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On the planet of journey rewards bank cards, the perfect issues do not come free. Need nice journey perks like lounge entry, assertion credit for TSA PreCheck, or International Entry? These advantages are usually reserved for playing cards with massive annual charges.
However whereas playing cards like *the amex platinum card*, the *chase sapphire reserve*, and others are loaded with massive advantages, that does not imply these are the playing cards you need to be swiping day in and day trip to earn factors. That is the place playing cards just like the no-annual-fee *chase freedom limitless* actually shine.
By itself, it is an excellent no-annual-fee cashback bank card that provides a 0% introductory APR interval for each new purchases and steadiness transfers. However once you pair it with highly effective journey bank cards just like the *chase sapphire most well-liked* or the *chase sapphire reserve*, you’ll be able to flip that money again into invaluable Chase Final Rewards factors – and it helps you earn them even quicker, too.
Here is all the things that you must know in regards to the Chase Freedom Limitless Card, and why we predict it is one of many very best no-annual-fee bank cards in the marketplace.
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Chase Freedom Limitless: Advantages Overview
- Welcome Supply Bonus: bonus_miles_full
- Introductory APR: intro_apr_rate,intro_apr_duration
- Earn 5% cashback on journey booked by means of the Chase Final Rewards portal
- Earn 5% cashback on Lyft rides by means of March 2025.
- Earn 3% cashback on eating, together with takeout and supply providers
- Earn 3% cashback at drugstores
- Earn limitless 1.5% cashback on all different purchases
- Topic to the Chase 5/24 rule, so you will not get accredited for the Chase Freedom Limitless in the event you’ve opened 5 or extra bank cards (from any financial institution, not simply Chase) within the final 24 months.
- No Annual Price!
Full Chase Freedom Limitless Card Advantages Overview
Chase Freedom Limitless: Welcome Supply Bonus
With the *chase freedom limitless*, there are two totally different welcome supply bonuses at the moment out there. Which one you get will depend upon the place you really apply for the cardboard.
In case you apply by means of a journey web site like Thrifty Traveler or many others, you may get with the next supply: bonus_miles_full
However in the event you apply for Freedom Limitless immediately by means of Chase’s web site, you may get a a lot totally different bonus: You may earn a $200 cashback bonus after spending simply $500 within the first three months of card membership. Plus you may earn 5% cashback on fuel station purchases on as much as $6,000 spent within the first yr.
Whereas the give you’ll obtain by means of websites like Thrifty Traveler can finally yield much more money again – or Chase Final Rewards factors – it requires much more spending in your first yr to completely maximize the welcome supply bonus. Making use of by means of Chase immediately, you’ll be able to shortly earn $200 again (or 20,000 Chase factors, then maximize your fuel station spending in your first yr.
Which one is healthier is dependent upon you and your monetary state of affairs. Simply bear in mind: Irrespective of what number of factors you’ll be able to earn, bank cards are severe enterprise. Whether or not it requires $6,000 in spending or $20,000, it’s best to by no means open a bank card and make fees you’ll be able to’t afford to repay in full every month.
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A 0% Introductory APR Interval
Introductory 0% APR durations aren’t frequent on journey rewards bank cards. But when it is one thing you are in search of, the Freedom Limitless card generally is a nice choice for you.
Irrespective of which model of the welcome supply bonus you go along with talked about above, you may have a 0% introductory APR in your first 15 months of card membership. That introductory charge is legitimate for each new purchases and steadiness transfers from current strains of credit score.
After that introductory interval, you may be topic to a variable APR which is at the moment at reg_apr,reg_apr_type.
3% Again on Eating & Drugstore Purchases
Whereas the Freedom Limitless Card earns 1.5% money again (or 1.5x Chase Final Rewards factors) on each greenback you spend, there are a couple of classes the place you’ll be able to earn extra.
You may earn an infinite 3% money again (or 3x factors) on eating at eating places, together with takeout and eligible supply providers like DoorDash, GrubHub, and extra. You may additionally earn an infinite 3% cashback on drugstore purchases at retailers like Walgreens, CVS, and others.
In case you maintain both the Sapphire Most popular or Reserve, you may additionally earn 3x factors per greenback spent on eating transactions, however neither of these playing cards supply any type of bonus on drugstore spending.
Meaning you probably have a whole lot of spending on this class, Freedom Limitless generally is a nice choice to maximise that spending.
5% Again on Journey Booked By way of Chase
The Freedom Limitless Card will earn an infinite 5% cashback on journey booked by means of the Chase Final Rewards Journey Portal.
Evaluate that to the Sapphire Reserve which earns 10x factors per greenback spent on accommodations and automobile leases and 5x factors per greenback spent by means of the Chase Journey Portal. The Sapphire Most popular, in the meantime, earns 5x factors on all journey purchases by means of Chase’s journey portal. So in the event you maintain both of these playing cards, there is not a lot cause to make your Chase journey portal purchases on a Freedom Limitless card – particularly since each Sapphire playing cards include built-in journey insurance coverage.
However in the event you do not maintain a kind of playing cards, it may be a pleasant technique to earn bonus money again for journey bookings.
5% Again on Lyft Rides (By way of March 2025)
Chase and rideshare service Lyft have a partnership that may earn you extra cashback on rides the place you pay along with your Freedom Limitless card.
By way of March 2025, Freedom Limitless cardholders will earn 5% money again on rides with Lyft. This partnership was initially introduced again in 2020 with an expiration date of March 2022. The manufacturers have since prolonged that partnership.
Limitless 1.5% Cashback on All Different Spending
Past the bonus classes with even greater bonuses, the Chase Freedom Limitless earns an infinite 1.5% cashback on each buy you make.
That makes this card a very good one to maintain on the high of your pockets and use for purchases that you just’d usually earn simply 1% cashback (or 1x level per greenback) with different bank cards.
International Transaction Charges
One factor to pay attention to with the Freedom Limitless Card is that it does not waive overseas transaction charges. Meaning in the event you use your card for purchases overseas, you may be topic to a price of three% of the acquisition worth in U.S. {dollars}.
That is not unusual for a card that does not cost an annual price. So in the event you plan to journey overseas, you may need to be sure you have a unique card that will not incur these charges.
No Annual Price
One of many greatest attracts to the Chase Freedom Limitless card is that it does not cost an annual price.
It is an excellent choice to pair with Chase’s high journey playing cards that do cost an annual price that can assist you earn extra factors. However even by itself, it is an excellent cashback card with good incomes charges.
Pair the Freedom Limitless with the Chase Sapphire Playing cards
As we have lined already, the *chase freedom limitless* is technically a cashback bank card. However considered one of its finest advantages is the power to transform that cashback to Chase Final Rewards factors.
So as to take action, you will need to maintain both the Chase Sapphire Most popular Card or Sapphire Reserve and even the *chase ink most well-liked*.
And contemplating the Chase Freedom Limitless card earns an limitless 1.5% money again (or 1.5 Final Rewards factors) per greenback spent, it may be higher to make use of it in your spending reasonably than your Most popular or Reserve card.
Once you flip cashback earned from the Freedom Limitless card into Chase Final Rewards factors, every cent is value 1 Final Rewards level.
Learn Extra: Methods to Switch & Mix Factors Between Your Chase Credit score Playing cards
For example I spend $200 at Amazon. Since Amazon does not earn a class bonus on both the Chase Sapphire Reserve or Sapphire Most popular, I might earn 1 Final Rewards level per greenback spent – thus incomes me 200 factors.
But when I made that very same buy with my Freedom Limitless Card as a substitute, I might earn 1.5% cashback on the $200 buy which equates to $3 again. And since that cashback might be transferred into my Final Rewards factors steadiness, I might successfully be incomes 300 factors.
The most effective half? When you switch these cashback bonuses to Chase factors, the factors redeem at the next charge relying on which Sapphire card you might have. In case you maintain the Sapphire or Ink Most popular card your factors will probably be value 1.25 cents every, and in the event you maintain the Reserve, they are going to be value 1.5 cents every when used within the Chase Journey Portal.
Chase additionally makes it simple to mix factors inside the similar family. So if you do not have a card that earns Final Rewards factors however a partner or important different does, you’ll be able to ship the cashback earned from the Freedom Limitless to them and it’ll redeem at the next charge.
Learn extra: Methods to Mix Chase Factors with One other Cardmember
Who’s Eligible for the Chase Freedom Limitless?
Like all Chase bank cards, the Chase Freedom Limitless is topic to the Chase 5/24 Rule.
In case you’re not acquainted, the 5/24 rule is a hard-and-fast restriction rolled out years in the past in an effort to restrict card candidates from opening bank cards for the only objective of incomes bonus factors. In case you’ve heard of the phrase “churning,” that is precisely what this rule is designed to crack down on.
Here is what it boils right down to:
- When you have opened 5 or extra bank cards previously 24 months from any financial institution bank card issuers (not simply Chase playing cards), you won’t be accredited for Chase bank cards, no matter your credit score rating or historical past with Chase financial institution.
- The rule doesn’t rely credit score inquiries, however reasonably new playing cards you might have utilized for and been accredited.
So you probably have opened 5 or extra new bank cards previously 24 months, you’ll probably not be accredited for the Freedom Limitless, or every other Chase bank cards for that matter.
The rule will not be formally printed by means of any of Chase’s platforms. Working example: In case you ask about it in a Chase department, many workers have probably not heard of it. However because of this alone, we at all times counsel beginning with Chase bank cards earlier than specializing in playing cards issued by different banks.
Associated Studying: The Greatest Credit score Playing cards to Get if You might be Below the Chase 5/24 Rule
Above and past the Chase 5/24 rule, you will not be capable to get the Freedom Limitless card you probably have earned a bonus on the cardboard previously 24 months.
Chase additionally recommends having a very good to glorious credit score rating to get accredited. Meaning in case your credit score rating is not at the very least 700, getting accredited for the cardboard could also be troublesome.
Chase Freedom Limitless vs Chase Freedom Flex
Along with the Chase Freedom Limitless Card, Chase additionally has one other no-annual fee-cash again card dubbed the Chase Freedom Flex Card.
Whereas these playing cards are very related, the most important distinction is how they may earn cashback on an ongoing foundation. As a substitute of an infinite 1.5% cashback on all purchases exterior of the classes during which you may earn a bonus, the Freedom Flex earns 5% cashback on rotating quarterly classes on as much as $1,500 of spending which might embrace: Grocery shops, gymnasium memberships, streaming providers, fuel stations, and extra.
Chase does not prohibit you from holding each the Freedom Limitless and the Freedom Flex, however in the event you solely need one or the opposite, be certain that to learn our full information evaluating the Freedom Flex vs the Freedom Limitless.
Backside Line: Chase Freedom Limitless Evaluate
The Chase Freedom Limitless is a no-nonsense choice that can assist you to earn a bonus on each greenback you spend.
It has no annual price, offers a stable welcome supply bonus, and in the event you pair it with a Chase Sapphire or Ink Most popular card, you may have the power to show the cashback into invaluable Chase Final Rewards factors.
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