Chase Freedom Flex℠ Credit Card Review

Chase Freedom Flex℠

Bonus Offer
$200 details
Annual Fee
$0
Intro APR
0% Intro APR on Purchases for 15 months
Regular APR
19.24% - 27.99% Variable
Rewards Rate
1x-5x Cashback
Recommended Credit Score
690 850

If you’re willing to monitor categories and spend strategically, you can really maximize your earnings with the Chase Freedom Flex Card. It provides a welcome bonus, generous cashback rewards, and rotating quarterly bonus categories with a slew of other perks.

Pros

Cons

  • Cashback limits on rotating categories
  • Good to excellent credit required

Chase Bank is offering $200 when you open a new Chase Freedom Flex℠ Details below!

How To Earn The Bonus:

  1. Apply for a new Chase Freedom Flex℠ credit card using the link below.
  2. Within 3 months, spend $500 using your new card.
  3. Bonus will be credited within 6 to 8 weeks in the form of 20,000 points, which can be redeemed for $200.

The Chase Freedom Flex℠ card is a great option for those just starting with a credit card, or for anyone wanting to earn cash back on everyday purchases.

This review will provide you with a more detailed look at this credit card, so you can decide if it’s right for you!

Chase Freedom Flex℠ Overview

The Chase Freedom Flex℠ credit card replaces the previous Chase Freedom (now no longer open to new applicants) and comes with more bonus categories and new benefits.

While it is considered to be a cash back card, you can combine the rewards on the Chase Freedom Flex℠ card with other Chase cards. This will enable you to take advantage of better rewards and perks overall.

Unlike other no-annual-fee credit cards, the Chase Freedom Flex℠ has many more benefits and high-earning categories than you may have initially anticipated.

With a variety of purchase categories on offer, the Chase Freedom Flex℠ is an excellent option for both the short and long term.

Rotating categories change each quarter, so you’ll need to pay attention to those and make sure you activate them in advance. If you don’t, then you could lose out on the quarterly bonuses that make this card so worthwhile.

You can redeem your rewards in point-form, which are worth 1 cent each. While the Chase Freedom Flex℠ card is considered a cash back card, it’s worth noting that this system is somewhat different from other cash back cards.

You can, also, transfer your points from the Chase Freedom Flex℠ to another Chase card. If you do this, you’ll be able to access various bonuses and redemption categories for that card.

Cash back rewards will never expire, so long as your account is still open and remains in good standing.

Chase Freedom Flex℠ Benefits & Perks

Let’s have a look at the main benefits and perks of the Chase Freedom Flex℠ card:

  • 5% cash back in the quarterly bonus categories, up to the first $1,500 of combined spending (must be activated in order to qualify)
  • 5% back on qualifying Lyft rides (eligible through March 2025)
  • 5% back on travel booked through CHASE® Ultimate Rewards® travel
  • 3% back on drugstore purchases
  • 3% back on dining, including takeout and certain delivery services
  • 1% on all other purchases

Your rewards points can also be redeemed for gift cards, travel, or Amazon purchases. Keep in mind that these points equate to very low cash back (e.g. Amazon purchases are only worth 0.8 cents per point).

Of course, the ultimate high-value redemption offers can be unlocked if you pair your Chase Freedom Flex℠ card with any other card in the Chase card family. That way, you can transfer points from one card to the other in order to take advantage of their perks.

With any Chase card, you also have access to Chase Credit Journey, which can help you monitor your credit score, provide real-time alerts, and more!

World Elite Mastercard Perks

As the Chase Freedom Flex℠ is a World Elite Mastercard, you can also access the perks associated with this family of cards. This includes:

  • Cell phone insurance of up to $800 per claim and $1,000 per year against theft or damage for phones listed on the cardholder’s monthly bill
  • Discounts and incentives for services such as Boxed, Fandango, ShopRunner, Lyft, and more
  • Up to $1,500 per person and $6,000 per trip for any prepaid, non-refundable passenger tickets if the trip is canceled or shortened due to weather, sickness, or other qualifying circumstances
  • Extended warranty and purchase protections of any US manufacturer’s warranty by an additional year, on certain warranties, and covers new purchases for 120 days against damage or theft, up to $500 per claim and $50,000 per account
  • Hotel perks with the Mastercard Luxury Hotel and Resorts program

Who is Chase Freedom Flex℠ Best For?

If you’re just starting out with cash back rewards or building your credit history, the Chase Freedom Flex℠ card could be an ideal credit card choice for you.

Every quarter, there are different rewards categories available- which may seem complicated at first. However, this can actually lead to great rewards! Just take your time to understand what this means and how to best utilize it.

If you’re able to pair your Chase Freedom Flex℠ with another Chase Ultimate Rewards card, you can convert your Freedom Flex rewards to Ultimate Rewards points. This will double their value.

Pros and Cons

Pros

  • No annual fee
  • Welcome bonus
  • Different bonus categories across a variety of stores
  • You may be eligible for various perks, including cell phone insurance, discounts and incentives, and hotel perks
  • Travel protection
  • No minimum to redeem for cash back
  • You can transfer points from your Chase Freedom Flex℠ card to maximize rewards

Cons

  • Good or excellent credit required
  • You have to remember to enroll in rewards categories every new quarter
  • Rewards are offered in points, rather than cash (if you opt for the cash back, it’s only worth 1 cent per point)
  • 3% foreign transaction fee
  • All travel bookings must be made through CHASE® Ultimate Rewards® to earn the 5% cash back
  • You can’t customize your rewards
  • Cash back limits in the rotating bonus categories

Chase Freedom Flex℠ Current Bonuses & Promotions

Here are some of the promotions and bonus offers going on right now:

1. Chase Freedom Flex℠ - $200 bonus

In addition to the other card perks like cash back and no annual fee, Chase is offering a $200 bonus to new Chase Freedom Flex℠ cardholders.

You will also earn 5% cash back on grocery store purchases (excluding Target® and Walmart®) on up to $12,000 spent in the first year, which equates to a possible $600 additional bonus if you max the benefit.

How to earn the bonus

The Chase Freedom Flex℠ sign up offer requires you to make purchases using the account's card in order to earn the $200 bonus. Full requirements to receive this bonus are:

  1. Apply for a new Chase Freedom Flex℠ credit card using the link below.
  2. Within 3 months, spend $500 using your new card.
  3. Bonus will be credited within 6 to 8 weeks in the form of 20,000 points, which can be redeemed for $200.

read the full terms

Rates and Fees

So what are the rates and fees associated with the Chase Freedom Flex℠ card? Here’s a complete breakdown:

  • Annual Fee: $0
  • Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
  • Balance Transfer Intro APR: 0% Intro APR on Balance Transfers for 15 months
  • Balance Transfer Regular APR: 19.24% - 27.99% Variable
  • Intro Purchase APR: 0% Intro APR on Purchases for 15 months
  • Regular Purchase APR: 19.24% - 27.99% Variable
  • Foreign Transaction Fee: 3% of each transaction in U.S. dollars

You should be aware that if you incur a balance transfer fee, make sure you pay this off before the 0% APR intro offer ends- or you could be paying a chunk of unwanted and hefty interest.

Best Alternatives to Chase Freedom Flex℠

While the Chase Freedom Flex℠ card is a great card, it may not be the best one for you and your circumstances.

Compare and contrast with other top credit card offers, and do your due diligence before you decide.

Here are a few popular alternatives to consider:

Citi®

Citi® Double Cash Card - 18 month BT offer

Bonus
up to 2% Cash Back
Account Type
Personal Card
Annual Fee
$0

Capital One

Capital One Quicksilver Cash Rewards Credit Card

Bonus
$200
Account Type
Personal Card
Annual Fee
$0

Discover

Discover it® Cash Back Credit Card

Bonus
Cash Back Match
Account Type
Personal Card
Annual Fee
$0

Frequently Asked Questions

Is the Chase Freedom Flex℠ any good?

Chase Freedom Flex℠ is one of the better cards without an annual fee attached that’s currently on offer. It also has a one-time sign-up bonus offer, which is great value! However, you should note that though it does have several cash back categories that could be worth it, most of the 1% cash back on other purchases are a bit of a dud.

Is it Hard to Get the Chase Freedom Flex℠?

While the Chase Freedom Flex℠ card is one of the easier credit cards to be approved for, you still need to have a good credit card score. If your credit rating is low or non-existent, then it will be harder for you to be approved.

Is the Chase Freedom Flex℠ Good for Beginners?

Yes, the Chase Freedom Flex℠ card is a good credit card for both beginners and those after cash back.

What is the Credit Limit on the Chase Freedom Flex℠?

The credit limit on the Chase Freedom Flex℠ can range from under $500 to over $20,000. It depends on both your income and credit history, though, on average, most credit limits tend to be between $300–$5,000.

Is Chase Freedom Flex℠ a Metal Card?

No, the Chase Freedom Flex℠ card is plastic, like most other credit cards.

Is the Chase Freedom Flex℠ Worth It?

If you have good to excellent credit, already have another credit card with Chase, and don’t plan on traveling outside the US, the Chase Freedom Flex℠ could be a great no-annual-fee card for you and your circumstances.

This is especially true if you’re able to take advantage of the quarterly rewards, or pair it with another Chase card. That way you can benefit from not only the perks of the Freedom Flex card, but others, too.

With the Freedom Flex quarterly rewards, there’s always something new on offer. However, this may not necessarily suit you and your purchasing needs.

There will never be a blanket card that will cover all of your needs, but when looking for one that’s a best fit, be sure to do your homework!

Practice due diligence, shop around, and compare cards from many different providers in order to find the best offers and suitability.