Credit Cards

New Chase Freedom Unlimited? Cardholders Can Earn More on Groceries

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As consumer spending habits continue to change during the COVID-19 pandemic, credit card issuers have taken note and are adjusting how cardholders can earn rewards.

To accommodate consumers' increased spending on essentials like groceries, Chase recently announced that new applicants for the Chase Freedom Unlimited® card will receive amplified rewards earnings for purchases at grocery stores, as well as an increased introductory signup bonus.

These new offerings help consumers earn rewards on essential purchases at a time when they may be spending more on things like groceries, and less on travel. If you're in the market for a new credit card, check out this limited time offer for the Chase Freedom Unlimited® card to see if it could be right for you.

$200 Bonus for New Cardholders

Chase's new offer raises the introductory bonus for the Chase Freedom Unlimited® from $150 to $200. New cardholders will receive the $200 bonus after spending $500 with the card within the first 3 months of having the card. It's unknown how long this increased introductory bonus will be available, so if you're interested in this offer, it would be wise to act quickly.

5X Points for Purchases at Supermarkets

New Chase Freedom Unlimited® cardholders will also earn 5 points per dollar spent on groceries, except from superstores including Walmart and Target. This offer will last for one calendar year from the signup date and is valid for purchases of up to $12,000 in the year.

If you've found yourself cooking at home more often recently, earning 5 points per dollar spent at supermarkets could help you quickly amass a large amount of rewards points. For example, with the Chase Freedom Unlimited®, you could earn 2,500 points each month if you spent $500 on groceries, which would add up over the course of a year.

If you were to max out this benefit and use this card for $12,000 in supermarket purchases in the first year, you would earn 60,000 points. If redeemed for cash back or a statement credit through the Chase Ultimate Rewards portal, these points would be worth $600.

If you'd like to stretch your points a bit further, you can transfer them to a Chase Sapphire Preferred® or Chase Sapphire Reserve® card if you have one. These cards also have a limited-time offer available through Sept. 30, 2020.

Additional Chase Freedom Unlimited® Benefits

In addition to the two promotions above, Chase Freedom Unlimited® cardholders will benefit from all the perks and rewards that already made this card appealing. These include (see full terms for details):

  • Unlimited 1.5% cash back on all purchases
  • No annual fee
  • No minimum amount to redeem cash back
  • No expiration date for rewards points, but you can lose them (if you don't pay your bill, for instance)
  • Purchase protection and extended warranty protection

While the increased rewards rate on supermarket spending will go away after your first year with the card, the rest of the card's benefits will remain in place even after the promotional period is complete.

How Does Chase Cash Back Work?

When you use the Chase Freedom Unlimited® card, each dollar you spend earns points that show up in your Chase Ultimate Rewards account. Every 100 Chase Ultimate Rewards points can be redeemed for $1.

These points can also be redeemed for a host of things through the Chase Ultimate Rewards portal, including travel, Amazon purchases, gift cards, statement credits and more. Before you apply, it's key to learn more about how the Chase Ultimate Rewards portal works and how you can maximize your rewards earnings.

Points earned with the Chase Freedom Unlimited® card never expire and there is no minimum for redeeming your rewards.

How to Apply for a Chase Card

If you're interested in applying for the Chase Freedom Unlimited® card, you can find out if you're matched with the card by using the Experian CreditMatch™ tool. Experian CreditMatch can also show you what other cards you may be eligible for—including other Chase cards and offers from other issuers—based on your credit profile.

The Chase Freedom Unlimited® card may be a good choice for someone with good to exceptional credit, so make sure you have an understanding of where your credit stands before you complete your application. If you don't know your credit score, you can get a free copy of your credit report and score through Experian so you can understand what creditors will see when considering your application.

For tips on raising your credit scores, check out the following articles: