Are you ready for some exciting news? The Chase Freedom Unlimited card has just announced a new double cash back offer! If you’re a new customer, this is an opportunity you won’t want to miss. Let me break it down for you.
Understanding Chase Freedom Unlimited’s latest bonus offer
The Chase Freedom Unlimited card was already a great choice with its solid benefits and above-average earning potential. But now, they’re taking it up a notch. As a new cardmember, you can earn an additional 1.5% cash back on up to $20,000 of spending during your first year.
Here’s how it works:
- 6.5% back for travel purchases through the Chase Travel Portal (normally 5%)
- 4.5% back on dining and at drugstores (normally 3%)
- 3% back for all other eligible purchases (normally 1.5%)
It’s important to note that the cash back you earn won’t be matched until after the first 12 months. So, let’s say you spend an average of $300 per month on travel, $350 per month on dining, and $1,000 per month on other expenses. With the bonus welcome reward, you’d earn an additional $219.36, making a total of $783 for that first year!
Pair the Chase Freedom Unlimited with other Chase cards to unlock your rewards potential
While the Chase Freedom Unlimited is advertised as a cash back card, it actually earns Chase Ultimate Rewards points. This opens up a world of possibilities for redeeming your rewards. You can exchange your points for cash, gift cards, or even use them for free travel by transferring them to airline and hotel loyalty programs.
To maximize your rewards, consider pairing the Chase Freedom Unlimited with other Ultimate Rewards-earning cards. This way, you can convert your points into airline miles and hotel points for even greater value.
Do you qualify?
This fantastic cash-back match offer is only available for new applicants. If you already have the card, your rewards won’t be doubled. However, there’s a workaround. You can “product change” your current card to another Chase card and then apply for a new Chase Freedom Unlimited card to access this current bonus.
Keep in mind that Chase has an application restriction known as the “5/24 rule.” If you’ve opened five or more credit cards from any bank in the past 24 months (excluding most small business credit cards), you won’t be eligible for the Chase Freedom Unlimited card.
Alternative cards
If the Chase Freedom Unlimited card isn’t for you or if you don’t qualify, don’t worry! There are still other options available. One great alternative is the Chase Freedom Flex card. It also has no annual fee and offers 5% cash back on rotating bonus categories, along with other attractive benefits.
The Chase Freedom Flex card earns the same rewards currency as the Chase Freedom Unlimited: Chase Ultimate Rewards points. This means you can still take advantage of the many redemption options available to maximize the value of your rewards.
TIME Stamp: Lift your reward points for a year with Chase Freedom Unlimited’s welcome bonus
The Chase Freedom Unlimited card’s latest bonus is an incredible opportunity to earn double cash back. With the potential to earn up to $300 in cash back, it’s definitely worth considering. And if you know how to convert those points through an Ultimate Rewards-earning card, you could unlock even more rewards.
Remember, this offer is exclusively available to new applicants. So, if you’re looking to supercharge your cash back rewards, now is the perfect time to apply for the Chase Freedom Unlimited card!
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