Chase Now Taking Applications For The Freedom Unlimited

Chase is now taking applications for the new Freedom Unlimited card in-branch!  They announced earlier this month the launch of the Freedom Unlimited, which will earn 1.5x Ultimate Rewards points per $1 on every purchase.  This will NOT replace the original Freedom with the rotating 5x categories!  Both cards are going to co-exist.

Freedom Unlimited

As of right now, it is only possible to apply for this card in-branch.  Online applications are not expected to open up until next month.  The current signup bonus is $150 after spending $500 in 3 months.  Even though this is advertised as cash, it is paid in Ultimate Rewards points, just like the regular Freedom.  $150 is paid as 15,000 Ultimate Rewards points, and if you have an Ink Plus or Sapphire Preferred, you can transfer your points to the travel partners to get the most value out of them.

Ultimate Rewards Cards

I personally view Chase Ultimate Rewards as the best of the transferable points programs between Chase, American Express and Citi, so having a card that earns 1.5x points per $1 to use on non-bonus category purchases is a great addition.  I intend to keep my Freedom with the 5x categories because you can earn 30,000 points from just $6,000 in spending per year.

chase_freedom_2016_bonus_categoriesI use my Ink Plus and Sapphire Preferred only in the bonus categories, so the Freedom Unlimited fills in a gap for me.

Chase Sapphire Preferred:  50,000 points for $4,000 spending in 3 months, $95 annual fee waived the first year.

Chase Freedom:  15,000 points for $500 spending in 3 months.

Chase Freedom Unlimited:  15,000 points for $500 spending in 3 months.  Applications in-branch only.

Chase Ink Plus:  60,000 points for $5,000 spending in 3 months, $95 annual fee NOT waived the first year.

The Bottom Line

The Freedom Unlimited is a great addition to the Ultimate Rewards cards, and would be a good choice for non-bonus category spending.  Stop by a branch if you want to apply for it now.