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Chase Freedom Limitless® overview
The no-annual-fee Chase Freedom Limitless is ideal for newbie and superior award vacationers. Whereas many playing cards supply 1% again on purchases outdoors of bonus classes, you’ll earn 1.5% again on non-bonus spending with the Freedom Limitless. And should you pair this with a card that earns premium Chase Final Rewards factors, you’ll be able to convert your rewards into absolutely transferable factors, doubling their worth. Card score*: ⭐⭐⭐⭐
*Card score relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
At first look, the Chase Freedom Limitless would possibly seem to be a tame cash-back card. However there’s much more to it than meets the attention.
With no annual price and a easy incomes construction, it’s an important card for inexperienced persons, supplied they’ve a credit score rating of no less than 670. It’s additionally a superb card pairing for extra premium choices just like the Chase Sapphire Most popular Card and Chase Sapphire Reserve, making it a worthwhile addition to many bigger card portfolios.
Let’s study what makes this card so deceptively nice, and whether or not it deserves a spot in your pockets.
Chase Freedom Limitless welcome supply
The Chase Freedom Limitless’s present welcome supply permits cardholders to successfully double the money again earned of their first 12 months. With the Freedom Limitless, Chase will robotically match all of the money again you’ve earned within the first 12 months with no restrict, basically doubling the cardboard’s earnings charges. Nevertheless, this profitable supply ends quickly, so that you’ll must act quick.
That is undoubtedly probably the greatest presents we’ve seen on this card — maybe one of the best, relying in your spending habits. Notice that you simply’ll obtain the matched cash-back in a single lump sum on the finish of 12 months — not on the finish of every month-to-month billing cycle.
And it’s much more worthwhile should you even have a card that earns Chase Final Rewards factors, that means you’ll be able to switch your money again to factors and transfer them to one in all Chase’s switch companions.
Additionally, since it is a Chase card, bear in mind it’s topic to Chase’s 5/24 rule.
Associated: One of the best time to use for these Chase playing cards based mostly on supply historical past
Chase Freedom Limitless advantages
The trade-off for playing cards with out an annual price is that they have an inclination to come back with fewer perks than their extra premium counterparts. Nonetheless, the Freedom Limitless has some good options price highlighting:
- Rental automotive safety: You’ll have rental automotive insurance coverage that covers theft and injury as much as the precise money worth of most rented vehicles
- Journey cancellation and interruption insurance coverage: You’ll be lined for as much as $1,500 per individual and as much as $6,000 per journey for eligible journey bills in your card if a loss ends in the cancellation or interruption of your journey plans
- Roadside dispatch: You’ll get entry to pay-per-use roadside help that may join you with service suppliers when you’ve got points on the highway
- Prolonged guarantee safety: You’ll be able to lengthen the time interval of guarantee protection by one further 12 months on unique eligible warranties of three years or much less
- Buy safety: Your purchases are protected towards theft and injury for 120 days after the date of buy
In the event you don’t have one other card with extra strong journey insurance coverage and buying protections, it is a respectable quantity of protection for a card with no annual price.
Associated: Why the Chase Freedom Limitless is nice for faculty college students
Incomes money again on the Chase Freedom Limitless
With the Freedom Limitless, you’ll usually earn:
- 5% again on journey booked by Final Rewards
- 3% again on eating (together with takeout and eligible supply providers)
- 3% again at drugstores
- 1.5% again on all different purchases
Nevertheless, with the present welcome supply, you’ll earn double these charges for the primary 12 months you’ve got the cardboard. Notably, which means you’ll be able to earn 6% on eating and no less than 3% on all different purchases.
Whereas not one of the bonus classes are show-stoppers, discovering a card with bonus classes and a flat charge greater than 1% for all further purchases is uncommon. The bonus classes are good, however the skill to earn 50% extra on non-bonus spending makes this card shine.
Associated: One of the best playing cards to pair with the Freedom Limitless
Redeeming money again on the Chase Freedom Limitless
You’ll be able to redeem the money again earned in your Freedom Limitless as a press release credit score or for a direct deposit into most U.S. checking and financial savings accounts at a price of 1 cent per level. You too can redeem your rewards for reward playing cards or use them to guide journey by the Final Rewards portal for journey for a similar worth.
You too can pay instantly along with your factors at Amazon.com, however you’ll get a decrease worth going this route.
With the precise card pairing, you’ll be able to flip your rewards into transferable Chase Final Rewards factors and make the most of Chase’s worthwhile switch companions for much more worth.
Associated: Why the Chase Sapphire Most popular and Freedom limitless are the proper newbie card combo
Transferring money again with the Chase Freedom Limitless
Alone, the Freedom Limitless is a real cash-back card and doesn’t help you switch your rewards to journey companions.
Nevertheless, should you even have the Chase Sapphire Most popular Card, the Chase Sapphire Reserve or the Ink Enterprise Most popular Credit score Card, you’ll be able to mix your rewards and unlock Chase’s full listing of 14 resort and airline companions.
TPG staffers significantly love the choice to switch our Chase Final Rewards to World of Hyatt. A few of us, like TPG director of content material Summer season Hull, choose to make use of these rewards to guide higher-end Hyatts which may in any other case be out of finances. Alternatively, some are like me and like to stretch our rewards through the use of them for nice offers on Hyatt’s Class 1 properties.
Along with World of Hyatt, Chase’s different switch companions embody worthwhile choices like United MileagePlus, British Airways Government Membership and Singapore Airways KrisFlyer. You’ll discover glorious choices with Chase’s switch companions, no matter your journey model and preferences.
Associated: Easy methods to redeem Chase Final Rewards for max worth
Which playing cards compete with the Chase Freedom Limitless?
One possibility is perhaps a greater match if you wish to give attention to incomes cash-back rewards. Just like the Freedom Limitless, they earn cash-back rewards and don’t carry an annual price.
- If you wish to earn 5% again on rotating classes: The Chase Freedom Flex earns 5% again on as much as $1,500 in mixed purchases in quarterly bonus classes after you activate. Just like the Freedom Limitless, it earns rewards you’ll be able to switch to Chase’s companions with the precise card pairing. For extra particulars, try our full assessment of the Chase Freedom Flex.
- If you wish to earn 3% again on totally different classes: The Blue Money On a regular basis® Card from American Categorical earns 3% again spent at U.S. supermarkets, U.S. on-line purchases and U.S. fuel stations every year (as much as $6,000 for every class, then 1%) and 1% on all different purchases. For extra particulars, try our full assessment of the Amex Blue Money On a regular basis.
- If you wish to earn extra on non-bonus spending: The Citi Double Money® Card (see charges and charges) earns 2% again on all purchases (1% if you purchase and 1% as you pay). For extra particulars, try our full assessment of the Citi Double Money.
For added choices, please see our lists of one of the best cash-back playing cards and one of the best playing cards with out an annual price.
Associated: Chase Freedom Flex vs. Chase Freedom Limitless
Is the Chase Freedom Limitless price it?
Because the Freedom Limitless doesn’t carry an annual price, you’ll be able to really feel nice about incomes rewards with out justifying what you pay to maintain it every year. You’ll be able to maximize your rewards-earning potential if you have already got a Chase Final Rewards points-earning card. Nevertheless, should you’re centered solely on cash-back rewards, you’ll doubtless desire a card with the next incomes charge.
Associated: How to decide on a cash-back card
Backside line
The Chase Freedom Limitless is a good card for on a regular basis, non-bonus spending and may present unbelievable worth when paired with a extra premium Chase card. Whether or not you’re a newbie or a professional searching for a complementary card so as to add to your portfolio, the Freedom Limitless is a superb alternative.
Apply right here: Chase Freedom Limitless, with all of the money again you’ve earned within the first 12 months matched with no restrict. Supply ends quickly.
