Chase Freedom Unlimited®

Quick details at a glance:

Credit Recommended (660-850): – Good/Excellent

Card Rewards Offer – 1.5% – 5% cash back

Intro (Purchases) – 0% Intro APR on Purchases 15 months

Annual Fee – $0

Intro Rewards Bonus – Up to $300 cash back

Intro (Transfers) – 0% Intro APR on Balance Transfers 15 months

Regular APR – 20.49% – 29.24% Variable

• INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!
• Enjoy 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
• After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
• No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
• Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% – 29.24%.
• No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
• Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
• Member FDIC

Responding to the Invitation

Once you have received the Chase Freedom® invitation, you have two options here. You can either ignore the letter or you can apply for the card. Remember that when you received the letter, it does not affect your score. No matter how many messages you receive, your score is definitely not affected. On the contrary, once you respond to the invitation by filling out the form and submitting it to Chase, the mentioned bank will perform a standard inquiry on your credit report, which can remain in your file for a specific period of time. You can protect your credit score by keeping all your applications to a minimum. The recommended number is typically from 2 to 3 applications every six months at the most.

It is required by law that the invitation should contain the following pieces of information:

•  Annual percentage rate or APR
• Applicable variable APRs
• Grace period
• Annual fees and other fees, including balance transfer, cash advance, and late payment charge
• Method of computing the balances for the finance charge

Make sure that you observe the aforesaid elements to determine if the Chase Freedom is for you.

Should You Apply for the Chase Freedom ® Card?

Chase has been known for being an excellent card issuer in the United States. They offer a wide variety of plastics for people of almost every kind of credit standing. When it comes to the Chase Freedom ® card, this is a great option for those who are looking for a cash back rewards card. If you are still hesitant about the card, here are a few areas to look into:

1. High cash back offer – Unlike other cards that offer only 1% cash back on purchases made throughout the year, the Chase Freedom is an exception. It comes with a higher cash back rate on different categories, which you can sign up for every quarter.
2. No annual fee – Most cards that come with rewards charge an annual fee. Chase Freedom, on the other hand, does not – ever.
3. No inactivity fee – You can choose whether you want to use your card or not. It does not matter, because this card will simply remain fee-free at all times.
4. Flexibility – Points can be redeemed not just for cash back but for other types of rewards as well. You can use your Chase Freedom card for travel, free merchandise, and even live entertainment.

If you have been invited to apply for a Chase Freedom® card, you may not want to pass up on the opportunity. There are plenty of benefits that you can gain with the card once you get approved.