GREAT Time To Apply For Chase Freedom Unlimited

Filed Under: Chase, Credit Cards
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The no annual fee Chase Freedom Unlimited® is one of the all around best cards for everyday spending. A few weeks back the card introduced an exciting new welcome bonus, and today some further positive changes were also announced to the card.

When you combine those two factors, there has never been a better time to pick up this card, in my opinion. That’s especially true when you consider that the changes to the card really reflect how consumer spending has evolved as a result of coronavirus.

Earn 20K points plus 5x points on groceries

With the improved 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

New bonuses on dining, drugstores, and more

As of September 15, 2020, the Chase Freedom Unlimited will be offering three exciting new bonus categories, including:

  • 5x points on travel purchased through Chase Ultimate Rewards
  • 3x points on dining, takeout, and eligible delivery services
  • 3x points on drugstores

That’s in addition to the card offering 1.5x points on everyday spending, and the card offering 5x points on groceries with the current welcome bonus.

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:

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%.

If you were to apply for the Chase Freedom Unlimited, you’d earn the following return on your spending, based on my valuation of Ultimate Rewards points:

  • Up to 8.5% back on groceries for the first year
  • Up to 8.5% back on travel purchased through Chase
  • Up to 5.1% back on dining, takeout, and delivery services
  • Up to 5.1% back on drugstores
  • Up to 2.55% back on all other purchases

Is that a ridiculously well rounded no annual fee card, or ridiculously well rounded no annual fee card?

Increase the value of your points by having other Chase cards

Bottom line

If you don’t yet have the Chase Freedom Unlimited, this is a fantastic time to pick it up.

The card is currently offering an improved bonus of 20K points with a reasonable spending requirement, plus 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.

Then it gets even better, because as of September 15 the card will be offering 5x points on Chase travel purchases, plus 3x points on dining and drugstores. Talk about an unbeatable combo.

You can read a more detailed review of the Chase Freedom Unlimited here.

Anyone planning on picking up the Chase Freedom Unlimited, given how compelling it is becoming?

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Comments
  1. Coincidently, I just cancelled this card one month ago, in June.

    Can I apply again and get the 20,000 pts bonus?

  2. @Lucky — This is fantastic news. I’ve been holding off on this card for a while.

    Any idea when this offer will end?

  3. I’be seen commentators on this site criticize the Freedom Unlimited and Freedom Cards. I don’t understand it – it is a no brainer to apply for and hold these no-annual fee cards, along with the Sapphire card of your choice. I also just picked up Citi Double Cash to pair with Citi Premier – again, good cards for only a $95 total fee.

  4. I’m a long Freedom Unlimited card holder, and I sure would like to go back to using the card for groceries (primary purchase now). Too bad the 5x points isn’t being offered to current card holders:-(

  5. The 5X on groceries is only for new applicants, not existing cardholders, correct? That would be a real bummer for existing cardholders if true.

  6. How is a picture of veggies “European” or Moroccan”? Would love to know the nuance I missed.

  7. I have the Chase Freedom card for about a decade now, and I love it (esp. their quarterly 5% cash back bonus).

    Is there any way to change/ upgrade it to Chase Freedom Unlimited, or does it have to be a new application?

  8. 5x groceries for a year is pretty strong. Too bad I already have my CFU (Maybe they can make a permanent 5x grocery for the CSR 🙂 )

  9. If you get this card can you transfer points to your spouse’s Ultimate Rewards account? I don’t have a UR card right now but she does.

  10. @bonus points collector

    I am wondering the same thing. There is not a lot of conclusive evidence on FlyerTalk.

  11. If the 5% only applies to new applications, what’s to stop those of us who already have the card from cancelling, waiting a month, and then reapplying?

  12. A good card especially if you combine with the sapphire or CSR card although this bonus isn’t as good as the one from a few years back earning 3% for the first year.

  13. You could indeed apply for a new Freedom Unlimited if you are under 5/24, although you could also just convert an old one to a Freedom to maintain the credit history.

  14. Is the 20,000 point promotion still active? The card signup form is offering “$200” after $500 spend; is this given as points, or as a cash credit?

    The points are actually more interesting to me, I tend to use them effectively.

  15. Thank you @Ben. The sweet spot for UR points IMHO is converting to Hyatt, and we stay and use that feature a lot. I think I’ll pick this card up through your link: we’re buying a lot of groceries these days. 😉

  16. It’s a good card with CSR. I just went clear of 5/24 so the Chase Freedom is my next in line since getting the Alaska Airlines VISA and Hilton Aspire AMEX.

    BTW if anyone is contemplating the Hilton Aspire AMEX prior to 8-31 to take advantage of the $250 travel credit for restaurants know that they overnight the card. Received the day after I applied.

  17. When will the next travel/hotel report be posted? Is it better to now only visit your site once every two months if credit card options are not relevant?
    Thanks

  18. I will never forgive myself for not going for the 3x unlimited welcome offer they had a few years ago

  19. Lucky, your valuations are based on having the CSR, right? But if these cards are giving 3x dining, and there are few places open to American travelers (except Bodrum), then the value of the CSR is reduced. So fewer people will get the CSR. If you don’t have CSR, then UR points aren’t transferrable. So the UR point value should go down?

  20. Even more reason to downgrade my Sapphire Reserve to a Preferred and put most of my spending on the Unlimited now. For a no annual fee card, this is killer.

  21. For points transfer, can I transfer to P2, who has a Sapphire Reserve card? Or, if i’m operating sans a Sapphire/Ink card, am I not allowed to do ANY transfers (hotels, airlines and P2)?

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