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Earn up to $300 in bonus cash back with the Chase Freedom Unlimited

Earn up to $300 in bonus cash back with the Chase Freedom Unlimited

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The current offer gives cardholders the opportunity to earn a plethora of Ultimate Rewards points.
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woman loading groceries into her car Source: Getty Images

Editorial note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

The Chase Ultimate Rewards program offers several top travel cards that offer valuable points that you can redeem for travel purchases, but you may not be aware that Chase offers some excellent no-annual-fee cards that also earn Ultimate Rewards points.

The Chase Freedom Unlimited® is one of two such cards. The card lets you earn a high rate of rewards on every purchase, and it also offers a fair sign-up bonus that can jump start you on your way to earning points for your next vacation: Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.

Cardholders who are interested in collecting Ultimate Rewards points (or are simply interested in earning a lot of cash back) should take a close look at this offer.

Chase Freedom Unlimited®

On Chase's Secure Website

$0

15.24% - 23.99% Variable

660 - 850

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% 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; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.24% - 23.99%.
  • No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

Chase Freedom Unlimited® Bonus

New Chase Freedom Unlimited® cardholders will Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.

That gives you a maximum earning of 30,000 bonus Chase Ultimate Rewards® points. If you transfer these points to a premium Chase card, such as the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve®, that's worth an estimated $600 in value through a Chase travel partner.

Chase Freedom Unlimited® Benefits

  • 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, and 1.5% on all other purchases
  • $0 annual fee.

Chase Freedom Unlimited® Eligibility

This offer is lucrative, but are you eligible to be approved for the Chase Freedom Unlimited®? Chase, like other card issuers, has restrictions on who can qualify for its products, including its Chase 5/24 rule.

If you have been approved for five credit cards in the past 24 months, you will automatically be declined for any Chase product. This rule was instituted to deter consumers from earning sign-up bonuses to only cancel their credit cards quickly thereafter.

To find out if you are under 5/24, take a look at your credit report to see your last 24 months of activity. If you have fewer than five inquiries, you are eligible to be approved. If you have five or more inquiries, you will need to wait until enough inquiries fall off your report.

Should You Get the Chase Freedom Unlimited®?

The Chase Freedom Unlimited® card is an excellent credit card for those looking to earn rewards with ease. Many credit cards, including Chase credit cards, have spending categories for cardholders to earn more rewards. Spending categories are an excellent way to earn more rewards, but can prove to be a hassle for some. If your spending isn’t focused on one or more specific categories, a card without categories like the Chase Freedom Unlimited® makes sense.