If you value ultimate rewards points at 2 cents a piece, this would be equivalent to a 3% rebate. If the new product does indeed earn 1.5x ultimate rewards points per dollar spent, it would be a great addition to all the other cards that earn ultimate rewards points.
It is also unclear if the 1.5x could be in the form of ultimate rewards points that could be transferred to travel partners with a premium card. The speculation is that the new Chase Freedom Unlimited would give 1.5x cash back with no 5% categories. With the new card, the bonus offer would be $150 after $500 spend in 3 months. The current Chase Freedom is popular for its 5x Ultimate Rewards points in rotating quarterly categories, with the ability to transfer them to travel partners if you have the Chase Sapphire Preferred. There is evidence to support the launch of a new Chase Freedom product by Chase called Chase Freedom Unlimited. If you are good at maximizing the normal Freedom’s 5x quarterly categories, it might be worth product changing to that instead. If you are going to product change, consider what your annual spending on the card will be to see if it’s worth it to you. If you want the card, consider waiting for a better offer in the future.
#CHASE FREEDOM UNLIMITED CREDIT CARD PLUS#
It’s only worth applying for the Freedom Unlimited card if you also plan to have a premium card like the Sapphire Preferred or Chase Ink Plus and plan on transferring those points to travel partners. Of course, if you wouldn’t get approved for this card because you don’t meet the 5/24 rule, product change is the only way to go. If you have 2 Freedom cards, you could get 60000 points by spending $12000.Įarning 30000 points on the Freedom Unlimited would require $20,000 worth of spending a year. If you can maximize the 5x quarterly categories, you can get 30000 points a year by spending $6000. One question to ask is if you are going to do a product change, would you get more benefit out of product changing to a regular Freedom card (if you don’t have one) or a 2nd Freedom card. If you do a product change, you would forgo the sign up bonus. You can product change to the Freedom Unlimited from a Sapphire Preferred, Sapphire, or Slate. Should you product change to the Chase Freedom Unlimited? If you already have a massive stash of ultimate rewards points that you have acquired with the normal Chase Freedom with its quarterly 5x categories, Chase Sapphire Preferred with its 2x dining and travel, and Chase Ink with its 5x on office and cable categories, you probably don’t really need another ultimate rewards earning card. Do you really need another ultimate rewards earning card? If you are not eligible with this 5/24 rule, then your best bet would be a product change. So, perhaps in the future, we might see something like that, but I’m just speculating. The highest offer I’ve seen on a normal Chase Freedom is $300. If you are eligible, then it may make sense to wait for a better signup offer. The rule says that if you’ve had 5 or more credit card applications in the past 24 months, Chase will not approve you for a new ultimate rewards earning card. Are you eligible to apply for this card with respect to the 5/24 rule? You’d be better off with a 2% cash back card. If you don’t plan on transferring to travel partners, then it’s not worth getting the Freedom Unlimited as you are only earning 1.5% cash back. Thus, in a way, Chase is forcing you to have one of these cards to get maximum value out of your Freedom Unlimited. In order to do that, you must have a Sapphire Preferred or Ink Plus. The true value in the Freedom Unlimited lies in the ability to transfer those points to transfer partners. There are a few things to consider before getting this card. Many folks have had success product changing their Slate card to the new Freedom Unlimited by simply sending Chase a secure message. One other option is that you can product change to the card. The card offers 15000 points after $500 spend in 3 months and additional 2500 points after adding an authorized user who then makes a purchase within the same time period.Ĭurrently, you can apply for the card in branch or on the phone. However, if you have a premium card like the Chase Sapphire Preferred or Chase Ink Plus, those points earned from the Freedom Unlimited can be transferred to travel partners like United or Southwest. It offers 1.5x ultimate rewards points on every purchase. It looks like the Chase Freedom Unlimited is now available.
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