Freedom Unlimited question

redheadtempe36 · ‎06-22-2018

So I just went on an app spree and got 4 out of 6 approvals (US Bank Korger, Chase Freedom Unlimited, Barclay Apple, and Paypal credit - no go for BOA and Citi Double Cash). Yay!

I have a question about the Freedom. The card I was approved for has no 0% into rate, but it does have 0% for 6 months for purchases over $399. Is this for all time? Seems like a pretty cool benefit if so. Anyone used this on their Freedom unlimited more than once?

K-in-Boston · ‎06-22-2018

I've not heard of 0% for 6 months on purchases over $399. Usually the card comes with 15 months at 0% for all new purchases and balance transfers.

SteelCityPride · ‎06-22-2018

The 6 months 0% for $399 and higher is Lowe's and Home Depot and actually I believe its $299 or more.

Congrats!

Jan. 2017 Fico 8 - low 500's

redheadtempe36 · ‎06-22-2018

Yeah I can't find it on-line anymore but it is right on my cardmember agreement:

0% Promo APR for the first 6 months following the purchase date for each purchase of $399 or more, provided your account is open and not in default on the purchase date. After that, 25.24%. This APR will vary with the market based on the Prime Rate.

NRB525 · ‎06-22-2018

OP is that card agreement for Lowe’s or Home Depot? Or for Chase Freedom Unlimited?

( this may be one of the risks of a spree - mixing up all the paperwork that arrives at the same time from 6 cards )

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

redheadtempe36 · ‎06-22-2018

No, that is the unlimited. I don't have Lowe's or Home Depot.

NRB525 · ‎06-22-2018

Ok, I am intrigued. We need to see pictures of the text, showing the context of this referencing Freedom Unlimited.

It is New News so needs to be verified

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

redheadtempe36 · ‎06-22-2018

Trying to post the agreement.

https://imgur.com/wdYaCon

Well I can't get it to post but that link shows it.

NRB525 · ‎06-22-2018

Ok, so it is Freedom Unlimited.
This says the “promo APR” applied only to substantial purchases, over $399, for 6 months, and no 0% BT offer during the first year?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

redheadtempe36 · ‎06-22-2018

That's how I read it. I was curious if this 6 month offer is good for all time which is why I posted.

Sounds like it is new/unusual so I will call Chase and ask.

For myself at least, I'd prefer this over the 0% for 15 months. Everyone is different, but I rarely make purchases over $1500 and I can (usually) pay those off within a 6 month timeline.