What Is Chase Freedom Flex Credit Card, Anyway?

By | September 5, 2021

Owning a cashback card can be advantageous for you if your spending habits change during the pandemic. Launched last year, the Chase Freedom Flex Credit Card offers you rich and lucrative cashback offers that tend to change each quarter. This Cashback Credit Card is a product of the collaboration of Chase Bank and MasterCard, thereby offering you which adds up another lucrative range of World Elite MasterCard Benefits.

The Chase Freedom Flex Credit Card offers you an excellent opportunity to earn a rich and lucrative range of cashback rewards. These include the following Cashback offers:

  • 5% Cashback Reward on purchases made up to $1,500 within each quarter in each category.
  • 5% Cashback Reward on Grocery Purchases made (with an annual spending cap of $12,000).
  • 5% Cashback Reward on Travel Purchases made through Chase Ultimate Rewards.
  • 3% Cashback Reward on Dine-in & Dine-out services.
  • 3% Cashback on purchases made at Drugstores.
  • 1% Cashback Reward on all other purchases.

What’s Ahead

  1. Highlights
  2. Rates & Fees
  3. Why might you want to go for Chase Freedom Flex Credit Card?
  4. Why Chase Freedom Flex Credit Card sucks ?
  5. Chase Freedom Flex Vs Discover It: Quick-Comparison.
  6. Chase Freedom Flex Vs Chase Freedom Unlimited Credit Card.
  7. Chase Freedom Flex Card Vs Citi Double Cash Card
  8. Chase Freedom Flex Credit Card Vs Blue cash preferred Card American express
  9. Bottom-line: Is Chase Freedom Flex worth it?

Chase Freedom Flex Credit Card
Chase Freedom Flex Credit Card

Highlights

  • You can earn a cashback reward of 5% on purchases made at grocery shopping with a spending cap of $12,000(Walmart is not included).
  • Sign-up bonus of $200 on spending $500 within the first three months of account opening.
  • 0% introductory APR for new cardholders for the first 15 months.
  • Regular APR of 14.99%-23.74%.
  • 3% Foreign Transaction Fees
  • No minimum limit to redeem Cashback.

Pros and Cons of Chase Freedom Flex

Pros

  • No Annual Fees
  • 1% cashback on every spends.
  • 5% cashback on Rotating categories.
  • 5% cashback on Travel booking.
  • Cash Back rewards never expire
  • Low intro APR
  • Mastercard World Elite benefits

Cons

  • 3% foreign Transaction Fees
  • You need to Book Travel through Chase to earn 5% cash back.
  • Rotating categories cashback spends is limited to $1500.

Full Review

Here are the full review about Chase Freedom Flex.

Rates & Fees

TypesAmount ($)
Joining Fees$0
Annual Fees$0
Balance Transfer Fees$5 or 5%, whichever is higher, is charged
Foreign Transaction Fees3%
Introductory APR0% for first 15 months of Account Opening
Regular APRVariable APR ranging from (14.99%-23.74%) is charged.
Late PenaltyUp to $39
Returned PaymentUp to $39
Charge and Fees Table

Why might you want to go for Chase Freedom Flex Credit Card?

Below are the reason to go for Chase Flex card.

(1).Dynamic Range of Cashback Rewards

Chase Freedom Flex offers you a dynamic range of Cashback Rewards on purchases made by you, which can be a great deal for you; these include the following:

  • 5% Cashback Reward on Grocery Shopping (with an annual spending cap of $12,000)
  • 5% Cashback Reward on Eligible Purchases in rotational expenditure categories ( Please refer to Table Number 1).
  • 5% Cashback Reward on Travel Purchases via Chase
  • 3% Cashback on Dine-in/Dine-out and Drugstores
  • 1% Cashback on all other purchases.

(2).Generous Sign-up Bonus of $200.

Fortunately, the Chase Freedom Flex offers you a robust welcome bonus of $200. After spending $500 within the first quarter of account opening, you earn a cashback reward of $200. In comparison with other cash back credit cards, this welcome bonus is quite generous.

(3).No-Annual Fees.

In addition to the generous rewards and perks, this card has another benefit of no.
Annual Fees. This alone can save you hundreds of dollars.

(4).No Introductory APR

Chase Freedom Flex gives you a long relief from the hefty interest rates by offering you an introductory APR applicable for the first 15 months of account opening. Then onwards, the Regular APR of 14.99%-23.74% is applicable.

Additional Perks

(5). Auto Rental Collision Damage Waiver.

Chase Freedom Flex offers you secondary coverage for your Auto Rental when you decline the rental company’s collision insurance and charge the entire rental cost to your card.

(6).Warranty Extension and Purchase Protection

Chase Freedom Flex extends the warranty period of the Us manufactured goods by adding an additional year on an eligible warranty of three years or less. Moreover, your new purchases are covered for four months against damage or theft up to $500 per claim and $50,000.

(7).Door Dash

As you acquire your Chase Freedom Flex Credit Cashback Card, you get a complimentary subscription of Door-Dash service that provides you unlimited deliveries for no delivery fees on eligible orders over $12 (other fees may be applicable). After that, you are automatically enrolled in Dash-Pass at 50% off for the next 9 months.

(8).World Elite Concierge

As a cardholder of the Chase Freedom Flex, you get a complimentary 24/7 concierge service that helps you plan vacations, book dine-in reservations, find gifts and more.


Why Chase Freedom Flex Credit Card sucks?

(1).Foreign Transaction Fees

The Chase Freedom Credit Card charges you a foreign transaction fee of 3%. Several
Credit Cards that do not charge you an annual fee do not charge you any foreign transaction fee. This can add up a sizeable amount if you travel internationally.

(2). Mediocre Cashback Reward on All Other Purchases

The Chase Freedom Flex offers you a cashback reward of 1% on all other purchases.

However, considering the higher cashback reward rates in select categories, along with
other perks, it is not a major drawback.

(3).Must Activate Quarterly Rotational 5% Cashback Categories

The 5% Quarterly Rotational Cashback Categories require activation to avail that particular benefit quarter by quarter. So, it’s best to set a calendar reminder for that
Category, which requires some extra work to do.

(4).5% Cashback on Rotational Categories is Limited.

The 5% Cashback Rotational Categories have a spending cap of $1,500 in accumulated purchases each quarter. Then onwards, you start earning a Cashback Reward of 1%.


Best Alternative of Chase Freedom Flex Card.

We analyzed chase Flex Credit card with many credit card in the market, here are the best alternative of this card.

  1. Discover it® Cash Back Credit Card.
  2. Chase Freedom Unlimited® Credit Card
  3. Citi® Double Cash Card
  4. Blue Cash Preferred® Card from American Express

# 1.Chase Freedom Flex Vs Discover it® Cash Back Credit Card. : Quick Comparison.

Fees & RatesChase Freedom FlexDiscover it Cash back Credit Card
Welcome Bonus/Sign-up Bonus$200 on purchases of $500 made within the first 3 months of Account Opening. None
Cashback Rewards* 5% on Travel, Grocery, and Select Category each quarter.

* 3% Cashback Reward on Dine-in, Drugstores.

* 1% Cashback on all other purchases.
5% Cashback on purchases up to $1,500 made within the first 3 months of Account Opening, then 1% unlimited Cashback is Applicable.
Intro APR0% APR for 15 Months0% APR for 14 Months
Regular APRVariable 14.99%-23.74%Variable 11.99%-22.99%
Annual Fee0%0%
Foreign Transaction Fees3%0%

However, the remarkable things that make the difference include the 5% Cashback offered by both and the spending cap. Chase Freedom offers you a 5% Cashback Reward on Travel, Grocery (Grocery Purchase have an annual spending cap of $12,000 ), Rotational Quarterly Categories, which offers way more utility than the 5% Cashback Rewards on all other purchases (within the spending cap of $1,500 each quarter), then onwards a Cashback Reward of 1% on all other purchases is applicable.

Moreover, Chase Freedom Flex offers you a slightly longer 0% APR period of 15 months compared to 14 Months time period of Discover It.

Discover It has the upper hand in terms of the lower Regular APR (11.99%-22.99%) compared to the Regular APR (14.99%-23.74%). Another upper hand of Discover It is that it does not charge you any penny for Foreign Transaction Fee. Moreover, Discover offers you some of the finest Customer Care Experiences. It is ranked second in the JD Power’s Study of Customer Satisfaction provided by all the credit card issuers.

# 2. What’s the difference between Chase Freedom Unlimited and Chase Freedom Flex?

They have comparable names and some interchangeable features. However, The contrast between the two is how they earn rewards accelerated 5% categories. The Freedom unlimited credit card offers unlimited flat 1.5% cash back on every dollar spent, however on other hand, The Chase Freedom Flex℠ card offers 5% back on categories that rotate each quarter, up to $1,500 in spending. Here is difference in details.

Chase Freedom Flex vs Chase Freedom Unlimited Credit Card.

Fees & RatesChase Freedom Flex Credit CardChase Freedom Unlimited Credit Card
Welcome Bonus/Sign-up Bonus$200 on purchases of $500 made within the first 3 months of Account Opening. *$200 bonus plus 5% cash back grocery store offer when you spend at least $500 within the first 3 months of Account Opening.
Cashback Rewards* 5% on Travel, Grocery, and Select Category each quarter. Up-to $15,00

*5% cash back on travel purchased through Chase Ultimate Rewards.

* 3% Cashback Reward on Dine-in, Drugstores.

* 1% Cashback on all other purchases.
*5% cash back on travel purchased through Chase Ultimate Rewards.

* 3% cash back on dining at restaurants, including takeout and eligible delivery services.

* 3% cash back on drugstore purchases.

* 1.5% cash back on all other purchases.
Intro APR0% APR for 15 Months 0% APR for 15 Months
Regular APRVariable 14.99%-23.74%Variable 11.99%-22.99%
Annual Fee0%0%
Foreign Transaction Fees3%3%
How to use rewards*No minimum to redeem for cash back.

*Cash Back rewards do not expire as long as your account is open.
*No minimum to redeem for cash back.

*Cash Back rewards do not expire as long as your account is open.
Additional Benefits*5% Cash Back calendar

*Service & protection
Service & protection
ApplicationClosed NowYou Can Apply Now

The main difference between both card are Unlimited Rewards Point and 5% cashback on rotating categories.

Chase Freedom Unlimited Credit Card offer a solid 1.5% flat rate on ‘everything else. In contrast, Chase Freedom Flex Credit Card offers1 % cashback on other expenses and 5% cashback in rotating categories.

So, which credit card is best, “Chase Freedom Flex℠ and the Chase Freedom Unlimited “?

If you want to choose between both the card, then you have decided your Spending habits and how much time you have for managing your card:

First, Look into the Chase Freedom Flex Bonus Reward Categories. If you have major expenses in the above categories, Chase Freedom might be the best credit card for you because you will get 5% cashback on your major expenses. 

In contrast, Chase Freedom Unlimited® doesn’t require much effort to managing spends. They give you Unlimited Flat 1.5% cashback on every spending regardless of category. You do need to spends in pre-specified categories to earn accelerated cashback.

In Brief, Chase Freedom Unlimited is best for you if you love flat and simple cashback without much hassle, and Chase Freedom is best if you want to manage credit card spend with the goal to earn great rewards.

#3. Chase Freedom Flex Card Vs Citi® Double Cash Card

Fees & RatesChase Freedom Flex Credit Card Citi® Double Cash Card
Welcome Bonus/Sign-up Bonus$200 on purchases of $500 made within the first 3 months of Account Opening. $750 Cashback if you spend at least $7,500 within the first 3 months of your account opening date.
Cashback Rewards* 5% on Travel, Grocery, and Select Category each quarter. Up-to $15,00

*5% cash back on travel purchased through Chase Ultimate Rewards.

* 3% Cashback Reward on Dine-in, Drugstores.

* 1% Cashback on all other purchases.
(A).5% Cashback Reward on purchases made up to $25,000 of Office Supplies, Cable, Internet, Phone Purchases each account anniversary year.

(B). 2% Cashback Reward on purchases up to $25,000 made at Restaurants & Gas Stations.

(C).1% Cashback Reward on all other purchases made.
Intro APR0% APR for 15 Months 0% APR applicable for the first 12 months
Regular APRVariable 14.99%-23.74%Variable 15.49%-21.49%
Annual FeeNilNil
Foreign Transaction Fees3%3%
How to use rewards*No minimum to redeem for cash back.

*Cash Back rewards do not expire as long as your account is open.
Cash Back rewards do not expire as long as your account is open.

For those who like flat-rate cash back on the credit card, Citi Double Cash Card could be the best credit card. Citi® Double Cash Card offer flat 2% cashback on everything without any limit. 1% when you spends and 1% and another 1% when you pay credit card dues within the given time. You do need to manage rotating category caps to earn accelerated rewards.

However, depending on your spending habit, Freedom Flex might give you a better value proposition than Citi Double Cash’s flat-rate 2% cashback due to additional earning on rotating categories.

#4. Chase Freedom Flex Credit Card Vs Blue cash preferred Card American express

Fees & RatesChase Freedom Flex Credit Card Blue cash preferred Card American express
Welcome Bonus/Sign-up Bonus$200 on purchases of $500 made within the first 3 months of Account Opening. $300 on purchases made worth $3000 within the first six months of account opening.
Cashback Rewards* 5% on Travel, Grocery, and Select Category each quarter. Up-to $15,00

*5% cash back on travel purchased through Chase Ultimate Rewards.

* 3% Cashback Reward on Dine-in, Drugstores.

* 1% Cashback on all other purchases.
(A).Variable Cashback of 6% on Grocery & Streaming Services,

(B).3% Cashback on Transit & Gas Stations, 1% Cashback on other purchases.
Intro APR0% APR for 15 Months0% APR for 12 Months
Regular APRVariable 14.99%-23.74%Variable 13.99%-23.99%
Annual FeeNil$95
Foreign Transaction Fees3%2.7%

First Check, your budget. If your annual budget mostly consists of cooking at home and getting around locally, then a Blue cash preferred Card from American Express might be the best Card for you. However, the only drawback of Blue cash preferred Card is, they charge annual fees of $95 from the second year onwards.


Chase Freedom Flex Bonus Reward Categories for 2021

Period (in terms of Quarters)Spending Categories Covered
Quarter-1 (January 1- March 31)* Wholesale Clubs

*Selected Streaming Services

*Internet, Cable, and Phone Services.
Quarter-2 (1st April-30th June)*Gas Stations

* Home Improvement Stores

Quarter-3 (1st July-30th September)*Grocery Stores

* Selected Streaming Services
Quarter-4 (1st October-31st December)To be Declared (To be activated on September 15 2021)

How to Redeem Rewards

Chase Bank offer multiple redemption options. Their rewards point never expire long as your account is open and remains in good standing with Bank. Below are the Freedom Flex rewards option, that includes.

S. NoTypesRewards Rate
1Travel booked on Chase Ultimate1%
2Statement credit1%
3Direct deposit1%
4Gift cards1%
5Amazon purchases0.8%
Chase Rewards Option

Pro Tips: You have the option to maximize your earnings by transferring your Ultimate Rewards point to airline and hotel partners, such as United, Southwest Airlines and Hyatt.

MoneyNiti

What credit score do you need for the Chase Freedom Flex?

It would help if you had a good to excellent credit score to get approved for a Chase Freedom Flex credit card. Normally, a Credit Score of more than 690 or better is considered a Good Credit score. However, only a Good Credit score is not sufficient for getting approved for this credit card. Your Annual Income will also play a big part.

Bottom-Line: Is Chase Freedom Flex worth it?

Chase Freedom Flex Credit Card

Chase Freedom Flex is one of the unique cashback cards in the 5% Cash Card Category. It's a Diverse Range of Cashback Rewards, Its Quarterly Rotational Cashback Rewards, its welcome bonus of $200 on purchases of $500 within the first quarter of account opening. The no annual fee makes it one of the best cashback credit cards.

Editor's Rating:
4.9

Discover it is one of the best Cashback Cards if you want a low maintenance cost card that probably offers the highest cashback reward per penny since it has a spending cap of $1,500 each quarter. Moreover, suppose you prefer one of the finest Customer Care Services, Lower APR, No Foreign Transaction. In that case, you might be better off with Discover It.

If you Loved reading this, Share with someone you care!

Leave a Reply

Your email address will not be published. Required fields are marked *