Convert to a Freedom Unlimited via Secure Message & Why You Might Want to Wait Before Changing

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Freedom Unlimited Product Change & Why You Should Wait

A few weeks ago Chase released the details of their brand new Freedom Unlimited card. It will not be a replacement for the existing Chase Freedom card, but instead will be a new product. For more details on the card see my original post. As a recap, here are the key benefits:

  • Freedom Unlimited will offer 1.5% unlimited cash back on every purchase.
  • There’s no minimum to redeem for cash back.
  • Freedom Unlimited customers will earn points through the Ultimate Rewards program in the same way current Freedom customers do.
  • Customers can redeem points for cash back or other redemptions options including gift cards and travel.

Applying for the Card

As of now the Chase Freedom Unlimited card is not widely available but you can still get it. Chase has confirmed you will not be able to apply online for the Freedom Unlimited until April, however you can apply in-person at any of their branches across the country. I’m not sure why the rollout is staggered, but at least you can get the card now if you are interested.

Converting an Existing Freedom to Freedom Unlimited

Freedom Unlimited Product Change

 

If you would like to convert your Freedom to a Freedom Unlimited then it is possible either via the telephone or using the secure message feature on the Chase website. Yesterday a reader sent me an email confirming that they were able to successfully convert a Chase Slate card to a Chase Freedom Unlimited. The entire process was completed via the Secure Message tool on the Chase website.

After sending the initial secure message to Chase, the reader was given an option to convert either to a regular Freedom or a Freedom Unlimited. I am told that others have had success converting Sapphire Preferred and regular Freedom cards to Freedom Unlimited as well.

Why You Might Want to Wait Before Switching

Freedom Unlimited Product Change

If you are thinking about switching a Freedom to a Freedom Unlimited, it may be wise to wait until you have maxed out the 2nd quarter 5% grocery store bonus category. For many this is an easy category to max out and switching now would mean you aren’t eligible for 5% on up to $1,500 in purchases.

Since I plan to convert an existing Freedom to a Freedom Unlimited, my strategy will be to max out the grocery store bonus on the card I am converting in early April. I will then send a message and ask to convert to a Freedom Unlimited once the statement has closed and the points hit my account.

Conclusion

For many, the ability to earn 1.5 Ultimate Rewards points per dollar spent is attractive. I will be switching one of my three Freedom cards over to Freedom Unlimited, but not before I max out the grocery store category bonus in April.

Are you planning to apply for or switch to a Freedom Unlimited? Have you already? Let us know your experience in the comments!


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10 COMMENTS

  1. My AF for my CSP is coming up 3/18. Since I (we) already have three 5% freedom cards, I was wanting to downgrade CSP to the unlimited freedom. You mention it’s not available until April so I wonder if this also means we can’t product change/downgrade until then? I’ll need to look up how long you can get a full refund for AF for and hopefully push it until April if necessary.

  2. I was hoping next quarter would be easy, but now both Giant and Safeway in my area do not accept credit cards for purchase of VGC. Oh gosh, I suppose I could use it to buy groceries….

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