Chase Freedom Limitless evaluation: An important card for freshmen and execs alike

Chase Freedom Limitless overview

The no-annual-fee Chase Freedom Limitless® is ideal for newbie and superior award vacationers. Whereas many playing cards supply 1% again on purchases exterior of bonus classes, you may earn 1.5% again on non-bonus spending with the Freedom Limitless. And for those who pair this with a card that earns premium Chase Final Rewards factors, you possibly can convert your rewards into totally transferable factors, doubling their worth. Card score*: ⭐⭐⭐⭐

*Card score relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

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At first look, the Chase Freedom Limitless may appear to be a tame cash-back card. However there’s much more to it than meets the attention.

With no annual price and a easy incomes construction, it is a terrific card for freshmen, supplied they’ve a credit score rating of a minimum of 670. It is also a superb card pairing for extra premium choices just like the Chase Sapphire Most well-liked® Card and Chase Sapphire Reserve®, making it a precious addition to many bigger card portfolios.

Let’s look at what makes this card so deceptively nice, and whether or not it deserves a spot in your pockets.

Chase Freedom Limitless execs and cons

Chase Freedom Limitless welcome supply

With the Chase Freedom Limitless, new cardholders can earn an extra 1.5% money again on all purchases (on as much as $20,000 spent within the first yr), price as much as $300 money again.

And it is much more precious for those who even have a card that earns Chase Final Rewards factors, which means you possibly can switch your money again to factors and transfer them to certainly one of Chase’s switch companions.

Additionally, since it is a Chase card, bear in mind it is topic to Chase’s 5/24 rule.

Associated: The most effective time to use for these Chase playing cards based mostly on supply historical past

Chase Freedom Limitless advantages

The trade-off for playing cards with out an annual price is that they have a tendency to return with fewer perks than their extra premium counterparts. Nonetheless, the Freedom Limitless has some good options price highlighting:

• Rental automotive safety: You will have rental automotive insurance coverage that covers theft and injury as much as the precise money worth of most rented automobiles.
• Journey cancellation and interruption insurance coverage: You will be lined for as much as $1,500 per individual and as much as $6,000 per journey for eligible journey bills in your card if extreme climate, sickness or different lined conditions consequence within the cancellation or interruption of your journey plans.
• Roadside dispatch: You will get entry to pay-per-use roadside help that can join you with service suppliers when you’ve points on the street.
• Prolonged guarantee safety: You’ll be able to prolong the time interval of guarantee protection by one further yr on authentic eligible warranties of three years or much less.
• Buy safety: Your purchases are protected in opposition to theft and injury for 120 days after the date of buy.

If you do not have one other card with extra sturdy journey insurance coverage and buying protections, it is a respectable quantity of protection for a card with no annual price.

Associated: Why the Chase Freedom Limitless is nice for faculty college students

Incomes money again on the Chase Freedom Limitless

With the Freedom Limitless, you may usually earn:

• 5% again on journey booked by Chase Journey℠
• 3% again on eating (together with takeout and eligible supply providers)
• 3% again at drugstores
• 1.5% again on all different purchases

Whereas not one of the bonus classes are show-stoppers, discovering a card with bonus classes and a flat price greater than 1% for all further purchases is uncommon. The bonus classes are good, however the skill to earn 50% extra on non-bonus spending makes this card shine.

As an illustration, TPG reader Kate Trimble appreciates how the Freedom Limitless earns “Money/factors again on each buy” (through a TPG e-newsletter survey).

Notice: Reader-submitted responses haven’t been edited, reviewed or authorized by the issuers nor replicate TPG’s opinions of those playing cards.

Should you’re on the lookout for a card that earns greater than 1% again on non-bonus spending, this is a superb selection.

Associated: The most effective playing cards to pair with the Freedom Limitless

Redeeming money again on the Chase Freedom Limitless

You’ll be able to redeem the money again earned in your Freedom Limitless as a press release credit score or for a direct deposit into most U.S. checking and financial savings accounts at a worth of 1 cent per level. You may also redeem your rewards for reward playing cards or use them to e-book journey by the Chase Journey portal for a similar worth.

You may also pay instantly together with your factors at Amazon.com, however you may get a decrease worth going this route.

With the appropriate card pairing, you possibly can flip your rewards into transferable Chase Final Rewards factors and make the most of Chase’s precious switch companions for much more worth.

Associated: Why the Chase Sapphire Most well-liked and Freedom limitless are the proper newbie card combo

Transferring money again with the Chase Freedom Limitless

Alone, the Freedom Limitless is a real cash-back card and would not permit you to switch your rewards to journey companions.

Nevertheless, for those who even have the Chase Sapphire Most well-liked Card, the Chase Sapphire Reserve or the Ink Enterprise Most well-liked® Credit score Card, you possibly can mix your rewards and unlock Chase’s full listing of resort and airline companions.

TPG staffers significantly love the choice to switch our Chase Final Rewards to World of Hyatt. A few of us, like TPG director of content material Summer time Hull, favor to make use of these rewards to e-book higher-end Hyatts that may in any other case be out of finances. Alternatively, some are like me and like to stretch our rewards by utilizing them for nice offers on Hyatt’s Class 1 properties.

Along with World of Hyatt, Chase’s different switch companions embrace precious choices like United MileagePlus, British Airways Government Membership and Singapore Airways KrisFlyer. You will discover wonderful choices with Chase’s switch companions, no matter your journey model and preferences.

Associated: The best way to redeem Chase Final Rewards for optimum worth

Which playing cards compete with the Chase Freedom Limitless?

One choice may be a greater match if you wish to give attention to incomes cash-back rewards. Just like the Freedom Limitless, they earn cash-back rewards and do not carry an annual price.

For extra choices, please see our lists of one of the best cash-back playing cards and one of the best playing cards with out an annual price.

Associated: Chase Freedom Flex vs. Chase Freedom Limitless

Is the Chase Freedom Limitless price it?

For the reason that Freedom Limitless would not carry an annual price, you possibly can really feel nice about incomes rewards with out justifying what you pay to maintain it every year. You’ll be able to maximize your rewards-earning potential if you have already got a Chase Final Rewards points-earning card. Nevertheless, for those who’re targeted solely on cash-back rewards, you may seemingly desire a card with a better incomes price.

Associated: How to decide on a cash-back card

Backside line

The Chase Freedom Limitless is a superb card for on a regular basis, non-bonus spending and may present unbelievable worth when paired with a extra premium Chase card. Whether or not you are a newbie or a professional on the lookout for a complementary card so as to add to your portfolio, the Freedom Limitless is a superb selection.

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Apply right here: Chase Freedom Limitless

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