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The Chase Freedom FlexSM bank card is our favourite money again card to hit the market in years. Providing as much as 5% money again on choose mounted classes, 5% money again on rotating quarterly classes, and no annual price, this card instantly joins the ranks of the very best money again bank cards available on the market.
As if the superior earnings construction wasn’t sufficient, the brand new Freedom Flex additionally gives a $200 signup bonus once you spend simply $500 through the first 3 months your account is open. With no curiosity on purchases for the primary 15 months, the cardboard additionally doubles as a really good 0% APR card. Plus, there aren’t any minimums to redeem your money again, and it by no means expires for so long as your account stays open.
Right here’s the very best half: We’ve barely scratched the floor! Let’s take a more in-depth have a look at how the cardboard works and how one can maximize its advantages to get essentially the most worth.
Chase Freedom FlexSM Highlights
- $200 Signup Bonus – Earn a $200 bonus once you spend $500 through the first 3 months your account is open. That’s as much as 40% again in your spending!
- 5% Money Again on Rotating Classes – Earn 5% money again on the primary $1,500 of mixed purchases in bonus classes that rotate every calendar quarter.
- 5% Money Again on Journey – Earn 5% money again on journey bought via the Chase journey portal.
- 5% Money Again on Lyft – Earn 5% money again on Lyft rides via March 2025.
- 3% Money Again at Eating places and Drugstores – Earn 3% money again on purchases at drugstores and eating places (together with takeout and eligible supply providers).
- 1% Money Again on Purchases – Earn 1% money again on all different purchases.
- Introductory 0% APR – Take pleasure in no curiosity on purchases for the primary 15 months after opening your account.
- Annual Price – $0
- Be taught Tips on how to Apply
The place This Card Shines
The bank card panorama has seemed remarkably comparable for years, so it’s not typically that we get to jot down about model new merchandise. Discovering a brand new card which is value writing about is much more of a rarity. Fortunately, the brand new Chase Freedom Flex has us all types of excited.
Chase is sunsetting the unique Chase Freedom Card for brand new customers, though present cardmembers can proceed utilizing it for so long as they need. With that mentioned, the brand new Freedom Flex is successfully taking its place.
If you happen to’re a fan of the unique Freedom Card, nonetheless, worry not. The Freedom Flex gives the identical 5% money again bonus classes you’ve grown to like PLUS it gives a number of different advantages and bonus classes not discovered on the unique – together with 3% money again at drugstores and eating places (together with takeout and eligible supply providers) and 1% money again on all different purchases.
New cardmembers will earn a $200 bonus after spending solely $500 through the first 3 months. That’s an especially brief bar to clear, so there isn’t any motive to overlook out on this bonus. If you have already got a Chase Freedom card however are underneath the Chase 5/24 rule, you may apply for the brand new card (slightly improve) and likewise declare the bonus.
As with different playing cards within the Chase Freedom household, this card gives an introductory 0% APR for the primary 15 months. There is no such thing as a annual price, and your money again won’t expire so long as your account stays open.
Right here is one other huge change to notice: The Freedom Flex comes with a ton of further advantages not discovered on the unique Freedom Card. With the Freedom Flex, you’ll take pleasure in 5% off Lyft rides till March 2025 plus a complimentary 3-month membership to DoorDash Dashpass. The cardboard additionally comes with some journey insurance coverage protection once you use it to ebook journey preparations.
Chase Freedom FlexSM Quarterly Bonus Classes for 2023
As we talked about, the Chase Freedom Flex gives 5% money again on the primary $1,500 in mixed spending in sure bonus classes. These classes rotate every quarter, and each the Freedom Flex and the unique Freedom Card share the identical classes.
Up to now, classes have included purchases at Walmart, Paypal, grocery shops, streaming providers, and extra. Right here’s what we all know thus far in regards to the Chase Freedom Flex rotating classes for 2023:
| Q1 (January-March 2023) | – Grocery shops (excludes Goal/Walmart) – Health Golf equipment/Fitness center Memberships |
| Q2 (April-June 2023) | – TBD |
| Q3 (July-September 2023) | – TBD |
| This autumn (October-December 2023) | – TBD |
Keep in mind, the 5% money again bonus is barely good on the primary $1,500 in mixed purchases throughout all classes through the quarter. Additionally, you will have to “activate” the classes every quarter to be credited with the bonus.
Chase Freedom Flex Card: Be taught Tips on how to Apply >>
Tips on how to Get the Most from Your Card
Need to get the utmost quantity of worth out of your new Chase Freedom Flex card? For starters, make sure you reap the benefits of the $200 signup bonus. By spending simply $500 through the first three months you might have the cardboard, you’ll earn $200 money again. That’s as much as 40% again in your preliminary spend!
If you happen to’re new to Chase Freedom playing cards, that is tremendous easy. Simply apply for a brand new Freedom Flex card and meet the minimal spending requirement.
For many who have already got the unique Freedom Card, you may earn the bonus by making use of for a brand new card and qualifying underneath the Chase 5/24 rule. Nonetheless, for those who’re over, you may nonetheless improve your outdated card to the brand new Freedom Flex. You gained’t be eligible for the bonus, however you’ll nonetheless get to reap the benefits of all different advantages the cardboard gives – together with 5% money again on journey bought via Chase Final Rewards, 3% money again at eating places and drugstores, 5% money again on Lyft rides via March 2025, and extra.
Along with grabbing the signup bonus, maxing out the quarterly bonus classes can actually add up. So, if the bonus contains gasoline stations, make sure you use your card and earn 5% money again each time you refill. When you hit the $1,500 in mixed spending for the quarter, merely change to a different card which gives a better share of money again.
As with the opposite Chase Freedom playing cards, your money again goes even additional once you pair the Freedom Flex with considered one of Chase’s premium rewards playing cards. For instance, the Chase Sapphire Most well-liked® Card permits you to switch factors to over a dozen journey loyalty packages. This typically ends in a greater “per level” worth, stretching your money again even additional.
Different Sapphire Most well-liked Card advantages embrace 5x factors on journey purchases via Chase Final Rewards, 3x factors at eating places, no overseas transaction charges, and a 60,000 level signup bonus (value $750 towards journey) once you spend $4,000 through the first three months.
Discover ways to apply | Learn our full evaluation
The place the Card Falls Quick
There’s a lot to love in regards to the Chase Freedom Flex Card, but it surely isn’t good for each state of affairs. Right here are some things you could not like in regards to the card:
- Prices Overseas Transaction Charges – Though the journey advantages of the Chase Freedom Flex are far superior to its predecessor, it isn’t an excellent card to take with you abroad. The cardboard nonetheless fees a overseas transaction price of three%. So, whereas you should utilize your card to earn money again on journey purchases previous to leaving, it’s finest to make use of a distinct card for spending whereas your truly on the journey.
- 1% Money Again for On a regular basis Spending – The Freedom Flex is a superb card to make use of when making purchases coated by its bonus classes – and there are a variety of them. Outdoors of that, nonetheless, the cardboard solely earns 1% money again on different purchases. Whereas not dangerous, there are a number of different playing cards which earn extra on on a regular basis spending.
Options to the Chase Freedom FlexSM
The newly revamped Chase Freedom Limitless® serves as a superb various or praise to the Freedom Flex Card.
Just like the Freedom Flex Card, the Freedom Limitless gives 5% money again on journey booked via the Chase portal and three% money again at eating places and drugstores. Though the Freedom Limitless doesn’t supply rotating bonus classes, the cardboard does supply 1.5% limitless money again on all different purchases.
You’ll nonetheless get a 0% APR on purchases for the primary 15 months and there’s no annual price. Plus, you may earn a further 1.5% money again (on high of the common money again charges) on the primary $20,000 in mixed spending through the first 12 months you might have the cardboard. That introductory supply is value as much as $300 in extra money again.
Discover ways to apply | Learn our full evaluation
If you happen to love simplicity, the Capital One Quicksilver Money Rewards Credit score Card is one other nice possibility. Providing a flat 1.5% money again on all purchases, you’ll by no means have to fret about monitoring bonus classes. Simply use the cardboard for every part and earn some good money again. As a bonus, you too can earn 5% money again for resort and rental automotive bookings when utilizing the Capital One Journey portal.
The Quicksilver additionally gives a $200 bonus once you spend simply $500 through the first 3 months. You’ll pay 0% curiosity on purchases and steadiness transfers for the primary 15 months (19.24%-29.24% variable APR and a 3% price on quantities transferred throughout first 15 months after that), and there’s no annual price so it prices you nothing to strive it out.
If you happen to’re in search of a great money again card and an excellent various to the Chase model, this card is it.
Discover ways to apply | Learn our full evaluation
Chase Freedom FlexSM Card: Ultimate Ideas
If you happen to have been fearful that the Chase Freedom Flex Card wouldn’t measure as much as the unique, fear no extra. The Chase Freedom Flex knocks it out of the park.
When in comparison with different high money again bank cards, the Freedom Flex simply holds it’s personal. Providing as much as 5% money again on choose classes, no annual price, and 0% APR for the primary 15 months, this card gives the identical nice advantages you count on from the Chase Freedom product line…and way more!
Chase Freedom Flex Card: Be taught Tips on how to Apply >>
Chase Freedom Flex Card Overview Abstract
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Welcome Supply
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Earnings Price
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Money Again Worth
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Obtainable Classes
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Card Flexibility
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Annual Price
Chase Freedom Flex Card Abstract
The brand new Chase Freedom Flex bank card is definitely top-of-the-line money again bank cards out there.
With this card, you’ll earn 5% money again on journey booked via Chase Final Rewards, 3% money again at drugstores and eating places, and 1% money again on on a regular basis spending. The cardboard additionally permits you to earn a 5% money again bonus on the primary $1,500 you spend every quarter in classes that rotate. There is no such thing as a annual price and a $200 bonus out there for those who spend $500 the primary 3 months you might have the cardboard.
If you happen to’re in search of an effective way to maximise your money again advantages, the Chase Freedom Flex is it. Discover ways to apply right here.
