The Chase Freedom credit card is one of the most widely used banking products in the US. It has lots of useful features, a broad variety of bonuses, and a convenient fee structure that benefits just about every client, no matter what he spends his money on. The card is also suitable for travelers, because it has unique bonuses for people using it abroad. In this article, we analyze the conditions of the card, take a closer look at all the key features, and explain why it’s so popular.
Chase Bank is one of the major banks in the US that’s especially known for its credit cards. The card we’re talking about today is one of its most famous products, and it can be synchronized with another card issued by Chase Bank. This way, you can access all of your cards via a convenient mobile app, and they share all the bonuses you earn. The card allows you to take part in the special program with valuable rewards including high cash back rates for certain purchases.
Chase Freedom Unlimited has relatively attractive conditions even by the standards of the US market where every bank is trying to attract clients with exceptional features. The service fee is $0, so there’s no annual payments for using the card. The annual percentage rate ranges from 17.24% to just about 26%, which can be considered rather high. However, the card offers a 0% interest rate for all the new clients, so you won’t have to pay for your purchases or transfers for 15 months.
Pros and cons
The Chase Freedom card has overall great terms: there’s no maintenance fee, no limit for repayment, and no interest for new clients. The card gives you access to an extensive bonus program that allows you to share bonus points across several cards. The rates of cash back are very high, too. However, the bank is very careful about choosing its clients: you need a high credit rating to get the card. There are also limits on how you can spend your bonuses: for example, bonus points for travels are spent only on the Chase travel portal.
The credit card features many interesting special offers. You get a cash back ranging from 5% to 7.5% for your travels, and these rewards have no expiration date. Moreover, new clients get $200 once they have spent $500 via their credit card in the first three months, and there’s also a 5% cash back on fuel for up to $6.000 spent during the first year.