Forum Thread Advertiser Disclosure

Chase Freedom Unlimited® Credit Card: Earn 3% Cash Back on All Purchases (Up to $600 Cash Back)

+5 Deal Score
8,494 Views
Chase Freedom Unlimited® is offering a 3% cash back on all purchases up to $20,000 spent (on purchases within the first 12-months of your account opening). Earn up to $600 cash back in your first year.

  • 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℠
  • No annual fee


Slickdeals may be compensated by Chase.
Good deal?
You gave thanks to Hanger for this post.
Thank you!
Hanger posted this deal. Say thanks!
Add Comment
Created 04-03-2019 at 12:26 PM by Hanger
If you take advantage of an offer on our site, Slickdeals may receive a commission.
Deal
Score
+5
8,494 Views
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

22 Comments

1 2

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Dec 2010
L4: Apprentice
380 Posts
78 Reputation
#2
wow, that's an awesome offer. I assume no way to get it if you already have a Freedom Unlimited?
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2008
L8: Grand Teacher
3,575 Posts
881 Reputation
#3
Quote from Topper59
:
wow, that's an awesome offer. I assume no way to get it if you already have a Freedom Unlimited?

I doubt it, although Discover did something similar and gave it to current card holders for the first year (when they did the 2x yearly rewards thing).
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2009
L2: Beginner
90 Posts
16 Reputation
Original Poster
#4
Quote from Topper59
:
wow, that's an awesome offer. I assume no way to get it if you already have a Freedom Unlimited?
This deal is way too lucrative to be offered to current card holders Roll Eyes (Sarcastic)
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2011
L3: Novice
118 Posts
148 Reputation
#5
Not that lucrative

$150 is normal bonus

This gets you $300 with a much higher spend....
Reply Helpful Comment? 0 1
This comment has been rated as unhelpful by Slickdeals users
Joined Mar 2013
L5: Journeyman
692 Posts
256 Reputation
#6
With no sign up bonus, break-even point is $10,500.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2011
L7: Teacher
2,159 Posts
142 Reputation
#7
wait isnt 3% of 20,000 = 600$?
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2009
L10: Grand Master
9,148 Posts
2,757 Reputation
Our community has rated this post as helpful. If you agree, why not thank ?
#8
Quote from giantbruin
:
With no sign up bonus, break-even point is $10,500.

Nope...sounds like you are comparing the $150 signup to the "extra" 1.5% of 10.5k?

Can't look at it like that though.

At 1.5% it never made sense to use this card in the first place.

You'd need to compare it to the 2% or better cards out there.

For example compared to the Fidelity or Citi cards that give 2% on everything (no cap either) you're only earning 1% more.

So you'd need to spend $15,000 to match the $150 sign-up bonus.

And that's $15,000 only in categories where you can't already earn 3-6% cash back on other cards already.



The only time this deal would offer decent value compared to the previous signup is if you actually don't do cash back, and instead use the UR points for travel- where you can potentially get a lot more than 1 cent a point out of the rewards.

And even then you'd need to come up with something over $10,000 spend that you can't already get 3x or 5x on with other Chase cards to make it worthwhile.




Quote from Kensic
:
wait isnt 3% of 20,000 = 600$?
Yes, but ignores the opportunity cost of putting 20k spend on this fairly mediocre deal compared to earning a ton more putting that spend elsewhere.
Reply Helpful Comment? 6 1

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Mar 2013
L5: Journeyman
692 Posts
256 Reputation
#9
Quote from Knightshade
:
Nope...sounds like you are comparing the $150 signup to the "extra" 1.5% of 10.5k?

Can't look at it like that though.

At 1.5% it never made sense to use this card in the first place.

You'd need to compare it to the 2% or better cards out there.

For example compared to the Fidelity or Citi cards that give 2% on everything (no cap either) you're only earning 1% more.

So you'd need to spend $15,000 to match the $150 sign-up bonus.

And that's $15,000 only in categories where you can't already earn 3-6% cash back on other cards already.



The only time this deal would offer decent value compared to the previous signup is if you actually don't do cash back, and instead use the UR points for travel- where you can potentially get a lot more than 1 cent a point out of the rewards.

And even then you'd need to come up with something over $10,000 spend that you can't already get 3x or 5x on with other Chase cards to make it worthwhile.






Yes, but ignores the opportunity cost of putting 20k spend on this fairly mediocre deal compared to earning a ton more putting that spend elsewhere.
Yeah I was doing an "all things equal" comparison. Of course things change if you add the opportunity cost of not using other cards. Found this analysis on reddit:

A. 1.5x + $150 Bonus
15,750 after $500 spend
23,250 after $5000 spend
30,750 after $10000 spend
31,500 after $10500 spend
B. 3x Promo
1,500 after $500 spend
15,000 after $5000 spend
30,000 after $10000 spend
31,500 after $10500 spend
Reply Helpful Comment? 2 0
This comment has been rated as unhelpful by Slickdeals users
Joined Aug 2009
All deals all day
2,175 Posts
1,478 Reputation
#10
Quote from giantbruin
:
Yeah I was doing an "all things equal" comparison. Of course things change if you add the opportunity cost of not using other cards. Found this analysis on reddit:

A. 1.5x + $150 Bonus
15,750 after $500 spend
23,250 after $5000 spend
30,750 after $10000 spend
31,500 after $10500 spend
B. 3x Promo
1,500 after $500 spend
15,000 after $5000 spend
30,000 after $10000 spend
31,500 after $10500 spend
I think for most people the extra 1% for one year isn't as good of an offer as the $150 signup bonus they normally have. You need to spend $15k in the first year just to make back the $150 they'd normally give you (assuming you already have a 2% CB card like Citi DoubleCash or Amex Fidelity). Even then, 3% CB is capped at $20k, so you'd make $600 back on $20k spent compared to the $400 back you would have made on a 2% card.

Effectively it's a $200 sign up offer (best case scenario, if you spend $20k in the first year), assuming you already have a 2% card.
Reply Helpful Comment? 1 1
This comment has been rated as unhelpful by Slickdeals users
Joined Jun 2017
L1: Learner
357 Posts
372 Reputation
#11
Quote from Knightshade
:
Nope...sounds like you are comparing the $150 signup to the "extra" 1.5% of 10.5k?

Can't look at it like that though.

At 1.5% it never made sense to use this card in the first place.

You'd need to compare it to the 2% or better cards out there.

For example compared to the Fidelity or Citi cards that give 2% on everything (no cap either) you're only earning 1% more.

So you'd need to spend $15,000 to match the $150 sign-up bonus.

And that's $15,000 only in categories where you can't already earn 3-6% cash back on other cards already.



The only time this deal would offer decent value compared to the previous signup is if you actually don't do cash back, and instead use the UR points for travel- where you can potentially get a lot more than 1 cent a point out of the rewards.

And even then you'd need to come up with something over $10,000 spend that you can't already get 3x or 5x on with other Chase cards to make it worthwhile.






Yes, but ignores the opportunity cost of putting 20k spend on this fairly mediocre deal compared to earning a ton more putting that spend elsewhere.
Regular spend on the CFU beats 2% cashback cards since it is 2.25% minimum for travel when paired with CSR. I'm not saying this is a good deal, just that you need to compare it to itself not DC or Fido
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2009
L10: Grand Master
9,148 Posts
2,757 Reputation
#12
Quote from TheTaxman_Cometh
:
Regular spend on the CFU beats 2% cashback cards since it is 2.25% minimum for travel when paired with CSR. I'm not saying this is a good deal, just that you need to compare it to itself not DC or Fido

Man, if only my post had specifically called out the difference between using the card for cash back vs travel.

Oh, wait...it did. You even quoted me doing it.
Reply Helpful Comment? 0 2
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2006
L2: Beginner
61 Posts
26 Reputation
#13
The 3% for the first year is now available in-branch and via referral. If anyone is looking for a referral, shoot me a PM.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Aug 2009
L5: Journeyman
710 Posts
88 Reputation
#14
They dropped the $150 bonus that was previously offered on this card. I think the bonus is more valuable than the 3% for 1 year.
Reply Helpful Comment? 0 1
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2009
L2: Beginner
90 Posts
16 Reputation
Original Poster
#15
Quote from addiboy
:
They dropped the $150 bonus that was previously offered on this card. I think the bonus is more valuable than the 3% for 1 year.
Oh snap, at the time when I wrote this thread the $150 sign up bonus offer was still offered.
Now the bonus offer is replaced with this 3% offer.

RIP to $150 Sign up bonus EEK!
Reply Helpful Comment? 0 0
Last edited by Hanger April 8, 2019 at 12:51 PM.
Page 1 of 2
1 2
Join the Conversation
Add a Comment
 
Slickdeals is an independent, advertising-supported service. The card offers that appear on this page are from companies from which Slickdeals receives compensation. This compensation may impact the location and order in which these products appear. Slickdeals does not include the entire universe of available credit or financial offers.
Copyright 1999 - 2019. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard