New Chase Freedom Unlimited Offer: Earn 3% Cash Back Everywhere

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Chase has rolled out a new offer on the no annual fee Chase Freedom Unlimited card that could make it one of the best cards for earning Chase points or cash back on your everyday spending.

The Chase Freedom Unlimited can now earn 3% cash back (or 3x Ultimate Rewards Points!) on all spending up to $20,000 in the first year of card membership. This offer, up from the norm of 1.5% cash back, has been available for applications in Chase’s brick and mortar branches for a short while. But as of Friday, it is available through all of their channels.


Chase Freedom Unlimited Offer


Click Here to learn more about the Chase Freedom Unlimited Card


Benefits of the Chase Freedom Unlimited Card

Sign-Up Bonus Offer: Double Cash Back: Earn 3% cash back (or 3x Ultimate Rewards points, if you’ve got a card that earns points like the Chase Sapphire Preferred or Chase Sapphire Reserve) on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.

Annual Fee: The Chase Freedom Unlimited card does not have an annual fee, making it a great companion product to either the Chase Sapphire Preferred Card or the Chase Sapphire Reserve.

Chase 5/24 Rule: The card is subjected to the Chase 5/24 rule, so that is something you will need to consider before applying.

Click Here to learn more about the Chase Freedom Unlimited Card


Our Analysis

The Chase Freedom and Freedom Unlimited Card are two of our favorite no annual fee credit cards. Not only do they earn competitive cashback rates, but they also become much more valuable from a travel rewards perspective when you pair them with either the Chase Sapphire Preferred or the Chase Sapphire Reserve.

That’s because you can actually transfer the cash back the cards earn into Chase Ultimate Rewards points to be used for travel redemptions.

With this new offer to earn 3% cash back for the first $20,000 spent on the card annually, it’s possible to earn up to $600 cash back in the first year. If you held an Ultimate Rewards earning credit card, the cash back could then be transferred and turned into 60,000 Ultimate Rewards points. So if you’re looking to earn more Chase points, this could be a great way to do so.

Because Ultimate Rewards points redeem at either 1.25 or 1.5 cents each depending on which card you have, this 60,000 points could be redeemed for $750 to $900 towards travel. Not bad for a no annual fee card.

Even if you don’t want to transfer the cash back into your Chase Ultimate Rewards balance, the 3% cash back is still very attractive and one of the most competitive cash back offers out there. In fact, I would say this now makes the new Apple Card far inferior. I don’t see any reason to pick it over the Chase Freedom Unlimited.

The one downside is that this card no longer offers the $150 cash back (or 15,000-point) welcome bonus after spending $500 within three months. But considering you’re earning twice as much cash back for the first year, we think that easily outweighs the loss of the sign-up bonus.


Chase Freedom Unlimited Offer


Bottom Line

This new offer on the Chase Freedom Unlimited card is solid. While you won’t earn a sign-up bonus for a certain amount of spending in the first three months, it is a great candidate to earn your everyday spending at 3% cash back. Click Here to learn more about the Chase Freedom Unlimited Card


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Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.

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2 Responses

  1. Eric says:

    Please clarify, 3% earned only the first year? Then it reverts to 1.5%?

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