What are the categories for Chase Freedom?
Chase Freedom® 2019 bonus categories
- Q1: Gas stations; tolls; drugstores.
- Q2: Home improvement stores; grocery stores.
- Q3: Gas stations; select streaming services.
- Q4: Department stores; PayPal and Chase Pay.
What are the 5% categories for Chase Freedom?
The Chase Freedom Unlimited® Card ranks as No. 1 cash-back card with no annual fee and earns cardholders 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining at restaurants (including takeout and eligible delivery services) and drugstores and 1.5% on all other purchases.
What are the categories for Chase Freedom Unlimited?
Freedom Unlimited cardholders now earn bonus cashback in three categories: travel, dining, and drugstore purchases.
What is the difference between Chase Freedom and Chase Freedom Unlimited?
The difference between the two is how they earn in other categories. The Chase Freedom Flex℠ card offers 5% back on categories that rotate each quarter, up to $1,500 in spending. The Chase Freedom Unlimited® offers 1.5% back on every dollar spent — no matter the category — with no spending limit on rewards.
Does Chase Freedom Unlimited have 5% categories?
The Chase Freedom Unlimited® does not feature 5% rotating bonus categories. Instead, any purchases you make outside of the card’s fixed, ongoing bonus categories listed above will earn a flat 1.5% cash back.
What is the Chase Freedom Flex?
The Chase Freedom Flex SM cash back credit card allows you to: Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Earn 5% cash back on travel purchased through Chase Ultimate Rewards®.
Can I have Chase Freedom and Freedom Flex?
Yes, you can have both Chase Freedom Unlimited and Chase Freedom Flex. Having both the Freedom Unlimited and Freedom Flex cards can be a good idea, because their rewards programs work well together and neither card has an annual fee.
Is Chase Freedom Flex hard to get?
Yes, the Chase Freedom Flex℠ is hard to get because it requires at least a good credit score for approval. This means that applicants need a credit score of around 700+ to have decent odds of getting approved for Chase Freedom Flex.
What FICO score do you need for Chase Freedom?
690 or better
You’ll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better.
Why did I get denied for Chase Freedom Flex?
Chase Freedom Unlimited® applications could be denied because of a low credit score (below 700), not enough annual income, or too many recent credit inquiries. Other grounds for denial could be incomplete or inaccurate information on the application, or a pending bankruptcy on your credit report.
What is the difference between Chase Freedom and Freedom Flex?
The Chase Freedom Flex gives an additional 5% back on up to $1,500 spent in quarterly bonus categories (then 1% back) and 1% back on all regular spending. Meanwhile, the Chase Freedom Unlimited offers a flat 1.5% back on regular, non-bonus purchases.
Is Chase Freedom Flex A Mastercard?
Although these two Freedom cards are both issued by Chase, they run on different card networks — the Chase Freedom Unlimited is a Visa, while the Chase Freedom Flex is a Mastercard. That means the benefits do vary quite a bit between the two cards.
How hard is it to get Chase Freedom Unlimited?
Chase Freedom Unlimited® is fairly hard to get, as it requires at least good credit for approval, meaning a minimum credit score of 700. The Chase Freedom Unlimited card is even harder to get with scores lower than that.
Is the Freedom Unlimited or Freedom Flex better?
While Chase Freedom Flex offers high earnings rates in rotating bonus categories up to a quarterly spending limit, Chase Freedom Unlimited gives a better base rate, with no bonus categories to activate every quarter and no limit on how much you can earn in rewards.
Is Chase Freedom card being discontinued?
Yes, Chase Freedom was discontinued on September 15, 2020, and it is no longer available to new applicants. Current Chase Freedom cardholders aren’t required to change products, though they can upgrade to another rewards credit card from Chase if they’d like.
How do I switch from Chase Freedom to Freedom Flex?
If you have the Freedom card, but also want to have Flex, you have two options:
- Call Chase and request a product change to Flex.
- Submit a new application for Flex.
What credit agency does Chase use?
Experian
The credit report that Chase is most likely to pull for your credit card application is your Experian credit report. We reviewed 293 consumer-reported credit inquiries from the past 24 months and found that Chase pulls credit reports from all three major U.S. credit bureaus, but it seems to favor Experian.
Is a FICO score of 8 good?
FICO 8 scores range between 300 and 850. A FICO score of at least 700 is considered a good score. There are also industry-specific versions of credit scores that businesses use. For example, the FICO Bankcard Score 8 is the most widely used score when you apply for a new credit card or a credit-limit increase.
What is a good FICO score?
670 to 739
The base FICO® Scores range from 300 to 850, and FICO defines the “good” range as 670 to 739. FICO®‘s industry-specific credit scores have a different range—250 to 900. However, the middle categories have the same groupings and a “good” industry-specific FICO® Score is still 670 to 739.
Does Chase do a hard pull?
If you apply for a Chase card, there will be a hard credit check when Chase pulls your credit report. Hard credit checks do cause a small credit score drop. For most consumers, one hard credit check takes fewer than five points off their FICO® Score (the most widely used type of credit score).
What is the Chase 5 24 rule?
Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase’s 5/24 rule means that you can’t be approved for most Chase cards if you’ve opened five or more personal credit cards (from any card issuer) within the past 24 months.
Who reports to Chase?
Chase reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. Chase reports a credit card’s credit limit, account balance, payment history, and more to all three of the major credit bureaus: TransUnion, Equifax, and Experian.