• Should I Upgrade My Chase Freedom To Freedom Unlimited?

    Posted by Matilde on October 6, 2023 at 2:58 pm

    I currently have a Chase Sapphire Preferred and original Chase Freedom. Apparently, Chase heard my grumbling about using the CSP out of habit instead of Freedom at Costco (wholesale is the 5% category for Oct-Dec) on Sunday, and today I got an email inviting me to product change the Freedom to CFU.

    I’m inclined to stick with the Freedom since the only benefit over the CSP would be the extra 0.5% on all other purchases (which I tend to think wouldn’t balance out the 5% on quarterly categories for me), but I’m curious to hear the experiences of others – if you’ve product changed from Freedom to CFU, was it a good call for you in the end?

    Matilde replied 1 month, 3 weeks ago 1 Member · 4 Replies
  • 4 Replies
  • Linwood

    October 6, 2023 at 2:58 pm

    I would wait and keep what you have or just do a new application and get any sign-on bonus you can.

    My Freedom is my oldest Chase card. After 4 years with my CSP, I downgraded that to a CFU and then waited a few weeks and reapplied for a new CSP for a new sign on bonus.

    You’re only eligible for a Sapphire bonus every 48 months and that counts from when the bonus hit your account, not when you opened the account, so you have to time that appropriately.

    If you’d prefer to just product change and don’t want to open any new accounts, it really depends on your spending patterns.

    Personally, I’ve started to shift away from my CFU, because I have a Cap One Venture that earns me 2x on all purchases as opposed to 1.5x with the CFU. Yes, different points systems, but that works for my current use of points.

    I’ll shift back to the CFU if start working on an award booking that might require UR.

  • Aliza

    October 6, 2023 at 2:58 pm

    No, don’t do it. You’d be giving up the Chase Unlimited sign-up bonus plus the 5x categories each quarter, especially if you max out a category. More Freedoms, more points.

  • Conrad

    October 6, 2023 at 2:59 pm

    Don’t product change to the Freedom to CFU. Get the CFU as a new application for the bonus if you have the 5/24 space and don’t have any other personal cards in mind at this time

    Holding both plus the CSP is the best move

  • Matilde

    October 6, 2023 at 2:59 pm

    I would keep the original Freedom and also sign up for the Freedom Unlimited to get the [admittedly paltry] SUB.

    I like having them both since I will use the CFU for my everyday spending and only use the original for spending in the quarterly bonus categories.

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