Chase's Freedom Unlimited review: One of the best cash-back credit cards — with perks that many competing cards don't offer

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Chase Freedom Unlimited®

Chase Chase Freedom Unlimited®Chase Chase Freedom Unlimited®

Annual Fee
Regular APR
Credit Score
  • A five pointed star
  • A five pointed star
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  • 4.6 out of 5 Stars
    Editor's Rating

    Chevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.

    Annual Fee

    $0

    Regular APR

    14.99%–23.74% variable APR

    Credit Score

    Good to ExcellentA five pointed star

  • A five pointed star
  • A five pointed star
  • A five pointed star
  • A five pointed star
  • 4.6 out of 5 Stars
    Editor's Rating
    Featured Reward

    $200 after spending $500 in the first three months from account openingChevron iconIt indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Details
  • Pros & Cons
    • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
    • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
    • Earn unlimited 1.5% cash back on all other purchases.
    • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 – 23.74%.
    • No annual fee
    • No minimum to redeem for cash back
    • Cash Back rewards do not expire as long as your account is open
    Pros
    • Solid flat cash-back rate
    • You can combine cash-back rewards with Ultimate Rewards points if you have an eligible card
    • No annual fee
    Cons
    • Some other cards offer a higher rate of cash back on certain types of purchases

    Freedom Unlimited costs and fees

    This card has no annual fee and most other fees are easily avoidable. As long as you pay your card off in full every month and skip balance transfers, cash advances, and pay on time, you won't ever pay to keep or use this card.

    Starting out, this card offers 0% APR for 15 months on purchases. This may allow you to consolidate other debt to this card and pay it off completely during the no-interest period. After the intro period, the card charges variable-rate interest. Current rates are a 14.99%–23.74% variable APR based on your credit history. Rates can change at any time with market rates. In the current rising interest rate environment, they are likely to follow suit.

    Balance transfers cost 5% of the transferred balance with a $5 minimum. Cash-advance transactions charge 5% with a $10 minimum. Late and returned payments cost up to $39 per occurrence.

    This card charges a 3% foreign transaction fee. If you travel outside the United States regularly, you can find a card, like the Chase Sapphire cards mentioned above, that charge no foreign transaction fee.

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    Please note: While the offers mentioned above are accurate at the time of publication, they’re subject to change at any time and may have changed, or may no longer be available.

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