Chase freedom minimum credit score

Chase Freedom Unlimited Credit Score: What You Need to Know

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Chase Freedom Unlimited usually requires a good credit score (680+). But this is not the only deciding factor. Find out how to improve your odds.

How to Get Approved for Chase Freedom Unlimited

The Chase Freedom Unlimited is a great everyday cash back card to have in your wallet.

You get an unlimited 1.5% cash back on all purchases, with no rotating categories and no annual fee.

How easy is it to get?

We break down the different factors Chase will usually consider, and what you can you do to maximize your chances.

We'll explain more below. But first, let's highlight the current Chase Freedom Unlimited promotions you should not ignore.

What is the Best Chase Credit Card Promotion for 2018?

Credit Score Needed for Chase Freedom Unlimited

Fortunately, the approval requirement for Chase Freedom cards is not as strict as for the Chase Sapphire credit score requirements. This card is generally for those with "Good to Excellent" credit.

There are multiple "credit scores" from different credit bureaus. But in general, 680 is considered a good score. Most Chase Freedom Unlimited cardholders have "good" scores around 680 or higher. Some people have even gotten approved with a credit score as low as 650.

But it doesn't mean you will be automatically denied if your score is under 680. And sometimes, even people with scores in the high 700s don't get approved.

The credit score is not the only thing that Chase considers when reviewing your application. They will look at other factors as well. We go over what they are next.

Chase Freedom Unlimited Application

Many things are taken into account during the decision process. Consider these factors to help improve your Chase Freedom Unlimited approval odds:

  • Your credit score: Chase will usually pull your credit report from a couple of the three credit bureaus (Equifax, Experian, and TransUnion). Your scores may be different across each bureau. So banks will usually look at more than one to get a more complete overview.
  • Your total open cards: A lot of open cards could mean that you're not good at handling your money. Or that you open a lot of cards for the sign-up bonuses. Chase is looking for loyal customers, so they may not want to invite you into their family.

    On the other hand, if this is to be your first credit card, then you don't have any other open cards. Chase will have limited information to judge your ability to responsibly use a credit card.

    This is the main reason people with high credit scores get rejected. So make sure you prioritize this application over any others.

  • Your total credit limit: If you have too high of a credit limit from your other cards, you may not be approved either. That would come off as a red flag - that you're asking for more credit. This leads to the next factor.
  • Your credit utilization: This means how much of a balance you're carrying compared to your total limit. Ideally, you should never go over 30%. A high percentage is a signal that your income does not support your spending.

    It's best if you apply for the Chase Freedom Unlimited after you have paid off your balance on your other cards. Let's say you have a month where you made a few large purchases. Wait to apply until after you've paid them off.

  • Your recent hard inquiries: People have reported being rejected because there were too many inquiries on their credit recently. This tells banks that you're desperate for credit. If you're very interested in this card, apply for it first before other card applications.
  • Ready to apply? Click here to visit Chase' secure website for the online application form, including the latest promotion.

    If you think you may not meet any of these factors, it doesn't mean you can't get approved. Read on.

    What Can You Do If You Don't Get Approved?

    If you get a rejection, it may not be the end. Here are a couple of things you can do.

    • Call the reconsideration hotline: If you believe you have great credit and meet the criteria, you can talk to a representative. Chase has a line where you can explain your situation. This can help them better understand you and possibly reconsider the decision. Here are some tips:
    • Be polite and ask if there's any more information you can provide.
  • Be ready to explain any recently opened credit accounts or credit inquires. Maybe you took out a mortgage or just switched to a new cell phone provider.
  • Explain why you want the card. Don't just talk about the sign-up bonus. For example, maybe you want to join the Ultimate Rewards family.
  • Most of all, be courteous. Don't seem desperate for credit.
  • The reconsideration number is 1-888-270-2127.

  • Work on building your credit: If you still get denied, or you know you're not quite there yet, then just work on building your credit.
    • Work on paying off the balances on your other credit cards. Don't miss or be late with any payments.
  • You can ask for credit limit increases on your other cards, which will 1) help with the credit utilization ratio, and 2) show Chase that you can be trusted with credit.
  • Refrain from opening new credit accounts, unless it's for something other than a credit card (like a mortgage or car loan).
  • Remember, you don't only have one chance. You can apply again after your credit has improved.

    The Chase Freedom Unlimited is not the hardest card to get, as long as you have proven that you can manage credit. But just having an excellent credit score does not mean guaranteed success. There are many factors that go into the final decision. If you want this card, prioritize it, as opening too many other cards will go against you. Good luck.

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    Chase Freedom (Credit Score Needed, 5/24 Rule & Other Requirements)

    By: Brittney Mayer • January 11, 2018

    Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

    Advertiser Disclosure tap to close

    During a recent conversation about the ever-evolving payments landscape, my friend posed a question that made me think: With so many other ways to pay for things now, what’s the best reason to use a credit card? It took me a few minutes to find an answer, and when I did, I wasn’t sure why it hadn’t been immediately obvious — the credit card rewards. Who doesn’t want what amounts to a discount on, well, everything?

    One of the best cash back rewards cards on the market is the Chase Freedom credit card, which combines flat rate unlimited cash back, with bonus rewards that are available in a different category each quarter — including gas stations, restaurants, and wholesale clubs. While not for those with poor credit, the Chase Freedom card is a solid rewards card choice if your credit report is in good condition. Use the menu to take your next step.

    3 Possible Roadblocks to Acceptance

    There are many factors that go into determining your credit card eligibility. While most of these variables have some wiggle room, others are often treated as hard-and-fast rules. Here are the three main impediments to approval for Chase Freedom applicants.

    1. Good Credit Score Required — At least 645, According to Reviews

    While not the end-all-be-all of your application, your credit score is an important factor. Thankfully, it also happens to be one of the factors with the most leeway. The Chase Freedom card is mainly for those in the “Good” (700+) to “Excellent” (750+) credit ranges, but there are reports of people being accepted with credit scores as low as 645.

    An important note for you credit score: it can vary depending on the source. Chase may pull from any one — or more — of the three leading agencies. Whether they pull your Experian, Equifax, or TransUnion credit report will depend mostly on your location, as it seems to vary by state.

    2. Utilization: What You Use vs. What You Have

    Your utilization rate is essentially the ratio of your total credit card balances — what you use — and your total available credit — what you have. So, if you have a total credit limit of $10,000 and you have a total balance of $2,500, your utilization is 25%.

    Your ideal utilization rate should be no greater than 30% — within the shaded blue area.

    Ideally, your utilization rate will be below 30%. The higher your rate, the less likely you are to be approved. In some ways, your credit utilization may be one of the easiest denial factors to change — or at least the quickest. If you pay down your current balances, your utilization will decrease, increasing your likelihood of acceptance.

    3. Account History & the “5/24 Rule”

    When researching common rejection responses, it seems that account history is the most frequently reported cause for denial. Rejections seem to fall into one of two camps: too little overall history, or too much recent history.

    If you’re new to building credit, you may not have a very significant credit history. In this case, you are essentially an unknown to the credit card companies — and unknowns are risky. Applicants with less than one year of verifiable credit history are often asked to reapply at a later time.

    Additionally, if you have a previous black mark on your history like a defaulted loan or bankruptcy, Chase recommends that your credit history shows at least three squeaky-clean years.

    On the other hand, if you have too many recent accounts, you may also be disqualified. Known as the “5/24 Rule,” there are many reports of otherwise ideal applicants being automatically denied when they have opened more than five new credit accounts within the past 24 months.

    Current Freedom & Chase Freedom Unlimited Offers

    If you think you fit all the criteria for a Chase Freedom card, then apply away! This quarter’s bonus categories won’t last forever.

    • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
    • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
    • Enjoy new 5% categories each quarter
    • Unlimited 1% cash back on all other purchases - it's automatic
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.24-24.99%. Balance transfer fee is 5% of the amount transferred, $5 minimum
    • No minimum to redeem for cash back
    • See application, terms and details.

    If you’d prefer a simpler way to earn cash back without worrying about rotating categories, try the new Chase Freedom Unlimited card. Instead of bonus rewards on certain purchases, Freedom Unlimited offers a higher flat-rate rewards percentage.

    • Unlimited 1.5% cash back on every purchase — it's automatic
    • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.24-24.99%. Balance transfer fee is 5% of the amount transferred, $5 minimum
    • No minimum to redeem for cash back
    • Cash Back rewards do not expire as long as your account is open
    • No annual fee
    • See application, terms and details.

    Cash back rewards will stay good as long as your account is open; your points will never expire.

    If you have been denied a Chase Freedom card because of your credit, you may need to take time to improve or repair your credit before applying again. Paying off existing debt, especially if your utilization is above the 30% limit, will be the best way to go. If you need to build — or rebuild — credit, try these three credit cards that typically approve applicants with “Fair” (630+) credit scores or below.

    • Fingerhut offers more than 500,000 items including the brand names you want like Samsung, KitchenAid, and DeWalt
    • Fast, easy online application process and a quick decision
    • Take advantage of low monthly payments if you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit
    • See application, terms and details.

    Capital One® Secured Mastercard®

    • No annual fee, and all the credit building benefits with responsible card use
    • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
    • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
    • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
    • Easily manage your account 24/7 with online access, by phone or using our mobile app
    • It's a credit card accepted at millions of locations worldwide
    • See application, terms and details.

    Credit One Bank® Visa® with Free Credit Score Tracking

    • See if you Pre-Qualify in less than 60 seconds—without affecting your credit score. It's fast, easy, and secure.
    • Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV. Terms apply.
    • This is a fully functional, unsecured credit card—not a debit card, prepaid card, or secured credit card with deposit requirements.
    • Credit One Bank automatically monitors every account for credit line increase opportunities each month. We'll notify you as soon as you're eligible for a higher credit line. A fee may apply.
    • Take advantage of free online access to your Experian credit score and credit report summary so you can track the key factors impacting your credit health. Terms apply.
    • Zero Fraud Liability protects you if your card is ever lost or stolen. Rest easy knowing you won't be held responsible for unauthorized charges.
    • See application, terms and details.

    If you are still facing credit card denials, or are feeling overcome by your debt, you may need a debt management program. A reputable company can help you work with your lenders to design a payment plan and get out of debt.

    Last-Ditch Effort: Call the Reconsideration Line

    If you really have your heart set on the Chase Freedom card, or believe there was some sort of error in your application, there is one last step you can try — the reconsideration line. Called different things by different card companies, there is a “backdoor” phone number (read: skip the usual customer service representative) that will take you to someone with the power to re-evaluate your application — and make a decision one way or the other. To get in touch with a Chase “credit analyst” who can take a look at your application for a Freedom card, call this number:

    Chances are, you were initially denied because they considered you a credit risk; don’t encourage that opinion. Have a reasonable explanation for why you want the card, but don’t mention a signup bonus — credit card companies want to think you’re in it for the long haul. Also, make sure you know all of your information, including your latest credit scores and card balances. If you were turned down due to an error, now is the time to set the record straight.

    One of the most important tools in your reconsideration belt, though, is simply you. Be polite, encourage a little friendly conversation, and show you understand that the person on the other end of the line is, in fact, a person. With the right attitude and a little luck, you can have your new Chase Freedom card in no time.

    Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

    Chase Freedom Unlimited: Flat-Rate Cash Back With a Twist

    The Chase Freedom Unlimited® is changing the rules of flat-rate cash-back cards one redemption option at a time.

    With this card, you earn a flat 1.5% cash back on all purchases. And your redemption options include more than just statement credits or a check in the mail. You can also redeem your rewards to book travel directly through Chase for the same value, or transfer your rewards to other Chase cards with more valuable redemption options. Other flat-rate cash-back cards don’t provide such a wide array of redemption opportunities.

    In terms of versatility, the Chase Freedom Unlimited® is at the top of its class. And if you’re looking for a companion to the Chase Freedom® and the Chase Sapphire Preferred® Card, you’d be hard-pressed to find a better deal.

    • High rewards rate and no minimum redemption
    • No annual fee
    • Long 0% APR period
    • Sign-up bonus
    • Has foreign transaction fee
    • No bonus rewards categories
    • Requires good/excellent credit
    • APR: 16.24% - 24.99% Variable APR
    • Cash Advance APR: 26.24%, Variable
    • 0% on Purchases and Balance Transfers for 15 months
    • Unlimited 1.5% cash back on every purchase - it's automatic
    • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.24-24.99%. Balance transfer fee is 5% of the amount transferred, $5 minimum
    • No minimum to redeem for cash back
    • Cash Back rewards do not expire as long as your account is open
    • No annual fee

    Chase Freedom Unlimited®: The Basics

    The Chase Freedom Unlimited® is a straightforward cash-back card, with no caps on rewards earnings and a handsome sign-up bonus. Here’s what you should know before applying:

    • Earn rate: Unlimited 1.5% cash back on all purchases.
    • Sign-up bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening..
    • Annual fee: $0.
    • Redemption options: Cash back or Ultimate Rewards points. Ultimate Rewards points, worth 1 cent apiece, can be transferred to other cards that earn Ultimate Rewards or redeemed for gift cards and trips booked through Chase’s travel portal. Cardholders will also be able to redeem rewards at certain stores’ point-of-sale terminals using the Chase Freedom® Mobile app.

    The Chase Freedom Unlimited® Freedom Unlimited is a good card on its own, but it’s even better as a companion to other proprietary Chase cards. If you have more than one Chase card, you could:

    In either case, you’d earn much more than you would if the Chase Freedom Unlimited® were your only card.

    Why get the Chase Freedom Unlimited®?

    As a flat-rate cash-back card, the Chase Freedom Unlimited® delivers high ongoing value at a low cost. In addition to its redemption flexibility, its best features include:

    No minimum redemptions. With this card, you can redeem for cash back in any amount — even for as little as 1 cent. The Chase Freedom®, in contrast, has a $20 minimum redemption for cash back, and the Citi® Double Cash Card – 18 month BT offer has a minimum $25 redemption. With no minimum redemptions, Chase Freedom Unlimited® cardholders will be able to redeem every cent earned on the card, a relatively rare benefit among cash-back cards.

    A hefty sign-up bonus and a 0% APR period. The sign-up bonus matches that on the Chase Freedom®. The card also comes with a 0% APR period: 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.24% - 24.99% Variable APR.

    The limits of the Chase Freedom Unlimited®

    The Chase Freedom Unlimited® offers good value — especially if you’re looking for ways to earn more Ultimate Rewards points. But it also comes with some limitations you should know about:

    We’re sorry, but this offer is no longer available. It may have been discontinued. But, we can match you with a personalized, money-saving offer.

    1. We analyze your current spending and accounts
    2. We then find personalized offers that will save you the most money

    Find your savings

    15 months

  • Balance Transfers 0.00% for

    15 months

  • Ongoing apr 15.99%–24.74% (variable)

    (on Purchases & Balance Transfers)

    balance transfer fee Either $5 or 5% of the amount of each transfer, whichever is greater annual fee $0 rewards

    • Everything

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