Is Chase Freedom Unlimited Being Discontinued? (2024)

FAQs

Is Chase Freedom Unlimited Being Discontinued? ›

Chase Freedom Unlimited® is not being discontinued. You can still apply for both the Chase Freedom Unlimited card and the Chase Freedom Flex® Credit Card card, but the original Chase Freedom card was discontinued in September 2020.

The Chase Freedom card was discontinued on September 15, 2020, and it is no longer available to new applicants.

Chase Freedom Unlimited Disadvantages

High APR: The Chase Freedom Unlimited has a relatively high APR, at 20.49% - 29.24% (V). Balance transfer fee: The balance transfer fee is either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after).

You Chase Freedom Unlimited® could be denied because of a low credit score (below 700), not enough annual income, or too many recent credit inquiries. Other grounds for denial could be incomplete or inaccurate information on the application, or a pending bankruptcy on your credit report.

More perks and rewards toward travel

The sign-up bonus on the Chase Sapphire Preferred® Card can offer more value toward a vacation than the sign-up bonus on the Chase Freedom Unlimited®. Points are also worth 25% more with the Chase Sapphire Preferred® Card when you redeem them for travel through the Chase portal.

You can still apply for both the Chase Freedom Unlimited card and the Chase Freedom Flex® Credit Card card, but the original Chase Freedom card was discontinued in September 2020.

The Chase Freedom credit card is discontinued—here's what that means for existing Freedom cardholders.

If you're looking to switch from the Chase Freedom to another card, the Chase Freedom Unlimited is a good choice because it's one of the best cash back credit cards you can get, thanks to its simple rewards structure, common bonus categories, and high base earning rate.

The Chase Freedom Unlimited® card gives high credit limits to people with good-to-excellent credit, a lot of income, and relatively little debt. The minimum credit limit is $500, and some cardholders report having limits as high as $14,000.

While the terms and conditions of the Chase Freedom Unlimited® card do not disclose a specific minimum income requirement, the higher your income is, the more likely you are to be approved. Your income will also play a big part in determining your credit limit, with higher incomes generally leading to higher limits.

Is Chase Freedom Unlimited hard to get? ›

To recap, good credit (a FICO® Score of 670 or higher) is recommended to get the Chase Freedom Unlimited® or the Chase Freedom Flex®, as those are some of Chase's best credit cards. You'll also need to pass Chase's 5/24 rule, and it helps if you've been using credit for at least a year, too.

Frequently asked questions. What are the rewards on the Chase Freedom Unlimited? You'll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better.

Having both the Freedom Unlimited and Freedom Flex cards can be a good idea, because their rewards programs work well together and neither card has an annual fee. The Chase Freedom Unlimited card has a high base earning rate – 1.5% cash back – and it offers up to 5% cash back in bonus categories that don't change.

The Chase Sapphire Preferred Card requires an annual income of at least $30,000, according to user reports. Chase doesn't publicly disclose the Sapphire Preferred Card's income requirements, but you can apply for the card if you meet the credit score requirement, are at least 18 years old, and have an SSN or ITIN.

You won't purchase travel or dining on the card: Although there are benefits you can get from the Chase Sapphire Preferred® Card that are unrelated to travel, such as 3 points per dollar spent on online grocery purchases and select streaming purchases, the card is generally most valuable to cardholders who take ...

Chase Freedom cards have no annual fee and earn you cash on every purchase, every day.

The Chase Freedom Unlimited card over-the-limit fee is $0. Just keep in mind that any transaction that would go over the credit limit will probably be declined.

If there's suspicious activity or suspected fraud, your issuer may freeze or close your account. This activity can include: Unusual surges in account activity. Large amounts of money withdrawn.

NO expiration on rewards

Cash back rewards do not expire as long as your account is open ¹ .