![]() ![]() Should you product change to the Chase Freedom Unlimited? If you already have a massive stash of ultimate rewards points that you have acquired with the normal Chase Freedom with its quarterly 5x categories, Chase Sapphire Preferred with its 2x dining and travel, and Chase Ink with its 5x on office and cable categories, you probably don’t really need another ultimate rewards earning card. Do you really need another ultimate rewards earning card? If you are not eligible with this 5/24 rule, then your best bet would be a product change. So, perhaps in the future, we might see something like that, but I’m just speculating. The highest offer I’ve seen on a normal Chase Freedom is $300. If you are eligible, then it may make sense to wait for a better signup offer. The rule says that if you’ve had 5 or more credit card applications in the past 24 months, Chase will not approve you for a new ultimate rewards earning card. Are you eligible to apply for this card with respect to the 5/24 rule? You’d be better off with a 2% cash back card. If you don’t plan on transferring to travel partners, then it’s not worth getting the Freedom Unlimited as you are only earning 1.5% cash back. Thus, in a way, Chase is forcing you to have one of these cards to get maximum value out of your Freedom Unlimited. In order to do that, you must have a Sapphire Preferred or Ink Plus. The true value in the Freedom Unlimited lies in the ability to transfer those points to transfer partners. There are a few things to consider before getting this card. Many folks have had success product changing their Slate card to the new Freedom Unlimited by simply sending Chase a secure message. One other option is that you can product change to the card. The card offers 15000 points after $500 spend in 3 months and additional 2500 points after adding an authorized user who then makes a purchase within the same time period.Ĭurrently, you can apply for the card in branch or on the phone. However, if you have a premium card like the Chase Sapphire Preferred or Chase Ink Plus, those points earned from the Freedom Unlimited can be transferred to travel partners like United or Southwest. It offers 1.5x ultimate rewards points on every purchase. In short, if you want to redeem your points for signficantly more value towards travel, you'll want to pick up an Ultimate Rewards credit card.It looks like the Chase Freedom Unlimited is now available. Here are the values you can obtain with each Ultimate Rewards credit card compared to the Chase Freedom Unlimited: Card Point Value Chase Freedom Unlimited 1 Cent Chase Sapphire Preferred 1.25+ Cents Ink Business Preferred 1.25+ Cents Chase Sapphire Reserve 1.5+ Cents You can obtain higher value by transferring your Chase Freedom Unlimited Points to an Ultimate Rewards credit card that offers the ability to transfer points to Chase's travel partners or redeem them for travel through Chase Ultimate Rewards. Redemption Option Average Value (in cents) Booking travel through Chase Ultimate Rewards 1 Redeeming points for cash back 1 Redeeming points for gift cards 1 Using points for purchases 0.8 ![]() This means that 10,000 points are worth $100 in value. Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.Ĭhase Freedom Unlimited Points are worth 1 cent each when redeemed for cash back, statement credits, gift cards, and travel.No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card.Cash Back rewards do not expire as long as your account is open! You can choose to receive a statement credit or direct deposit into most U.S. After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).Intro Offer: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!.
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