Review: Chase Freedom Flex Credit Card
The Chase Freedom Flex credit card is the revamped offering of the old Chase Freedom card. Some aspects are similar to the Freedom card, but the added features make it a much more powerful credit card from the standpoint of earning cash back or Ultimate Rewards points.
Holders of the old Freedom card can continue to use it, however, it is no longer available for new applications.
The Freedom Flex is now the 5%…and more…powerhouse earner in the Chase credit card arsenal.
Chase Freedom Flex
Here’s a look at the Freedom Flex card’s earning power.
- Earn 5% on up to $1,500 on combined purchases in bonus categories each quarter you activate
- Earn 5% on travel purchased through Chase Ultimate Rewards
- Earn 3% on dining at restaurants, including takeout and eligible delivery services
- Earn 3% on drugstore purchases
- Earn 1% on all other purchases
Annual Fee: None
Quarterly 5% Categories
The quarterly bonus categories are where you can really rack up the cash back or Ultimate Rewards points.
Typically you’ll have 2-3 new categories each quarter from which purchases will earn the 5% cash back or 5 Ultimate Rewards points per dollar spent.
The current quarter…4th quarter of 2020…Walmart.com and Paypal are the 5%/5x bonus categories.
We always publish a post with the upcoming bonus categories and how you can maximize your cash back or points earning for each.
New Categories
Chase has boosted the benefit of the new Freedom Flex card by adding full-time bonused categories to its earning ability.
3% back on dining and drugstore purchases is a decent return, especially for a no annual fee credit card.
The 5% back on travel purchased through the Chase Ultimate Rewards Travel Portal is potentially enticing, too. However, I’d definitely shop around to see if you can get better pricing either through the airline/hotel itself, or through other travel vendors. If pricing is comparable, earning 5% cash back/5x points is definitely nice.
Sign-Up Bonus
Currently, the Chase Freedom Flex has a fantastic sign-up bonus. This increased bonus has been around for a while already…not sure how much longer we’ll see it.
Earn a $200 bonus after spending $500 within the first 3 months from card approval. Those interested in Ultimate Rewards points, that’s the equivalent of 20,000 points.
Plus, applicants will earn 5% cash back (or 5x Ultimate Rewards points per dollar) on grocery store purchases (not including Walmart or Target) up to $12,000 worth in the first year of card membership. This is a huge bonus if more of your spend is at grocery stores thanks to the pandemic.
You can use our referral link below to read more about the Chase Freedom Flex card and apply if you want. You’ll earn the same bonus as noted above, and we’ll earn points when your application is approved. Thank you if you use our link to apply.
Chase Freedom Flex Credit Card Information/Application Link
Ultimate Rewards Points
While the Chase Freedom Flex card is promoted as a cash back earning credit card, the cash back can be turned into Ultimate Rewards points that can be extremely valuable…sometimes moreso than just straight cash back.
I wrote a piece a while back, “Why I Love Ultimate Rewards Points and You Should, Too,” that discusses all the way Ultimate Rewards points can be used to benefit your bottom line. Give it a look if you’re at all interested in free travel or maximizing your earned benefits.
Chase Offers
Another benefit associated with any Chase credit card is the ability to save money on select purchases via Chase Offers.
Chase Offers provide cash or percentage savings on purchases made at various retailers. Some of the Offers are tailored to your spending habits, while others are universally offered on all Chase cards.
Holding the Chase Freedom Flex card provides no annual fee access to these money-saving deals.
Wrap Up
As you can see, the Chase Freedom Flex card provides fantastic value whether you’re looking for a card that earns cash back, or a points earning card that will get you to your free travel goals that much faster.
This is really one credit card that covers a large number of cash back/points earning bases and should definitely be a consideration for anyone who wants a credit card that will benefit his/her bottom line.
Jump on the current increased sign-up bonus and grocery store bonus by applying now.
Application links in this post are referral links providing us a referral bonus for all approved applications. You don’t have to use these links to apply, you can get the same sign-up bonus going to Chase’s website, but we greatly appreciate when you do.
