The Chase Freedom Unlimited Credit Card is one of the most popular credit cards on the market. With its 0% Intro APR for 15 months and no annual fee, it’s a great option for people who want to get their finances under control. However, like any other credit card, there are risks involved. In this blog post, we will take a look at the Chase Freedom Unlimited Credit Card and provide you with a review of the card’s pros and cons.
What is the Chase Freedom Unlimited Credit Card?
Chase Freedom Unlimited Credit Card: Overview
If you’re looking for a no-frills credit card with a generous sign-up bonus, the Chase Freedom Unlimited might be the perfect choice. The card has no annual fee and offers 0% APR on Purchases and Balance Transfers for 18 months, after which it ramps up to 19.99%. Plus, you can enjoy an extra 5% cash back on all your spending when you redeem your points through Chase Ultimate Rewards.
The Chase Freedom Unlimited also offers great benefits like free checking and 2x points on every purchase at select grocery stores and gas stations. This card is definitely worth considering if you’re looking for a basic credit card that doesn’t have any hidden fees or annual fees.
What is the Chase Freedom Unlimited Credit Card?
The Chase Freedom Unlimited is a basic no-fee credit card that offers great rewards for those who use it responsibly. The sign-up bonus is generous – you receive $150 in bonus cash if you spend $500 within 3 months of signing up – and 0% APR on Purchases and Balance Transfers for 18 months, after which it ramps up to 19.99%. Plus, you can enjoy an extra 5% cash back on all your spending when you redeem your points through Chase Ultimate Rewards.
If this sounds like the perfect credit card for you, read on to learn more about the features and benefits of this product.
The Benefits of the Chase Freedom Unlimited Credit Card
The Chase Freedom Unlimited Credit Card offers several benefits that make it a great choice for those who are looking for a no-frills credit card. The first benefit is that the card has no annual fee, which makes it a great option for budget-conscious consumers. Additionally, the card offers double points on all purchases and 50% bonus points when you redeem them for cash or travel rewards. Finally, users have access to 24/7 customer service and a variety of other benefits.
How to Apply for the Chase Freedom Unlimited Credit Card
If you’re looking for a no-frills rewards credit card that offers top rewards rates and great redemption options, the Chase Freedom Unlimited is definitely worth considering. Here’s how to apply:
To apply for the Chase Freedom Unlimited, first visit chase.com/creditcard and sign up for a free account. Once you have an account, click on the “Apply Now” button located on the main page of the website. On the “Apply For Credit” page that will open, enter your full name, address, and social security number in the appropriate fields. Next, click on the “Upload Proof of Income” link and upload your recent W-2 or tax return transcript to verify your income. If you’re applying for the card as a joint account holder, both you and your partner must submit proof of income. After verifying your information, click on the “Submit Application” button to continue. On the next page of the application process, you’ll be asked to provide additional information such as a driver’s license number or copies of canceled checks in order to verify your creditworthiness. After completing this section of the application process, click on the “Review Application Status” link to review your application status and make any changes if needed. Finally, select one of three payment methods— PayPal®, Amazon Payments™ or Chase QuickPay®—and complete the online payment form to finish applying for the Chase Freedom Unlimited credit card.
The Risks Associated With the Chase Freedom Unlimited Credit Card
The Chase Freedom Unlimited is one of the most popular credit cards out there. It offers a ton of benefits, but it also comes with some risks. Here are four key things to keep in mind before applying for this card:
1. The annual fee is high – at $95, it’s one of the most expensive cards out there. However, you get a lot of value for your money. The card has no annual fee for the first year, and then it drops down to $0 after that. Plus, you earn unlimited 1% cash back on all your purchases, which makes up for the high annual fee.
2. The card doesn’t have a sign-up bonus – this might be a deal breaker for some people. However, the 1% cash back rewards are really good in comparison to other cards out there. You can earn up to $1,500 in cash back each year!
3. The interest rate is high – at 23%, this is one of the highest rates available on a credit card. It’s not the best option if you need low interest rates or if you don’t plan on using the card heavily.
4. There is a limit on how much you can borrow – at $0 federal debt limit and $20,000 total debt limit, this is not the best option if you need to borrow a large amount of money. You should also keep in mind that this is not a secured card, so if you lose the card, you will have to pay back the entire balance.
Overall, the Chase Freedom Unlimited is a great card if you can live with the high annual fee and high interest rate.
The Conclusion of this Review
The Chase Freedom Unlimited credit card is a great choice for those who want to earn large sign-up bonuses and have no annual fees. The card has an excellent rewards program that provides excellent value for the user. Additionally, the card has low interest rates and strong financial protections. Overall, the Chase Freedom Unlimited is a great option for those looking for a high-value rewards card with no annual fees.