Chase Freedom Limitless Double Money Again Supply
🔃 Replace 2: A Chase spokesperson advised us by e mail in the present day that “between February 28 and March 5, some prospects who utilized for the Chase Freedom Limitless card could have acquired a distinct provide than the one they utilized for. We have now recognized these prospects and are actively addressing the problem with these impacted.”
🔃 Replace: Many individuals who signed up for this provide have been advised that the provide isn’t connected to their new Chase Freedom Limitless card. Now considered one of our DDG Facebook Group members reviews that Chase has confirmed that they’ll honor the double money again bonus, and even go the additional step and subject the $200 bonus as effectively.
The message says that Chase “will honor your request for the Matched Money Again provide. As well as, the $200 money again will stay in your account and won’t be reversed.”
Chase has a brand new provide for the Chase Freedom Limitless Card, providing not less than 3% money again, or 3X Final Rewards factors on all of your on a regular basis spending for the primary 12 months.
Freedom Limitless is a no-fee bank card that already earns good charges on choose classes, and people will all be doubled as effectively. However there are additionally some strange reports about Chase not honoring the bonus. Let’s see how this provide works.
Signup Bonus Particulars
Chase will match all Money Again you earn on purchases made on a brand new Chase Freedom Limitless card throughout the first 12 months of card membership. You’ll obtain a one-time bonus equal to all Money Again rewards earned throughout your first 12 month-to-month billing cycles.
Chase Freedom Limitless earns a base charge of 1.5% money again on all non-bonus spending. That implies that for the primary 12 months, you’ll earn a minimal of three% money again, when you obtain the one time matching bonus.
You additionally get 0% intro APR for 15 months from account opening on purchases and steadiness transfers. After the intro interval, a variable APR applies.
This provide will get even higher for individuals who even have a Chase premium card equivalent to Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred. You’ll then earn 3X Final Rewards factors on all of your on a regular basis purchases, which is at least close to 5% cash back.
You can see the offer here. I see it with out logging in and with out having to undergo incognito. However typically the identical hyperlink provides me a $200 signup bonus as an alternative.
It Will get Higher Than 3X
This provide will get even higher, because it additionally applies to spending on bonus classes. That implies that you’ll earn:
- 10X on journey bought via the Chase Final Rewards Journey.
- 6X at drugstores and eating places.
- Plus 3X on all different purchases.
Simply needless to say these incomes charges solely apply to the primary 12 billing cycles. After that you’ll proceed to earn the traditional charges between 1.5X and 5X.
Are You Eligible for This Supply?
As all different Chase bank cards, Freedom Limitless can be topic to the Chase 5/24 rule.
The Chase 5/24 rule isn’t an official rule within the bank card’s phrases of settlement. However it’s well-known and infrequently referred to even by Chase representatives. Chase 5/24 means that you may’t be accredited for many Chase playing cards if in case you have opened 5 or extra bank cards (from any card issuer) throughout the previous 24 months. So for instance, if over the past 24 months you opened two Amex playing cards, two Capital One playing cards and a Citi card, then you’ll doubtless be denied for a brand new Chase bank card. That’s till you go underneath the 5/24 depend, which implies that you need to anticipate the primary of these 5 accounts to be over 24 months previous.
For those who’re undecided what number of playing cards you’ve got opened within the final 24 months, check out this guide to learn how to get your Chase 5/24 status.
Along with Chase 5/24, there’s additionally a restriction for individuals who have acquired a Freedom Limitless bonus within the final two years. The phrases of the provide state that “this product is on the market to you if you happen to should not have this card and haven’t acquired a brand new cardmember bonus for this card prior to now 24 months.”
Chase Not Honoring the Bonus?
This provide has been exhibiting up via incognito over the previous couple of days. Nevertheless, some are being advised they’re ineligible after making use of for the double money again provide and screenshotting it (HT: Regen). Chase is saying they weren’t focused and they won’t get double money again.
That’s very unusual if you happen to’re making use of via a direct hyperlink on the Chase web site.
Guru’s Wrap-up
Usually it’s greatest to use for different Chase bank cards after which downgrade to one of many Chase Freedom playing cards that don’t have any annual price. However this double money provide on Chase Freedom Limitless could be helpful for giant spenders.
For those who plan on spending giant quantities in non-bonused classes over the subsequent 12 months, then Chase Freedom might be a fantastic alternative. You possibly can earn 3X Final Rewards for all of your spending, and 6X at drugstores and eating places, that are additionally extremely popular classes. You’ll obtain a one-time bonus equal to all Money Again rewards earned throughout your first 12 month-to-month billing cycles from account opening along with your Chase Freedom Limitless card.
If you’re frightened about Chase not honoring this bonus, then you’ll be able to wait till Chase formally launches it. It must also develop into out there via referral hyperlinks, which is an added bonus.
Simply needless to say you’ll need to have a premium card with a purpose to use the money again earn from this card, as Final Rewards.
