If you’re a frequent international traveler looking for a no-annual-fee cash back card, check out Capital One and Discover’s offerings instead. The Chase Freedom Unlimited’s 3% foreign transaction fees make it costly to use abroad. You’re also unlikely to max out the Chase Freedom Unlimited’s welcome bonus if you don’t put the majority of your everyday spending on this card. If you’re willing to juggle multiple cards, you can find better rates than the Chase Freedom Unlimited offers in specialized categories. But to maximize rewards, you’ll want multiple cards, each with elevated rewards on specific categories.įor example, you might get the Costco Anywhere Visa® Card by Citi* for 4% cash back on eligible gas (on up to $7,000 per year, then 1%), the Citi Custom Cash℠ Card for 5% cash back on purchases in your top eligible spend category each billing cycle, which includes restaurants (on up to $500 spent per billing cycle, then 1%), and the Wells Fargo Active Cash® Card for 2% cash rewards back on other purchases. One of the Chase Freedom Unlimited’s main benefits is that it offers competitive - but not necessarily standout - rewards rates across multiple everyday spending categories. Those who plan to earn rewards with multiple cards.But the Chase Freedom Unlimited offers better rewards and cardholder perks than dedicated balance transfer cards. This card’s introductory APR timeframe isn’t the longest out there, but it still gives you a good amount of time to pay off your purchases.
Those who want a balance transfer card that also offers rewards.The welcome bonus is also structured to incentivize you to put all your spending on this card, at least for the first year. The 5% and 3% category-specific cash-back rates are standard among rewards credit cards, but the 1.5% category-agnostic cash-back rate is higher than many competitors. The Chase Freedom Unlimited offers 5% cash back on travel booked through the Chase Ultimate Rewards portal, 3% cash back on dining and drugstore purchases and 1.5% cash back on everything else. Those looking for an all-purpose option to use as their only credit card.The balance transfer fee increases from 3% to 5% ($5 minimum) on transfers made after your first 60 days. The welcome bonus requires a high spending threshold ($20,000 over one year) to fully maximize.ġ.5% cash back on all purchases is less than some other flat-rate cash-back cards which offer 2%.Ī 3% foreign transaction fee makes this card costly to use abroad. Its introductory APR makes it a good option for an emergency credit card, since you can take time to pay off unexpected expenses while avoiding interest charges. Instead, this card is best used as a low-maintenance everyday credit card that earns decent cash back on popular spending categories. We don’t recommend making unnecessary purchases or charging more than you can afford for the sake of maxing out the welcome bonus, because interest charges and fees can quickly outweigh any cash-back rewards you get.ĭespite its substantial 5% cash-back rewards on travel booked through Chase Ultimate Rewards, this isn’t the best credit card for travel because it charges foreign transaction fees. The welcome bonus, which takes the form of an extra 1.5% cash back on all purchases instead of a lump sum bonus, has one of the highest potential payoffs among no-annual-fee credit cards but requires a large spend to fully maximize - $20,000 in the first year. It also has a strong welcome bonus and an introductory APR offer that’s nearly on par with some of the best balance transfer cards. The card offers well-rounded cash-back rewards with elevated rates on restaurants, drugstores and travel booked through Chase Ultimate Rewards. The Chase Freedom Unlimited® is a jack-of-all-trades credit card great for those who either aren’t sure what they want from a credit card or want an all-purpose option rather than juggling a rolodex of different cards.
0 kommentar(er)
