The Chase Freedom Unlimited has been around for a few years now and is definitely one of the more popular credit cards within the Chase Ultimate Rewards family. With this card, you typically earn 1.5x points on every single purchase, however, they just changed up their welcome offer to really incentivize those who spend a decent amount on groceries. Their newly launched offer includes a $200 sign-up bonus after spending $500 on purchases in the first three months, plus 5% cash back (5x points) on grocery store purchases within the first year, capped at $12,000 spend.
This means, if you are able to maximize the bonus, you can ultimately earn 80,000 Chase Ultimate Reward points. I value these points to be worth around 2 cents per point, which means you are looking at around $1,600 towards travel!
where you’ll actually earn 5x points on all purchases in your first year as a cardmember, up to $20k spend. This means, if you are able maximize on the spend, you can ultimately earn 60,000 Chase Ultimate Reward points.
- Key Link: Chase Freedom Unlimited — Earn $200 cash back after you spend $500 on purchases in the first three months, plus 5% cash back (5x points) on grocery purchases within the first year, capped at $12,000 spend.
The Value of Chase Ultimate Reward Points
With this card, you traditionally earn 1.5x points on every single purchase. There are typically no category bonuses, except for right now with the 5x offer on grocery purchases. This is a very lucrative card for many, especially since Chase Ultimate Reward points have such a high value already. Since this is a no annual fee card, you cannot directly transfer your points to partner loyalty programs, which means if you do not have a “premier” Chase Ultimate Reward cards, your points can be cashed out at 1 point = 1 cent. This means you are really earning 1.5% cash back on all purchases, or 5% cash back on groceries until you meet the maximum cap.
However, if you have a “premier” Chase Ultimate Reward card your points can go much further! If you have the Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Ink Preferred (or the no longer available Chase Ink Bold or Chase Ink Plus, you can transfer your points earned from the Chase Freedom Unlimited card to one of those “premier” cards and then transfer your points to a partner program. I personally get a minimum of 2 cents per point when redeeming points this way, which means the 1.5x points earned is like getting a 3% return on everyday purchases or 10% return at groceries.
This is the perfect no annual fee card to partner up with another Chase Ultimate Rewards credit cards where you can transfer to partners, personally I like the Chase Ultimate Freedom and Chase Sapphire Reserve combo. You use the Chase Ultimate Freedom on every day purchases, the Chase Sapphire Reserve for all travel and dinning purchases, and then you transfer the points earned from your Ultimate Freedom account to your Sapphire Reserve account. From your Sapphire Reserve account you can transfer your points to some awesome travel partners, with my personal favorites being Hyatt, United, and British Airways — all partners transfer at a 1:1 ratio. Or, you can always book travel through the Chase Travel Portal and with your Sapphire Reserve account you receive an increased value where 1 point = 1.5 cents towards travel. In other words, a $300 flight through the portal would only require 20,000 Chase Ultimate Reward points.
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