Chase announced their newest credit card offering, the Chase Freedom FlexSM Credit Card. This no annual fee card, lets new card members earn $200 cash back after you spend $500 on purchases in the first three months from account opening.
In addition to that, this card lets cardholders earn 5% cashback on travel purchased through Chase Ultimate Rewards, 3% cashback on dining and drugstore purchases, as well as 1% back on all other categories.
Furthermore, you also get 5% back on up to $1,500 in combined purchased in bonus categories each quarter you activate. While also receiving benefits such as cellphone insurance and a variety of bonus rewards and perks on Lyft and Boxed purchases.
Continue reading below to learn more about this card features and perks.
Table of Contents
Chase Freedom Flex Credit Card Summary
|Bonus Available||$200 cash back after you spend $500 on purchases in the first three months from account opening
Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
|*Bonus Value||$200 cash back|
|Ongoing Rewards/Benefits||5% on up to $1,500 in combined purchased in bonus categories each quarter you activate
5% on travel purchased through Chase Ultimate Rewards
3% on dining at restaurants, including takeout and eligible delivery services
3% on drugstore purchases
1% on all other categories
|Foreign Transaction Fees||3% on transaction charges|
- Welcome bonus
- Good rewards rate
- Rotating 5% cash back category
- No annual fee
- Foreign transaction fee
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
The Chase Freedom Unlimited® Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
In addition, you can earn:
• 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year.
• 5% on travel purchased through Chase,
• 3% on dining at restaurants and drugstores, and
• Unlimited 1.5% cash back on all other purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
Chase Freedom Flex Credit Card
$200 Cash Back Bonus
New cardholders can advantage of the Chase Freedom Flex Credit Card’s $200 cash back bonus offer! To qualify for the offer, you need to charge at least $500 to your card within the first 90 days of opening your account.
On top of that, you can also get 5% cash back at grocery stores (not including Target and Walmart) on up to $12,000 spent in your first year.
|• Plastiq: Plastiq allows you to pay for expenses that you generally won’t be able to with your card like rent, tuition, auto lease, mortgage payment, and more. There’s a 2.5% processing fee for using your credit card. However, this’ll be worth the card bonus you’ll get. There’s also a referral program where you can earn “Fee-Free Dollars” to use towards processing fees. See our Plastiq review.|
|• Fund Checking accounts with your card: Many banks will allow you to fund the opening deposit with a credit card. Consider opening Checking accounts that also offer a sign-up bonus. This way, you can work towards bonuses from two different sources. Big banks like Chase, HSBC, Huntington, and TD Bank have great offers and allow credit card funding. You can generally fund anywhere from $50 to $1,000 towards the opening deposit with a credit card, depending on the bank.|
|• Buy gift cards: Consider buying gift cards with your credit card that you can then spend later at your leisure. Individual merchant cards (restaurants, gas stations, supermarkets, etc.) generally don’t have purchase fees, so this is a plus. On the other hand, American Express and Visa gift cards will have purchase fees. Amazon gift cards are a great idea as you can shop for almost anything there with no purchase fees either. Unfortunately, Citi credit cards tend to code gift card purchases as Cash Advances and there’ll be a fee. Call in to customer service and lower your Cash Advance limit to $0 before purchasing gift cards. You can also buy discounted gift cards as well from Raise or find gift cards on eBay.|
|• Everyday spending & bills: Always using your credit card for everyday spending, such as for dining, gas, groceries, etc. You can also use your credit card to pay for things like insurance bills, property taxes and income taxes. However, you’ll have to consider the convenience fees.|
Earn Ultimate Rewards
In addition to the bonus rewards you earn on the rotating categories you activate, the Freedom Flex card also comes with back rates on travel purchased through Chase, dining at restaurants and drugstore spending. You can earn the following:
- 5% on Bonus Quarterly Categories: Cardholders can activate each quarter to receive 5% cash back on up to $1,500 in combined purchases on bonus categories like grocery stores, select streaming services, and more!
- 5% on Travel: Earn 5% back on travel purchases made through Chase Ultimate Rewards, including vacation and car rentals.
- 3% on Dining: Earn 3% back on dining at restaurants, including takeout and eligible delivery services.
- 3% on Drugstore: Earn 3% back on purchases made on daily essentials like medicine, toiletries, diapers and other items.
- 1% unlimited cash back on all other purchases.
|Chase Sapphire Reserve||Chase Sapphire Preferred|
|$550 annual fee||$95 annual fee|
|3x points on travel & dining
1x points on all other spending
|2x points on travel & dining
1x points on all other spending
Redeeming with Chase Freedom Flex
The cash back you earn with the Freedom Flex will come in the form of Ultimate Rewards points and it is one of the most beneficial programs out there.
Please note that the cash back rewards you earn do not expire as long as your account is open and there is no minimum to redeem for cash back. So you can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts.
You can also shop with points at Amazon. All you have to do is link your Chase Freedom Flex card to your Amazon account and instantly redeem your Cash Back rewards to pay for all or part of your eligible orders.
Not to mention, you can also redeem your cash back for a variety of gift cards and certificates, as well as booking your travel with Chase Ultimate Rewards® for competitive rates and flexible ways to pay!
However, if you want better value for your points, you’ll want to use a multi-card strategy with other Ultimate Rewards cards.
Additional Cardholder Benefits
Earn 5% cash back on Lyft rides through March 2022. That’s 4% additional cash back.
Get a complimentary 3 months of DashPass, DoorDash’s subscription service that provides unlimited deliveries for a $0 delivery fee on DoorDash orders over $12. After that you are automatically enrolled in DashPass at 50% off for the next 9 months. Make sure that you activate it by 12/31/2020. You are free to cancel after the complimentary 3 month period.
- $0 delivery fee on DoorDash orders over $12 (other fees may apply).
- Membership is typically $9.99/month, and you can cancel at any time.
Your new purchases are covered for 120 days against damage or theft up to $500 per claim and $50,000 per account when you use the Chase Freedom Flex.
Extends the time period of the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is provided for theft and collision damage for most cars in the U.S. and abroad. In the U.S., coverage is secondary to your personal?insurance.
You can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, nonrefundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered?situations.same page link to footnote reference
Travel and Emergency Assistance Services
You can get help refer you to legal, medical, and other travel emergency services if you run into a problem away from home. You will be responsible for the cost of any goods or services obtained.
How to Maximize with Chase Freedom Flex
To get the most out of your card, you can use it for most purchases that falls under the listed bonus categories above. But for other spending, use a higher flat-rate rewards card, like the Capital One® Quicksilver® Cash Rewards Credit Card.
Another way is to pool the Ultimate Rewards points you earned with the Chase Sapphire Preferred, Chase Sapphire Reserve or Ink Business Preferred® Credit Card. These cards offer more value when you use your points to book your travel in the Ultimate Rewards travel portal.
- Points are worth 25% more for Ultimate Rewards travel with Sapphire Preferred and Ink Business Preferred. So the 20,000 points are worth $250 for travel, instead of $200 with the Freedom Flex.
- Points are worth 50% more for Ultimate Rewards travel with Sapphire Reserve. So the 20,000 points would be worth $300 in travel.
You can potentially maximize your earnings with the Chase Freedom Flex card by transferring you Ultimate Rewards points to any of Chase’s airline and hotel partners. This is only available if you also hold one of the cards on which transfers are permitted.
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
|Airline Transfer Partners||Hotel Transfer Partners|
|Aer Lingus AerClub||IHG Rewards Club|
|British Airways Executive Club||Marriott Bonvoy|
|Flying Blue AIR FRANCE KLM||World of Hyatt|
|Singapore Airlines KrisFlyer|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
The Chase Freedom Flex Card is a good card for those who are always on-the-go. This no annual fee card earns in the following bonus categories for travel, dining, and drugstores.
This card is an upgraded version of the former Chase Freedom card with several beneficial factors.
This card comes with many benefits, this card is great for any business so give it a shot! Find our complete list of Credit Card Promotions today! Be sure to check back for the latest promotions from Chase Bank!
What’s the Competition?
The American Express® Gold Card offers 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
You'll have the opportunity to earn 4X Membership Rewards® points when you dine at restaurants worldwide & at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X); 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
This card has an annual fee of $250 with no foreign transaction fees. Some benefits including earning up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. In addition, a $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
The Blue Cash Preferred® Card from American Express offers a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Offer Expires 12/10/2020.
You'll earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases. In addition, you'll earn 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses & more.
The card does come with a $0 introductory annual fee for one year, then $95. (See Rates & Fees)
The Blue Cash Everyday® Card from American Express offers $200 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
You'll earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%), 2% cash back at U.S. gas stations and at select U.S. department stores, and 1% back on other purchases.
There are no annual fees with this card (See Rates & Fees).
The Chase Sapphire Preferred Card offers 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®!
You'll earn 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
This card carries a $95 annual fee.
The Chase Sapphire Reserve® offers 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.
You'll earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. When redeeming your points for travel through Chase Ultimate Rewards, you'll get 50% more value.
This card does carry a $550 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre✓®.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
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