Chase Freedom Unlimited: 3% back for first year offer
There is currently a new offer out for the Chase Freedom Unlimited card. (This is not an affiliate link and you cannot get this deal using my normal credit card links, but as you know I’ll always let you know the best deals and only ask that you use my links when they are the same as or better than any other available offer.)
With the deal, instead of the usual $150 / 15,000 Ultimate Rewards signup bonus offer, you earn 3% on all purchases for the first year instead of 1.5%.
So is this a better offer for you?
There are a few considerations:
First, you need to be under 5/24 to be eligible to get the card. This link will not bypass that.
Second, you lose out on 15,000 Ultimate Rewards points form the signup offer to get the extra 1.5%. It takes $10,000 in spending to equal that signup offer, so you’ll need to be planning to spend north of $10,000 in the first year to come out ahead. This also needs to be non-category bonus spend, since you’d be better off putting category bonus spend on their respective best cards (i.e. travel and dining go on the Chase Sapphire Reserve).
Third, you should have this card regardless as part of your Chase Trifecta. That’s the Reserve, Freedom Unlimited, and Freedom cards, so you can get the most possible points for all of your spend categories.
Fourth, if you also have a Chase Sapphire Reserve, where your UR points are worth 1.5 cents a piece in the travel portal, this card becomes a 4.5% cash back card since you can transfer these points to your card. That’s solid.
Fifth, you may be thinking you will get this card and just go absolutely bonkers spending on it, and you could certainly come out ahead putting things like estimated tax payments and rent on it. But if you do this, you have a real chance of Chase shutting you down. See this thread on Reddit for more details. In short, ramping up spend quickly beyond your usual spend, and even more-so if you have a newer credit history with Chase, they may perceive your spending as a plan to default on a large balance and shut down ALL of your accounts. This is an important consideration since this offer will possibly tempt you to push boundaries to maximize it.
Lastly, some people with Chase Private Client have gotten a signup offer of 30,000 points in the past, meaning you’d need to spend $20,000 your first year on this deal to beat that – though I don’t believe that is *currently* being offered.
HT: Doctor of Credit
So all of that said, will you go for this offer? Let me know in the comments or on the MilesTalk Facebook Group
As a reminder, you can always view all of our current credit card signup bonus offers here.
New to all of this? My new “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available now.