Nearly anybody can profit from the Chase Freedom Flex card, nevertheless it’s an particularly good choice if you wish to maximize rewards with no annual charge

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Almost anyone can benefit from the Chase Freedom Flex card, but it's an especially good option if you want to maximize rewards with no annual fee


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  • The brand new Chase Freedom Flex℠ card is a superb choice for incomes money again, with extra bonus classes than the Chase Freedom, which it is changing.
  • When you’ve got the unique Chase Freedom card, it is price both making use of for the Freedom Flex or requesting a product change to the newer card.
  • In the event you apply for the Chase Freedom Flex℠, you may earn $200 again after spending $500 within the first three months, plus 5% money again on groceries (excluding Goal and Walmart) on as much as $12,000 spent within the first 12 months of account opening.
  • Whereas the Chase Sapphire Most well-liked card earns extra worthwhile factors, the Freedom Flex might be a superb various due to bonus money again on comparable classes.
  • See Enterprise Insider’s information to one of the best cash-back bank cards »

Chase lately launched a brand new card referred to as the Chase Freedom Flex, which earns money again with no annual charge. The Freedom Flex replaces the outdated Chase Freedom card for brand spanking new candidates, although if you have already got the Chase Freedom you may preserve your card.

The Chase Freedom Flex provides the identical quarterly bonus classes that got here with the unique Chase Freedom card. Every quarter, you’ll get 5% money again on the primary $1,500 spent within the specified quarterly bonus classes while you activate (then 1% again). The Freedom Flex card additionally earns 5% again on journey bought by means of the Chase Final Rewards portal, and three% on eating at eating places, takeout and supply, and at drugstores. You may get 1% again on all different purchases.

So, who ought to contemplate this new card? Anybody on the lookout for an important cash-back card ought to give the Freedom Flex a glance, in addition to the next 4 teams of individuals.

Common APR

14.99% – 23.74%

Credit score Rating

Good to Wonderful

Featured Reward

$200 Bonus after you spend $500 on purchases in your first 3 months from account opening

Intro APR

0% for the primary 15 billing cycles

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  • Particulars
  • Professionals & Cons

    • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
    • Earn 5% money again on grocery retailer purchases (not together with Goal® or Walmart® purchases) on as much as $12,000 spent within the first yr.
    • Earn 5% money again on as much as $1,500 in mixed purchases in bonus classes every quarter you activate. Take pleasure in new 5% classes every quarter!
    • Earn 5% on journey bought by means of Chase, 3% on eating at eating places and drugstores, and 1% on all different purchases.
    • No annual charge.
    • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 – 23.74%.
    • No minimal to redeem for money again. Money Again rewards don’t expire so long as your account is open.
    Professionals
    • No annual charge
    • Beneficiant bonus cash-back classes
    • Nice welcome bonus
    Cons
    • Reserving by means of Final Rewards portal can prohibit exterior incomes potential
    • Various percentages and rotating calendar classes require additional consideration
    • 3% international transaction charges

    Present holders of the Chase Freedom card

    The Chase Freedom card is now closed to new candidates. But when you have already got the unique Chase Freedom card, you will solely earn greater than 1% money again on the 5% rotating quarterly bonus classes, that are capped at $1,500 in spending every quarter.

    The unique Chase Freedom card doesn’t have the bonus rewards on journey, eating, or drugstores. So when you’ve got the Chase Freedom card, you would possibly contemplate getting the Freedom Flex for the extra rewards.

    One choice can be to do a product change, and exchange your Freedom card with the Freedom Flex. This feature is greatest for individuals who want simplicity.

    There are two causes that you simply would possibly contemplate holding your authentic Freedom card and making use of for a brand new Chase Freedom Flex as a substitute. First, solely new candidates will get the $200 welcome bonus on the Freedom Flex. In the event you product change from an present Chase bank card, you’ll not get the welcome bonus.

    The second purpose is that you’re restricted to five% money again on the rotating quarterly bonus classes solely on the primary $1,500 spent every quarter. When you’ve got each the Freedom AND the Freedom Flex card, you’d be capable of double your bonus every quarter. You continue to have the choice to cancel your authentic Freedom card later if you wish to simplify your pockets — however bear in mind, neither card has an annual charge.

    Individuals underneath Chase 5/24

    Like different Chase bank cards, the Chase Freedom Flex is topic to Chase’s 5/24 rule. That implies that in case you’ve opened 5 or extra bank cards from any financial institution up to now 24 months, you’ll not be accredited for the brand new Freedom Flex card.

    So you will must be underneath the 5/24 threshold with the intention to get the Freedom Flex card. In the event you’re over 5/24 with no hope of getting underneath any time quickly, you would contemplate a product change from one other Chase bank card equivalent to the unique Freedom card.

    These on the lookout for a versatile rewards bank card with no annual charge

    The Chase Freedom Flex is a extremely strong choice for individuals who need a rewards bank card with no annual charge. The Freedom Flex takes the rotating quarterly bonus classes of the unique Freedom card and provides bonuses on among the hottest spending classes: journey, eating, groceries, and drugstores.

    The Chase Freedom Limitless® is one other card that has no annual charge and earns Final Rewards factors. The Chase Freedom Flex and the Chase Freedom Limitless® have the identical bonuses on journey, eating, grocery, and drugstores. In the event you’re contemplating one among these two playing cards, try our comparability of the Chase Freedom Flex and the Chase Freedom Limitless.

    Common APR

    15.99%-22.99% Variable

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  • Particulars
  • Professionals & Cons

    • Earn 80,000 bonus factors after you spend $4,000 on purchases within the first 3 months from account opening. That is $1,000 towards journey while you redeem by means of Chase Final Rewards®.
    • 2X factors on journey and eating at eating places worldwide, eligible supply companies, takeout and eating out & 1 level per greenback spent on all different purchases.
    • Get 25% extra worth while you redeem for airfare, accommodations, automotive leases and cruises by means of Chase Final Rewards. For instance, 80,000 factors are price $1,000 towards journey.
    • Get limitless deliveries with a $0 supply charge and lowered service charges on orders over $12 for no less than one yr on qualifying meals purchases with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
    • Earn 5X factors on Lyft rides by means of March 2022. That’s 3X factors along with the 2X factors you already earn on journey.
    Professionals
    • Excessive sign-up bonus begins you off with a number of factors
    • Robust journey protection
    Cons
    • Would not supply a World Entry/TSA PreCheck software charge credit score or every other assertion credit score advantages

    Learn Our Assessment
    Learn Our AssessmentA looong arrow, pointing proper

    Some Chase Sapphire Most well-liked cardholders

    The bonus classes on the brand new Chase Freedom Flex are so engaging that it may even be an alternative choice to Chase the Chase Sapphire Most well-liked® Card. Sure, the Sapphire Most well-liked has some options that the Freedom Flex doesn’t, like the flexibility to switch to journey companions or redeem for 25% extra by means of the Final Rewards portal. However the Sapphire Most well-liked additionally comes with a $95 annual charge.

    You may want to look at your individual spending and redemption patterns to see if holding the Sapphire Most well-liked is sensible to you. If the Sapphire Most well-liked is your solely premium Chase bank card, that alone might be a purpose to maintain it. The power to switch Final Rewards to resort and airline journey companions is tremendous worthwhile, so giving it up is an enormous deal. However when you’ve got one other premium Chase card just like the Ink Enterprise Most well-liked® Credit score Card or Chase Sapphire Reserve®, it might make sense to downgrade your Sapphire Most well-liked to a Freedom Flex card.

    Disclosure: This put up is delivered to you by the Private Finance Insider staff. We sometimes spotlight monetary services and products that may assist you to make smarter choices along with your cash. We don’t give funding recommendation or encourage you to undertake a sure funding technique. In the event you take motion primarily based on one among our suggestions, we get a small share of the income from our commerce companions. This doesn’t affect whether or not we characteristic a monetary services or products. We function independently from our promoting gross sales staff.

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    Please be aware: Whereas the provides talked about above are correct on the time of publication, they’re topic to vary at any time and should have modified, or could now not be accessible.



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