Chase Freedom Flex Review | A Multi-Reward Cash Back Card
Chase Freedom Flex is great for frequent travelers who want to earn rewards without the burden of an annual fee.
Chase Freedom FlexRating: 3.75 out of 5 stars
The Chase Freedom Flex credit card offers a decent welcome bonus, long introductory rate period, as well as bonus cash back in popular spending categories like wholesale clubs, streaming services, internet, cable and phone services, groceries, fuel, and more. These bonus categories rotate and require activation each quarter but if you don't mind that you can earn quite a bit of cash back.
The perks for this card are strong, considering it has no annual fee.
Best for rotating category cash back
Annual Fee: $0
Intro Offer/Welcome Offer: $200 cash back after spending $500 in the first three months
Intro APR: 0% intro APR for 15 months from account opening on purchases
Regular APR: 14.99% to 23.74%
Credit Score Requirements: Good to Excellent (670 - 850)
OUR RATING 3.75 stars out of 5
Why We Love the Chase Freedom FlexSM Card
The Chase Freedom FlexSM credit card offers bonus cash back in popular spending categories like wholesale clubs, streaming services, internet, cable and phone services, groceries, fuel, and more.
This Chase card also comes with a decent sign-up bonus offer – especially for a no-fee credit card.
Highlights of the Chase Freedom FlexSM Card
$200 cash back bonus when you spend $500 on your card in the first three months
5% cash back on quarterly rotating categories (activation required)
5% cash back on travel purchases through Chase Ultimate Rewards
5% cash back on Lyft rides (through March 2022)
3% cash back on dining and drugstore purchases
1% on all other purchases
0% Introductory APR offer on purchases for 15 months
No annual fee
Who Chase Freedom FlexSM Card Is Best for
Chase Freedom FlexSM is great for frequent travelers who want to earn rewards without the burden of an annual fee. You earn an incredible 5% cash back on travel purchases through Chase Ultimate Rewards as well as other travel perks like trip cancellation/interruption insurance, rental car insurance, and no foreign transaction fees. Although it’s touted as a cash back card, rewards come in the form of Ultimate Rewards points. Redeem your points for cash back via statement credits, travel, and more.
Chase Freedom FlexSM is also great for individuals who want to maximize their rewards. You can pair your Freedom FlexSM card with one of Chase’s premium travel rewards cards (like Chase Sapphire Preferred® or Chase Sapphire Reserve®.
While Chase Freedom FlexSM doesn’t allow you to transfer rewards to partner programs, for more redemption options, you can combine your points with a Chase card that does. Pairing Chase cards allows you to use higher earning categories so your spending can earn you the most points possible.
The Full Breakdown of the Chase Freedom FlexSM Card
The Chase Freedom FlexSM card is a favorite among cash back enthusiasts. The potential for earning rewards is great, especially if the rotating categories align with your spending habits.
The Chase Freedom FlexSM credit card carries no annual fee. That means all of your cash back earnings are yours to keep and redeem as you wish.
Intro APR Offer
For the first 15 months, Chase Freedom FlexSM comes with a 0% intro APR on purchases. Intro APR offers allow you to make purchases now and pay them off over time. Note: The introductory APR offer does not apply to balance transfers.
Once the introductory period ends, the ongoing variable APR on purchases ranges from 14.99% to 23.74%, based on creditworthiness. The variable APR on balance transfers is also between 14.99% and 23.74%.
When you spend $500 on purchases within the first three months, the Chase Freedom FlexSM card comes with a $200 cash back welcome bonus. Individuals who've already received a new cardmember bonus for this card in the past 24 months aren’t eligible.
Credit Score Requirements
To qualify for the Chase Freedom FlexSM card, you should have a good-to-excellent FICO credit score (between 670 - 850). You can potentially improve your credit score and avoid costly late fees by paying off your full balance on time each month.
Point Conversion/ Redemption
Cash back rewards for the Freedom FlexSM card come in the form of Ultimate Rewards points. Each point is worth approximately $0.01, depending on the redemption.
You can redeem points for several different redemptions, including:
Cash back through a statement credit
There is no minimum redemption amount to redeem cash back. You can also combine your points with other Chase credit cards that are connected to the Ultimate Rewards program, like Chase Sapphire Preferred, Chase Sapphire Reserve, and Ink Business Preferred.
In addition to cash back rewards, the Freedom FlexSM card comes with a short list of other useful perks like:
Cardholders get access to special discounts and perks with Chase Partners like DoorDash and Lyft.
Free Credit Score
The Chase Freedom FlexSM card gives you access to Credit Journey, a program designed to help you monitor and build your credit. You can access your weekly credit score and set up credit alerts for free.
Cell Phone Protection
Use your Freedom FlexSM card to pay your monthly cell phone bill – you’ll be covered up to $800 per claim and $1,000 total annually against theft and damage.
Trip Cancellation/Interruption Insurance
On select prepaid fare, receive a reimbursement for up to $6,000 ($1,500 per person) on trips cut short by cancellation, sickness, severe weather, and other covered circumstances.
Auto Rental Collision Damage Waiver
Receive secondary auto insurance coverage when you decline the rental company’s insurance and pay with your FlexSM card. Note: This only protects against theft and collision, not liability.
Chase Freedom FlexSM offers tons of value, considering that it comes with no annual fee. Other benefits of this card include:
Travel and Emergency Assistance Services
Extended Warranty Protection
Foreign Transaction Fees
While Chase Freedom FlexSM is an excellent card for frequent travelers, it does carry a 3% foreign transaction fee on all international purchases. If you’re outside of the US, you’re better off using a card that doesn’t charge a fee for purchases.
Your Chase cash back rewards never expire as long as your account is open. There’s also no minimum redemption required so you can redeem points immediately or save them up over time.
Customer Service/Ease of Access
Phone support is available from Chase 24/7. You can also send secure messages through your online account, message the Chase Facebook page, or tweet @ChaseSupport on Twitter.
How The Chase Freedom FlexSM Card Compares to Others
Chase Freedom FlexSM vs. Citi Double Cash
For those looking to earn the same cash back rate – regardless of spending category – there is Citi Double Cash®. This Citi card earns cash back two ways: You earn 2% cash back on all purchases then an extra 1% cash back as you pay for those purchases. There’s no cap on the cash back you can earn.
Instead of an intro APR offer for purchases, Citi® Double Cash offers 0% APR on balance transfers for the first 18 months.
Like Chase Freedom FlexSM, Citi Double Cash has no annual fee. Both cards are solid choices, so your decision may come down to the rewards structure that better matches your spending habits.
Chase Freedom Unlimited vs. Flex
Chase Freedom Unlimited is another Chase cash back card to consider. This Chase card comes with the same welcome bonus as the Freedom FlexSM card. It also earns 5% cash back on travel purchases, 3% cash back on dining, and 3% cash back on drugstore purchases.
The rewards rates are similar, with a couple of exceptions: Freedom Unlimited has no rotating spending categories and earns 1.5% cash back on all other purchases (instead of the 1% offered with the Freedom FlexSM card).
Chase Freedom Unlimited also comes with an Intro APR offer on purchases for the first 15 months. Chase Freedom Unlimited is another top credit card to consider if you like cash back rewards with no annual fee.
Is The Chase Freedom Flex Card Worth It?
Chase Freedom FlexSM is among the best cash back cards on the market, but there are benefits and drawbacks to consider before applying:
Chase Freedom FlexSM Pros
No annual fee
Substantial welcome bonus
Lengthy intro APR offer
Higher rewards rates in popular spending categories
Chase Freedom FlexSM Cons
3% foreign transaction fees
Spending categories need activation every quarter
Our Final Take on the Chase Freedom FlexSM Credit Card
Chase Freedom FlexSM is a solid choice if you’re in the market for a new cash back credit card. As mentioned, it’s a great card for domestic travelers, but it’s also great if you frequently dine out or use food delivery services. Its intro APR offer might be longer than many cards, but longer offers exist elsewhere, too.
Keep in mind that, to qualify for the higher rates, you’ll need to activate rotating spending categories each quarter. Only sign up for this card if you spend in the categories where it earns the most.
Table of Contents
- Best for rotating category cash back
- Why We Love the Chase Freedom FlexSM Card
- Highlights of the Chase Freedom FlexSM Card
- Who Chase Freedom FlexSM Card Is Best for
- The Full Breakdown of the Chase Freedom FlexSM Card
- How The Chase Freedom FlexSM Card Compares to Others
- Is The Chase Freedom Flex Card Worth It?
- Our Final Take on the Chase Freedom FlexSM Credit Card