Is Chase Freedom a good card to have?
The Chase Freedom Unlimited® is an excellent card on its own, but it’s even better as a companion to other cards that earn Chase Ultimate Rewards® points.
Is Chase Freedom card being discontinued?
Yes, Chase Freedom was discontinued on September 15, 2020, and it is no longer available to new applicants. Current Chase Freedom cardholders aren’t required to change products, though they can upgrade to another rewards credit card from Chase if they’d like.
Is Chase Freedom Unlimited hard to get approved?
Chase Freedom Unlimited® is fairly hard to get, as it requires at least good credit for approval, meaning a minimum credit score of 700. The Chase Freedom Unlimited card is even harder to get with scores lower than that.
What credit score do I need to get approved for Chase Freedom?
670 or higher
To get the Chase Freedom Unlimited® or the Chase Freedom Flex℠, you should have a credit score of 670 or higher. Most successful applicants have good credit, which starts at a credit score of 670, and many have credit scores in the 700s.
Is Chase Freedom a good credit card for beginners?
The Chase Freedom Unlimited is NextAdvisor’s pick for the best cash back credit card for its impressive rewards and flexibility — which makes it a great option for beginners, too.
What is the minimum credit limit for Chase Freedom Unlimited?
Here’s why: The Chase Freedom Unlimited® offers a $500 minimum credit limit, but the limit is at least $5,000 if you’re approved for the Visa Signature® version of the card. Beyond those minimum limits, this card offers plenty of opportunities to earn cash back.
Why did I not get approved for Chase Freedom Unlimited?
You will not be approved for most of their cards, including the Chase Freedom Unlimited, if you have opened five or more credit cards from any bank (NOT counting Chase small business cards and certain other business cards) in the past 24 months.
What is the 5 24 rule?
Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase’s 5/24 rule means that you can’t be approved for most Chase cards if you’ve opened five or more personal credit cards (from any card issuer) within the past 24 months.
Is the Chase Freedom card easy to get?
The easiest Chase credit card to get is the Chase Freedom® Student credit card because applicants can get approved with limited credit. This means the odds of approval are good even for people who are new to credit, making the Chase Freedom® Student credit card much easier to get than other Chase credit cards.
Is there any reason to keep Chase Freedom?
By and large, there’s really no reason not to upgrade to the Chase Freedom Flex. You’ll maintain the bonus cash-back categories you already have, and you’ll also get access to a few more ways to earn bonus rewards — plus the card still charges no annual fee.
Can I convert Chase Freedom to Chase Freedom Unlimited?
Yes, you can upgrade Chase Freedom to Chase Freedom Unlimited®. To upgrade, call customer service at (800) 945-2000, enter your account information, and ask to speak to a customer service representative when prompted. Tell the representative you’d like a product change from Chase Freedom to Chase Freedom Unlimited.
Why did Chase Freedom deny me?
Chase Freedom Unlimited® applications could be denied because of a low credit score (below 700), not enough annual income, or too many recent credit inquiries. Other grounds for denial could be incomplete or inaccurate information on the application, or a pending bankruptcy on your credit report.
How does the Chase Freedom unlimited credit card work?
The Chase Freedom Unlimited ® credit card awards 1.5% cash back for every $1 spent on all purchases. You also earn 5% cash back on travel purchases made through Chase Ultimate Rewards ® and 3% cash back on dining purchases at restaurants, including takeout and eligible delivery services, and drugstores.
How much cash back can you get with a chase card?
The card earns 3% cash back on restaurants and drugstore purchases, 5% back on travel booked through Chase and 1.5% back on other purchases, and put together you have a card that can really pile up the cash back. And if you carry other credit cards that also earn Chase Ultimate Rewards® points, it packs even more value.
Is Bank of America’s preferred rewards program better than Chase Freedom Unlimited?
This requires more effort to track than the Chase Freedom Unlimited, but if you’re part of Bank of America’s Preferred Rewards program, you could earn an additional 25% to 75% on top of the standard rewards rate, which could yield a better return on your spending than the Freedom Unlimited.
How much can I get reimbursed for Chase Freedom unlimited trips?
For eligible purchases made with your Chase Freedom Unlimited ® credit card, you can be reimbursed up to $1,500 per person and $6,000 per trip for your prepaid, non-refundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations.