FAQ: What Is The Difference Between Chase Freedom And Freedom Unlimited Visa?

The Chase Freedom® and Chase Freedom Unlimited® are both cash-back rewards cards with no annual fees. Chase Freedom offers a bonus in categories that rotate every calendar quarter, while Freedom Unlimited gives you a flat rate of cash back on all purchases. See Business Insider’s list of the best cash-back cards.

Can you convert Chase Freedom to Freedom Unlimited?

Yes, you can upgrade Chase Freedom to Chase Freedom Unlimited®. To upgrade, call customer service at (800) 945-2000, enter your account information, and ask to speak to a customer service representative when prompted. Tell the representative you’d like a product change from Chase Freedom to Chase Freedom Unlimited.

Is Chase discontinuing the Freedom Card?

Yes, Chase Freedom was discontinued on September 15, 2020, and it is no longer available to new applicants. Current Chase Freedom cardholders aren’t required to change products, though they can upgrade to another rewards credit card from Chase if they’d like.

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Can I have both freedom and freedom Unlimited?

There is no reason you can’t have both Chase Freedom and Chase Freedom Unlimited. In fact, having both could make a lot of sense, especially since neither charges an annual fee.

Is it hard to get Chase Freedom Unlimited?

The Chase Freedom Unlimited® is designed for people with good credit and better, with a FICO® Score of at least 670. The card will be hard to get with a much lower credit score. That’s not to say applicants with lower scores can’t secure approval.

What is the highest credit limit for Chase Freedom?

Chase doesn’t publicly disclose a maximum credit limit for the Chase Freedom Unlimited card. But some customers have said that they have received limits of $20,000 or higher. If you want a limit that high, you’ll need spotless credit, a very high income to afford the payments and low existing debt.

Why did I get denied for Chase Freedom Unlimited?

However, the decision letter listed several factors other than my credit score as grounds for denial, including too low of a credit line on my current joint card and too many recently opened accounts. For a long time, I had assumed that paying your bills on time and in full was enough.

What credit score do you need for Chase Freedom?

You’ll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better. But a credit score alone isn’t enough to qualify for any credit card. Issuers take into account your income, existing debts and other information.

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Can you have 2 Chase Freedom cards?

Although it might seem counterintuitive to have both the Chase Freedom Flex and Freedom Unlimited or to have two of the same card, there are cases where it can be beneficial. With the Freedom Unlimited card, there’s no benefit to owning more than one as the card earns 1.5% cash back with no limits on all purchases.

Is Chase Freedom Flex replacing Chase Freedom?

Chase has announced a new credit card called the Freedom Flex, replacing the Chase Freedom. The new card offers the same rotating bonus categories but with new ways to maximize rewards. Existing Chase Freedom cardholders can keep their current card or switch to the new one.

Is there an annual fee for Chase Freedom Card?

Chase Freedom®: Basics. Card type: Cash back. Annual fee: $0. 5% cash back in quarterly bonus categories, on up to $1,500 per quarter in combined quarterly spending (you must opt in to the categories quarterly; 1% back on other spending).

Does Chase Freedom Unlimited earn points?

Although the Freedom Unlimited card is marketed as a cash-back card, you actually earn Ultimate Rewards points. If this is the only Chase Ultimate Rewards card that you hold, you have several options for redeeming those points. Using any of those redemption options will get you a value of a penny per point.

What is considered travel for Chase Freedom Unlimited?

Merchants in the travel category include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.

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Does Chase Freedom Unlimited have a limit?

For example, with the Chase Freedom Unlimited® approved cardholders will either receive the basic level Visa Platinum card (with a minimum credit limit of $500 ) or the upgraded Visa Signature card (with a minimum credit limit of $5,000), according to Chase Freedom Unlimited’s pricing and terms.

How does the Chase Freedom unlimited card work?

The Chase Freedom Unlimited® earns 5% on travel purchased through Chase, 3% on dining at restaurants and purchases at drugstores, and 1.5% cash back on all other purchases.

How often does Chase Freedom unlimited increase credit limit?

If you’re deaf, hard of hearing, or have a speech disability, call 711 for assistance. Cash advances don’t have an interest free period and the rate assessed on a cash advance is often higher than the rate assessed for purchase transactions.

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