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Chase Freedom Unlimited® offers cash back rewards, exclusive benefits, and no annual fee.
The Chase Freedom Unlimited® is one of the most popular credit cards on the market, offering a combination of cash back rewards, exclusive benefits, and a non-existent annual fee.
Its cash back options cater to different types of consumers, providing the opportunity to optimize daily purchases.
And with 3% rewards at restaurants and 5% on trips purchased through Chase Travel, the card stands out for the generosity of its cashback rates.
Not to mention that the process of Accumulating rewards is simple and straightforward, which makes using the card even more advantageous.
Chase Freedom Unlimited
No annual fee Up to $200 bonus.How does the Chase Freedom Visa Unlimited® work?
The Chase Freedom Unlimited® works by offering cash back rewards on all purchases made with the card.
Shopping in restaurants and pharmacies offer 3% cashback, while trips made through the Chase Travel™ earn 5% rewards.
For all other purchases, the card offers 1.5% unlimited cashback, without limits or complex categories. This means that no matter what you buy, you’ll always be racking up rewards.
Additionally, the card offers a 0% introductory interest rate for 15 months both for shopping as for balance transfers, allowing you to manage your payments more flexibly and interest-free.
Main benefits of Chase Freedom Visa Unlimited®
The main benefit of Chase Freedom Visa Unlimited® and the Unlimited 1.5% cashback on all purchases.
This means you can earn rewards on virtually any transaction, whether it’s at the supermarket, in retail stores or even online purchases.
There are no limited categories, which makes the card extremely flexible and easy to use for anyone.
Another important benefit is the $250 welcome bonus offer, which you earn after spending $500 in the first 3 months after account opening.
Additionally, the card offers 5% on travel purchased through Chase Travel™, which can generate significant savings for those who travel frequently.
The Chase Freedom Visa Unlimited® also stands out for no annual fee, which means you can enjoy all the benefits and rewards without worrying about extra costs.
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Cons of Chase Freedom Visa Unlimited®
One of the negative points is the foreign transaction fee of 3%, in this case, if you use the card when traveling internationally, you will end up paying an additional fee on each purchase made outside the United States.
Another disadvantage of the card is the balance transfer fee. Although the card offers a 0% introductory interest rate for 15 months, after this period, the taxa APR can be quite high, ranging between 19.74% and 28.49%.
Furthermore, although the 1.5% cashback on all purchases is advantageous, there are other cards on the market that offer 2% or more in cashback with no category limitations.
APR and Fees
The Chase Freedom Unlimited® offers a 0% introductory interest rate for 15 months on purchases and balance transfers.
This is extremely advantageous as it allows you to make large purchases or transfer balances from other cards without worrying about interest for a long period of time.
After the introduction ends, the APR becomes variable, between 19.74% and 28.49%, which means it’s important to pay your balance in full by the introductory deadline to avoid high fees.
Additionally, the card has balance transfer fees of 5% or $5, whichever is greater, which should be taken into account if you decide to transfer debts from other cards to Chase Freedom.
There is also a 3% foreign transaction fee, which is relevant for those who often travel outside the country.
However, the most positive point in relation to fees is the annual fee exemption. This means you can enjoy all the benefits of the card without paying a fixed amount every year, which makes Chase Freedom an attractive card for those who do not want to incur additional costs.
How to apply for the Chase Freedom Visa Unlimited®
To sign up for Chase Freedom Unlimited®, the first step is to access the official Chase website.
There, you will find a simple and quick registration form, where you will need to fill in your personal details and financial information, such as your annual income and credit history.
The approval of your request depends on the credit analysis carried out by the institution, which will assess whether you meet the requirements for the card.
Furthermore, it is important to keep in mind that the credit score is a crucial factor in approving your application.
Although Chase Freedom does not have an extremely high credit requirement, it is recommended that your score be in good or excellent to ensure faster approval.
And if you’re unsure about your credit score, you can use services like Chase Credit Journey to monitor it.
After approval, you will receive the Chase Freedom Unlimited® to your address, usually within 7 to 10 business days. From there, you can start enjoying all the benefits of the card, including welcome bonus and cashback rewards.
