Chase Offers Welcome Bonus Boost for Popular Cash Back Credit Card

If you’re looking for an easy-to-achieve welcome bonus, Chase is delivering a great opportunity.

For a limited time, the card_name is offering a boosted welcome bonus for new cardholders. And it has an easy-to-achieve spending requirement as well.

Let’s take a look at the offer and then determine if this card is a good fit for your wallet.

Limited-Time Bonus for Chase Freedom Unlimited®

For a limited time, new cardholders can qualify for the following sign-up bonus:

Limited Time Offer: Earn a $300 bonus after you spend $500 on purchases in the first 3 months from account opening.

This is a $100 increase from the previous offer on this card, which was for $200 with the same spending requirement.

Considering this card has no annual fee, this offer ranks among the best welcome bonuses on the market.

More About the Chase Freedom Unlimited® Card

If that bonus sounds appealing to you, let’s learn a little bit more about the long-term viability of the credit card.

Here’s a quick rundown of the basics:

As you can see, the everyday cash back rate is 1.5% on the card. That’s below the 2% mark that money expert Clark Howard recommends for the everyday spender in your wallet.

It does have some bonus categories that may help you beat that cash back in other areas, though. Specifically, I believe the 3% cash back on dining could be a useful rate of return for many potential cardholders.

And it is also worth noting that you can pool these Chase points with those you might be earning with other Chase cards, so that could have some redemption value for you beyond the face value of the points.

I have a full review of this card available here. We discuss some of the pros and cons there, but I do want to point out the key determinants for whether it is likely to be a good fit for you beyond earning the welcome bonus:

1. You can get a higher “everyday” cash back rate from another credit card. While 1.5% cash back is better than 1% or no cash back at all, it’s not the highest rate of everyday cash back available on the market. Clark often talks about getting 2% back, and there are plenty of options to do that elsewhere.
2. This card will ding you internationally. If you apply for this one, don’t plan on using it for international travel. It has a 3% foreign transaction fee on every purchase you make outside of the country.
3. The introductory APR period is good, but be careful. If you’re considering applying for the 15-month introductory APR period on either the balance transfers or new purchases, you’ll want to make sure you have a plan for paying things off prior to the end of your period. We have a good guide for this here. Failure to do so can result in exposure to high interest rates on your balances.

Does this offer appeal to you? We’d love to hear your thoughts in the Clark.com community.