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Chase Freedom Flex℠

Credit needed
Excellent, Good
APR
Variable: 14.99% to 24.74%
Annual Fee
$0

Card Summary

Chase Freedom Flex is a great card for those who are looking to get a lot of value, but the cashback process can be quite complicated.

Sign-up bonuses are modest and do not require any spending.

You can also get 5% cashback on select categories. After account opening, the card will offer a 0% intro APR on balance transfers and purchases for 15 months.

The APR thereafter is between 14.99% and 24.74% variable. Balance transfers are exempt from the annual fees, which can be as low as 5% or $5, and there is no additional fee. These are some of the benefits you could earn by using this card. You can get a 5% cashback on any bonus category you activate each quarter.

Receive 5% off travel bookings made through Chase Ultimate Rewards. Lyft rider through March 2022 will receive 5% off takeout, eligible delivery and dining are all covered by a 3% rebate. All other eligible purchases qualify for a 1% discount After spending $500 in the first three months of account opening, you can earn $200 cash back. You can also earn up to $12,000 cashback on groceries (but not Target, Walmart, purchases).

Chase Freedom Flex may not be the right choice for you. You may only earn 1% if you do not spend much on the bonus categories of Chase Freedom Flex.

It takes some extra effort to activate the rotating bonus category. You might consider a card that offers a flat rate of rewards on all purchases, like the American Express Cash Magnet Card.

Chase Freedom Flex may also come with a high annual percentage rate, depending on your creditworthiness. This card may not suit you if you have a lot of balance.

The pros:

Select bonus categories offer up to 5% cashback.

Sign up bonus is solid Offers a 15% introductory Intro APR on balance transfers and purchases for purchase.

Charges no annual fee.

Card Summary - Cons

You will receive a base rate of 1% in rewards. A balance transfer fee is applicable.

Rewarding you with rotating bonuses categories potentially high interest rates.

This is a great place to be: For cardholders who are looking for a variety of benefits with their credit cards. Large purchases are desirable for those who can finance them. Fee-averse consumers.

It's not great for: People who are looking for simple reward programs. Customers who are looking for big sign up bonuses. Cardholders who have a balance.

Rates and fees

Issuer Name
Chase
Penalty APR
Maximum 29.99%
Credit Needed
Excellent, Good
Balance Transfer Fee
Balance Transfer Intl APR Balance transfers for up to 15 months at 0% Intro APR Balance Transfer Fee The transfer amount must be either $5 or 5%, depending on which is higher.
Annual Fee
$0
Cash Advance Fee
You can choose to pay $10 or 5% depending on the transaction amount.
APR
Variable: 14.99% to 24.74%
Foreign Transaction Fee
Each transaction is charged 3% in U.S. Dollars.
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The Best Features

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

After you have spent $500 in the first three months of your account opening, earn a $200 bonus. Up to $12,000 in first-year grocery store purchase eligible for 5% cashback each quarter, you will receive 5% cashback on purchases up to $1500 combined in bonus categories.

Each quarter, you will receive new 5% categories! Get 3% Cash Back on Dining at restaurants, takeout, and eligible delivery services. Buy Drugstore Products and Get 3% cash back.

Chase Ultimate Rewards offers a 5% cashback on purchases made through Chase Ultimate Rewards, and 1% for all other purchases.

For purchases or balance transfers within 15 months of account opening, 0% Intro APR. After that period is up there's a variable APR between 14.99 and 24.74%.There is no annual charge

Benefits

Purchase protection is one of the premium benefits. It protects purchases up to $500 against theft and damage. You can also get an additional year warranty if you buy an item that has a three-year manufacturer's warranty. Contactless technology is built into the card to allow tap-and go payment. It is also the technology used by Apple Pay and digital wallets. If you have this card, you can also get cellphone protection up to $800 per case and $1,000 per annum if your bill is paid with it.
There is a $50 deductible for each claim. You may file two claims within a 12-month time frame. Chase Freedom Flex includes three months free of Dash Pass for use with Door Dash or Caviar's food delivery apps. The subscription must be activated before December 31, 2021. Cardholders who have not used their three-month period will continue to receive Dash Pass for 50% up to nine months. Additional travel benefits include emergency and travel assistance, waivers for auto rental collision damage, trip cancellation and interruption insurance, as well as travel and travel services.

Comparative Analysis with Other Cards

What is the Chase Freedom Flex(sm), and how does it compare with other credit cards?

Chase Freedom Flex or Blue Cash Preferred Card From American Express: Which one is better?

Chase Freedom Unlimited vs. Chase Freedom Flex: Which one is better?

Chase Freedom Flex (sm) vs Citi Double-Cash Card Chase Freedom Flex vs. American Express Blue Cash Preferred card.

Chase Freedom Flex is a great card if you are looking for one with an annual fee. American Express Blue Cash Preferred Card offers $0 in introductory fees, and $95 thereafter. These terms apply.

American Express Blue Cash Preferred Card cardholders may earn higher rewards than Chase Freedom Flex cardholders, however it all depends on where you spend the most money.

Chase Freedom Unlimited vs. Chase Freedom Flex

The cards do not have an annual fee. However, they each charge variable APRs of 14.99% to 24.74% depending on your creditworthiness. After a $0 initial APR for 15 month, neither card has any additional fees.

Rewards: Cardholders can earn $200 bonuses if they spend $500 in the first three months after opening an account. The rewards system for both cards is complex. It may be difficult to choose the right card depending on how you spend. Chase Freedom Flex gives you 5% cashback on purchases up to $1500 that are combined in bonus categories every quarter you activate. Chase Freedom Unlimited doesn't offer any rotating bonus categories but does offer 1.5% cashback on all purchases not in its bonus categories.


Citi(r), Double Cash Card or Chase Freedom Flex Citi, Double Cash Card offers a simpler cash back program with no category. Chase Freedom Flex offers a simpler cash-back system but could prove to be worthwhile for cardholders who shop in eligible categories.

Consumers who are looking for a big sign-up bonus would find a card that suits their needs. The Citi double cash card does not offer a sign up bonus. However, Chase Freedom Flex has a small sign-up bonus.

Reward yourself Value of first-year rewards: $342.

Value of the first-year cashback bonus: $200

Value of first-year incentives: $542

Each quarter, you'll receive 5% cashback on any rotating bonus category that you activate.

The Chase Freedom credit cards have had bonus categories that included home improvements stores, gas stations and tolls. They also offered discounts for wholesale clubs, Chase Pay purchases, Chase's digital wallet, and other services.

Additional earnings include: 5% off travel bookings through Chase Ultimate Rewards; 5% on Lyft rides up to March 2022; 3% on purchases at restaurants and pharmacies; and 1% on any other eligible purchases.

If you are a frequent spender in various categories, and enjoy the challenge of finding ways to increase your reward points, this rewards system can work well for you. The card has no annual fees and allows you to keep any cash you earn. However, you must not carry a balance or incur interest.

Chase Freedom Flex has a 0% promotional APR. No interest will be charged on purchases for up to 15 months. After that, the APR is 14.99% – 24.74% variable depending on creditworthiness.

This card will allow you to pay interest free if you are looking to purchase a large-ticket item. The ongoing APR may be very high so make sure you have zero balance at the end of the promotion period.

Chase Freedom Flex does not charge an annual fee. This can make Chase Freedom Flex a preferred choice for credit card holders. This fee could bring you more value depending on how much you spend.

Balance Transfer Fee: This fee is additional to your card and can be a 5%, or $5 minimum.

Foreign transaction fees: This card charges an additional 3% for foreign transactions.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

Chase Freedom Flex: Should you get it?

If you are: You prefer to not pay an annual fee. You will need a introductory 0% Intro to APR 15-months from the account opening for purchases and balance transfer. You are open to a variety of reward options and will do the work required to redeem them.
This card is not recommended for international travel.

Questions about Chase Freedom Flex

What is Chase Freedom Flex? What is the Chase Freedom Flex Credit Score?

Qualification Chase Freedom Flex is only available to those with excellent or good credit. This is a minimum FICO score 670.

Which Chase Freedom Unlimited is better?

Chase Freedom Flex receives bonus cashback on quarterly rotating bonus category, while Chase Freedom Unlimited does not offer rotating bonus category.

What is Chase Freedom Flex?

Chase Freedom Flex Mastercard.

Can Chase Freedom Flex be considered a good card?

Chase Freedom Flex offers consumers a wide range of benefits and a 0% Intro APR for 15 months after account opening. Balance transfers, purchases, and other transactions are free.

The sign-up bonus may not be worth much, as the rewards system is too complex for many people.

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