7/14/2023 0 Comments Freedom unlimited credit card![]() ![]() But you need to remember to activate the bonus category every quarter to ensure you’re earning the 5% cash back.įor some people, the the Chase Freedom Unlimited still may make sense: The extra half-percent of rewards on non-bonus-category spending is consistent and can really add up over time. Because of the spending cap, your rewards on the rotating category max out at $75 each quarter before the rewards rate drops back down to 1%. Any given year, you can reasonably expect each to appear for one quarter. Some common 5% quarterly reward categories for the Chase Freedom Flex include Walmart and PayPal, gas stations, select streaming services and grocery stores. Winner: Chase Freedom Unlimited Comparing rewards Chase Freedom Unlimitedĥ% cash back on travel purchased through Chase Ultimate Rewardsĥ% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate Still, if you’re planning on spending $20,000 annually on one card, the $300 simply gets paid out over time. ![]() That makes the return on investment much better with the Flex. For the Flex’s $200, you only need to spend $500. While $300 is significantly more than the Flex’s $200, you’d need to spend $20,000 to earn it. Chase Freedom Unlimited: Earn an additional 1.5% cash back on everything you buy on up to $20,000 spent in the first year.Chase Freedom Flex: Earn a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.The Chase Freedom Flex’s welcome bonus is significantly easier to earn than the Freedom Unlimited’s, though there’s a tradeoff: The Unlimited’s welcome bonus could be worth up to $100 more. Both of these cards punch above their weight. It’s also worth noting many cards with no annual fee don’t offer as high of rewards rates - nor so many rewards categories. That can put consumers in a tricky spot if their spending habits or budgets change. While cards with $95 – $500 annual fees offer more rewards and perks, they require a certain amount of spending to make them worth it. Neither card charges an annual fee, which makes every reward you earn added value. To determine which is best for you, we’ve laid out the main differences and advantages of each below. On the other hand, the Freedom Unlimited has a higher floor with its 1.5% cash-back rate on non-bonus-category spending, and doesn’t require manual intervention to maximize your rewards. But the Freedom Flex does require a little bit of work to activate the quarterly rewards categories and pay attention to what you’re buying. The Chase Freedom Flex has a higher ceiling than the Freedom Unlimited, as it will net most people more rewards. Their reward rates are comparable to more expensive, premium credit cards and cardholders don’t need to worry about points, miles or complicated redemption processes. The Chase Freedom Unlimited® and the Chase Freedom Flex℠* are no-annual-fee rewards credit cards that offer excellent cash-back rewards rates across a handful of spending categories. ![]()
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