The Chase Freedom Unlimited ® credit card awards 1.5% cash back for every $1 spent on all purchases You also earn 5% cash back on travel purchases made through Chase Ultimate Rewards ® and 3% cash back on dining purchases at restaurants, including takeout and eligible delivery services, and drugstores.
Is the Chase Freedom unlimited card good for travel?
Yes, the Chase Freedom Unlimited® is good for travel in the U.S. because it offers 5% on travel purchased through Chase and has a $0 annual fee. The Chase Freedom Unlimited Card also comes with travel benefits like rental car insurance, trip cancellation insurance, a travel emergency hotline and more.
Does Chase Freedom Unlimited include fast food?
In addition to travel, Chase Freedom rewards categories include an unlimited 3% bonus on dining and drugstore purchases. Chase’s dining category is broad; everything from fast food to fine dining counts, as well as takeout and eligible delivery services.
How does the Chase Freedom unlimited card work?
How does the Freedom Unlimited card cash-back work? The Freedom Unlimited card’s cash-back is recorded as points and stored as Chase Ultimate Rewards points Each point is equivalent to 1 penny if redeemed for cash. Cash-back can be redeemed for a statement credit or a direct deposit into your bank account.
Does Chase Freedom have rental car coverage?
The Chase Freedom Flex℠ and Chase Freedom Unlimited® both offer insurance coverage for the financial cost of damage or theft to a rented vehicle However, coverage through the collision damage waiver (CDW) is secondary insurance — it only kicks in after other forms of insurance (like your personal car insurance).
Does Chase Freedom cover cell phone damage?
Cell phone protection: Get up to $800 per claim and $1,000 per year in cell phone protection against covered theft or damage for phones listed on your monthly cell phone bill when you pay it with your Chase Freedom Flex℠. You can make a maximum of two claims in a 12-month period with a $50 deductible per claim.
What is the best way to use Chase Freedom Unlimited?
To maximize Chase Freedom Unlimited, make sure to earn the initial bonus, use the card for everyday spending, and take advantage of the travel, dining, and drugstore bonus categories You should also pay your statement balance in full every month after the first 15 months, when the 0% purchase APR period expires.
Is Chase Freedom Unlimited hard to get?
Chase Freedom Unlimited® is fairly hard to get , as it requires at least good credit for approval, meaning a minimum credit score of 700. The Chase Freedom Unlimited card is even harder to get with scores lower than that.
How many credit cards is too many credit cards?
How many credit accounts is too many or too few? Credit scoring formulas don’t punish you for having too many credit accounts, but you can have too few. Credit bureaus suggest that five or more accounts , which can be a mix of cards and loans, is a reasonable number to build toward over time.
What credit score is needed for Chase Freedom Unlimited?
Is Chase Freedom Unlimited hard to get? You’ll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better But a credit score alone isn’t enough to qualify for any credit card.
Is Chase Freedom Unlimited a metal card?
No, the Chase Freedom Unlimited card is not metal , it is made of plastic. Chase Freedom Unlimited makeup and design are standard for all cardholders. Chase currently issues only two metal cards, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® card.
What’s the difference between Chase Freedom and Freedom Unlimited?
The difference is that the Chase Freedom Flex℠ earns 5% on quarterly rotating categories and 1% cash back on everything else, while the Chase Freedom Unlimited ® earns 1.5% cash back on everything else.
What type of card is Chase Freedom Unlimited?
Chase Freedom Unlimited is a cash back credit card with no annual fee and a 0% intro APR for 15 months from account opening on purchases and balance transfers, which may make it a good choice for most consumers who qualify, especially those who want to earn a solid rewards rate on every purchase.
What are the 5 categories for Chase Freedom?
- Restaurants.
- Gas stations.
- Grocery stores.
- Select travel.
- Select transit.
- Select streaming services.
- Drugstores.
- Home improvement stores.
Can I upgrade my Chase Freedom card to Sapphire?
Yes, you can typically upgrade a Chase Freedom card to another card, such as the Chase Sapphire Preferred® Card However, you must still be approved for the card to which you want to upgrade. The Chase Sapphire Preferred® Card has higher credit score and income requirements. An upgrade approval is not guaranteed.
Does gas count as travel Chase Freedom Unlimited?
No, gas station purchases do not count as travel on the Chase Sapphire Preferred card or the Ink Business Preferred card In fact, none of the Ultimate Rewards-earning credit cards count gas as a travel expense.
What counts as a drug store for Chase?
Drugstores. Merchants in the drugstores category specialize in selling prescription drugs and over-the-counter medicines, supplements and various health-related items These merchants may also sell cosmetics, toiletries, greeting cards, and various household items such as cleaning supplies and packaged foods and drinks.
Can you have 2 Chase Freedom cards?
Although it might seem counterintuitive to have both the Chase Freedom Flex and Freedom Unlimited or to have two of the same card, there are cases where it can be beneficial. With the Freedom Unlimited card, there’s no benefit to owning more than one as the card earns 1.5% cash back with no limits on all purchases.
Is Starbucks considered a restaurant for credit cards?
As long as a merchant classified itself in a restaurant category when applying to accept credit cards, the purchase will qualify For instance, bars (including ones that don’t serve food) and coffee shops such as Starbucks typically code as dining purchases.
Who is considered immediate family member Chase?
Chase defines immediate family as “your Spouse or Domestic Partner and their children, including adopted children or step-children; legal guardians or wards; siblings or siblings-in-law; parents or parents-in-law; grandparents or grandchildren; aunts or uncles; nieces or nephews.”.
Does Chase debit card cover rental car insurance?
When you rent a car and pay for the rental with an eligible Chase credit card, your rental car will be covered thanks to your credit card collision damage waiver (CDW) The CDW will help reimburse you for damages or a replacement if your rental car is involved in an accident or theft.
Does Chase Freedom Unlimited have international fees?
Fees. There is no annual fee with the Chase Freedom Unlimited®, but there is a 3% fee charged on foreign transactions.
Does Chase cover stolen packages?
Chase credit card purchase protection covers you for up to $50,000 annually for lost, damaged or stolen items purchased with an eligible Chase card Claims must be filed within 120 days of the incident in order to be eligible.
What Chase cards offer cell phone protection?
Two Chase offerings, the Chase Freedom Flex℠ and Ink Business Preferred® Credit Card , provide cell phone coverage.
Does Chase card have cell phone insurance?
Chase – The Ink Business Preferred ® Credit Card, covers phones up to the value of $600, up to 3 claims per year, and pulls a $100 deductible per claim.
Do Chase Freedom Unlimited points expire?
It’s easy to redeem points you earn on the Chase Freedom Unlimited ® card. First, your points never expire as long as your account is open , and you can redeem them for cash back with no minimum by logging in to your Chase account, just choose whether you want a statement credit or a transfer into your bank account.
Which Chase card earns the most points?
The Sapphire cards tend to have the largest bonus offers with Preferred and Reserve offering 60,000 points. Both bonuses require you to spend $4,000 on purchases in the first three months from account opening.
Why was Chase Freedom Unlimited denied?
Chase Freedom Unlimited® applications could be denied because of a low credit score (below 700), not enough annual income, or too many recent credit inquiries Other grounds for denial could be incomplete or inaccurate information on the application, or a pending bankruptcy on your credit report.
What is the Chase 5 24 rule?
Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase’s 5/24 rule means that you can’t be approved for most Chase cards if you’ve opened five or more personal credit cards (from any card issuer) within the past 24 months.
Is Chase Sapphire better than Chase Freedom?
Chase Freedom Unlimited is better for everyday use and intro APRs. But Chase Sapphire Preferred is the clear choice for travel rewards and a big initial bonus Sapphire Preferred also has a $0 foreign transaction fee, while Freedom Unlimited charges 3% of each transaction in U.S. dollars.
Is a $3000 credit limit good?
Adam McCann, Financial Writer A good credit limit is above $30,000 , as that is the average credit card limit, according to Experian. To get a credit limit this high, you typically need an excellent credit score, a high income and little to no existing debt.
Is 7000 A good credit limit?
A high-limit credit card typically comes with a credit line between $5,000 to $10,000 (and some even go beyond $10,000). You’re more likely to have a higher credit limit if you have good or excellent credit.
What credit score is needed for a $5000 card?
You will likely need a credit score of 600 or above to qualify for a $5,000 personal loan.
Is it better to close a credit card or leave it open with a zero balance?
The standard advice is to keep unused accounts with zero balances open The reason is that closing the accounts reduces your available credit, which makes it appear that your utilization rate, or balance-to-limit ratio, has suddenly increased.
How many times a month should I use my credit card to build credit?
You should use your secured credit card at least once per month in order to build credit as quickly as possible. You will build credit even if you don’t use the card, yet making at least one purchase every month can accelerate the process, as long as it doesn’t lead to missed due dates.
Is it good to have a lot of credit cards with zero balance?
Is It Bad To Have a Lot of Credit Cards With Zero Balance? Unfortunately, it can be. Keeping a low credit utilization ratio is good, but having too many credit cards with zero balance may negatively impact your credit score.
Citations
https://www.cnbc.com/select/chase-freedom-flex-vs-chase-freedom-unlimited/
https://www.forbes.com/advisor/credit-cards/reviews/chase-freedom-unlimited-credit-card/
https://www.creditcards.com/reviews/chase-freedom-unlimited-card/
