Chase Freedom Limitless® Evaluate

If you wish to journey cheaper, higher, and longer, top-of-the-line instruments in your arsenal is a strong rewards bank card.

Nonetheless, regardless of how usually I speak in regards to 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 price, or simply are typically cautious of the entire thing.

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

This card gives nice worth, with no annual price and strong incomes potential. It’s glorious 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 submit, I’m going to interrupt down why the Chase Freedom Limitless deserves a spot in your pockets and the way you need to 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 price and gives 1.5% money again on all purchases. It’s nice for factors and miles learners who don’t need to fear about incomes at completely different charges throughout numerous classes.

Plus, for those who do need to stage up your sport, you’ll be able to 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 via Chase Journey^SM
• 5% money again on Lyft rides (via 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 provide: an additional 1.5% money again on all the pieces you purchase on as much as $20,000 spent within the first yr

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

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

Perks and Advantages of the Chase Freedom Limitless

Along with these glorious incomes charges, you’ll get entry to quite a few perks and advantages. Once more, because it has a $0 annual price, these are all simply bonuses.

• Entry to Chase Affords, an ever-changing collection of offers for numerous retailers , together with on-line procuring, gasoline stations, supply companies, clothes manufacturers, and motels, amongst many different sectors (you might actually see something right here)
• Complimentary three months of DashPass whenever you activate by January 31, 2025 (via which members stand up to $10 off quarterly on non-restaurant DoorDash orders)
• Secondary Auto Rental Collision Injury Waiver
• Journey cancellation/interruption insurance coverage (as much as $1,500 per particular person and $6,000 per journey to your pay as you go, nonrefundable passenger fares, in case your journey is canceled or lower brief by illness, extreme climate, or different coated conditions)
• Buy safety (covers your new purchases for 120 days in opposition to harm 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 good cash-back card in its personal proper, it’s finest when paired with a extra premium Chase card that earns transferable factors. The Chase Sapphire Most popular® Card (CSP) or the Chase Sapphire Reserve® are the 2 hottest, although you might additionally do that with my favourite enterprise card, the Ink Enterprise Most popular®. (Observe that these playing cards do have charges.)

That’s as a result of, whenever you additionally maintain one in every of these playing cards, you’ll be able to convert the money again earned on the CFU to helpful Chase Final Rewards factors. (The Freedom Limitless by itself solely earns money again.) Meaning you’ll be able to pool factors earned on both card collectively and have entry to Chase’s nice airline and resort switch companions.

Whereas getting money again is less complicated (and positively attractive), I contemplate factors to be far more helpful. That’s as a result of you’ll be able to sometimes get not less than 2 cents per level when transferring to journey companions (generally far more).

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

Whereas this is a wonderful possibility (and what many individuals do), having two playing cards throughout the similar “household” ensures that you simply maximize incomes classes whereas incomes the identical kind of factors. (You don’t need to unfold your self too skinny throughout too many various playing cards incomes several types of factors which you can’t mix.)

By holding each a Chase Sapphire card and the Chase Freedom Limitless, you’ll be able to ensure that you’re incomes not less than 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 popular 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 via Chase Journey (each playing cards)

Lastly, for the reason that CFU does have a overseas transaction price, you received’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 wonderful mixture.

Professionals of the CFU

• No annual price
• Stable rewards construction, with not less than 1.5% again on all the pieces
• Simple 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% overseas transaction price
• 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 all bank card, you shouldn’t get it for those who’re already carrying a steadiness or plan to hold one. Rates of interest for journey bank cards are notoriously excessive, and this one isn’t any completely different. The factors simply aren’t value it for those who’re paying curiosity every month.

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

Lastly, this card does rely towards Chase’s 5/24 rule (you’ll be able to’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) throughout the previous two years (or need to open extra quickly), you both received’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 trying to complement your present lineup, the Chase Freedom Limitless is a improbable card. With no annual price and spectacular incomes charges, it’s the right gateway to the world of factors and miles for those who’re simply beginning out.

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