Chase freedom unlimited authorized user bonus

Chase Freedom Unlimited credit card (1.5x UR and 17.5k open bonus points)

Open bonus: 17.5k bonus points

$150 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn a $25 bonus when you add your first authorized user and make your first purchase within this same 3-month period.

1: Earn unlimited 1.5% cash back on every purchase. Actually it is 1.5x UR points on every purchase. If you have Chase Sapphire Preferred credit card , the value of UR points can be doubled.

2: Utimate rewards (UR) you earned can be redeemed for cash (1 cent/point), or gift cards (1 cent/point), or be transfered to airline/hotel points (around 2 cent/point as value). You needs chase sapphire preferred (CSP) to transfer points. Cash Back rewards do not expire as long as your account is open!

3: Earn bonus points by shopping through chase: such as 4% UR at Groupon, 5% UR at Sephora, 4% UR at JCPenney, 6% UR at Nike.

4: 0% intro APR for 15 months from account opening on purchases and balance transfers.

1: No Annual fees.

2: Has foreign transaction fees.

Chase freedom unlimited is a great credit card that everyone should have. Its open bonus (17.5k UR) and reward power (1.5 x UR) are all wonderful. It has no annual fees and provides great shopping experience through chase deals.


Battle of the 1.5% cash back cards: Chase Freedom Unlimited® vs. Capital One® Quicksilver® Cash Rewards

Photo Credit: Getty Images

Chase Freedom Unlimited® and the Capital One® Quicksilver® Cash Rewards Credit Card both offer unlimited 1.5 percent cash back, but we prefer Freedom Unlimited® for its sign-up bonus and longer interest-free introductory period.

Of course, not all cash back cards are made equal. Chase Freedom Unlimited® and Capital One® Quicksilver® Cash Rewards Credit Card stand out from the pack by offering unlimited 1.5 percent cash back on every purchase — a nice jump up from the typical 1 percent cash back rate.

But pit these two cards against each other, and the competition becomes a bit tighter.

After digging into the fine print and weighing other factors besides the cash back rate, we found that Chase Freedom Unlimited® squeezes past its rival as the better option.

Why? Well, for starters, it features a more lucrative sign-up bonus. Plus, Chase Freedom Unlimited® offers a 0 percent intro intro annual percentage rate (APR) on purchases and balance transfers for 15 months (after that, a variable APR of 15.99 to 24.74 percent), compared to the nine-month intro period you’ll get with the Capital One® Quicksilver® Cash Rewards Credit Card. Those additional six months can make a huge difference if you need some extra time to pay down balances you transferred to the card.

Before diving into a more comprehensive review of each card, let’s look at how they compare side by side.

At a glance: Chase Freedom Unlimited® vs. Capital One® Quicksilver® Cash Rewards Credit Card

The winner: Why we prefer Chase Freedom Unlimited®

Counterpoint: Why you might want the Capital One® Quicksilver® Cash Rewards Credit Card instead

Heads up: What to consider when applying for a cash back card

Bottom line: Is Chase Freedom Unlimited® right for you?

If you’re looking for a simple, straightforward and rewarding cash back card, it’s hard to beat Chase Freedom Unlimited®.

Not only will you get unlimited 1.5 percent cash back on every purchase with no annual fee, but you can also qualify for a $150 sign-up bonus if you spend $500 in the first three months after opening your account.

That already beats the sign-up bonus for the Capital One® Quicksilver® Cash Rewards Credit Card by $50, and you can get an extra $25 bonus with Chase Freedom Unlimited® if you add your first authorized user and make a purchase within the first three months. In terms of immediate perks, Chase Freedom Unlimited® is the clear winner.

Don’t underestimate the Freedom Unlimited® credit card as a balance transfer card, either. It features a competitive 0 percent intro APR on both purchases and balance transfers for 15 months, which gives you a good cushion of time to pay down your balances before the regular variable APR — between 15.99 to 24.74 percent — kicks in.

Credit card expert Jason Steele offers yet another reason to love the Chase Freedom Unlimited® credit card: The cash back comes in the form of Chase Ultimate Rewards® points, which could give you better value than straight-up dollars and cents.

Steele says Chase Freedom Unlimited® can be especially valuable when paired with the Chase Sapphire Preferred® card or Chase Sapphire Reserve℠ card. That’s because you can transfer your Ultimate Rewards® points to one of those accounts and unlock greater rewards-earning potential.

With the Chase Ultimate Rewards® portal, points can be transferred to points or miles with airline partners or hotel programs, explains Steele. “Points are worth 1.25 cents to 1.5 cents each toward travel reservations booked through Chase, depending on the card. This is how I personally use Chase Freedom Unlimited®.”

Even if you aren’t into traveling, Chase Freedom Unlimited® makes it easy to earn cash back on all of your daily purchases. Sure, you could earn more with its sibling card, Chase Freedom®, which offers 5 percent cash back in categories that rotate quarterly. But if you’re looking for a simple, no-fuss way to earn cash back at a competitive rate, this may be where your search ends.

Counterpoint: Why you might want the Capital One® Quicksilver® Cash Rewards Credit Card instead

We’ve established that Chase Freedom Unlimited® is the cream of the 1.5 percent cash back crop, but that doesn’t mean Capital One® Quicksilver® is any kind of slouch.

In fact, Capital One® Quicksilver® Cash Rewards Credit Card comes out far ahead in terms of international travel. You’ll avoid foreign transaction fees with this card, whereas the Chase Freedom Unlimited® card charges a 3 percent foreign transaction fee.

You may also prefer Capital One® Quicksilver® Cash Rewards Credit Card if you plan to pay off a transferred balance quickly. The Chase Freedom Unlimited® card offers a significantly longer promotional intro APR for balance transfers, but it also comes with a higher balance transfer fee – 5 percent (minimum $5) (or $5, whichever is greater) versus 3 percent. Quicksilver® could be the better option if you’re planning to transfer a balance from another issuer’s card (for example, you can’t transfer a balance from one Capital One® card to another Capital One® card or from one Chase® card to another Chase® card) and pay it off within nine months.

Heads up: What to consider when applying for a cash back card

Everyone’s lifestyle and financial situation is unique, so you’ll have to figure out whether a cash back card is best for you. Do you travel regularly? If so, a travel rewards card might be a better option.

If you’re sure that a cash back card makes the most sense for you, the next step is to figure out whether you want a flat-rate cash back card like the two presented here. Both offer 1.5 percent cash back on all purchases, so you’ll never have to think about making purchases in specific categories.

Other cash back cards, such as the Blue Cash Everyday® Card from American Express, offer extra cash back in categories such as U.S. supermarkets and U.S. gas. If those are among your biggest spends, you’ll want to crunch the numbers and see which card will give you the best return.

Bottom line: Is the Chase Freedom Unlimited® card right for you?

If you’re looking for a flat-rate cash back card and know you’ll pay off your balance monthly, it’s hard to go wrong with the Chase Freedom Unlimited® card.

Just a quick heads-up, though: If you transfer a large balance to this card, you’ll want to pay it off within the introductory APR period. “After that, the APR could jump to as high as 24.49 depending on your creditworthiness, and you could be stuck paying steep interest rates.”

If neither Chase Freedom Unlimited® nor Capital One® Quicksilver® Cash Rewards Credit Card seems like the right card for you, don’t stress. While both are excellent cash back cards, they’re far from the only options out there.

To illustrate that point, here are three more cash back cards that may fit better with your lifestyle and spending habits:

1% cash back on purchases and another 1% when you pay for the purchases

5% cash back in rotating categories (on up to $1,500 in purchases each quarter); 1% for all other purchases

3% cash back on gas and 2% at grocery stores and wholesale clubs (on up to $2,500 in combined grocery/wholesale club/gas purchases each quarter); 1% on all other purchases

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