The card_name’s flat 1.5% money again on purchases earns a major quantity of rewards on on a regular basis bills that don’t normally fall into bonus classes. Retailers like Costco, Goal, Amazon, and Walmart don’t at all times supply bonus spend for purchases. However with a money again card just like the card_name, you’re in a position to rack up a shocking variety of factors.
Chase Freedom Limitless®
Credit score rating
credit_score_needed
Rewards
3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply companies, 5% money again on journey bought by way of Chase Final Rewards®. Limitless 1.5% money again on all different purchases.
Welcome supply
bonus_miles_full
The cardboard additionally gives 5x factors on journey booked by way of Chase Final Rewards, 3x factors on eating and drugstore purchases, and a intro_apr_rate,intro_apr_duration.
TIME’s Take
The card_name is a stable flat-rate earnings card with annual_fee_disclaimer annual payment. Though the 1.5% money again doesn’t appear spectacular at first look, it turns into extra precious when mixed with different rewards playing cards from Chase that may be redeemed for a far better worth.
This card is advisable for on a regular basis use, whether or not for physician copays or huge field retailer purchases. It may be a big earner for cardmembers who wish to get probably the most out of their on a regular basis spending.
Professionals and cons
Professionals:
- 1.5% money again on all purchases
- annual payment
- 0% Intro APR on Purchases 15 months and 0% Intro APR on Steadiness Transfers 15 months
- Extra 5x money again on journey bought by way of the Final Rewards program, 3x on eating, and 3x on drugstore purchases
- Additional 1.5% earned the primary 12 months as much as $20,000
Cons:
- 5% money advance and stability switch charges
- 3% of every transaction in U.S. {dollars} overseas transaction payment
- Solely obtainable for cardholders with an excellent credit score rating
Who’s the cardboard for?
The card_name is for cardholders who wish to enhance their earnings in on a regular basis spending classes. The 1.5% money again on the card_name earns a shocking variety of rewards at retailers who don’t normally fall right into a bonus class. These embrace Amazon, Goal, and Costco purchases.
The cardboard works properly alongside different Chase playing cards, reminiscent of card_name. Paired with a premium rewards card from Chase, you possibly can switch factors for journey redemptions which are rather more precious than a 1.5% money again redemption.
For finest odds of approval, potential cardholders ought to have an excellent credit score rating of 670 or above.
Options
Money again earnings for the whole lot
The card_name’s key characteristic is 1.5% money again on each buy. It’s much like what different money again playing cards are providing, however its relationship with the Final Rewards program could make it extra precious.
Elevated bonus classes
Along with the 1.5% money again on the whole lot, bonus classes for eating, drugstores, and journey bought by way of Chase Final Rewards herald extra rewards. Eating and drugstore purchases earn 3x factors and journey booked by way of the Chase Final Rewards portal earns 5x factors.
Time to pay down debt
With the intro_apr_rate,intro_apr_duration, you possibly can switch a stability and work on paying down ugly debt. With a break from curiosity funds, you’ll have a bit of extra time to get your funds so as.
The fantastic print
What rates of interest and which charges does the cardboard cost? Right here’s what you’ll discover within the fantastic print:
Rates of interest
- Common APR: reg_apr,reg_apr_type.
- Intro APR: intro_apr_rate,intro_apr_duration and balance_transfer_intro_apr,balance_transfer_intro_duration.
- Money advance APR: cash_advance_apr.
- Penalty APR: 29.99%.
Charges
- Annual payment: annual_fees.
- Money advance payment: cash_advance_fee.
- Steadiness switch payment: balance_transfer_fees.
- Overseas transaction payment: foreign_transaction_fee.
- Late cost payment: late_payment_fee.
- Returned cost payment: $40.
Extra hidden perks
The card_name money again card has a variety of extra perks that customers and vacationers will discover precious. They embrace:
- Buy safety: New purchases are insured towards theft or injury as much as 120 days,$500 per declare, and $50,000 per account.
- Prolonged guarantee safety: One 12 months is added to the producer’s guarantee when bought with the cardboard.
- Fraud monitoring and legal responsibility safety: Chase actively displays for fraud and sends an alert if they believe fraudulent prices.
- Auto rental collision injury waiver: Once you pay for a rental automobile with the cardboard, you’re insured with theft and collision protection.
- Journey cancellation and interruption protection: Cardholders are eligible for as much as $1,500 reimbursement per particular person for coated occasions.
- Journey and emergency help companies: Chase has a advantages administrator you possibly can name if you happen to want help with emergency conditions away from house.
- Free credit score rating: You have got entry to your credit score rating everytime you wish to see it.
What might be improved
In lots of methods, the card_name isn’t an thrilling card. There are different playing cards with money again earnings increased than 1.5%. Moreover, utilizing this card overseas will lead to costly overseas transaction charges. It’s additionally restricted to cardmembers with good credit score, so if you happen to need assistance constructing credit score, it’s seemingly not going to be with this card.
Card alternate options
Backside line
There’s not lots of draw back to the card_name. It earns a formidable variety of rewards and doesn’t cost an annual payment. When combining the money again earnings from this card with a premium rewards bank card for nice journey redemptions, there’s even better worth.
The cardboard’s drawbacks are typical of different playing cards—the APR is admittedly excessive, as are the money advance payment, stability switch payment, penalty APR, and overseas transaction payment.
If you have already got a premium rewards card with Chase or want a stable on a regular basis earner, you’ll undoubtedly wish to take into account including a Freedom Limitless to maximise your money again or Final Rewards earnings.
Chase Freedom Limitless®
Credit score rating
credit_score_needed
Rewards
3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply companies, 5% money again on journey bought by way of Chase Final Rewards®. **Limitless** 1.5% money again on all different purchases.
Welcome supply
bonus_miles_full
Regularly requested questions (FAQs)
How do I get accredited for card_name?
Greater credit score scores enhance your odds of approval for the card_name, as does an acceptable credit score utilization ratio. Chase additionally recommends opening a checking account or signing up for direct deposit to assist your probabilities of approval.
Why did I get denied for the card_name?
When you have been denied the card_name due to destructive info in your credit score file, you’ll obtain a letter within the mail explaining the explanation.
What counts as journey for the card_name?
To qualify for the bonus rewards on the card_name, you will need to buy journey by way of the Chase Final Rewards journey portal.
Can I switch card_name factors to journey companions?
card_name factors don’t switch to journey companions except you’re in a position to switch factors to a different Chase premium journey card that does supply Final Rewards.
The data offered right here is created independently from the TIME editorial workers. To study extra, see our About web page.