A longtime favorite for fans of cash back, the Chase Freedom Unlimited has recently revamped its rewards program and now offers even more opportunities to earn cash back with every purchase. Along with the card’s classic 1.5% cash back rate on general purchases, cardholders will enjoy outsized rewards on Ultimate Rewards travel, dining and drugstore purchases.
Such practical bonus categories and a better-than-average cash back rate on general purchases should make it easy to earn plenty of rewards – no matter how you weigh your spending. Plus, Chase Ultimate Rewards cardholders will enjoy the flexibility to transfer points between cards, allowing point hackers to stockpile enough rewards for their next vacation in no time.
Pros and cons
- It offers a relatively long introductory APR period, so it can be an excellent choice for those who need time to pay down a balance without accruing interest.
- It has a generous welcome offer and high rewards rate; cardholders have an unlimited 1.5% minimum earn rate for cash back rewards.
- It does not have a minimum redemption amount or a cap on cash back, so you have a greater opportunity to earn more rewards.
- It requires applicants to have good or excellent credit, so it may be difficult to be approved if your credit score is low.
- The card isn’t ideal for use when traveling abroad since it charges a 3 percent foreign transaction fee.
- You are required to use the Chaser Ultimate Rewards portal when booking to earn your cash back rates, otherwise you will only earn the flat 1.5% rate.
Why you might want the Chase Freedom Unlimited Card
Even for those who don’t have any other Chase cards, the Chase Freedom Unlimited can still be a fantastic addition to your wallet due to its impressive cash back rewards, attractive welcome bonus and decent introductory APR offer.
Earn cash back on general purchases and bonus categories
The Chase Freedom Unlimited is on track to be an ideal choice for cardholders who want the best of both worlds: Not only do you earn 1.5% cash back on general purchases, but you’ll also get 5% back on travel purchased through the Chase Ultimate Rewards portal, 3% back on dining and on drugstore purchases, and an additional 1.5% in each category for the first year, on up to $20,000 worth of purchases. Through March 2025, you’ll also earn 5% cash back on Lyft purchases.
This new rewards earning scheme is unique, as most cards that offer bonuses in specific spending categories limit you to a 1% cash back rate on general purchases. Based on the average consumer’s spending habits, we estimate that the Chase Freedom Unlimited now carries a terrific average rewards rate of just over 2% back. With an average spend of $15,900 per year, a consumer should earn around $328 per year in cash back with the Chase Freedom Unlimited, about $100 more per year than we’d expect with the card’s traditional cash back program. Of course, you could earn even more if you spend heavily in the card’s bonus categories.
Excellent sign-up bonus
The Chase Freedom Unlimited card comes with a unique introductory offer, allowing new cardholders to earn an additional 1.5% cash back on all purchases (up to $20,000) in the first year. If you meet the $20,000 spending limit, this offer is valued at $300. The card’s previous offer provided new cardholders the chance to earn a $200 sign-up bonus for spending $500 in the first three months of card membership. As you can see, this new introductory offer is aimed more at cardholders who spend substantially in the first year and ultimately rewards more.
Flexible cash back redemption options
Once you’ve earned rewards, the Chase Freedom Unlimited is extremely flexible in how you redeem them, giving you plenty of different redemption options without any minimum to redeem for cash back. If you want to use your points for cash back, you can redeem them for either a statement credit or direct deposit into your bank account. You also have the option to use Freedom Unlimited points to pay for travel in the Chase Ultimate Rewards portal. Just keep in mind that your points might have a different value depending on how you choose to redeem.
Chase Freedom Unlimited redemption options
|Redemption option||Point value (cents)|
You can also use the Chase Pay Yourself Back feature to redeem points to pay for some or all of your purchases in select categories and get paid back with a statement credit. You’ll still earn points on these purchases and your points may be worth more when you redeem in certain categories. For a limited time, Freedom Unlimited cardholders can redeem at a value of 1.25 cents per point when they opt to donate to eligible charitable organizations.
Long intro APR period for new purchases and balance transfers
The Chase Freedom Unlimited could also be useful if you need to strategically carry a balance in the short term. The card comes with a 0% intro APR on new purchases and balance transfers for the first 15 months (19.74% to 28.49% variable thereafter), so if you have a big purchase to make that you’d like to pay off over time without incurring hefty interest charges, signing up for this card can be a great strategy. Plus, you can avoid racking up interest charges if you need to consolidate some debt and need time to pay it off. Keep in mind, you will need to pay a balance transfer fee of $5 or 3% of each transfer amount (whichever is greater) in the first 60 days. Just be sure to make a plan to pay off your balance before the introductory period ends, as the ongoing APR can be high.
Several cardholder perks
The Chase Freedom Unlimited comes with several perks that make it a valuable choice for frequent travelers. Here’s a quick look at some of the card’s benefits.
- Car rental insurance – For car rentals booked and paid for with your card, you can receive secondary coverage in the case of damage or theft.
- Purchase protection – If you purchase an item with your Freedom Unlimited and it is stolen or damaged in the first 120 days, you can be reimbursed up to $500 per claim (max $50,000 per account).
- Extended warranty – Add an extra year to qualifying manufacturer’s warranties of three years or less.
- Trip cancellation and interruption insurance – If you have to cancel or cut a trip short due to a covered circumstance such as severe weather or illness, you can be reimbursed for any non-refundable fares charged to your card.
To take full advantage of the card’s perks, put all major purchases on the Freedom Unlimited.
Why you might want a different card
Those looking for a cash back card with a straightforward rewards program, as well as those who spend frequently on restaurant and drugstore purchases, may find the Chase Freedom Unlimited card very appealing. It may also be a great choice for cardholders who want to maximize their earnings by pooling the rewards from multiple Chase cards. But it may not be ideal for consumers with poor credit, people who want to earn extra reward points on grocery or gas purchases or people who prefer a flat earnings rate instead of strategizing to max out bonus categories.
Strict approval odds
The Chase Freedom Unlimited is designed for users with good to excellent credit (above 670), so you’ll want to ensure you meet those qualifications before you apply. If you are worried about your eligibility and want to avoid a hard pull on your credit, you can also take advantage of tools like CardMatch™ to see if you’re matched for the offer.
Additionally, Chase is one of the strictest issuers when it comes to the number of accounts you can have open – holding new applicants to the 5/24 rule. This rule means if you have opened five or more credit cards with any issuer in the last 24 months, it is likely you won’t be approved for the card.
Not a great travel companion
While you’ll be able to earn big when you book travel through Chase Ultimate Rewards with this card, using it for purchases while at your international destination may not be the most cost effective. The Chase Freedom Unlimited charges a 3 percent foreign transaction fee, so every charge you make overseas will have this 3 percent fee added. This kind of fee can prove expensive in the long run, so be sure you have other cards you can use for purchases on your trip that don’t add this extra cost.
How does the Chase Freedom Unlimited compare to other cash back cards?
While the Chase Freedom Unlimited card offers a good flat rate of cash back for cardholders seeking simplicity, it does not offer the best rate you can find among cash back cards. Here’s a quick look at a few popular alternatives:
Citi® Double Cash Card
Capital One Quicksilver Cash Rewards Credit Card
Chase Freedom Flex℠
|Rewards rate||Rewards rate|
1.5% cash back on every purchase
No current offer
$200 if you spend $500 in first 3 months
$200 if you spend $500 in first 3 months
|Other things to know||Other things to know||Other things to know|
Chase Freedom Unlimited vs. Citi Double Cash Card
For cardholders who prefer a flat rate of cash back to keeping track of bonus categories, the Citi Double Cash Card offers one of the highest earning rates you can get on every purchase. Cardholders earn 1% cash back on everything they buy, plus an additional 1% cash back as they pay for those purchases, for up to 2% back on every purchase.
See Related: Citi Double Cash Card vs. Chase Freedom Unlimited
Chase Freedom Unlimited vs. Capital One Quicksilver
Like the Chase Freedom Unlimited, the Capital One Quicksilver card offers a flat 1.5% cash back on every purchase. If you want to earn a flat rate on all purchases – but prefer Capital One to Chase – this card could be a great choice for you.
Chase Freedom Unlimited vs. Chase Freedom Flex
In addition to bonus rewards on Ultimate Rewards travel, dining and drugstore purchases, the Chase Freedom Flex awards cardholders 5% cash back in rotating bonus categories that they must enroll in each quarter (on up to $1,500 in purchase per quarter). Cardholders also earn 5% cash back on travel purchases through the Chase Ultimate Rewards portal, 3% cash back on drugstore purchases and on dining and 1% cash back on other purchases. If you don’t mind putting a bit more maintenance into your credit card, this can be a very lucrative earning rate.
The Chase Freedom is also an excellent pair for other Ultimate Rewards cards, as you can transfer points between cards just like you can with the Chase Freedom Unlimited.
See Related: Chase Freedom Flex vs. Chase Freedom Unlimited
Pairing the Chase Freedom Unlimited with other rewards cards
Because the Freedom Unlimited card comes with a good flat rate of cash back on all purchases, it makes an excellent pair for other rewards cards that earn bonus points or cash back in particular categories. It makes a particularly good pair for other Chase Ultimate Rewards cards as it is easy to transfer points between them.
Plus, cards like the Chase Sapphire Preferred® Card get a higher point value when you redeem rewards for travel through the Ultimate Rewards portal – meaning you can stretch your points a bit further by carrying both cards. Simply put all bonus category purchases on the Sapphire Preferred (the card earns 5X points per dollar on travel purchased through Chase Ultimate Rewards, 3X points per dollar on dining and 2X points per dollar on other travel purchases) and all other purchases on the Freedom Unlimited. Then, transfer all your points to the Sapphire to get more value out of them.
Additionally, Sapphire Preferred and Chase Sapphire Reserve® cardholders have the option of transferring points to one of Chase’s travel partners. Since many airline and hotel loyalty programs have an average point value higher than 1 cent per point, this strategy can be another way to get more from your rewards.
How to use the Chase Freedom Unlimited card:
- Use the card as your go-to for general purchases, especially at drugstores and on dining for the first year to take advantage of the increased rewards rate.
- Use the card for all Ultimate Rewards travel bookings and on dining and drugstore purchases.
- Use the card for all Lyft rides.
- Consider pairing the card with another Ultimate Rewards card such as the Sapphire Preferred to get more value out of your Ultimate Rewards points.
- Take advantage of perks like Chase Offers and referral bonuses to earn more rewards.
Who should get the Chase Freedom Unlimited card?
- Cardholders looking for a good all-purpose cash back card that earns solid cash back on every purchase, plus bonuses in specific categories.
- Cardholders looking for a generous introductory offer.
- Cardholders who want to earn Ultimate Rewards without paying an annual fee.
- Frequent travelers who will take advantage of the card’s protections and insurances.
- You’re a frequent Lyft rideshare user.
Who should skip the Chase Freedom Unlimited card?
- Cardholders who want to earn bonus cash back rewards in categories such as gas, grocery stores and online shopping.
- Cardholders who have poor credit scores.
- Cardholders who prefer flat-rate cash back rather than bonus category cash back for maximum rewards.
Is the Chase Freedom Unlimited card right for you?
The Chase Freedom Unlimited should offer most cardholders an impressive average rewards rate and an easy way to earn solid cash back on every purchase. What really sets the card apart is the ability to transfer rewards to other Chase Ultimate rewards credit cards. If you are looking for a good card to pair with other rewards cards to maximize rewards potential, the Freedom Unlimited could definitely be worth it.
All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.
Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.
Does Chase Freedom Unlimited have 5% cash back? ›
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 do I get the most out of my Chase Freedom Unlimited? ›
Chase advertises the ability to redeem Chase Unlimited points for gift cards, travel, Amazon and more. However, the best value for Chase Unlimited points is often simply redeeming points for cash back. With this redemption option, you'll get $10 in cash back for every 1,000 points redeemed.Is the Chase Freedom Unlimited card hard to get? ›
The Chase Freedom Unlimited card is fairly hard to get because you need good to excellent credit to qualify for it, which is a credit score of 700 or better. Applicants for Chase Freedom Unlimited will also need an annual income that demonstrates an ability to make at least the card's minimum payment every month.What's the difference between Chase Freedom and Chase Freedom Unlimited? ›
The Chase Freedom Flex℠ and Chase Freedom Unlimited®* both come with no annual fee, but the Chase Freedom Flex earns the most in rotating quarterly bonus categories, while the Chase Freedom Unlimited offers steady category bonuses and 1.5 percent back on all purchases.How does Chase Freedom 5% cash back work? ›
The card earns 5% cash back in categories that change every three months. You have to "activate" the categories each time in order to qualify for the 5% rewards rate, and you earn the 5% only on the first $1,500 spent in the category per quarter. Below is the current Chase 5% calendar.How much cash back can you get with freedom unlimited? ›
Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! Can I have both Chase Freedom Unlimited and Chase Freedom Flex? Yes. The cards have some identical rewards, but you can use them together to maximize your cash back.Does Chase Freedom Unlimited give cashback on gas? ›
Chase has announced a new benefit for new Chase Freedom Flex and Chase Freedom Unlimited cardholders. New account holders will now earn 5% cash back on gas station purchases, up to the first $6,000 spent in their first 12 months with the card.How often does Chase Freedom increase credit limit? ›
Chase, like most other banks, will automatically increase your credit if you are using your card responsibly and paying your balance in full and on time. These automatic bumps generally happen every 6 to 12 months. If you're patient, you might get a credit limit increase without doing anything!Why did Chase declined me for the freedom unlimited? ›
You Chase Freedom Unlimited® 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.Is Chase Freedom Unlimited a metal card? ›
No, the Chase Freedom Unlimited card is not metal, it is made of plastic. Chase Freedom Unlimited makeup and design are standard for all cardholders. Chase currently issues only two metal cards, the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® card.
How many credit cards is too many to have open? ›
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.Is Chase Freedom Unlimited better than Sapphire Reserve? ›
Bottom Line. If you're wondering which card is better between the Chase Sapphire Reserve or the Chase Freedom Unlimited, for most people the Chase Sapphire Reserve is better suited to those who spend more money on travel, while the Freedom Unlimited is better for maximizing everyday spending.What is the highest limit on Chase Freedom Unlimited? ›
- Reports Indicate a Minimum Credit Score of 620 For Approval.
- Don't Forget About the 5/24 Rule & Other Factors.
- Earn Unlimited Cash Back Rewards on Every Purchase.
- Typical Initial Credit Limits Between $1,000 to $5,000.
The lowest limit reported by users is $500, while the highest is over $30,000. Your chances for approval for the Chase Freedom Unlimited card are good with a decent credit score.Can you upgrade Chase Freedom Unlimited? ›
Yes, you can upgrade your Chase Freedom Unlimited credit card to a better offer as long as you've had the card for at least 12 months. You will have the best odds if your credit score and income have gone up since you applied.Does cash back on Chase Freedom expire? ›
Cash Back rewards do not expire as long as your account is open! Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.74% to 28.49%.Is 5 cashback worth it? ›
Yes, 5% cash back is good for a credit card. Typically, these credit cards give rewards equal to 5% cash back on purchases in select bonus categories or with certain retailers. It's also worth noting that 5% cash back is much higher than the average cash back rewards rate among credit cards.What is the 5% limit for Chase Freedom? ›
Chase limits the 5% back (or 5 points per dollar) to the first $1,500 spent in combined bonus categories each quarter you activate the bonus.What is freedom unlimited good for? ›
The Chase Freedom Unlimited® has long been a favorite among fans of cash back credit cards. The card's rewards program can be highly rewarding for cardholders who take advantage of the Chase Ultimate Rewards portal, use Lyft and make frequent dining and drugstore purchases.How does cash back work Freedom Unlimited? ›
How does the Freedom Unlimited card cash-back work? The Freedom Unlimited card's cash-back is recorded as points and stored as Chase Ultimate Rewards points. Each point is equivalent to 1 penny if redeemed for cash. Cash-back can be redeemed for a statement credit or a direct deposit into your bank account.
What does unlimited daily cash back mean? ›
1. There's no limit to how much Daily Cash you can get, and you can choose where it goes. Grow your Daily Cash by having it automatically deposited into Savings so that you earn interest.Does Chase Freedom give cashback on Amazon? ›
From April 1 to June 30, 2023, Chase Freedom Flex℠ cardholders can earn 5% cash back on up to $1,500 in combined quarterly spending at the following merchants (activation required; 1% back on all other non-bonus-category spending): Lowe's (including Lowes.com). Amazon.com.What are the perks of Chase Freedom Unlimited gas? ›
Chase Freedom Unlimited: Offers 3% cash back on gas station purchases and on dining, and 1.5% cash back on other purchases. Amazon Rewards Visa Signature Card: Offers 3% back on purchases from Amazon.com and Whole Foods Market, 2% back at restaurants and gas stations, and 1% back on other purchases.What percent cashback does Chase Freedom give? ›
AT A GLANCE. Earn cash back for every purchase. Earn unlimited 1.5% cash back or more on all purchases, like 3% on dining and drugstores and 5% on travel purchased through Chase.What is a normal credit limit? ›
What is considered a “normal” credit limit among most Americans? The average American had access to $30,233 in credit across all of their credit cards in 2021, according to Experian. But the average credit card balance was $5,221 — well below the average credit limit.What is the average Chase Freedom credit limit? ›
Reviews Suggest an Average Limit Around $3,000. Regular & Responsible Card Use May Lead to Limit Increases. Chase Freedom Flex℠ Users Can Earn Cash Back with Every Purchase. Cardholders Enjoy a Variety of Additional Benefits.Does Chase verify income? ›
Sufficient Income — Chase will want to verify sufficient income to determine your ability to pay and to calculate the amount of your credit card limit.What is the 2 30 rule for Chase? ›
Two Cards Per 30 Days
Chase generally limits credit card approvals to two Chase credit cards per rolling 30-day period. Data points conflict on this but a safe bet is to apply for no more than two personal Chase credit cards or one personal and one business Chase credit card every 30 days.
For a credit card application, you will need to report your gross income, which is your annual salary before taxes and other deductions. Your net income is the amount you get in your paycheck after those deductions.Can anyone get Chase Freedom Unlimited? ›
The Chase Freedom Unlimited® is designed for people with good credit and better, with a FICO® Score of at least 670. The card will be hard to get with a much lower credit score. That's not to say applicants with lower scores can't secure approval.
What does a Chase Freedom Unlimited card mean? ›
Chase Freedom Unlimited is a cash back credit card with no annual fee and a 0% intro APR for 15 months from account opening on purchases and balance transfers, then a 19.74% to 28.49% variable APR applies, which may make it a good choice for most consumers who qualify, especially those who want to earn a solid rewards ...Is Chase Freedom Unlimited a signature card? ›
The Chase Freedom Unlimited is a contactless card issued by Visa. You'll receive either a Visa Platinum or a Visa Signature card, depending on creditworthiness. Cardholders can benefit from purchase protection, extended warranty protection and auto rental collision damage waiver.Is Chase Freedom Unlimited a chip and pin card? ›
Best credit cards with chip and PIN security for 2022
If you're looking for a no-annual-fee chip and pin credit card, the Chase Freedom Unlimited® is hard to beat.
In general, it's always better to pay your credit card bill in full rather than carrying a balance. There's no meaningful benefit to your credit score to carry a balance of any size. With that in mind, it's suggested to keep your balances below 30% of your overall credit limit.Does it hurt your credit to have too many cards? ›
Having too many open credit lines, even if you're not using them, can hurt your credit score by making you look more risky to lenders. Having multiple active accounts also makes it more challenging to control spending and keep track of payment due dates.Is it bad to have a lot of credit cards with zero balance? ›
It is not bad to have a lot of credit cards with zero balance because positive information will appear on your credit reports each month since all of the accounts are current. Having credit cards with zero balance also results in a low credit utilization ratio, which is good for your credit score, too.Is Chase Freedom better than Amex Gold? ›
Remember, a lot of the benefits of the Amex Gold card pay for its annual fee, so we recommend the Amex Gold card to enthusiastic travelers looking for outsized rewards. We recommend the Freedom Unlimited card to the no-frills customer looking to focus on cash-back rewards with low fees.Does closing a credit card lower your score? ›
A credit card can be canceled without harming your credit score. To avoid damage to your credit score, paying down credit card balances first (not just the one you're canceling) is key. Closing a charge card won't affect your credit history (history is a factor in your overall credit score).What's the difference between Chase Freedom and Sapphire Preferred? ›
The Chase Sapphire Preferred® Card only has one introductory offer while the Chase Freedom Unlimited® has two. You'll get a potentially hearty sign-up offer, depending on how much you spend. Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!How much should I spend if my credit limit is $5000? ›
It might be good for your credit to spend about $500 on a card with a $5,000 credit limit each month.
What is considered a high credit limit? ›
A high credit limit is a limit of $5,000 or more. For high credit limits, you'll need good-to-excellent credit, high income and low existing debt, if any. If you have good credit, you should have high odds of getting approved for a credit limit around $5,000.Which credit card usually gives the highest credit limit? ›
The cards with the highest overall credit limits, Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, are points cards, so they win this category as well.What is the 5 24 Chase rule? ›
The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.Can you buy a car with a credit card? ›
In general, car dealerships accept credit cards. You might even be able to use a card to buy a vehicle. However, it's more likely that the dealership will take a credit card for a down payment or a part of the down payment up to a certain amount. For you, using a credit card is a convenience or maybe a necessity.What is the average credit card limit per card? ›
But even with good credit, the average credit limit you can expect to get with a first credit card is generally between $500 and $1,000. Average credit: If you have fair credit, expect a credit limit of around $300 to $500. Poor credit: Credit limits between $100 and $300 are common for people with poor credit scores.Is Chase Freedom Unlimited hard to get? ›
The Chase Freedom Unlimited card is fairly hard to get because you need good to excellent credit to qualify for it, which is a credit score of 700 or better. Applicants for Chase Freedom Unlimited will also need an annual income that demonstrates an ability to make at least the card's minimum payment every month.Does Chase Freedom Unlimited have cashback on gas? ›
Chase offers a good selection of rewards credit cards, including: Chase Freedom Unlimited: Offers 3% cash back on gas station purchases and on dining, and 1.5% cash back on other purchases.What percent cashback does Chase give? ›
Pay in Full Card with Unlimited Earn Potential
Earn 2.5% cash back on every purchase of $5,000 or more and 2% cash back on all other business purchases.
The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.Does Chase Freedom have good rewards? ›
Is the Freedom Unlimited card a good credit card? Yes! The Freedom Unlimited card is a great card. With no annual fee and rewards of 5% back on travel through Chase Ultimate Rewards, 3% back on dining and drugstores, and 1.5% cash-back on all other purchases.
What are the conditions for 1% cashback Chase? ›
Chase announced in April 2023 that it will pay 1% AER interest on current account balances for new and existing customers. There is no monthly minimum deposit amount required to receive interest on your current account balance and you do not need to set up any active direct debits.What are the 5% categories for Chase Freedom? ›
|Grocery stores eBay||Amazon.com Select streaming services||Walmart purchases PayPal purchases|
Paying with a credit card rather than a debit card or cash gives you more security in the event of fraud. But another reason to consider using a credit card is that some types of purchases result in a hold on your funds. Examples include gas stations, hotels, and rental cars.Does Chase have 2% cash back? ›
Yes, Chase does offer a 2% cash back card. The Ink Business Premier credit card gives 2 - 5% cash back on eligible purchases in addition to an initial bonus of $1,000 for spending $10,000 in the first 3 months.How do I get more cash back from Chase? ›
- Earn a Welcome Bonus.
- Refer a Friend.
- Add an Authorized User.
- Earn on Every Purchase.
- Receive Bonus Earnings on Chase Travel.
- Earn on Select Everyday Purchases.
- Make a Major Purchase.
- Earn on Quarterly Bonus Category Purchases.
Choosing a flat-rate cash-back credit card
Generally, a 2% card wins out over a longer period and benefits high spenders (assuming the 2% cash back is unlimited.) But the 1.5% card with a bonus is better in the short term and better for low spenders. If it's a tie, think short-term.
Golden Rule No. 1: Pay 100 per cent of your credit card bills as far as possible. This way you will reduce your interest outgo to a bare minimum.Does having too many credit cards hurt your score? ›
Having too many open credit lines, even if you're not using them, can hurt your credit score by making you look more risky to lenders. Having multiple active accounts also makes it more challenging to control spending and keep track of payment due dates.