Red indicates the feature is worse than our benchmark, and white indicates the feature is either equivalent or cannot be directly compared to our benchmark.Įarn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Green indicates a card feature that is better than our benchmark. The features of each card in the below chart are colored in green, red or white. Here’s how the Chase Freedom Unlimited scores against our benchmark. That doesn’t mean it’s the best credit card on the market - rather, it means we use it as a basic standard to compare other credit cards and see where they score better and worse. Stacking up the Chase Freedom Unlimited to our benchmark cardĬNN Underscored has chosen the Citi Double Cash Card as our “benchmark” credit card. Travel expenses add up substantially and you should be able to use your card to earn rewards without a penalty. That’s not ideal on international travel if you want to use the Freedom Unlimited’s 1.5% cash back base rate to earn rewards. Lastly, the card charges a 3% foreign transaction fee on purchases originating abroad. Since the Freedom Unlimited is subject to the Chase 5/24 rule, you should consider whether the card’s perks and welcome bonus are worthwhile. Granted, the Sapphire has a $95 annual fee, but the welcome bonus would still make up for that. Meanwhile, you could get a card like the Sapphire Preferred and convert its 60,000-point welcome bonus to $600 cash back. Cardholders also get 5% cash back on grocery spending during the first year, but that’s limited to the first $12,000 you spend in this category. The sign-up bonus is only $200 after spending $500 within three months of opening an account. Second, the sign-up bonus for the Chase Freedom Unlimited is relatively low compared to other rewards cards. The best credit cards for international travel in 2023 This means you will not be able to maximize your rewards with this card as much as with other cards. The card offers a baseline 1.5% cash back on all purchases, which is lower than the 2% cash back offered by the Citi® Double Cash Card. This can be a great way to save money if you need to make a large purchase or want to pay down existing debt without incurring interest charges during this period.ĭisadvantages of the Chase Freedom Unlimitedįor all its positive attributes, the Chase Freedom Unlimited has some drawbacks worth noting.įirst, the card’s rewards structure is less generous than other cash back cards. The Chase Freedom Unlimited also offers an introductory 0% APR period for 15 months on both balance transfers and purchases made within the first 60 days of opening your account. Additionally, your points never expire as long as your account remains open and in good standing. You can redeem your rewards for statement credits, travel purchases, gift cards and more. You can earn 1.5% cash back on all purchases, with no limit on how much you can earn.Īnother advantage of the Chase Freedom Unlimited is its flexibility in redeeming rewards. The Chase Freedom Unlimited offers a generous rewards program with no annual fee, making it an attractive option for many consumers. It also pairs great with an Ultimate Rewards-earning card like the Sapphire Reserve, helping you earn more rewards and convert them to valuable points.Īdvantages of the Chase Freedom Unlimited Overall, the Chase Freedom Unlimited is an excellent choice for those looking for an easy way to earn flexible rewards. This allows cardholders to convert their cash back to points and redeem them for even more valuable rewards, such as first-class flights or hotel stays. One of the best features of the Chase Freedom Unlimited is its ability to be combined with other cards from the Ultimate Rewards program, like the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® cards. Chase Sapphire Reserve: Which credit card is best for you? Your CNN account Log in to your CNN accountĬhase Sapphire Preferred vs.
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