Chase Freedom Limitless Double Money Again Supply
🔃 Replace: Many individuals who signed up for this provide have been informed that the provide will not be hooked up to their new Chase Freedom Limitless card. Now one in all our DDG Fb Group members experiences that Chase has confirmed that they’ll honor the double money again bonus, and even go the additional step and challenge 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 at the least 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 unusual experiences 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 through 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 fee of 1.5% money again on all non-bonus spending. That signifies 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 reminiscent of Sapphire Most well-liked, Sapphire Reserve, or Ink Enterprise Most well-liked. You’ll then earn 3X Final Rewards factors on all of your on a regular basis purchases, which is at the least shut to five% money again.
You’ll be able to see the provide right here. I see it with out logging in and with out having to undergo incognito. However generally the identical hyperlink provides me a $200 signup bonus as a substitute.
It Will get Higher Than 3X
This provide will get even higher, because it additionally applies to spending on bonus classes. That signifies 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 understand that these incomes charges solely apply to the primary 12 billing cycles. After that you’ll proceed to earn the conventional charges between 1.5X and 5X.
Are You Eligible for This Supply?
As all different Chase bank cards, Freedom Limitless can also be topic to the Chase 5/24 rule.
The Chase 5/24 rule will not be 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 which you can’t be permitted for many Chase playing cards when you’ve got opened 5 or extra bank cards (from any card issuer) throughout the previous 24 months. So for instance, if during the last 24 months you opened two Amex playing cards, two Capital One playing cards and a Citi card, then you’ll possible be denied for a brand new Chase bank card. That’s till you go beneath the 5/24 depend, which signifies that you need to anticipate the primary of these 5 accounts to be over 24 months previous.
Should you’re unsure what number of playing cards you will have opened within the final 24 months, try this information to learn to get your Chase 5/24 standing.
Along with Chase 5/24, there’s additionally a restriction for individuals who have obtained a Freedom Limitless bonus within the final two years. The phrases of the provide state that “this product is offered to you in case you would not have this card and haven’t obtained 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 few days. Nevertheless, some are being informed 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 in case you’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 charge. However this double money provide on Chase Freedom Limitless could be useful for giant spenders.
Should you plan on spending massive quantities in non-bonused classes over the subsequent 12 months, then Chase Freedom could possibly be an excellent alternative. You’ll be able to earn 3X Final Rewards for all of your spending, and 6X at drugstores and eating places, that are additionally very talked-about 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 together with your Chase Freedom Limitless card.
If you’re fearful about Chase not honoring this bonus, then you possibly can wait till Chase formally launches it. It must also grow to be accessible via referral hyperlinks, which is an added bonus.
Simply understand that you have to to have a premium card with a purpose to use the money again earn from this card, as Final Rewards.
