Chase Freedom Unlimited Visa

Chase Freedom Unlimited Visa Review

This is a cashback credit card issued by Chase Bank. If you're wondering whether Chase Freedom Unlimited is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 15 months, which is longer than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 15 months.
• Signup bonus. Offers a signup bonus of up to $200 if you spend $500 within 3 months.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.99% up to 26.74%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. Chase Freedom Unlimited Visa charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, purchase protection, travel assistance, trip cancellation insurance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 640.

Pros & Cons of Chase Freedom Unlimited

The Good

The Bad

0% APR balance transfer intro rate on balance transfers for up to 15 months. 0% APR on new purchases during the first 15 months. There is then a variable purchase APR that ranges from 17.99% up to 26.74%. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Free access to your credit score. Identity Theft Protection. Travel assistance insurance Trip cancellation insurance. Cardholders can earn rewards on their purchases. Chase Freedom Unlimited Visa reports to multiple credit bureaus.

Higher than average purchase APRs. Charges a foreign transaction fee of 3%. Rewards bonus rate of only 1.5% on most everyday purchases. Terms apply*. Charges a 5% balance transfer fee.

Chase Freedom Unlimited FAQ

Does Chase Freedom Unlimited have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1.5% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.

Chase Freedom Unlimited Rewards

Minimum rewards rate	1.5x
Max rewards rate	1.5x
Annual rewards limit	N/A
Signup Bonus ($)	Starting at $200
Signup Bonus Spend Requirement	$500
Signup Bonus Spend Period (months)	3 months

What are the Chase Freedom Unlimited benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Chase Freedom Unlimited?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Chase Freedom Unlimited Visa has a variable purchase APR that ranges from 17.99% up to 26.74%. The card has a variable balance transfer APR that ranges from 17.99% up to 26.74%. It also has a variable cash advance APR of 27.99% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the fees for Chase Freedom Unlimited?

The following fees apply:

• There is no overlimit fee

Chase Freedom Unlimited Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Chase Freedom Unlimited Visa report your account activity to credit bureaus?

Yes, Chase Freedom Unlimited Visa reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Chase Freedom Unlimited

• Visit the Chase Freedom Unlimited website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.