@MrDisco99 wrote:If you PC to the CFU do you keep the bonux 5x on groceries? If not I'd stay put until the year is up on that so you don't lose it.
If it were me I'd apply for another card to complement the category earning on the CFF... something that earns a flat 2% on everything like the Citi DoubleCash or PayPal or something like that.
If I read correctly, OP has the Freedom OG as the well-aged card, and the new card is Freedom Flex, where the grocery bonus lives. PC of Freedom OG to Freedom Unlimited won't affect the Flex bonus.
OP, I had a Chase Slate card. Appropriate name because with zero rewards that card was dumb as a rock. The card was opened in 2003, long aged. PC'd to the Freedom Unlimited, because in the UR points environment, the 1.5 UR is very nice on non-categories spend. I also have an aged Freedom OG, and have been using the categories for years. Just got the Flex recently so now I'm emphasizing UR points and enjoying the groceries bonus.
While it may be possible the CFU has a grocery bonus in a year ( the current promo ending soon ) I would suggest your next move, a year or so from now, should be a Chase Sapphire Preferred app. This gets you an outright sign up bonus of a lot of UR points for $3k to $4k spend, and if you keep the UR you are earning this year, you end up with a ton of nice UR points to fund travel at a better rate than 1cent per point. So my suggestion is to do the PC from the Freedom OG to Unlimited.
@EAJuggalo wrote:
@Anonymous wrote:@NoHardLimits and @EAJuggalo, you suggested a third card with a different, non-Chase lender. Is there a specific reasoning for that? I probably wouldn't be getting a third card until next year (baby steps and all) but I've looked at/considered Discover IT. 5X rotating categories like the CFF and the first year doubles the cash back which makes it a 10X/flat-2X card. I've also read that normally the Chase/Discover quarterly categories don't overlap.
A third card helps with scoring, a non-Chase lender is purely for risk mitigation purposes. If your relationship goes bad with Chase, if Chase's computers go down, or a something else happens. You still have another option. IME, Discover and Freedom categories overlap one quarter every year.
Yes, I also agree that having a non-Chase card is to remove the risk of losing access to all of your credit cards simultaneously if something goes wrong with Chase.
Many years ago, Freedom gave 3% cash back in your top 3 spending categories every month. When it changed to 5% rotating quarterly categories, Chase almost completely duplicated Discover's calendar. As time went by, the categories diverged so there is no longer too much overlap.
@Anonymous wrote:@NRB525 I haven't figured out how to quote you, but yes, my first/oldest card is the OG Freedom and the CFF is the newbie. I do have another question, though. You aren't the only one I've heard talk about the CSP and/or the CSR and the respective 1.25/1.5X multipliers. Are the multipliers only for travel, or if you have that card can you redeem your UR points for straight cash-back at those higher rates?
@NoHardLimits and @EAJuggalo, you suggested a third card with a different, non-Chase lender. Is there a specific reasoning for that? I probably wouldn't be getting a third card until next year (baby steps and all) but I've looked at/considered Discover IT. 5X rotating categories like the CFF and the first year doubles the cash back which makes it a 10X/flat-2X card. I've also read that normally the Chase/Discover quarterly categories don't overlap.
Welcome to My Fico Forums, @Anonymous! 
I agree with the general consensus that product-changing your original Freedom to the Freedom Unlimited is your best choice at this time.
To quote another member (as I did above with you), type the "@" sign. A dialogue box will open that shows some recent members who have posted in that thread. If you don't see the name (or want to reference a member who isn't participating in that thread), just start typing the user name and suggestions will come. Using the "@" or quoting the specific message you're replying to is important since replies to one specific comment can get lost in the exchange in the thread.
Do you travel much or at all? You mentioned that you would be "moving out to live on your own" so it sounds like your living situation might not include a lot of travel. If you don't travel, you don't need a Sapphire Preferred or a Sapphire Reserve. If you do travel, those are both great cards! No, the Sapphire cards don't magnify the value of your cash-back unless you either use it for travel in the portal (1.25x on CSP or 1.5x on CSR), or unless you transfer it to partners where it can be worth up to 2x the value.
It's wise to diversify your cards among different lenders for many reasons. By far, the biggest reason is that not diversifying gives one single lender way too much power over your credit score and file. If something happened to raise their concerns about the lending relationship, they could decrease your limits or even close all your cards. Ideally, three cards is the minimum you want for building a solid credit score and if you have a choice, I would pick three different lenders where your relative risk with each one is only 33%. If you become like some of us on the forums who have a half dozen or a dozen or more cards, the effects of an incident with one lender would be minimal. Also, as mentioned, having backups for spending if there is a network problem with that bank's cards. If you'd like some suggestions about what other cards or lenders to pursue, let us know what you're looking for and we'd be glad to help.
@Aim_High thank you for the offer In a few months/towards the end of 2023 when I anticipate wanting to open a third card I will definitely come back here for advice. The majority of my spend at the moment is groceries/dining/fast food and I have that covered with the CFF and the first-year grocery bonus. If I product-change to the CFU that will cover (the majority) of the rest. I think those two cards will do me for awhile until I feel confident enough to spread my wings even more. I don't travel at the moment so I don't think the CSP/CSR are for me, at least not right now.
Is there a specialized forum section for new card advice or is this section fine for that sort of thing?
Considering the OG Freedom is no longer allowed to new users and there are data points of people with that card being auto-converted to the CFU/CFF, do you anticipate that happening to everyone with the Freedom (OG)?
@Anonymous wrote:@Aim_High thank you for the offer
Is there a specialized forum section for new card advice or is this section fine for that sort of thing?
Considering the OG Freedom is no longer allowed to new users and there are data points of people with that card being auto-converted to the CFU/CFF, do you anticipate that happening to everyone with the Freedom (OG)?
It sounds like those two cards should serve you well for the near-term, @Anonymous. No need to rush an additional card.
For questions on applying for new cards, the best choice would probably be the sister forum of this one called "Credit Card Applications." (Link provided.) But this forum might work as well.
I have the original Freedom card and it's survived the changes to Freedom Flex. I may be wrong but I don't remember any involuntary product-changes from original Freedom to other products. Sure, that is possible and lenders have sometimes forced cardholders into new products. That recently happened, for example, on the Barclay's UBER card program being terminated with cardholders converted into the VIEW card. And with some recent bank mergers and acquisitions, some of our members have had cards converted into other products involuntarily such as when BBVA-USA was spun off by BBVA to PNC Bank.
Regardless, with your not anticipating a need for multiple 5% rotating category Freedom cards, getting that extra 0.5% on uncategorized spending by converting your OG Freedom to Freedom Unlimited seems to be a much smarter bet.