Our take: The Chase Freedom Limitless® card is a well-rounded rewards card, providing beneficiant cash-back earnings in a wide range of classes. The $0 annual charge and an introductory 15-month 0% APR make this card notably engaging to budget-conscious cardholders.
Professionals
- 0% intro buy APR for 15 months from account opening (after that, the variable APR shall be 20.49%–29.24%)
- As much as 5% money again
- $0 annual charge
Cons
- Different flat-rate playing cards have the next base earnings price
- International transaction charge
Chase Freedom Limitless Highlights
Card sort: Cash back, 0% APR, Steadiness switch
- Welcome bonus: $200 bonus after you spend $500 on purchases within the first 3 months from account opening
- Annual charge: $0
- Rewards:
- 5% money again on Lyft purchases (by March 2025)
- 5% money again on journey bought by Chase Final Rewards
- 3% money again on eating (together with takeout and eligible supply service)
- 3% money again on drugstore purchases
- 1.5% money again on all eligible purchases
Overview
The Chase Freedom Limitless® card is a flexible bank card that provides a complete rewards program for on a regular basis purchases. This card stands out for its means to earn limitless 1.5% money again on all eligible purchases. The rewards program additionally extends to particular classes similar to journey purchases made by the Chase Final Rewards portal, eating at eating places, and drugstore purchases. The cardboard options $0 annual charge, including to its attraction for budget-conscious shoppers. To incentivize new cardholders, the Freedom Limitless presents a further $200 bonus after you spend $500 on purchases within the first 3 months from account opening
Furthermore, the Chase Freedom Limitless® card contains advantages that transcend its money again rewards program. That features an introductory 0% APR for the primary 15 months after card approval, which applies to each purchases and steadiness transfers (after that, the APR shall be 20.49%–29.24% Variable). The cardboard additionally comes with extra perks, together with buy safety, prolonged guarantee advantages, complimentary three-month DashPass and Instacart+ membership, and 5% money again on Lyft purchases (by March 2025).
Who’s the Chase Freedom Limitless good for?
The Chase Freedom Limitless could possibly be proper for somebody who doesn’t wish to cope with registering for bonus classes each quarter however who nonetheless desires extra rewards on eating, drugstores and journey booked by Chase’s portal.
Who shouldn’t get the Chase Freedom Limitless?
In case you are in search of a single journey rewards card, you’ll seemingly do higher with a card just like the Sapphire Preferred. Final Rewards earned from the Freedom Limitless is not going to switch to journey companions except you even have a companion Chase card that provides transferable factors.
Chase Freedom Limitless: Rewards
As a welcome provide, the Chase Freedom Limitless card presents new cardholders a further 1.5% money again on all the things you purchase (on as much as $20,000 spent within the first yr). The Freedom Limitless additionally presents the next rewards to cardholders:
- 5% money again on Lyft purchases (by March 2025)
- 5% money again on journey bought by Chase Final Rewards
- 3% money again on eating (together with takeout and eligible supply service)
- 3% money again on drugstore purchases
- 1.5% money again on all eligible purchases
How one can redeem Chase Freedom Limitless rewards factors
Chase presents a number of methods to make use of your Freedom Limitless Final Rewards factors.
Money again
The best redemption technique is money again. You may redeem factors at one cent every for a direct deposit or assertion credit score.
Mix factors to ebook journey by Chase Final Rewards portal
When you’re trying to get probably the most worth out of your rewards, reserving journey by the Chase Final Rewards portal is certainly one of your greatest choices. Usually, every reward level is value one cent when redeemed for money, however for those who switch factors earned through your Chase Final rewards card to certainly one of your premium playing cards, you’ll be able to enhance their worth when redeemed for journey on this method. For instance, transferring factors to your Chase Sapphire Reserve® card will enhance their worth to 1.5 cents per level.
Mix factors to switch factors to journey companions
The Freedom Limitless card additionally means that you can switch your factors to Chase’s journey companions at a full 1:1 worth ratio, which incorporates a number of airline and resort loyalty applications, supplied you’ve gotten a companion card that provides that characteristic.
Redeem for reward playing cards
You need to use rewards factors to purchase reward playing cards from over 175 widespread retailers and eating places. Needless to say level values might differ relying on the precise reward card. Typically, nonetheless, one level is value one cent when redeemed this fashion.
Different redemption strategies embrace pay for factors, however you’ll almost certainly get lower than one cent per level when utilizing this characteristic at websites like Amazon. In that case you’re higher off redeeming factors for money again, then making your buy.
Charges and Charges
- Intro APR: 0% intro buy APR for 15 months from account opening (after that, the variable APR shall be 20.49%–29.24%)
- Buy APR: 20.49%–29.24% Variable
- Steadiness switch provide: 0% intro steadiness switch APR for 15 months (intro steadiness switch charge: $5 or 3% of the quantity of every switch, whichever is bigger within the first 60 days)
- Annual charge: $0
- International transaction charge: 3% of the quantity of every transaction in U.S. {dollars}
Extra advantages
- Zero legal responsibility safety: You gained’t be answerable for unauthorized costs made along with your card or account data.
- Buy safety: Get lined towards harm or theft as much as $500 per declare and $50,000 per account on new purchases for 120 days.
- Prolonged guarantee safety: The U.S. producer’s guarantee is prolonged by a further yr, on eligible warranties of three years or much less.
- Journey cancellation/interruption insurance coverage: In case your journey will get canceled or reduce brief as a result of illness, extreme climate, or different lined conditions, you may get reimbursed as much as $1,500 per particular person and $6,000 per journey on your pre-paid, non-refundable passenger fares.
- 24/7 fraud monitoring: Chase will monitor your card for fraud 24/7 and may textual content, e mail or name you if there are any uncommon purchases.
- Auto rental collision harm waiver: Obtain secondary protection for theft and collision harm for many vehicles within the U.S. and overseas. It’s essential to first decline the rental firm’s collision insurance coverage and cost your complete rental value to your card.
- Journey and emergency help companies: Name the Profit Administrator for authorized and medical referrals or different journey and emergency help when you’re away. (You can be chargeable for the price of any items or companies obtained.)
- DashPass: Get three months of DashPass without cost, after which you’re routinely enrolled in DashPass at 50% off for the subsequent 9 months. It’s essential to activate by December 31, 2024.
- Lyft: Get 5% money again on Lyft rides by March 31, 2025 (3.5% money again along with the 1.5% money again you already earn).
- Instacart: Obtain free membership to Instacart+ for 3 months. It’s essential to enroll by July 31, 2024.
Bank cards much like Chase Freedom Limitless
There are a number of money again bank cards available on the market that work equally to the Chase Freedom Limitless. So earlier than making use of for this card, see the way it compares to a few different choices.
Uncover it® Money Again vs. Chase Freedom Limitless® card
An identical card to the Chase Freedom Limitless® is the Discover it® Cash Back card. Very similar to the Freedom card, you even have the chance to earn as much as 5% money again. Nevertheless, the Uncover it® Money Again card rotates its high incomes class quarterly, and rewards are capped at $1,500 in qualifying purchases per quarter. The bottom money again price can be barely decrease than the Chase Freedom Limitless at 1%.
U.S. Financial institution Money+® Visa Signature Card vs. Chase Freedom Limitless®
The U.S. Bank Cash+® Visa Signature® Card is one other rewards card that means that you can earn as much as 5% again, has no annual charge, and comes with a $200 sign-up bonus. The primary distinction between this card and the Chase Freedom Limitless is that the Money+ card requires you to pick two rotating bonus classes every quarter as a way to earn 5% again. When you fail to pick classes, you’ll earn a default 1% money again price on all purchases. The 5% rewards bonus can be capped at $2,000 in spending per quarter.
Is Chase Freedom Limitless best for you?
The Chase Freedom Limitless card is a strong rewards bank card that provides aggressive money again charges on quite a few classes, particularly journey. When you’re in search of a card with an easy rewards construction that doesn’t require you to maintain monitor of rotating classes, the Freedom Limitless could possibly be a sensible choice for you.
Steadily requested questions
What’s the distinction between Chase Freedom FlexSM and Freedom Limitless®?
The primary distinction between these two playing cards is that the Chase Freedom Flex℠ earns probably the most money again in sure rotating classes, whereas the Freedom Limitless earns constant rewards in the identical particular classes.
What’s the 5/24 rule?
This can be a coverage that Chase has relating to its bank cards. In response to this rule, you’ll seemingly not qualify for a brand new Chase bank card for those who’ve opened 5 or extra playing cards from any financial institution up to now 24 months.
What credit score rating is required to get a Chase Freedom Limitless card?
Typically, bank card candidates want good credit to qualify for the Chase Freedom Limitless card, which is outlined as a FICO credit score rating of 670 or larger. Nevertheless, chances are you’ll want the next rating to qualify, relying in your total credit score and monetary profile.
Please word that card particulars are correct as of the publish date, however are topic to alter at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.
