The no annual fee Chase Freedom Unlimited®, which is one of the all around best cards for everyday spending, has an improved welcome bonus. This reflects the way that consumer spending is evolving, as Americans are shifting a lot of spending from restaurants to grocery stores.
Earn 20K points plus 5x points on groceries
With the new Chase Freedom Unlimited welcome bonus you can earn:
- 20,000 points after spending $500 on purchases within the first three months
- 5x points on groceries for the first 12 months, on up to $12,000 of spending (Target and Walmart are explicitly excluded)
The offer for 20,000 points is the same as before, while the 5x points on groceries is the new addition here. This makes the Freedom Unlimited one of the all around best credit cards for grocery store spending.
Earn 5x points on your grocery store spending
Why the Chase Freedom Unlimited is worth having
Beyond the current bonus, the Chase Freedom Unlimited is the best Chase personal credit card for everyday, non-bonused spending. The card offers 1.5x points per dollar spent with no caps:
- Those points can be redeemed for one cent each, essentially making this a 1.5% cash back card
- Those points can also be converted into Chase Ultimate Rewards points at a 1:1 ratio, assuming you have this card in conjunction with the Chase Sapphire Preferred® Card (review) or Chase Sapphire Reserve® Card (review)
Personally I value Ultimate Rewards points at ~1.7 cents each, so to me converting Freedom Unlimited points into Ultimate Rewards points increases their value by 70%.
The Chase Freedom Unlimited is offering the following, based on my valuation of Ultimate Rewards points:
- Up to 8.5% back on groceries for the first year
- Up to 2.55% back on all other purchases
Increase the value of your points by having other Chase cards
If you don’t yet have the Chase Freedom Unlimited, this is a fantastic time to pick it up. In addition to a bonus of 20K points with a reasonable spending requirement, the card is also offering 5x points on groceries for the first year, for up to $12,000 of spending. That’s a huge points earning opportunity, especially for a no annual fee card.