Key takeaways
- The Chase Freedom Limitless® bank card affords a welcome bonus of as much as $300 for brand spanking new cardmembers, by way of boosted rewards charges on purchases throughout the first yr as much as a cap.
- The cardboard’s boosted rewards charges imply incomes 6.5 p.c on journey by means of Chase Journey℠, 4.5 p.c on eating and drugstore purchases and three p.c on all different purchases.
- The bonus might be redeemed for money, assertion credit score, journey purchases, reward playing cards or charitable donations.
Among the best perks of opening up a Chase Freedom Limitless® bank card is its newest welcome supply. New cardholders can earn a further 1.5 p.c money again on all purchases, as much as $20,000 spent within the first yr. In comparison with the cardboard’s typical supply of $200 after spending $500 within the first three months, this may add as much as an additional $100 enhance for a worth of $300 in complete. It successfully brings the rewards charges as much as 6.5 p.c on journey booked by means of Chase Journey, 4.5 p.c on eating and drugstores, and three p.c on every little thing else for the primary yr.
On this information, we cowl the necessities for qualifying for the bonus, the perfect methods to make use of the bonus and different particulars in regards to the Chase Freedom Limitless card.
Particulars of the Chase Freedom Limitless
| Title | Chase Freedom Limitless |
| Rewards | 5% again on Lyft purchases (by means of March 2025), 5% again on journey bought by means of Chase Journey, 3% again on eating, 3% again on drugstore purchases and 1.5% again on every little thing else |
| Annual price | $0 |
| Signal-up bonus | Earn an additional 1.5% on every little thing you purchase (on as much as $20,000 spent within the first yr) — value as much as $300 money again. |
| Intro APR | 0% for the primary 15 months on purchases and steadiness transfers |
| Common APR | 20.49% to 29.24% variable |
Why the Chase Freedom Limitless’s sign-up bonus is value noting
Incomes as much as $300 in money again as a welcome bonus is a fairly good supply, however incomes 6.5 p.c again on journey bought by means of Chase Journey is a large (and uncommon) perk for a card with no annual price. Needless to say this welcome supply is likely one of the top-notch affords for no-annual-fee playing cards since new cardmembers nonetheless get the multiplied rewards on every little thing they spend as much as $20,000. This is applicable even if you happen to don’t meet the minimal spending aim.
Not like the earlier welcome supply, which allowed you to earn $200 money again after spending $500 throughout the first three months, this supply permits you to max out the bonus money again and earn all yr lengthy.
The Chase Freedom Limitless is already probably the greatest money again playing cards available on the market, however with its newest supply for brand spanking new cardholders, it simply acquired even higher.
The right way to qualify for the Chase Freedom Limitless’s sign-up bonus
This welcome bonus is exclusive in that there isn’t a selected spending requirement to qualify for its perks. New cardholders mechanically obtain boosted charges on their spending — as much as $20,000 inside their first yr. Solely when this supply is maxed out does the total $300 money again worth maintain true, so some cardmembers might not discover this supply to be as interesting if they like a lump sum of bonus money.
How a lot is the Chase Freedom Limitless’s sign-up bonus value?
Every Chase Final Rewards level is value 1 cent if redeemed for money, in accordance with factors and miles valuations by Bankrate. Utilizing solely the Chase Freedom Limitless, factors are additionally value 1 cent when redeemed for journey, reward playing cards and Apple purchases. Factors are value 0.8 cents when redeemed for Amazon purchases and 1.0 cents when redeemed for qualifying charitable giving by means of the Pay Your self Again program.
Nevertheless, your rewards might be much more worthwhile when you have a premium Chase Final Rewards card, just like the Chase Sapphire Reserve® or Chase Sapphire Most popular® Card. By transferring rewards earned with the Chase Freedom Limitless to one in all these playing cards, you may improve their worth, since you may proceed to earn on the accelerated charge.
For instance, if the common incomes charge for on a regular basis purchases on the Chase Freedom Limitless is 1.5 p.c and also you get an additional 1.5 p.c, you’re incomes a lot quicker than if you happen to had been placing the identical spend in your Chase Sapphire Reserve or Chase Sapphire Most popular — providing you with extra factors to switch or use within the journey portal (additionally on the elevated redemption worth). Factors redeemed for journey by means of the Chase Journey portal are value 1.25 cents utilizing the Chase Sapphire Most popular and 1.5 cents utilizing the Chase Sapphire Reserve.
Holding these premium playing cards, or any Chase card that earns Limitless Rewards factors, additionally opens up the potential of transferring your factors to one in all Chase’s airline or resort loyalty companions, the place you may see your factors go even additional.
Greatest methods to make use of the Chase Freedom Limitless’s sign-up bonus
For a lot of cardholders, particularly those that don’t journey often or don’t wish to spend time maxing out their rewards-earning potential, a money direct deposit or assertion credit score often is the path of least resistance and the best worth to their price range — and there’s nothing mistaken with that if it most closely fits your wants!
That stated, there are just a few different redemption choices it’s best to contemplate to maximise your card’s sign-up bonus worth. For example, if you happen to personal a further Chase bank card, such because the Sapphire Reserve or Most popular, you may switch your welcome bonus within the type of Chase Final Rewards factors to a kind of playing cards, the place they will then be redeemed for journey purchases at the next charge.
Chase additionally includes a purchasing portal with affords from retail companions within the type of discounted reward playing cards, product choices and extra. Earlier than you redeem your rewards, it’s a good suggestion to browse the choices within the portal to be sure you’re not lacking out on any good offers out of your favourite retailers.
Redemption choices to keep away from
With most redemption choices value 1 cent apiece, together with money again, assertion credit and reward playing cards, there are various good methods to benefit from your rewards. Nevertheless, an space you would possibly wish to avoid is redeeming your rewards for Amazon purchases. Since factors are solely valued at 0.8 cents when redeemed by means of Amazon, there are extra worthwhile methods to place your hard-earned rewards to work.
You also needs to consider carefully earlier than redeeming factors to buy reward playing cards or gadgets by means of the Chase Journey portal. Whereas these redemption choices might be as worthwhile as money (and typically much more so), they will additionally encourage you to make purchases you may not have underneath different circumstances. When you’re on a price range and making an attempt to chop down spending wherever attainable, you may’t go mistaken with redeeming your rewards for money or assertion credit score.
The underside line
Together with profitable rewards and no annual price, the Chase Freedom Limitless’s welcome bonus is likely one of the card’s high promoting factors. Cardholders have a full yr to earn boosted rewards charges on as much as $20,000, which advantages debtors with all kinds of budgets and spending habits.
The way you profit from the welcome bonus is in the end as much as you. A money deposit, assertion credit score, journey purchases, reward playing cards and even charitable giving are all nice choices. When you’re pairing the Chase Freedom Limitless with different Chase bank cards, just like the Sapphire Reserve or Most popular, you may switch your welcome bonus rewards to those playing cards for much more worthwhile redemption choices.
