Which is better Chase Freedom or American Express?
While you could argue the Chase Freedom Flex℠ and the Blue Cash Preferred® Card from American Express have equally good bonus categories, the winner goes to the one without the annual fee. The Blue Cash Preferred® Card from American Express has an annual fee of $0 intro for the first year, then $95.
Is Chase discontinuing Freedom cards?
Yes, Chase Freedom was discontinued on September 15, 2020, and it is no longer available to new applicants. Current Chase Freedom cardholders aren’t required to change products, though they certainly can upgrade to the Chase Freedom Flex℠ card if they’d like.
What credit score do you need for Amex Blue Cash Everyday?
700
The Amex Blue Cash Everyday credit score requirement is 700, at a minimum. That means you’ll need at least good credit for approval.
Why is Chase better than American Express?
Earning points with AmEx vs. Chase credit cards. Both AmEx and Chase offer a range of credit cards, from basic to premium, that help you earn points. However, Chase credit cards tend to offer bigger sign-up bonuses and higher rewards rates, making Chase points easier to accumulate than AmEx points.
What is Chase Freedom unlimited credit limit?
$500
The Chase Freedom Unlimited credit limit is $500 or more for everyone who’s approved. The most creditworthy applicants can also get starting credit limits of $5,000 or higher from the Visa Signature version of the Chase Freedom Unlimited card.
What credit score is needed for Chase Freedom Unlimited?
690 or better
You’ll need good to excellent credit to qualify for the Chase Freedom Unlimited®. Generally speaking, this is defined as a credit score of 690 or better. But a credit score alone isn’t enough to qualify for any credit card. Issuers take into account your income, existing debts and other information.
Where is AmEx not accepted?
American Express is not accepted everywhere because American Express charges merchants higher fees than Visa, Mastercard. This makes retailers like Costco, independently owned boutiques, and many family stores shy away from accepting your American Express card.
Why was Chase Freedom Unlimited denied?
However, the decision letter listed several factors other than my credit score as grounds for denial, including too low of a credit line on my current joint card and too many recently opened accounts. For a long time, I had assumed that paying your bills on time and in full was enough.
Is Chase Freedom Flex hard to get?
Yes, the Chase Freedom Flex℠ is hard to get because it requires at least a good credit score for approval. This means that applicants need a credit score of around 700+ to have decent odds of getting approved for Chase Freedom Flex.
What are the benefits of Chase Freedom?
Sign-Up Bonus. You earn$200 cash bonus after spending$500 on purchases in the first 3 months from account opening.
What is Chase Freedom credit limit?
The Chase Freedom credit limit is at least $500. So everyone who gets approved for Chase Freedom is guaranteed $500+ in spending power, and you could get a lot more. Especially creditworthy customers can get a Chase Freedom credit limit of $5,000 and up.
What is Chase Freedom Bonus?
Chase Freedom bonus categories are the types of purchases on which cardholders earn 5% cash back, up to $1,500 spent each quarter, instead of the regular 1% cash back rate. It is possible to earn as much as $300 in rewards per year by spending up to $6,000 in the Chase Freedom bonus categories.
Is Chase Freedom Unlimited?
The Chase Freedom Flex and Chase Freedom Unlimited are two competitive cash-back credit cards. Both cards offer a money-saving no annual fee, plus similar cash-back rates. But while these cards rank neck-and-neck, the best option for you depends on whether you prefer to earn more cash back or take advantage of added perks.