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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 fastened classes, 5% money again on rotating quarterly classes, and no annual payment, this card instantly joins the ranks of one of the best money again bank cards available on the market.
As if the superior earnings construction wasn’t sufficient, the brand new Freedom Flex additionally provides a $200 signup bonus whenever 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 are not any minimums to redeem your money again, and it by no means expires for so long as your account stays open.
Right here’s one of the 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 whenever 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 by the Chase journey portal.
- 5% Money Again on Lyft – Earn 5% money again on Lyft rides by 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 – Get pleasure from no curiosity on purchases for the primary 15 months after opening your account.
- Annual Payment – $0
- Be taught The best way 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 write 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 want. With that stated, the brand new Freedom Flex is successfully taking its place.
In case you’re a fan of the unique Freedom Card, nonetheless, concern not. The Freedom Flex provides the identical 5% money again bonus classes you’ve grown to like PLUS it provides 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 below the Chase 5/24 rule, you possibly can apply for the brand new card (somewhat improve) and likewise declare the bonus.
As with different playing cards within the Chase Freedom household, this card provides an introductory 0% APR for the primary 15 months. There is no such thing as a annual payment, and your money again won’t expire so long as your account stays open.
Right here is one other large change to notice: The Freedom Flex comes with a ton of extra advantages not discovered on the unique Freedom Card. With the Freedom Flex, you’ll get pleasure from 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 whenever you use it to e book journey preparations.
Chase Freedom FlexSM Quarterly Bonus Classes for 2023
As we talked about, the Chase Freedom Flex provides 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.
Previously, classes have included purchases at Walmart, Paypal, grocery shops, streaming providers, and extra. Right here’s what we all know to date in regards to the Chase Freedom Flex rotating classes for 2023:
| Q1 (January-March 2023) | – Grocery shops (excludes Goal/Walmart) – Health Golf equipment/Health club 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 simply 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 The best way to Apply >>
The best way to Get the Most from Your Card
Wish to get the utmost quantity of worth out of your new Chase Freedom Flex card? For starters, make sure to make the most of the $200 signup bonus. By spending simply $500 through the first three months you’ve gotten the cardboard, you’ll earn $200 money again. That’s as much as 40% again in your preliminary spend!
In case you’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 possibly can earn the bonus by making use of for a brand new card and qualifying below the Chase 5/24 rule. Nevertheless, for those who’re over, you possibly can nonetheless improve your outdated card to the brand new Freedom Flex. You received’t be eligible for the bonus, however you’ll nonetheless get to make the most of all different advantages the cardboard provides – together with 5% money again on journey bought by Chase Final Rewards, 3% money again at eating places and drugstores, 5% money again on Lyft rides by 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 to use your card and earn 5% money again each time you replenish. When you hit the $1,500 in mixed spending for the quarter, merely swap to a different card which provides the next proportion of money again.
As with the opposite Chase Freedom playing cards, your money again goes even additional whenever you pair the Freedom Flex with one in every of Chase’s premium rewards playing cards. For instance, the Chase Sapphire Most popular® Card lets you switch factors to over a dozen journey loyalty packages. This typically leads to a greater “per level” worth, stretching your money again even additional.
Different Sapphire Most popular Card advantages embody 5x factors on journey purchases by Chase Final Rewards, 3x factors at eating places, no overseas transaction charges, and a 60,000 level signup bonus (value $750 towards journey) whenever you spend $4,000 through the first three months.
Discover ways to apply | Learn our full overview
The place the Card Falls Quick
There’s a lot to love in regards to the Chase Freedom Flex Card, however it isn’t excellent for each scenario. Right here are some things chances are you’ll not like in regards to the card:
- Expenses International Transaction Charges – Though the journey advantages of the Chase Freedom Flex are far superior to its predecessor, it isn’t an amazing card to take with you abroad. The cardboard nonetheless expenses a overseas transaction payment of three%. So, whereas you should utilize your card to earn money again on journey purchases previous to leaving, it’s greatest to make use of a special card for spending whereas your truly on the journey.
- 1% Money Again for On a regular basis Spending – The Freedom Flex is a good card to make use of when making purchases coated by its bonus classes – and there are numerous them. Outdoors of that, nonetheless, the cardboard solely earns 1% money again on different purchases. Whereas not unhealthy, there are a number of different playing cards which earn extra on on a regular basis spending.
Alternate options to the Chase Freedom FlexSM
The newly revamped Chase Freedom Limitless® serves as a wonderful various or praise to the Freedom Flex Card.
Just like the Freedom Flex Card, the Freedom Limitless provides 5% money again on journey booked by 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 payment. Plus, you possibly can earn an extra 1.5% money again (on high of the common money again charges) on the primary $20,000 in mixed spending through the first yr you’ve gotten the cardboard. That introductory supply is value as much as $300 in more money again.
Discover ways to apply | Learn our full overview
In case you 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 all the things and earn some good money again. As a bonus, you may also earn 5% money again for lodge and rental automotive bookings when utilizing the Capital One Journey portal.
The Quicksilver additionally provides a $200 bonus whenever you spend simply $500 through the first 3 months. You’ll pay 0% curiosity on purchases and stability transfers for the primary 15 months (19.24%-29.24% variable APR and a 3% payment on quantities transferred throughout first 15 months after that), and there’s no annual payment so it prices you nothing to strive it out.
In case you’re on the lookout for a very good money again card and an amazing various to the Chase model, this card is it.
Discover ways to apply | Learn our full overview
Chase Freedom FlexSM Card: Closing Ideas
In case you have been nervous 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 payment, 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 far more!
Chase Freedom Flex Card: Be taught The best way to Apply >>
Chase Freedom Flex Card Assessment Abstract
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Welcome Provide
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Earnings Price
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Money Again Worth
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Accessible Classes
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Card Flexibility
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Annual Payment
Chase Freedom Flex Card Abstract
The brand new Chase Freedom Flex bank card is well top-of-the-line money again bank cards accessible.
With this card, you’ll earn 5% money again on journey booked by Chase Final Rewards, 3% money again at drugstores and eating places, and 1% money again on on a regular basis spending. The cardboard additionally lets you 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 payment and a $200 bonus accessible for those who spend $500 the primary 3 months you’ve gotten the cardboard.
In case you’re on the lookout for a good way to maximise your money again advantages, the Chase Freedom Flex is it. Discover ways to apply right here.