JPMorgan Chase, the largest bank in the United States, is currently offering a generous $200 sign-up bonus for new members who apply for the Chase Freedom Unlimited credit card. With no official deadline announced, this offer is available for a limited time, giving potential cardholders a valuable opportunity to earn easy cashback while enjoying a wide range of perks.
Chase, which serves over 82 million customers and manages assets worth around $3.5 trillion, is targeting both new and experienced users with this straightforward offer.
How the $200 Bonus Works
The Chase Freedom Unlimited card offers a $200 bonus to new cardmembers who spend $500 within the first three months of opening the account. There are no complicated rules or hidden catches, and the spending requirement is achievable for most consumers who use their card for regular purchases.
To be eligible, applicants must not currently hold the Chase Freedom Unlimited card and must not have received a new cardmember bonus for this card in the past 24 months.
Cashback Rewards That Add Up
In addition to the $200 sign-up bonus, Chase Freedom Unlimited cardholders benefit from strong cashback rewards:
- 5% cashback on travel purchases made through Chase Travel
- 3% cashback on drugstore purchases and dining at restaurants (including eligible takeout and delivery)
- 1.5% cashback on all other purchases, with no limits on how much you can earn
All cashback rewards can be redeemed as statement credits, direct deposits, or even towards travel, gift cards, and other options through the Chase Ultimate Rewards program.
No Annual Fee and Long Interest-Free Period
The Chase Freedom Unlimited card has no annual fee, making it a cost-effective choice for everyday spending. Plus, new cardholders enjoy a 0% introductory APR for 15 months on purchases—ideal for those planning larger buys they’d prefer to pay off over time.
No Minimum Redemption and No Expiration
Cashback can be redeemed anytime with no minimum amount required, and rewards never expire as long as your account remains open. This flexibility makes it easy for cardholders to manage and use their rewards on their terms.
Credit Score Requirements and New Approval Methods
Typically, the card is best suited for those with a credit score between 690 and 850, considered good to excellent. However, a new system may soon make it easier for those without a credit score to get approved.
In 2025, Chase and other large banks like Wells Fargo plan to launch a pilot program that assesses applicants using bank account activity instead of traditional credit scores. The goal is to include more people in the credit system, especially recent immigrants or those who primarily use debit or cash.
Instead of relying solely on credit scores, the program will look at checking and savings balances, transaction history, and whether the applicant regularly overdrafts. This change is part of a government-backed effort to expand access to financial services for responsible consumers with limited credit history.
Chase’s Bigger Banking Moves
Beyond credit cards, Chase is making major changes to its physical presence. The bank plans to open 150 new branches by 2027, with over 100 already in progress. At the same time, other banks are shrinking their networks, closing branches in up to 13 states, based on recent customer behavior and preferences for digital banking.
The Chase Freedom Unlimited card delivers solid value with a $200 bonus, generous cashback on everyday spending, and no annual fees. For anyone looking for a reliable rewards card with flexible redemption options and long-term value, this card is worth considering. And with banks soon offering alternative approval methods for those without credit scores, even more people may soon be eligible to apply.