![]() If you're interested in the Freedom Unlimited for its long-term earning potential you can product change from a Chase Freedom (No longer open to new applicants) or Chase Sapphire card if your account has been open for more than one year, but you won't be able to earn the new bonus. Generally speaking, this means that you'll be automatically rejected if you've opened 5 or more credit cards in the last 24 months. Like most of Chase's credit cards, the Freedom Unlimited is restricted by the 5/24 rule. TPG values Ultimate Rewards points at 2 cents each thanks to a strong collection of transfer partners including Hyatt and United, so you can literally double the return of your Freedom Unlimited just by pairing it with the right card. ![]() If you hold one of the Chase cards mentioned above, you can combine your points from the Freedom Unlimited with the points earned on that card, turning them into full-fledged transferable Ultimate Rewards points. Technically, the Chase Freedom Unlimited is a cash-back card, but it earns rewards in the form of "points" that are worth a fixed 1 cent apiece. One important note is that the Freedom Unlimited can only achieve its full potential when paired with a premium Chase Ultimate Rewards-earning card, like the Chase Sapphire Reserve, Chase Sapphire Preferred or Ink Business Preferred Credit Card. Obviously the more you spend the bigger the gap gets, making it easy to rack up tens of thousands of points with this card. With the old offer, you would've earned a 15,000-point bonus but only earned 1.5x on your spending, leaving you with 33,000 points at the end of the year. If you spend just $1,000 a month on your Freedom Unlimited, you'll earn 36,000 points with the 3x bonus. There's no denying that this offer is more rewarding than the old $150/15,000-point offer, and even light spenders should be able to get a great deal of value out of this. The Freedom Unlimited is certainly not the first card to move away from fixed bonus offers and instead reward customers who spend more. This is the new standard offer, so it will be available for the foreseeable future without any specific end date. ![]() The card still doesn't have an annual fee and will continue to earn 1.5x points on all purchases after you meet the $20,000 cap. Now, new card holders will earn 3% back or 3x points on their first $20,000 in purchases in the first year of card membership. However, Chase has just changed the offer. The lack of an annual fee on the Freedom Unlimited, as well as its 1.5x earning on all purchases (with no bonus categories or annual limits to worry about), makes it a great choice for quickly racking up Chase Ultimate Rewards points - if you pair it with a card that earns UR points, that is.įor most of its history, the Freedom Unlimited has offered the same sign-up bonus of $150 (or 15,000 points) after spending $500 in the first 3 months. The Chase Freedom Unlimited has long been both a great starter card for those with limited credit history and the ideal complement to cards like the Chase Sapphire Preferred Card or Chase Sapphire Reserve. Update: Some offers mentioned below are no longer available. The Points Guy will not share or sell your email. ![]() I would like to subscribe to The Points Guy newsletters and special email promotions.
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