Note, the disclosure about limitations on who will receive the $150 bonus only refers to current Freedom Unlimited customers. Freedom and Freedom Unlimited are two different products in the Chase ecosystem.
- Unlimited 1.5% cash back on every purchase - it's automatic
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
- Redeem for cash - any amount, anytime
- Cash Back rewards do not expire as long as your account is open
- No annual fee.
Editor's Notes & Price Research
Please refer to the terms & conditions for more information. There are no annual fees on this credit card - Discombobulated
1.5% UNLIMITED CASH BACK EARN UNLIMITED 1.5% CASH BACK
on every purchase. It's automatic!* REDEEM FOR CASH BACK - ANY AMOUNT, ANYTIME
and your Cash Back rewards do not expire as long as your
account is open.*
NEW CARDMEMBER BONUS
$150 BONUS EARN A $150 BONUS after you spend $500 on purchases
in your first 3 months from account opening.* EARN A $25 BONUS when you add your first authorized
user and make your first purchase within this same
You can always combine UR points with other chase cards like INK/Saphire for even better redemption
I am not sure if previous freedom owners are eligible for the bonus feel free to chime in...
Below are the terms of the offer...
This product is not available to either (i) current cardmembers of this credit card, or (ii) previous cardmembers of this credit card who received a new cardmember bonus for this credit card within the last 24 months
For folks with CSP/Ink, this is a GREAT addition, no other chase cards gives you 1.5 UR points/$ it's an amazing everyday card...
If you pair this with a 'premium' UR card (currently the Chase Sapphire Preferred or Chase Ink Plus cards), these can be transferred to the premium card. These points are much more valuable. Many travel sites value these at over 2 cents per point. This effectively turns this card into a 3% travel rewards card, provided you redeem them for travel worth 2 cents per point.
When used only as a cashback card:
No comparable cashback cards are giving a bonus of $150 for a small spend of $500.
Citi 2% Card gives you ZERO sign up bonus, so here is the math with citi double cash card.
Apply for Citi double cash card:
2% CB on everything : Cashback earned-- $600
Apply for Chase freedom unlimited:
1.5% CB on everything : Cashback earned-- $450
One time bonus -- $150
Total cashback= $625
Even with a spend over $30k, freedom unlimited comes ahead! You can do similar math for Discover IT or Quicksilver cards before you go ahead and apply for a cashback card.
Note: Freedom Unlimited vs any double cashback only comes out ahead during first year. If you plan on keeping longer and continue to use as primary card, you start losing out to double cashback. Using the above example for 2 years. $1075 for Freedom Unlimited vs Citi Double Cashback of $1200.
Remember, if you do have Chase Saphire or Ink, the 45k UR points you earn on the 30k spend i mentioned above is well worth over $750 if you redeem for travel...