The Chase Freedom Limitless® presents a few of the finest advantages of bank cards with no annual price. It presents well-rounded cash-back rewards, a robust welcome bonus and the security web of an introductory APR.

Regardless of its sturdy 5% cash-back rewards on journey booked by way of Chase Final Rewards, this is not the finest bank card for journey as a consequence of it charging international transaction charges. As an alternative, this card is finest used as a low upkeep every day bank card that earns respectable money again on well-liked spending classes. Its introductory APR makes it an excellent possibility for an emergency bank card, since you may take time to repay sudden bills whereas avoiding curiosity expenses. The welcome bonus additionally has one of many highest payoffs of all bank cards when in comparison with the spending threshold required to unlock it.

On this article

• Money-back rewards
• ​Reserving journey by way of Chase Final Rewards​
• Redeeming your Chase Freedom Limitless Rewards​
• Extra perks​
• Different playing cards to think about​
• FAQs​
• Our method to bank card analysis​

Associated: Chase Credit score Playing cards

Money-back rewards and welcome bonus

Whereas there are numerous several types of rewards bank cards — together with cash-back, gasoline and airline bank cards — this card is an effective match should you prioritize simplicity. It would not require you to decipher rewards charts, guide journey round accessible offers or strategically redeem or switch factors.

The Chase Freedom Limitless has a 1.5% flat cash-back price on all purchases, making it aggressive to begin. However the Freedom Limitless additionally presents 5% again on journey purchases made by way of Chase Final Rewards — the issuer’s rewards platform — in addition to 3% on eating at eating places and drugstore purchases.

Amongst cash-back rewards bank cards, most do not supply greater than 1% again as a flat price. Typically talking, playing cards normally specialise in just a few classes and supply only one% again on purchases outdoors these classes. Some exceptions embrace the Wells Fargo Lively Money® Card (2% money rewards on purchases) and the Citi® Double Money Card (1% money again whenever you make a purchase order and one other 1% whenever you pay for the acquisition).

The Chase Freedom Limitless stands alone as the one card with an excellent flat price of 1.5% money again plus three extra bonus classes: 5% again on journey purchases made by way of Chase Final Rewards (together with airline tickets, resorts, automobile leases and cruises), 3% on eating at eating places (together with takeout and eligible supply) and three% on drugstore purchases. Via March 2025, cardholders also can earn 5% money again on qualifying Lyft rides. Once more, it is uncommon to discover a card that has such excessive charges alongside so many rewards classes.

The welcome bonus is aggressive as properly, and would not require assembly a minimal spending threshold to unlock. You will earn a further 1.5% money again on as much as $20,000 of spending within the first 12 months — netting you as much as $300. Different prime playing cards might require $1,000 or extra spent on purchases to unlock the welcome bonus, which regularly comes within the less-convenient type of miles or factors. 

Reserving journey by way of Chase Final Rewards

Getting 5% money again on journey purchases is notable, since such a reward is normally solely discovered with prime journey rewards bank cards that cost annual charges. The catch, nonetheless, is that the 5% rewards price is restricted to journey purchases made by way of Chase Final Rewards, which makes use of a third-party journey platform.

The benefit to utilizing a third-party reserving software is you can examine a number of airways and hunt down good offers. The software is simple, simple to make use of and will be accessed out of your card account on the Chase web site. The drawback is that airways and resorts will be troublesome if any points come up along with your reservation, because you did not guide it instantly with them. You additionally will not earn resort factors or credit, although you need to earn frequent flyer miles on flights should you’re signed up for the airline’s program. 

Redeeming your Chase Freedom Limitless Rewards

As talked about above, one of many principal benefits of cash-back rewards bank cards is simplicity. Rewards earned with the Chase Freedom Limitless will be redeemed at any quantity (no minimal), and as a press release credit score or direct deposit into most US checking and financial savings accounts. 

Chase additionally presents the power to buy with factors at Amazon and redeem rewards for reward playing cards. Although you may go this route, the charges are decrease and the choices are extra restricted. 

One other manner you may redeem rewards is in case you have both the Chase Sapphire Most well-liked® Card or the Chase Sapphire Reserve®, Chase’s journey rewards and premium journey rewards playing cards. In case you have considered one of these playing cards, you may switch your Final Rewards factors to both of them, concurrently bumping their worth of 1.25 cents apiece for Chase Sapphire Most well-liked cardholders, and 1.5 cents apiece for Chase Sapphire Reserve cardholders when reserving journey by way of Chase Final Rewards.

This redemption possibility is a pleasant perk for these with a number of Chase bank cards, however do not join one other card simply to extend the worth of your Chase Freedom Limitless. Nevertheless, if you have already got the Chase Sapphire Most well-liked or Chase Sapphire Reserve, signing up for the Freedom Limitless might be an excellent possibility.

Extra perks

The Chase Freedom Limitless presents extra perks which might be pretty customary however price noting. When reserving a automobile rental with the cardboard, you may get an auto rental collision harm waiver, and journeys booked with the cardboard are eligible for cancellation insurance coverage.

Chase additionally presents buy safety by way of this bank card. Because of this if the products bought on the cardboard are stolen or broken, Chase will restore, exchange or reimburse as much as $500 per declare, on as much as $50,000 per account. 

Cardholders also can get three months of DashPass, DoorDash’s subscription service, which lets you get free supply on eligible orders, adopted by 9 months of 50% off. This supply should be activated by Dec. 31, 2024. 

You possibly can redeem your money again on Amazon purchases by linking your bank card proper to your Amazon account. Once you go to make a purchase order, if you choose the Chase Freedom Limitless as your fee technique, a immediate will seem beneath providing you with the choice to use your Chase rewards to the acquisition.

Lastly, the Freedom Limitless presents 0% introductory APR on purchases and stability transfers for the primary 15 months from opening your account (16.49% to 25.24% variable APR thereafter), which is a reasonably distinct function for a cash-back card. There’s an intro stability switch price of both $5 or 3% of the quantity of every switch, whichever is larger, on transfers made inside 60 days of account opening (after that, both $5 or 5% of the quantity of every switch, whichever is larger). Do not forget that carrying a stability past that interval might instantly erode potential cash-back rewards.

Different playing cards to think about

Chase Freedom Flex℠

The Chase Freedom Flex℠ is the sister card to the Freedom Limitless. Along with providing 5% cash-back on journey bought by way of Chase Final Rewards, it additionally presents a bonus quarterly rotating class the place you may earn 5% money again on as much as $1,500 in mixed spending per quarter (then 1%) whenever you activate this profit by way of your account. Now by way of September, you may earn these bonus rewards on gasoline stations, automobile rental companies, film theaters and choose reside occasions.

In any other case, you earn 3% cash-back on eating at eating places and drugstore purchases — however you may solely earn 1% on all different purchases, in comparison with a 1.5% catch-all price with the Freedom Limitless. Regardless of these two main variations within the rewards applications, you’ll benefit from an equal introductory APR with both card. The welcome bonus is barely totally different — general you’ve got much less incomes potential however extra folks will have the ability to benefit from it: You possibly can earn a $200 bonus whenever you spend $500 on the cardboard throughout the first three months.

For extra particulars, see our full evaluation of the Chase Freedom Flex.

Wells Fargo Lively Money® Card

As talked about beforehand, the Wells Fargo Lively Money® Card might be an excellent substitute for the Chase Freedom Limitless, significantly for individuals who want simplicity of their rewards program.

The Lively Money presents 2% money rewards throughout your spending, so you do not have to fret which rewards price you are getting for which purchases. This may occasionally swimsuit some folks’s budgets higher, significantly if they are not spending a big portion of their funds eating at eating places, at drugstores or on journey. And you may nonetheless have the ability to benefit from some comparable perks as with the Freedom Limitless, because the Lively Money comes with a comparable introductory APR and welcome bonus.

For extra details about this card’s supply, see our full evaluation of the Wells Fargo Lively Money.

FAQs

Our method

We evaluation the playing cards which might be within the highest demand and supply the most effective advantages. We scour the tremendous print so there are no surprises whenever you open an account. We discover the important thing elements that make a card stand out and examine them to different prime playing cards. That manner, readers can go for a distinct card with comparable options if our choose is not proper for them. Our critiques are usually checked and up to date to include new suggestions, in addition to to replicate modifications in presents and the market. 

The editorial content material on this web page is predicated solely on goal, impartial assessments by our writers and isn’t influenced by promoting or partnerships. It has not been supplied or commissioned by any third get together. Nevertheless, we could obtain compensation whenever you click on on hyperlinks to services or products provided by our companions.

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