Description: The article is about a quick review on the chase freedom unlimited credit card, the author will share some details on rewards, balance transfer of cash value, low interest and bonus offer.
I am going to give you a quick review about the chase freedom unlimited credit card, they offer 1.5% cash back on all purchases, they have no annual fee and within the first 15 months of having this card, you’ll have a 0% APR interest rate, they require a good credit score from 690 to 850.
I have been using this card for about a year and a half, I love it, this card is great for rewards balance transfer cash value low interest 0% APR and improving and sustaining your good credit score.
Let’s start with the 0% APR for 15 months, it is ideal, if you want to make some purchases, you can pay off within that 15 months, it’s great to have that 0% interest and after the 15 months, they do have a low APR, it starts from 16 point to 4% and goes all the way up to 24 point nine nine percent.
There are many variables, let’s go into your credit score, you acquire much and how much you use the car, these offers are subject to change, I noticed that my APR is slightly lower than the advertised amount on chase.
I think that’s because I did get this card one and a half years ago, let’s talk about the transfer balance, the cost of a transfer is five dollars or five percent whichever is greater to keep it easy, if you’re transferring $1000, your fee would be fifty dollars, but it is at 0% APR for accruing interest on a different credit card.
It’s great to transfer that balance over, once you open up the chase freedom unlimited car to get that 0% interest now, one thing to remember is that this does not include balances that are trans over from different chase credit cards, it only includes balances transferred from different banks like Wells Fargo Bank of America and any other bank.
Next, let’s talk about that bonus offer, you get one hundred and fifty dollars, if you spend five hundred dollars within the first three months of opening, there’s also an extra twenty five dollar bonus.
If you add your first authorized user within the three-month period, they do offer some more perks, if you refer a friend, you get a hundred dollars for each friend, you refer up to five hundred dollars a year, so that’s five friends a year which is easy to do.
Regarding the 1.5% cash back, that is available on all purchases, anywhere you go, anything you spend on that credit card, you’re getting 1.5% cash back, so if I go over to Home Depot and buy some wood, I get 1.5% cash back, they offer airline Redemption with the four major airlines here in the United States Delta American Airlines United and Hawaiian Airlines.
If you’re traveling outside of the country, you are able to use their global airline partners as well, there are also gift card Redemption, you have things like Home Depot Sephora for the ladies, there’s Jiffy Lube Amazon whole bunch of other things.
I think it’s up to 177 different gift cards and also Buffalo Wild Wings which we will get after the show, let’s get that Buffalo dry rub those points, do not expire, there is no minimum required for the redemption, so if you have one point or 1000 points, you can go ahead and redeem that for cashback value now an important note, you can’t earn the rewards points on the existing balance transferred over from different credit cards onto your chase unlimited freedom card, only from the amount spent on your chase and limited freedom card for those of us that travel a lot.
There is a 3% fee for any transactions that are done outside of the United States, so if you spend $1,000, you can pay a $30 on top of that which is not too bad, but there are a lot of other credit cards, in fact no foreign transaction fees.
There are some additional perks to having the credit card, there’s zero liability protection, chip-enabled security and purchase protection, you also have the extended warranty now, this is cool, so they offer one year on top of the original manufacturer’s warranty.
If it is three years or less on that warranty, so if you’re four years, you’re out of luck, if you purchase an Apple product before a Playstation on your chase freedom unlimited credit card with that 1-year manufacturer’s warranty chase will add on one year, so two years instead of one year, that’s great.
They also have auto rental collision damage waiver, you have to decline the coverage offered by the rental company in order to go into effect and the chase coverage is the second to your personal insurance bottom line.
If you’re a millennial, this card is perfect for you, I would say this card is great, if you’re spending within the country, you’re not traveling a lot, you’re using it for day-to-day purchases, it’s awesome to get those 1.5% cash back rewards.
If you’re planning on traveling a lot or acquiring large business expenses, the chase freedom unlimited card may not be ideal for you, there are some cards out there that offer better point redemption, this card is tailored for the average, this is a great card and I would definitely recommend it for you chase freedom unlimited.