Review: Chase Freedom Unlimited Credit Card

Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

 

If you are looking for a card with no annual fee and easy earning potential, the Chase Freedom Unlimited might be a good fit for you. The Freedom Unlimited card is a great starter card that still holds a spot in my wallet due to its straightforwardness and ability to pair with other Chase cards.

Current Offer

It's all about simplicity with the Freedom Unlimited. You can earn $200 cash back after spending $500 in your first three months. After that, earn 1.5% back on all purchases without paying an annual fee. Through March 2022, you can earn 5% (an additional 3.5%) on all Lyft rides. There is no limit to the amount of cash back that can be earned. Cash back remain valid as long as your account is open.

Earn Rate and Redemption Potential

While you can earn cash back with the Freedom Unlimited, you can also use your points for travel. This is even more valuable if you have the Chase Sapphire Preferred or Chase Sapphire Reserve. Because Chase Freedom Unlimited, Sapphire Preferred and Sapphire Reserve are all part of the Chase Ultimate Rewards program, you can transfer points between the accounts. Once points are in a Sapphire account, you can transfer 1:1 to a host of airline and hotel partners.

If you use points to book travel directly through the Ultimate Rewards travel portal, you benefit from an additional 25% or 50% bonus with the Sapphire Preferred or Sapphire Reserve, respectively. For example, if you redeem the $200 or 20,000 point signup bonus in the Unlimited Rewards travel portal, it is worth $250 (Sapphire Preferred) or $300 (Sapphire Reserve).

Analysis

I am carefully analyzing the value of annual fees now that I am traveling less due to the COVID-19 pandemic. With no annual fee, I never question the value proposition of the Chase Freedom Unlimited. I appreciate that I can use my Freedom Unlimited and earn a consistent rate (1.5%) with every single purchase. Nothing to overthink.

For purchases such as gas, dining or travel, there are options with higher earn potential. The Freedom Unlimited is best for everyday purchases that do not fall within a bonus category.

Final Thoughts

The Chase Freedom Unlimited will always have a spot in my wallet due to its ease of use, flexibility in redemption and lack of an annual fee. Although there is a solid cash back option, the ultimate value comes from pairing the card with the Chase Sapphire Preferred or Chase Sapphire Reserve for travel. Keep in mind that this card requires one of your valuable Chase 5/24 slots, so carefully consider your overall strategy.

Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

 

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