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Chase Freedom Unlimited 3x everywhere offer
This is a fantastic offer, and if you’re currently under 5/24, you should heavily consider it. Chase Freedom Unlimited is technically a cash back card, so you’ll see the offer structure the spend bonus as 3% back on all purchases, but if you carry any Chase card that earns Ultimate Rewards, you can convert your Freedom Unlimited Cash Back into Ultimate Rewards. You can go here to learn how to do it. I’ll break down the strategy below, but it’s a great way to get massive earn on your every day spend, and get closer to that aspirational redemption.
Here’s a look at the benefits of the Chase Freedom Unlimited 3x offer:
- 3x points ( in the form of 3% cash back ) on all purchases for your first year of card-membership up to $20k total.
- After $20k, the card will continue to earn 1.5% or 1.5x
- No annual Fee
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
What do you mean 3% or 3x?
The Chase Freedom Unlimited credit card is a cash back card. So by its very nature you’ll earn your points or rewards in the form of Ultimate Rewards which can be used as cashback/statement credit. However, since its in the family of Ultimate Reward cards you can transfer your points from the Chase Freedom Unlimited to one of the premium cards 1:1 and then transfer them to partners.
How does the Chase Freedom Unlimited earn points?
With this offer, you’ll earn 3x points on every single purchase you make, up to $20k in the first year. After that, you’ll make 1.5x points.
Is there a welcome offer or bonus for signing up for the Chase Freedom Unlimited?
No, since the card is earning double the amount it normally does on every purchase, the usual $150 or 15k welcome offer isn’t included.
0% Interest for the first 15 months.
That’s right. Currently, Chase is offering 0% interest on purchases or balance transfernfor 15 months. After that, be careful, APR will spike to between 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum ( so you’d have that fee to consider, but the interest would be 0% for 15 months)
The breakeven point of this deal vs the normal Chase Freedom Unlimited welcome offer
This particular offer doesn’t include a welcome offer, which normally is $150 cash back after spending $500. That equates to 15000 points, after which you would earn 1.5% back on all purchases.
The math would look like this
- 3x = 15000 +1.5x
Meaning if you plan on spending more than 10,000 on the card in the first year you’ll do better with the 3x offer than the normal $150 cash back plus 1.5x on all spend.
Pair this with any either a Chase Sapphire Preferred, Chase Sapphire Reserve, or Chase Ink Business Preferred and open the door to transfer partners
The Chase Freedom Unlimited is a cashback card, meaning the Ultimate Rewards you earn can’t be transferred into the partner programs that we so often speak about. However…if you carry either a Chase Sapphire Preferred or a Chase Sapphire Reserve, you can move them into one of those accounts and then transfer.
Chase Ultimate Reward Transfer Partners
- British Airways
- Virgin Atlantic
- Jet Blue
- Aer Lingus
- Air France
- Ritz Carlton
If you carry a Chase Sapphire Reserve, this pairing effectively earns you 4.5 cents back when redeeming through the Chase Travel Center
You’ll earn 3 cents on every dollar when you spend on the Chase Freedom Unlimited. Then once you transfer those into your Reserve account, they are instantly converted to Ultimate Rewards, and Reserve account holders are able to redeem Ultimate Rewards at 1.5 cents in the mall. 3 x 1.5 = 4.5 cents. Incredible value.
If you pay your taxes with a credit card ( read this if you’re unaware of this option) this could be something to consider as you’re effectively making over 1% back.
I know it’s not technically “tax season,” but a lot of people pay their taxes quarterly, and that means this is a net positive situation if you’re earning at 3x. Something to think about.
How does this card help me reach my travel goals?
It guarantees an incredible rate of return on any single purchase you make up to $20k. Let’s say you already have a Chase Freedom which earns 5x points on rotating categories throughout the year, and an Ink Business Preferred for your business that gets 3x for travel. But what about those expenses you’re missing out on? This card would help fill in the gaps so that you’re maximizing your rate of return on purchases. Everything is about continually increasing your point balance, and then taking advantage of award availability to get more lux for less bucks 😉
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers