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Chase Freedom Unlimited (June 2019: 3X for first 12 months, capped at $20k spend).

Chase Freedom Unlimited (June 2019: 3X for first 12 months, capped at $20k spend).

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Old Jun 12, 19, 12:40 am   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: CodeAdam10
Wiki Link
Application links
https://creditcards.chase.com/a1/freedom-unlimited

3x for first year (as of mid April 2018; this is NOT a referral link):
https://creditcards.chase.com/cash-b...ptarg1/ccpers1
--NOW DEAD
Key points:
  • $150 (15K UR) sign up bonus
  • Does not seem to be possible to generate referrals for this offer
Does this card earn Ultimate Rewards points or cash back rewards?

It earns Ultimate Rewards points which may be redeemed for cash.

Freedom, Freedom Unlimited, Sapphire, Sapphire Preferred, all versions of Ink, JPM Select, JPM Palladium all earn Ultimate Rewards points. Ultimate Rewards points earned with any of these cards may be redeemed for cash at the rate 1 point = $0.01.

Chase markets Freedom, Unlimited, and Ink Cash as cash rewards, the others as points cards. The difference is in the marketing, not the rewards.


Travel and purchase protection benefits
Visa Signature
Visa Platinum

For general info, see Applying for Chase Credit Cards, 2017 onward.
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Old Feb 28, 16, 9:09 am
  #1  
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Chase Freedom Unlimited (June 2019: 3X for first 12 months, capped at $20k spend).

Reported by a blog:
http://angelinatravels.boardingarea....675.1455857797

1.5% cash back on all purchases
No annual fee
No rotating categories
Not clear if transferable to Ultimate Rewards

Discuss...
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Old Feb 28, 16, 9:30 am
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Great for MS if transfer to UR option is retained. Hello Simon malls.....
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Old Feb 28, 16, 9:38 am
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it appears it'll replace existing freedom card. so it'll probably be UR earning.
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Old Feb 28, 16, 10:19 am
  #4  
Chy
 
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1.5% cash back does not mean it is UR earning. Cash back is cash back.

If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.

If it's just 1.5% cash back then it's useless.
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Old Feb 28, 16, 12:18 pm
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Originally Posted by Chy View Post
1.5% cash back does not mean it is UR earning. Cash back is cash back.

If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.

If it's just 1.5% cash back then it's useless.
the current Freedom card is marketed by Chase as a cash back card, though.
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Old Feb 28, 16, 1:36 pm
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Originally Posted by Chy View Post
1.5% cash back does not mean it is UR earning. Cash back is cash back.

If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.

If it's just 1.5% cash back then it's useless.
Chase has ALWAYS marketed the Freedom as it is now as a CB card so them marketing this rumored card as CB means little. Until we see who the rewards actually work is when we can tell
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Old Feb 28, 16, 3:16 pm
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Originally Posted by Chy View Post
If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.

If it's just 1.5% cash back then it's useless.
+1.
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Old Feb 28, 16, 3:49 pm
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Originally Posted by Chy View Post
1.5% cash back does not mean it is UR earning. Cash back is cash back.

If it is 1.5 UR per dollar then this immediately becomes the best credit card for all unbonused spend - amazing for anyone with high business/personal spend.

If it's just 1.5% cash back then it's useless.
Agree with all the above. However, this seems very worrisome.

Why would Chase do this?

If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase. Do you think Chase would be foolish enough to do that? Look at their track record with other cards. Look at their recent (and increasing) restrictions on CC signup bonuses. They know all about this "hobby." Does it seem likely they would expose themselves to that? Why would they provide such a big potential benefit for a no-fee card?

Ideally, this would be considered a new product (so one could get a bonus for signing up), and the "Classic" Freedom would retained/grandfathered forever, with it's current benefits. That's what I'd love to see. But I highly doubt that's what'll happen - that seems like it would run completely counter to Chase's track record as well as its recent behavior.

I'll remain hopeful until we know more. But I got a bad feeling about this...
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Old Feb 28, 16, 4:20 pm
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Originally Posted by nwflyboy View Post
Agree with all the above. However, this seems very worrisome.

Why would Chase do this?

If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase. Do you think Chase would be foolish enough to do that? Look at their track record with other cards. Look at their recent (and increasing) restrictions on CC signup bonuses. They know all about this "hobby." Does it seem likely they would expose themselves to that? Why would they provide such a big potential benefit for a no-fee card?

Ideally, this would be considered a new product (so one could get a bonus for signing up), and the "Classic" Freedom would retained/grandfathered forever, with it's current benefits. That's what I'd love to see. But I highly doubt that's what'll happen - that seems like it would run completely counter to Chase's track record as well as its recent behavior.

I'll remain hopeful until we know more. But I got a bad feeling about this...
Agree. With all the Chase crackdowns especially on UR cards I think it's a bit naive to think this will be a UR card. I suspect we're looking at 1.5% straight cash.
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Old Feb 28, 16, 4:23 pm
  #10  
Chy
 
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Originally Posted by nwflyboy View Post
Agree with all the above. However, this seems very worrisome.

Why would Chase do this?

If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase. Do you think Chase would be foolish enough to do that? Look at their track record with other cards. Look at their recent (and increasing) restrictions on CC signup bonuses. They know all about this "hobby." Does it seem likely they would expose themselves to that? Why would they provide such a big potential benefit for a no-fee card?

Ideally, this would be considered a new product (so one could get a bonus for signing up), and the "Classic" Freedom would retained/grandfathered forever, with it's current benefits. That's what I'd love to see. But I highly doubt that's what'll happen - that seems like it would run completely counter to Chase's track record as well as its recent behavior.

I'll remain hopeful until we know more. But I got a bad feeling about this...
It does seem like it's possible to offer 1.5 UR per regular dollar spent. There's plenty of cards out there that give a full 2% cash back. There's no way that giving everyone 1.5 UR per dollar costs them more than 2% cash back. What's the number of people that transfer transfer them anywhere? It has to be very small.

I'm trying not to get my hopes up and I'm just assuming it's going to be 1.5% cash back only. Because 1.5 UR per dollar would be unbelievable for me with high spend.
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Old Feb 28, 16, 5:32 pm
  #11  
mia
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Originally Posted by nwflyboy View Post
Why would Chase do this?
I think they chose 1.5% to better compete with Capital One & Discover.

I think they will allow the points to be transferred to other Ultimate Rewards accounts to again catch up with American Express. American Express issues three cards which offer more than 1 Membership Rewards point per dollar for general spending. The Chase product would appear to be simpler, which is what you need to do when you are offering a "me too" product.

The interesting aspect to me, is whether they will force convert existing Freedom cards to the new one. That's what they have done before, although it takes years to complete. If not, will they allow conversions to this product without an application, or will they loosen their 5 cards in 24 months policy for this card? New product introductions would seem to be hampered by this unpublished policy.
rgAAFT likes this.

Last edited by mia; Feb 28, 16 at 5:44 pm
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Old Feb 28, 16, 5:51 pm
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Originally Posted by nwflyboy View Post
If it's just 1.5X which generates UR, then yeah, that would be awesome - for us - but it would be extremely costly for Chase.
I guess it depends on what proportion of charges on current freedom cards are 5x vs. 1x.
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Old Feb 28, 16, 5:52 pm
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Originally Posted by mia View Post
The interesting aspect to me, is whether they will force convert existing Freedom cards to the new one. That's what they have done before, although it takes years to complete. If not, will they allow conversions to this product without an application, or will they loosen their 5 cards in 24 months policy for this card? New product introductions would seem to be hampered by this unpublished policy.
IF this card actually becomes a reality,this is the part that would most concern me and probably many others who actively play the credit card game. If Chase enforces the 5/24 policy, this new card may be unavailable to us.
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Old Feb 28, 16, 5:54 pm
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Originally Posted by krazykanuck View Post
I guess it depends on what proportion of charges on current freedom cards are 5x vs. 1x.

In my case, I basically only use Freedom for the 5% categories,with an occasional non-bonus transaction for good measure!
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Old Feb 28, 16, 6:01 pm
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Originally Posted by freeflyin View Post
IF this card actually becomes a reality,this is the part that would most concern me and probably many others who actively play the credit card game. If Chase enforces the 5/24 policy, this new card may be unavailable to us.
That may be the point of the 5/24 rule unfortunately.

Originally Posted by mia View Post
The interesting aspect to me, is whether they will force convert existing Freedom cards to the new one. That's what they have done before, although it takes years to complete. If not, will they allow conversions to this product without an application, or will they loosen their 5 cards in 24 months policy for this card? New product introductions would seem to be hampered by this unpublished policy.
All product conversions I've done with Chase have not required an application. Is the process different with new cards?
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