Chase Freedom Unlimited SM is making changes to flat-rate cash back rules for redemption. Right now, it lets you get flat 1.5% cash back for every purchase, and redeem through travel for the same value, or move your rewards to other similar cards that offer more valuable redemptions.
When it comes to versatility, Chase Freedom Unlimited SM ranks at the top. If you want a card to go along with the Chase Freedom® and the Chase Sapphire Preferred®, this is definitely worth a try.
- Higher rewards rate.
- No annual fees.
- Zero percent intro APR on purchases and balance transfers for the first 15 months. After that, APR varies from 14.24-23.24%. There will be a balance transfer fee of 5% of transferred amount, with a $5 minimum.
- You can redeem for any amount of cash, anytime.
There is also a bonus offer after you have spent your first $500 inside the first three months of opening the account. This is a clear-cut cash-back card without caps on rewards earnings, and a pretty impressive sign-up bonus. When uses with a Chase Freedom card, its lets you earn more, by:
- Splitting your spending between the two: Chase Freedom® gets you 5% cash back in quarterly rotating categories and 1% on all else. Get the Chase Freedom for bonus category purchases, and the Unlimited SM on other spending, and you would be well covered. There is also the option to move rewards between accounts.
- Transferring to Chase Sapphire Preferred, which lets you earn mostly on mostly on your Chase Freedom Unlimited SM, and redeem with Chase Sapphire Preferred. This way you are left with more redemption options, and when using Chase’s travel portal, there is a value of 1.25 cents per point. There is also the possibility of getting more value when moving points across loyalty programs with a 1:1 value ratio.
There are no minimum redemptions, which means this card lets you get cash back in any amount, even 1 cent. There is the Chase Freedom which doesn’t let you do that, and that is probably the worst thing about the card.
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