Chase Freedom Limitless® Overview

If you wish to journey cheaper, higher, and longer, the most effective instruments in your arsenal is a stable rewards bank card.

Nonetheless, regardless of how typically I discuss concerning the matter, many vacationers (or would-be vacationers) are reluctant to get one. They assume it’s a rip-off, don’t need to pay an annual charge, or simply are usually cautious of the entire thing.

For those who’re in that camp, right this moment I need to talk about a bank card which may be the proper introduction to the world of factors and miles: the Chase Freedom Limitless®.

This card presents nice worth, with no annual charge and stable incomes potential. It’s wonderful as a standalone card with tons of potential for leveling up your sport if and whenever you’re prepared. It’s a favourite for newbies and seasoned vacationers alike.

So, on this put up, I’m going to interrupt down why the Chase Freedom Limitless deserves a spot in your pockets and the way you should use it to show on a regular basis purchases into free journey.

What’s the Chase Freedom Limitless?

The Chase Freedom Limitless (generally known as CFU) is a bank card issued by Chase. What I really like about it’s that it has a $0 annual charge and presents 1.5% money again on all purchases. It’s nice for factors and miles learners who don’t need to fear about incomes at totally different charges throughout numerous classes.

Plus, in the event you do need to stage up your sport, you possibly can mix it with a Chase Sapphire card to supercharge your rewards incomes capabilities (extra on that under).

This card earns you the next:

• 5% money again on journey bought by Chase Journey^SM
• 5% money again on Lyft rides (by March 2025)
• 3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply companies
• 1.5% money again on all different purchases
• Present welcome supply: an additional 1.5% money again on all the things you purchase on as much as $20,000 spent within the first 12 months

You may redeem this money again in opposition to your subsequent assertion or select to get it instantly deposited into your checking account.

However you may get much more out of this card whenever you mix it with certainly one of Chase’s Sapphire playing cards (extra on this quickly).

Perks and Advantages of the Chase Freedom Limitless

Along with these wonderful incomes charges, you’ll get entry to a lot of perks and advantages. Once more, because it has a $0 annual charge, these are all simply bonuses.

• Entry to Chase Presents, an ever-changing choice of offers for numerous retailers , together with on-line purchasing, fuel stations, supply companies, clothes manufacturers, and resorts, amongst many different sectors (you may actually see something right here)
• Complimentary three months of DashPass whenever you activate by January 31, 2025 (by which members rise up to $10 off quarterly on non-restaurant DoorDash orders)
• Secondary Auto Rental Collision Harm Waiver
• Journey cancellation/interruption insurance coverage (as much as $1,500 per individual and $6,000 per journey to your pay as you go, nonrefundable passenger fares, in case your journey is canceled or reduce quick by illness, extreme climate, or different lined conditions)
• Buy safety (covers your new purchases for 120 days in opposition to injury or theft as much as $500 per declare and $50,000 per account)
• Prolonged guarantee safety

Combining with a Chase Sapphire Card

Whereas this card is a superb cash-back card in its personal proper, it’s greatest when paired with a extra premium Chase card that earns transferable factors. The Chase Sapphire Most well-liked® Card (CSP) or the Chase Sapphire Reserve® are the 2 hottest, although you may additionally do that with my favourite enterprise card, the Ink Enterprise Most well-liked®. (Notice that these playing cards do have charges.)

That’s as a result of, whenever you additionally maintain certainly one of these playing cards, you possibly can convert the money again earned on the CFU to invaluable Chase Final Rewards factors. (The Freedom Limitless by itself solely earns money again.) Which means you possibly can pool factors earned on both card collectively and have entry to Chase’s nice airline and resort switch companions.

Whereas getting money again is simpler (and positively engaging), I think about factors to be way more invaluable. That’s as a result of you possibly can sometimes get at the very least 2 cents per level when transferring to journey companions (generally way more).

So why not simply have one of many Chase Sapphire Playing cards and no Freedom Limitless?

Whereas this is a superb possibility (and what many individuals do), having two playing cards inside the identical “household” ensures that you simply maximize incomes classes whereas incomes the identical sort of factors. (You don’t need to unfold your self too skinny throughout too many various playing cards incomes various kinds of factors that you may’t mix.)

By holding each a Chase Sapphire card and the Chase Freedom Limitless, you possibly can make certain that you’re incomes at the very least 1.5x factors on all purchases, a rarity in a journey card (each Sapphires solely earn 1x factors on all purchases).

For those who maintain the Chase Sapphire Most well-liked and the Chase Freedom Limitless, for instance, you’d earn:

• 1.5x on all purchases (CFU)
• 2x on all journey (CSP)
• 3x on drugstores (CFU)
• 3x on eating, together with takeout and eligible supply companies (each playing cards)
• 5x on Lyft (till March 2025, each playing cards)
• 5x on journey bought by Chase Journey (each playing cards)

Lastly, because the CFU does have a international transaction charge, you gained’t need to use this card when touring. Consider the CSP as your journey card and the CFU as your on a regular basis card with the next incomes fee on all purchases. Utilizing the 2 collectively is a superb mixture.

Execs of the CFU

• No annual charge
• Strong rewards construction, with at the very least 1.5% again on all the things
• Straightforward to redeem money again as assertion credit score or direct deposit
• Nice worth when paired with a Chase Sapphire card

Cons of the CFU

• 3% international transaction charge
• Not a ton of journey advantages

Who is that this card for?

The Chase Freedom Limitless is right for many who need an easy-to-use card that will get a better-than-average incomes fee on all purchases. It additionally leaves room to develop into the points-and-miles world when mixed with a higher-level card from Chase. And, if you have already got a Sapphire card, including the CFU to your pockets means that you can proceed to stage up your sport, maximizing your rewards on all purchases.

As with every bank card, you shouldn’t get it in the event you’re already carrying a stability or plan to hold one. Rates of interest for journey bank cards are notoriously excessive, and this one isn’t any totally different. The factors simply aren’t price it in the event you’re paying curiosity every month.

This card can also be not for anybody with poor credit score, as you want good or wonderful credit score to qualify. (If that’s you, take a look at one of the best bank cards for adverse credit so you can begin bettering your rating right this moment.)

Lastly, this card does rely towards Chase’s 5/24 rule (you possibly can’t open greater than 5 playing cards inside 24 months). For those who’ve already opened 5 bank cards (any playing cards, not simply Chase playing cards) inside the previous two years (or need to open extra quickly), you both gained’t be capable to get this card or may need to skip it for now.

Whether or not you’re simply dipping your toes into the points-and-miles sport or seeking to complement your present lineup, the Chase Freedom Limitless is a unbelievable card. With no annual charge and spectacular incomes charges, it’s the proper gateway to the world of factors and miles in the event you’re simply beginning out.

And, if and whenever you need to take issues up a notch, you possibly can pair it with a premium Chase card down the street to actually maximize your factors. It’s a no brainer alternative that may kickstart your journey to mastering factors and miles.