Chase Freedom Unlimited vs. Wells Fargo Active Cash Visa - Credit Card Showdown!
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- Опубліковано 4 жов 2021
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I just got the intro offer of 200$ back on 500$ on the freedom flex 💪 can I get that offer on the freedom unlimited as well.
Why
I definitely prefer Chase over Wells Fargo as a company, but both cards are super solid as you said! Awesome video as always!
Wells Fargo just got caught
Definitely plan on getting that Active Cash in December. Just got the Citi Custom and still working on getting the minimum spend. Great content as always, thanks Adam!!!
2% is weak, banks need to show some appreciation to their customers. 5% everywhere should be the standard.
When you have other credit cards that gives you 5% back in other categories then the 2% is good for the categories that the cards don’t for example the hair store that’s definitely not a 5% back category on your card so the 2% is definitely good for it
5 back everywhere 😂😂💀💀
No contest, Chase any day of the week. Chase cash back can be redeemed into any linked bank account or banked for travel. WF can only be redeemed in a WF checking account, or statement credit, but only in $25 increments.
Would you recommend it even if a person does not have a 2% but only a 1.5% card? The benefit is no foreign fee, and I know someone with the chase FLEX who has 20% back on a lot of big stores right now… so the WF portal should be able to compete
They took off the $25 increments
I have the active cash with a 14k limit. They should offer their customers more than 2%. It’s still a good utility card though for misc purchases that your other cards don’t have a category for. Their rewards program is solid. I’d take it over the freedom unlimited. That 1.5% cash back is weaker. I’d say skip the CFU unless you plan on using chase rewards for travel, then pair it with the CSP or CSR.
Very informative! Liked the way you took into consideration the card heavy vs card light group of people’s perspectives.
Adam,
Great video and comparison videos. Always love your videos. It's great to see your videos appreciate it.
FYI the cell phone insurance is only if your cell phone is paid off so if you’re in a payment plan it Doesn’t qualify
Thank you, Anna. Did not know that!
I love my 2 chase cards. The freedom Visa card and the New slate edge card. I was able to consolidate my other 2 high interest store cards on the slate with no more interest. Love your videos Adam 💕. Very credit educational!
When you finish up paying down your entire balance and want to get rewards out of the slate card, you can product change it to a freedom unlimited/flex. I’m suggesting this because usually balance transfer focused cards don’t usually have any reward/ advantages after you’ve finished the 0 apr period. This way, you get the best bang for your buck(hard pull).
It's either get the chase setup for max traveling rewards or get citi and chase for max cash back
get them both. problem solved.
3:15 so all your cash back can't go into another bank checking account like Chase (or another). It can only be redeemed to pay off your credit card purchases?
Might have missed it but the Chase Freedom Flex (at least the one I have) also has cell phone protection equivalent to the Wells Fargo Active Cash Visa. Something to consider.
Chase is better $800 vs $600
With the Wells Fargo card you can get a check. That’s what I do but I hate that you can only get the check in $25 increments.
That’s funny, these are the two cards I’m using the most at the moment haha
I like your shirt. Nice choice.
great break down thanks
Porque no los dos? Got the Active Cash and the Freedom Flex this year.
Same here. I got the Freedom Flex and the Discover it for the bonus categories and the Active Cash for my "everything else" card.
Like you said, it comes to strategy vs practicality. I think if you wanted to run a lean set up, 3 cards or less, then the Wells Fargo active cash wins. My set up (cfu, cff, discover-it, and Amex bce downgraded from bcp) just doesn’t warrant the active cash.
That being said, I bank with Wells Fargo and have their visa signature card with a large credit limit. My hope is that with the new card lineup coming out this Winter/Spring they’ll have a new card that combines the best of both the propel and the visa signature. If so, then the goal will be to product change the visa signature to that.
Great match up
When you get approved for either one will it boost up your credit score and how high ?
WF getting more interesting however their reputation still needs a huge trust boost. Propel ending was sad day. I will say I am looking forward to the next WF release(s) in the coming months. 🤔. Thanks for comparing cards that are more practical in the current economy. Definitely a huge topic for family budgets.
Personally I’m going to get the freedom unlimited so I could get more value from traveling with the chase partners, but that’s only because I plan to fill the trifecta. If I only had 1 card I would get the WF card
I know the Chase Freedom unlimited has 3% foreign Transaction fees does the Wells fargo? is traveling over seas the most important or it's part of travel but not the most important detail?
so how would you compare these 2 cards to 2nd cash back cards ?
Citi Double cash
Capital one Savor as far as all purchases dining , shopping at Container store, Champs , Lids, Kay's , Home Goods' , TJ Max , Bed bath and Beyond
Barnes and Nobles, Gas stations , shopping at Costco , Spas ?
Wish the BofA Unlimited Cash Rewards card was included in the comparison as well
Trash
chase has some chase offers that is another +
I hate Wells Fargo because they doesn't show you your remaining statement balance.
Can you compare airline credit cards
If the Active Cash was around maybe 3 years ago when I got my Quicksilver credit card I might of preferred getting the Active Cash.
Don’t bother with the Active Cash
I have the original Chase Freedom card. Would you recommend doing a product change to the Flex or just apply for that card.
What did you end up doing? I'm in the same boat. Deciding if I should keep mine or change it to flex
I got the Wells fargo because I have to wait to much to clear the chase rule 🤣
People that care about cashback and ONLY WANT 1 CARD, should just get a flat 2% card. either Citi double cash or the Wells Fargo active cash. Otherwise you’re gonna end up being like one of these UA-camrs and have to have seven credit cards in your pocket to try to finesse the system. too much work, I’d rather just have one card
I dont think so. Chase freedom unlimited is better than a 2% card. While its only 1.5% on all purchases (only 0.5% less),
3% on dinning is nice, and will more than make up for that loss in the 0.5% difference.
The 5% on groceries for first year is the cherry on top
@@JimBobe Hey Jim I already did the math on this. After the first year and even in the first year depending on how much you spend it’s still beneficial to just get a flat 2% percent card if that’s your only card . I mean how often are you going out to eat each month ? Not enough to offset the half a percent
@@ImYoutubing247 its not just restaurants. It includes delivery services as well (its in the fine print)
The average person spends $232 every month eating out. Getting 3% cashback on that is much more valuable than a 0.5% loss on everyday purchases.
Obviously if you dont eat out at all then this doesnt apply to you. But for the average person, chase freedom brings more value
@@JimBobe again the math speaks for itself you’d have to spend an absurd amount of money for that to make sense I’ll give you an example my average dining this year I spent approximately $610 a month on dining (which is way more then the average person you are claiming). I would need to spend double that to break even with that card compared to just a flat 2%.
So unless you’re spending over $1200 a month in dining and take out, this card is not for you.
@@JimBobe The only thing I’ll add is if you use this card only for dining and another card for other categories this would be beneficial, however that is not what my original comment was about. I’m talking about if the only card you have is a 2% cash back, thats still more beneficial
Freedom flex also has cell phone protection.
So does wells fargo
@@joemartinez8042 less coverage though. $800 vs $600
Chase Flex 💪 is better than both over all IMO
Not many cell phones out there, that can be replaced for about $600.00 any more.
This coverage could really be better!
- believe that is the limit set by Visa, not WF.
@@docsays not really, it’s set by the insurance company and it is negotiable depending on what the card issuer is willing to pay. Normally the coverage, is up to $1,000.00!
Do points from 2 credit cards of the same bank go into the same points pool?
Different banks do it differently. With Chase you can transfer those points from one card to another. If you have one of the Chase Sapphire cards and a Freedom Unlimited and/or Freedom Flex, you can transfer the points earned on the Freedom card(s) to the Sapphire card to get the points multiplier from the Sapphire. I think with American Express, they're just all in one pool, so no transfer is necessary.
I got the CSP 5 months ago, which card would you get next the CFU or CFF ?
The Freedom Flex. 5% on rotating categories on common things like: gas, internet, streaming services, Walmart, PayPal, home improvement, wholesale clubs etc... is better than 1.5% on those exact same things, and if your purchase didn't fall in one of those categories, you're still getting 1%, and 1.5% isn't so much ahead of it; but 5% is more than 3x 1.5%. I got the CFU first and I regret it (I have both now), because the best strategy is to get a 2% card (that has a welcome bonus) with the CFF.
Also a tip chase 5% back at grocery intro offer stacks with grocery when it's a rotating caterogy and it stacks with PayPal been doing that for 9% back on groceries for two quarters. Eventually I'm getting a discover it card for the 10% back digital wallet for q4, 2022
Which credit card out of all of them has the best cell phone protection?
Freedom Flex or similar World Elite Mastercard will give you $800 per claim or $1k per yr.
Hi Adam, I have a question. Does not using a credit card for many months affect your credit score in any way ?
It should def not affect you as there is nothing they can apply interests on you.
@@kaiserMaester NEGATIVE
It might affect you on possibilities of getting credit limit increases in future. You aren’t showing usage of the card, which may also get your credit limit reduced. Use the card properly, like an extra step in paying for your daily purchases. Just my suggestion.
If I have the platinum credit card and do the credit card switch to the active cash because it's 2% instead of 1%. Does that effect my credit? Do they do a soft or hard pull?
no pull, it's just an upgrade since it's phased-out.
@@TheSilverblitzwing thanks I upgraded
Hey? Why does chase keep asking for my full social security number and mother’s maiden name each time I call customer service? Makes me super uncomfortable! Is this normal? I’m not used to giving my full social on the phone and I got the freedom unlimited.
That a normal practice against fraud
Wells Fargo offers nothing with this card that you can't get elsewhere with an ethical bank. NEVER doing business with Wells.
No one can predict the future you think WF will eventually discontinue the active cash like they did to the propel ?
No, it is the first card in their new lineup, it should be around for quite a while.
Honestly 2 cards is a great simple set up. Custom Cash for 5% on biggest category and any flat 2% card for everything else. Any category that you spend less than $3k on a year will not make a big difference at the end of the year if you try to get 5% on those categories. About $7.5 a month over just using a 2% flat card. Is it worth having 5-10 cards for every category just to make a few extra dollars? Probably not. If it’s a card you only use online and don’t carry in your wallet than sure it’s worth it. But it’s not really worth remembering which card to pull out of your wallet everywhere you go.
I think a slight improvement to this is to, in addition to that 2 card simple setup you have, have 2 others cards on the side that have rotating 5% categories (discover it and chase freedom flex). That 4 credit card setup, assuming you have a 5% grocery card in your digital wallet, is the best simple setup
@@xreed8 rotating categories aren't simple. You have to remember what each card is for. Most people don't want to do that.
@@brett233 There simple enough, but i understand the point of your post, no ones discounting your point. Another really good 2 card simple setup is actually the wells fargo autograph + citi custom cash. Have a good one time.winding!
@@brett233you can’t remember to look every quarter?
I asked for a credit limit increase from my unlimited chase. They declined it because I had other cards! So I’m assuming that the 5/24 rule applies to credit limit increase as well?! Anyone know ?
It sure does
@@nothingreallymatters5381 yes it does, I just saw they started applying this in pandemic
@@nothingreallymatters5381 no it doesn’t
That’s a wild guess
I'm sure the WF card is great, but what marketing genius over at WF decided to cancel the propel line for active cash? Active Cash sounds like a medical disease. Propel was a much cooler name.
do i need to close my wells fargo platinum card after applying to active cash card?
No, you have the option to switch.
No you do not. You can upgrade with the current card that you have. The only downside is you won’t qualify for the $200 sign up bonus. You would need to apply as if you were getting a new card to get the $200. (You would have to spend $1000 first though) Hope they clarified your question.
Not sure if you covered this or if I missed it. WF states if you've opened a card with them in the past 15 months you do not qualify for the 200$ and 0 intrest. You can get the card, just not the introductory offer. That's kinda crapy.
Amex did this with me as well, i opened my amex blue cash everyday card in 2016, applied for amex delta gold in 2021 and i was not eligible for the $200 bonus after i bought a flight ticket, bastards denied me when that was 5 years prior
Heyyy
Wells Fargo 1/15 rule vs chase 5/24 rule not brought up.
Well, Wells Fargo doesn't have too many credit cards at all at the moment, so it won't come up for most. 🙂
I would not wanna get in a fight with you. Oml that thumbnail scared me to death 💀
Powerful right?
@@ProudMoney first premier would not want a piece of that Adam let me tell u 😂
I applied for that Wells Fargo but got denied
I just applied and got approved for 9k
@@chriswilson1968 congrats bro, ill probably apply again in another year or so and see what happens
Does it hurt your credit when you apply and get denied?
@@anagarcia7854 A small amount temporarily.
@@anagarcia7854 it goes away in about 1 year or something like that.
After that first year 5% grocery what does it become after.
1%
Chase Freedom Unlimited card:
Earn 5% on travel purchased through Chase Ultimate Rewards.*Same page link to Offer Details
Earn 3% on dining at restaurants, including takeout and eligible delivery services.*Same page link to Offer Details
Earn 3% on drugstore purchases.*Same page link to Offer Details
Earn 1.5% on all other purchases.*
1% is so small
That's what she said.
@@WillHal1000 % not “
@@WillHal1000 damn ha
Both of these cards sounds stupid. What average Joe is spending 12,000 dollars a year on groceries not coming from Walmart? I`m single, I may spend 150 dollars a month on groceries. Tell me, on The Year of Our Lord 11/05/2021, what card to have. I have poor credit, trying to rebuild, I don`t care about APR I carry 7& utilization. Why apply for either of these cards? Or is it just for a select few? Just wondering cause I thought Wells Fargo wasn`t giving credit cards anymore