Chase FREEDOM vs. Chase FREEDOM UNLIMITED (Cash Back Credit Cards 2020)

Two of the best cash back credit cards (for beginners and advanced users alike) are the Chase Freedom credit card and the Chase Freedom Unlimited credit card. Click "Show More" to see Ad Disclosure. Both of these credit cards earn Ultimate Rewards points that can be converted into cash back (i.e. 1 point = 1¢ … so 10,000 points = $100). They are also credit cards with no annual fee. 💳👉VIEW CREDIT CARD OFFERS! https://markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! http://markscreditcards.com/rakuten ‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100: http://markscreditcards.com/webull So which one is best for you? Let’s compare! FIRST: Chase Freedom Credit Card – This card earns 5% cash back on rotating categories each quarter of the year (i.e. they change every 3 months). Before each quarter begins, Chase will remind you to ‘activate’ the Freedom’s upcoming category. There is a maximum you can earn at the 5% level … which is up to $1,500 spend for $75 cash back. After that, you’ll continue earning 1% until the next quarter begins. The typical categories we see each year are gas stations, dining / restaurants, and groceries / supermarkets. The current signup bonus is $200 cash (i.e. 20,000 points) after spending $500 in the 1st 3 months … PLUS … earn 5% cash back at supermarkets / grocery stores for the entire 1st year (up to $12K spend). So if you max that out, that’s $600 cash from groceries + $200 from the standard bonus = $800 cash back in Year 1! All from a credit card with NO ANNUAL FEE and 0% interest for 15 months! SECOND: Chase Freedom Unlimited Credit Card – This card earns 1.5% cash back all year long. There is no limit to the amount of cash you earn, and there are no rotating categories to keep track of. The current signup bonus is identical to the Freedom Card’s (i.e. $200 cash back as part of the standard offer, and 5% back on groceries for Year 1). There is no annual fee on this credit card and it also has no interest for 15 months. So which credit card is best for YOU? Answer A: Get the Chase Freedom if you spend most of your money on gas, groceries and dining … because these typically end up being quarterly cash back categories each year (meaning you can earn a LOT very easily). Get the Freedom Unlimited card if you want simplicity (i.e. no categories to keep track of) and/or if you have a lot of ‘non-bonus spend’ (examples include utilities, insurance, online shopping, healthcare, etc.) Answer B: GET BOTH! These credit cards have no annual fee, so they cost you nothing to hold onto each year. Use the Chase Freedom ONLY for the current 5% cash back category, and the Chase Freedom Unlimited for everything else (that extra 0.5% adds up after a full year). Then, you can pool your points together as 1 rewards balance Basically these 2 credit cards work together beautifully to help you earn even more cash back each year. As a couple end notes… - These cards have no minimum requirement to redeem for cash back (so if you have $1.00 … you can cash it out). - The cash back / rewards points do not expire as long as your account is open. - Both credit cards have foreign transaction fees of 3%. So, if you’re traveling abroad, you may want to look at the Chase Sapphire Preferred or Chase Sapphire Reserve for your trip. - Both credit cards are subject to the Chase 5/24 Rule. This means Chase will not approve you for them if you’ve opened 5 or more credit cards with any bank (and that show up on your credit report) in the past 24 months. So if you want either card, make sure you’re at 4/24 or lower first. Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor. #creditcards #chasefreedom #cashback