(Expired) Chase Freedom Unlimited: 25K points / $250 on only $500 in spend

Update 4/23: This increased welcome offer for the Chase Freedom Unlimited will be ending on 4/30/26 at 9 am Eastern. Note that Rakuten members who are earning cash or Bilt points have the opportunity to earn $75 or 7,500 points from Rakuten in addition to the $25,000 points from Chase, which makes it an even better offer.

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The Chase Freedom Unlimited card is unique among Ultimate Rewards-earning cards in that it earns at least 1.5x on all spend and 3x-5x on purchases in bonus categories, including dining and drugstores. This can make it a very useful companion to the issuer’s premium cards.

The welcome offer for the Freedom Unlimited improved this week, and now offers 25K Ultimate Rewards points after only $500 in minimum spend, a return of 50%+.

The Offers & Key Card Details

For more information about these cards and to apply, click the card below to go to our individual card pages.

Card Offer and Details

Chase Freedom Unlimited® ⓘ $296 1st Yr Value EstimateClick to learn about first year value estimates $200 cash back* ⓘAffiliateThis is an affiliate offer. Frequent Miler may earn a commission if you are approved for this offer Earn $200 (*awarded as 25,000 points) after spending $500 in the first 3 months No Annual Fee Learn more Alternate Offer: Rakuten is offering bonus cashback if you click through from their site This card is likely subject to Chase's 5/24 rule (click here for details). Recent better offer: Unlimited Double Cash Back for 12 month (expired 1/11/24) FM Mini Review: Great for 3x categories and 1.5X everywhere else. Excellent companion card to Sapphire Reserve, Sapphire Preferred, or Ink Business Preferred. Click here for our complete card review Earning rate: 5x travel booked through Chase Travel℠ ✦ 3x dining ✦ 3x drugstores ✦ 2% cash back total on qualifying Lyft products and services purchased through the Lyft mobile application through 09/30/2027 ✦ 1.5X everywhere else Base: 1.5X (2.25%) Portal Flights: 5X (7.5%) Portal Hotels: 5X (7.5%) Dine: 3X (4.5%) Card Info: Visa Signature or Platinum issued by Chase. This card imposes foreign transaction fees. Noteworthy perks: Free DoorDash DashPass for 6 months upon activation ✦ $10 quarterly credit for non-restaurant DoorDash orders See also: Chase Ultimate Rewards Complete Guide

Quick Thoughts

Note that Chase advertises the Freedom cards as cashback cards. This means it phrases the offer as $250 cash back, but the bonus is awarded as 25,000 Ultimate Rewards points.

If you only have the Freedom Unlimited card, then you would be limited to using those points for a statement credit at $0.01 per point (or similar redemptions for gift cards/travel), but if you have a card that allows transfers to partners (like the Chase Sapphire Preferred®, Chase Sapphire Reserve®, Chase Sapphire Reserve for Business℠ or Chase Ink Business Preferred), you can move points to that card and then onward to partners.

Aside from the welcome offer, the Freedom Unlimited can be an appealing card. There are better cashback cards out there, but if it’s paired with a premium card that lets you transfer points to partners, the points it earns become significantly more valuable. In that context, we value Ultimate Rewards at 1.5 cents each, so the Freedom Unlimited effectively brings in between 2.25% (1.5 cents per point X 1.5 points per dollar) and 7.5% in rewards. Pretty good for a card with no annual fee.

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