewards, this card can help you maximize your spending power.

In addition to the sign-up bonus, the card offers excellent earning potential with 1.5% cash back on all purchases and higher rates on dining, drugstore purchases, and travel bookings. Let’s dive into the key features and benefits of this card to see how it can enhance your financial journey.

Main features of the Chase Freedom Unlimited® Credit Card

How does the annual fee work?

The Chase Freedom Unlimited® Credit Card stands out by offering $0 annual fee. This is a significant advantage, as many credit cards charge yearly fees that can add up quickly. With no annual fee, you can enjoy all the benefits and rewards the card offers without worrying about extra costs. This makes it an attractive option for those who want to avoid unnecessary charges while still enjoying the perks that come with a premium rewards card.

How is the credit limit determined?

The credit limit for the Chase Freedom Unlimited® Credit Card is primarily determined by the institution based on your creditworthiness. Factors such as your credit score, income, and existing debt obligations are considered when setting the initial limit. If you’re applying for a conventional credit card, the bank will evaluate your financial history to determine an appropriate limit.

For those using a prepaid card, the limit is usually decided by the amount of money deposited into the account, and the customer has control over how much they deposit.

Advantages of the Chase Freedom Unlimited® Credit Card

This card offers several compelling reasons to consider applying. Below are some of the most significant advantages:

• Earn Unlimited Cash Back: Enjoy unlimited 1.5% cash back on all purchases, ensuring that every dollar you spend earns you rewards.
• Cash Back on Dining & Drugstore Purchases: Earn 3% cash back on dining at restaurants and drugstore purchases, making it a great choice for those who frequently dine out or shop for necessities.
• 5% Cash Back on Travel Purchases: When you book travel through Chase TravelSM, you can earn 5% cash back on your bookings, a great incentive for frequent travelers.
• No Expiration on Cash Back: Your rewards never expire as long as your account remains open, giving you the flexibility to redeem your points whenever you like.
• Low Introductory APR: Enjoy 0% intro APR on purchases and balance transfers for the first 15 months, which can help you manage large purchases without incurring interest.

Highlighted advantage: Cash Back Program

The standout feature of the Chase Freedom Unlimited® Credit Card is its Cash Back rewards. Whether it’s dining out, shopping for essentials, or booking travel, you earn cash back on every purchase. The tiered cash back structure, offering 3% on dining, drugstores, and 5% on travel, ensures that your everyday spending yields substantial rewards. Plus, the unlimited 1.5% on all other purchases means that every transaction contributes to your savings.

Disadvantages of the Chase Freedom Unlimited® Credit Card

While the Chase Freedom Unlimited® Credit Card offers an array of benefits, it’s important to consider the potential downsides before applying:

• High APR After Introductory Period: After the initial 15-month 0% APR period, the card carries a variable APR between 19.74% and 28.49%. This can be costly if you carry a balance beyond the introductory period.
• Foreign Transaction Fees: Like many other credit cards, there may be fees for purchases made outside the United States, so it’s important to be mindful of this when traveling abroad.

Highlighted disadvantage: High APR after introductory period

The most significant disadvantage of the Chase Freedom Unlimited® Credit Card is the high APR once the introductory period ends. For cardholders who do not pay off their balance in full within 15 months, the APR can range between 19.74% and 28.49%. This could be quite expensive for those who often carry a balance or make large purchases that take time to pay off.

Who can apply for the Chase Freedom Unlimited® Credit Card?

Before applying for the Chase Freedom Unlimited® Credit Card, there are some eligibility requirements to keep in mind:

• Age Requirement: Applicants must be at least 18 years old.
• Minimum Income: While there’s no specific income requirement, applicants should demonstrate a stable income to increase approval chances.
• Credit Score: A good to excellent credit score is typically needed for approval. Generally, a score above 670 is preferred.
• Credit History: Applicants should have a clean credit history, though some applicants with a less-than-perfect credit score may still be eligible.
• Availability for Negative Credit: This card is not available for individuals with a poor credit history or active delinquencies.
• Proof of Income: Applicants will be required to submit proof of income, such as pay stubs or tax returns, to verify their financial stability.

How to apply for the Chase Freedom Unlimited® Credit Card

Online Application

You can easily apply for the Chase Freedom Unlimited® Credit Card through the Chase website. Here’s a step-by-step guide:

• Visit the official Chase website.
• Select the Chase Freedom Unlimited® Credit Card from the credit card options.
• Click on the “Apply Now” button and fill in your personal details, including your income, employment information, and social security number.
• Submit your application, and you’ll receive an instant decision or be notified of further steps.

Application via Mobile App

To apply via the Chase mobile app:

• Download the Chase mobile app if you haven’t already.
• Open the app and log in to your account.
• Navigate to the credit cards section and select the Chase Freedom Unlimited® Credit Card.
• Complete the application process directly in the app.

In-Person Application

If you prefer to apply in person, you can visit a local Chase branch. Speak with a representative who will assist you with the application process.