When it comes to credit cards with no annual fees, one of the first ones I recommend to people, especially if you hold a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® is without a doubt the Chase Freedom Unlimited® Credit Card.
A Great Welcome Offer
Now is as good of time as any to look into the Chase Freedom Unlimited, as there is currently a solid initial offer on this card. You can earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
There’s some pretty important things to remember here, so keep in mind that this card is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.
Is the Chase Freedom Unlimited Worth It?
Since the card comes with a $0 annual fee, it’s pretty easy to justify. However, let’s break down some of the benefits of the card: for starters, you’re earning unlimited 1.5% cash-back on every purchase, making this a fantastic “everyday” card.
There’s also bonus categories, including earning 3% on dining at restaurants, including takeout and eligible delivery services as well as earning 3% on drugstore purchases. Plus, you’ll even earn 5% on travel purchased through Chase TravelSM.
If you’ve got some big purchases coming up, you can also take advantage of a low intro APR. This card offers a 0% intro APR for 15 months from account opening, then the ongoing variable APR of 18.24% – 27.74%.
Should I get this card if I have a Sapphire Preferred or Sapphire Reserve?
In my opinion, if you have one of these two cards, or even the Chase Ink Business Preferred® Credit Card, this card becomes even more enticing.
If you have a card that earns Chase Ultimate Rewards points (those three do), you can actually move your cash-back from your Chase Freedom Unlimited to a card that earns Ultimate Rewards points. That means that earning 1.5% in cash-back can be the equivalent to earning 1.5x in Ultimate Rewards points.
My Final Thoughts
Since you can transfer Ultimate Rewards points out to partners like Hyatt, British Airways, United, and more. Your “cash-back” can effectively become transferrable points.
If you already have a card that earns Ultimate Rewards points and you’re planning on moving the cash-back to a Ultimate Rewards points earning card, then the limited time offer on this card can essentially be looked at as 20,000 Ultimate Rewards points rather than the $200 bonus.
That’s already enough points to begin booking multiple nights at Hyatt Category 1 or Category 2 hotels (at least for now), so that bonus can become a lot more valuable.
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Editorial Disclosure: The opinions are Pat’s alone. This content is not reviewed or endorsed by any entities.
