How Long Does It Take To Get Approved For Chase Freedom Unlimited
Update: Some offers mentioned below are no longer available. View the electric current offers hither.
It's hard to believe information technology's already been near three years since the no-almanac-fee Hunt Liberty Unlimited credit menu first launched. This card has become a staple in many award travelers' wallets, thanks to its potent render on everyday, non-bonus spending and its power when paired with the iii Ultimate Rewards-earning cards — the Chase Sapphire Preferred Carte, the Chase Sapphire Reserve and the Ink Business Preferred Credit Card. The data for the Hunt Liberty Unlimited has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the menu issuer.
If you lot've simply opened this bill of fare, or are considering adding the Freedom Unlimited to your wallet, this guide volition aid you make up one's mind when it'due south the all-time choice to utilise for a purchase, and when another credit carte du jour could serve you better.
Sign up for our daily newsletter
The Basics
The Chase Freedom Unlimited credit card has no annual fee, which makes information technology a no-brainer to keep in your wallet. You'll earn a $150 cash back bonus for signing up for this bill of fare when y'all spend $500 on purchases within the showtime iii months.
The Freedom Unlimited earns 1.five% cash back on every purchase. Given the lack of bonus categories, this card makes the most sense for spending where you lot wouldn't otherwise earn a category bonus, since you'll go the aforementioned fixed corporeality of greenbacks back no matter what or where you buy. If you hold another credit menu that earns bonus points for each dollar spent on travel or dining out, utilize that carte du jour instead for those purchases.
As e'er, it's worth taking a infinitesimal to mention Hunt'southward 5/24 rule. Chase volition deny your applications for most of its credit cards if yous've opened five or more credit cards — from any issuer — within the 24 months prior to your current awarding. For this reason, TPG generally recommends prioritizing your Chase credit card applications kickoff, then applying for cards from other issuers after you're over your 5/24 limit. That's because in one case your v "slots" are filled, you tin't pick upward any new Chase credit cards for two full years.
Not Your Average Cash-Back Credit Carte du jour
It'southward of import to annotation that that the Liberty Unlimited, like its no-almanac-fee sibling, the Chase Freedom (No longer open to new applicants), is not your average greenbacks-back card. If you lot don't hold whatsoever other Chase cards, the points these two cards earn you are awarded in the form of greenbacks-back points. The information for the Chase Freedom has been collected independently by The Points Guy. The carte details on this folio have not been reviewed or provided past the card issuer.
But if you likewise have a credit card that earns total-fledged Ultimate Rewards points, such every bit the Chase Sapphire Preferred Carte or Ink Business Preferred Credit Carte du jour, you can convert that 1.v% cash back earned on the Chase Freedom Unlimited into 1.five Ultimate Rewards points per dollar — a 3% return based on TPG's latest valuations of Ultimate Rewards points at 2 cents apiece. (This as well means y'all'll get a 10% return on bonus category spending with the original Chase Liberty.) Then your $150 to $200 sign-upwards bonus would be worth vii,500 to ten,000 Ultimate Rewards points.
You don't need i of these more expensive cards to brainstorm earning Ultimate Rewards points; yous just demand to hold ane when y'all desire to transfer points to an airline or hotel program.
With all that in listen, when should you lot use the Chase Freedom Unlimited menu to get the best return on your spending?
When It Makes Sense: Earning Points on Everyday Spending
If there'south one articulate utilise case for this menu, it'south for spending in non-bonus categories. We're talking purchases like shopping at most retail stores, purchasing appliances or paying your taxes.
Call back TPG values Ultimate Rewards points at 2 cents apiece, and you earn ane.five UR points on every dollar yous spend. Merely to maximize that 1.5x return, you demand to concord — or program to agree — an Ultimate Rewards-earning carte du jour such as the Hunt Sapphire Preferred or Chase Ink Business Preferred. Otherwise, you won't exist able to transfer points to Hunt'southward airline and hotel partners; your rewards will be limited to flat cash back or points worth merely one cent each toward trade, gift cards or travel reservations made through the Ultimate Rewards travel portal.
And so to summarize again: Without a Ultimate Rewards-earning card that allows y'all transfer rewards from your Hunt Freedom Unlimited to a partner, you'd exist getting a more than modest return of 1.v% cash back on the Freedom Unlimited.
When It Doesn't Brand Sense: Earning Cash Back Rewards, Bonus Category Spending, Purchases Abroad
First of all, annotation that the Liberty Unlimited charges a 3% fee on foreign transactions, so you won't want to utilise it on purchases made away. For international travel, make sure y'all have a credit carte du jour with no foreign transaction fees then you don't rack up hundreds of dollars in easily-avoidable charges.
That outcome bated, when should you use another credit carte instead of the Freedom Unlimited?
Sure, 1.5% greenbacks back on all purchases is better than nothing, only you can practice better than that, especially if you don't take an Ultimate Rewards-earning card. So definitely don't apply the Chase Liberty Unlimited strictly as a cash-back card. For case, the Citi® Double Greenbacks Carte earns y'all 2% cash back (i% dorsum on everything at the time of purchase, plus another i% dorsum every bit you pay your bill). In that location'due south also the Discover information technology Cash Dorsum, which, like the Freedom, earns y'all 5% cash dorsum on up to $1,500 in purchases in rotating quarterly categories once you lot enroll. Discover volition likewise match the cash back you've earned at the cease of your beginning year.
Interested in cash-back credit cards? These are the best cash back credit cards
Don't use the Chase Freedom Unlimited for these purchases
Equally for non-greenbacks back cards that earn you lot the best return on bonus category spending, the listing is long. Hither are some of the highlights for each category:
Airfare
The Platinum Card® from American Express. Earn 5x points on flights purchased direct from the airlines — equal to a return of 10% based on TPG's valuations. This menu is currently offering a welcome bonus of 100,000 Membership Rewards Points after yous spend $6,000 on purchases within the first 6 months of account opening, although you may exist targeted for a 125,000-point offering via the CardMatch tool (offer subject to change at any fourth dimension). There's an annual fee of $695 (see rates and fees), and the card has a mile-long list of loftier-terminate perks such as airline lounge admission and annual credits.
Related: The best credit cards for airfare purchases
A great competitor in the airfare category is the Chase Sapphire Reserve, especially if you already hold other Hunt credit cards. As mentioned above, holding the Sapphire Reserve volition allow you to convert rewards from cards such equally the Freedom Unlimited into Ultimate Rewards points for better value. An even more affordable option is the Chase Sapphire Preferred, which likewise allows you to convert Freedom Unlimited earnings into Ultimate Rewards points but merely costs $95 a year to the Hunt Sapphire Reserve's $550 annual fee.
Groceries at U.S. supermarkets
American Express® Gold Card. Earn 4x Membership Rewards points at restaurants and U.S. supermarkets on up to $25,000 in eligible purchases per year (then 1x point). Additionally, you lot can earn 3x points on travel booked directly with airlines or through amextravel.com, and you'll earn one signal per dollar on everything else. This carte du jour also comes with great boosted benefits including an upwardly to $120 annual dining credit; baggage insurance and more. Enrollment required for select benefits.
Related: These are the best credit cards for groceries
Dining
Chase Sapphire Reserve. Earn 3x points on all dining and travel purchases — a 6% return — with no cap to the corporeality of bonus points you can earn, and earn 1 signal per dollar on everything else. The Citi® Prestige Bill of fare now offers 5x points on dining, equal to an 8.5% return based on our valuations. And the previously mentioned Amex Gold is besides a great option, specifically for purchases on dining at restaurants, where it earns 4x points (equal to an 8% render). The information for the Citi Prestige menu has been collected independently past The Points Guy. The card details on this page have not been reviewed or provided past the carte issuer.
American Express® Aureate Card. Earn 4x Membership Rewards points at restaurants and U.S. supermarkets on up to $25,000 in eligible purchases per yr (and then 1x point). Additionally, yous can earn 3x points on travel booked direct with airlines or through amextravel.com, and y'all'll earn 1 indicate per dollar on everything else. This menu too comes with dandy additional benefits including an upward to $120 almanac dining credit; baggage insurance and more than. The carte du jour has a $250 annual fee (run into rates & fees). Enrollment required for select benefits.
Related: These are the best credit cards for dining
Office Supplies
Ink Business Cash Credit Card. Earn 5% dorsum on the offset $25,000 spent in combined purchases each account anniversary year at office supply stores and on net, cable and phone services (so one% back). This bill of fare works the same as the Freedom and Liberty Unlimited, in that the greenbacks back tin be redeemed as transferable points if you lot also have an Ultimate Rewards-earning credit carte, so y'all could go a 10% render on office supplies with this card.
Related: These are the best credit cards for part supplies
Lesser Line
The Chase Freedom Unlimited Carte can be a great selection for everyday spending, specially when you can earn ane.5x Ultimate Rewards on everything. But information technology isn't necessarily the best option for cash back rewards or bonus category spending. This no-annual-fee card is worth a slot in your wallet if earning Chase Ultimate Rewards points is part of your award-travel strategy, just brand sure to evaluate when it will become you the all-time return on purchases.
For rates and fees of the Amex Platinum, click hither.
For rates and fees of the Amex Gold card, click here.
Editorial disclaimer: Opinions expressed here are the author's alone, non those of any bank, credit menu issuer, airline or hotel chain, and have not been reviewed, canonical or otherwise endorsed by any of these entities.
Source: https://thepointsguy.com/guide/when-to-use-chase-freedom-unlimited/
Posted by: fuentesappotherged.blogspot.com
0 Response to "How Long Does It Take To Get Approved For Chase Freedom Unlimited"
Post a Comment