The offer mentioned below for the for the Chase Freedom Unlimited® card is no longer available.
If you sign up for a Chase Freedom Unlimited® card, you currently receive an automatic match of all the cash back earned through the card at the end of your first anniversary year. There's no limit on this match, meaning big spenders can expect equally large rewards. But if you're eyeing this offer, you'll have to act quickly since it's set to expire soon.
Below, CNBC Select has the details on what you need to know about Chase's limited-time offer and how you can take advantage.
How to earn cash back with the Chase Freedom Unlimited
The Chase Freedom Unlimited earns cash back at various rates for different categories, including:
- 5% on travel booked through the Chase Ultimate Rewards® portal
- 3% on dining at restaurants (including takeout and eligible delivery services) and at drugstores
- 1.5% on all other purchases
With the special offer, you'd be earning double the amount of cash back in each category — with no limit to how much you can earn. That means if you earn $700 in cash back during your first anniversary year of being a cardholder, Chase will kick in another $700 in cash back.
These cash-back rewards don't expire as long as your account remains open and there is also no minimum amount for cash-back redemption.
Other cash-back cards
If the Chase Freedom Unlimited card isn't the right fit for you, there are other alternative cash-back credit cards like the Citi Double Cash® Card, which offers 2% cash back on non-category spending (1% when you buy and 1% when you pay). This exceeds what the Chase Freedom Unlimited card offers (outside of the dining and travel cateogries), making it a great option if you don't plan on spending a ton on dining or travel.
If you have fair or average credit, the Capital One QuicksilverOne Cash Rewards Credit Card also offers a competitive 1.5% cash back rate on all purchases, and doesn't have a limit on the amount of cash back you can earn.
The Citi Double Cash® Card is one of the best no-annual-fee cash-back cards thanks to its straightforward rewards structure. Card is one of the best no-annual-fee cash-back cards thanks to its straightforward rewards structure.
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
- Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.24% - 28.49%, based on your creditworthiness.
- Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
- If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
- There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Balance transfer fee
There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. A balance transfer fee of 5% of each transfer ($5 minimum) applies if completed after 4 months of account opening.
Foreign transaction fee
3%
The Capital One QuicksilverOne Cash Rewards Credit Card available to those with limited/fair credit, which makes it surprising that it features an elevated 1.5% cash back on all purchases.
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn unlimited 1.5% cash back on every purchase, every day
- No rotating categories or limits to how much you can earn, and cash back doesn't expire for the life of the account. It's that simple
- Be automatically considered for a higher credit line in as little as 6 months
- Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
- Help strengthen your credit for the future with responsible card use
- Earn unlimited 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel
- Monitor your credit score with CreditWise from Capital One. It's free for everyone
- Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set
- Top rated mobile app
Balance transfer fee
- $0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
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Bottom line
Chase is offering new cardholders of the Chase Freedom Unlimited credit card a match on all cash back earned by the end of your first year from account opening. If you anticipate some big purchases, this could be a great opportunity to make some of that money back. This offer is expiring soon, so if you're interested now is the time to sign up for the card.
However, if you find that the Chase Freedom Unlimited card doesn't align with your spending habits, you may want to explore alternative cash-back credit cards like the Capital One QuicksilverOne Cash Rewards Credit Card or the Citi Double Cash® Card.
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At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
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