Chase Freedom Flex℠ Credit Card Review

Freedom Flex℠ from Chase — all information about the credit card.

By Hanna Volkava
Updated October 09, 2023

Good Choose for Cash Back, 0 APR, No Annual Fee, Daily use

Chase Freedom Flex℠
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Our Rating:
5 out of 5
scorer
Recommended credit score
Good to Excellent (670-799)
  • Rewards Rate:
    • 5% Cash Back on up to $1,500 on combined purchases in bonus categories each quarter you activate.
    • 5% Cash Back on travel purchased through Chase Ultimate Rewards.
    • 3% Cash Back on dining at restaurants, including takeout and eligible delivery services.
    • 3% Cash Back on drugstore purchases.
    • 1% Cash Back on all other purchases.
  • Intro Offer:
    • $200 Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
    • 5% Back on grocery store purchases (excluding Target® and Walmart®) on up to $12,000 spent in the first year (that's $600 cash back).
  • Annual Fee:
    $0
  • Purchase Intro APR:
    0% Intro APR for the first 15 months that your Account is open
  • Regular APR:
    20.49% - 29.24% Variable
  • Balance Transfer APR:
    20.49% - 29.24% Variable
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Chase Freedom Flex℠ Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
5%
Rotating categories
$
5%
Travel
$
3%
Dining
$
3%
Drugstore
$
1%
All other purchases
$
Have you already recieved the Chase intro bonus?
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All benefits

  • Cash back
    • 5% On up to $1,500 on combined purchases in bonus categories each quarter you activate.
    • 5% On travel purchased through Chase Ultimate Rewards.
    • 3% On dining at restaurants, including takeout and eligible delivery services.
    • 3% On drugstore purchases.
    • 1% On all other purchases.
  • Travel
    • Trip Cancellation/Interruption Insurance:
    • You can be reimbursed up to $1,500 per person and $6,000 per trip for your prepaid, nonrefundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations.
    • Cell Phone Protection:
    • Get up to $800 per claim and $1,000 per year in cell phone protection against covered theft or damage for phones listed on your monthly cell phone bill when you pay it with your eligible credit card. Maximum of 2 claims in a 12 month period with a $50 deductible per claim.
    • Auto Rental Collision Damage Waiver:
    • Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is provided for theft and collision damage for most cars in the U.S. and abroad. In the U.S., coverage is secondary to your personal insurance.
    • Travel and Emergency Assistance Services:
    • If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.

Rate and fee information

  • Purchase Intro APR
    • 0% Intro APR for the first 15 months that your Account is open
  • Purchase APR
    • 20.49% - 29.24% Variable
  • Intro Balance Transfer APR
    • 0% Intro APR for the first 15 months that your Account is open
  • Balance Transfers APR
    • 20.49% - 29.24% Variable
  • APR for Cash Advances
    • 29.99% Variable
  • How to Avoid Paying Interest
    • Your due date will be a minimum of 21 days after the close of each billing cycle. You will not be charged interest on new purchases if you pay your entire balance or Interest Saving Balance by the due date each month. You will be charged interest on balance transfers and cash advances on the transaction date.

Fees

  • Annual Fee
    • $0
  • Fees for Balance Transfer
    • Either $5 or 5% of the amount of each transfer, whichever is greater
  • Fees for Cash Advances
    • Either $10 or 5% of the amount of each transaction, whichever is greater
  • Penalty Fees
    • Up to 29.99%
  • Return Payment
    • Up to $40
  • Late Payment
    • Up to $40
  • Return Check
    • None
View all Rates & Fees

Pros & Cons

Pros:
  • $200 sign-up bonus
  • High cash back rewards on quarterly rotating bonus categories
  • Decent cash back rewards on select spending categories
  • 0% intro APR on purchases
  • No annual fee
Cons:
  • Foreign transaction fee
  • Rotating spending categories require activation
  • No intro APR on balance transfers

Features

Classic
Mastercard
Contactless
  • 0% Intro APR
  • Low interest
  • No Annual Fee
  • Cashback
  • Payment Flexibility
  • Fraud Protection
  • Rewards
  • Purchase Protection
  • Extended Warranty Protection
  • Travel
  • Trip Cancellation
  • Auto Rental Insurance
  • 24/7 Travel Assistant
  • Good Credit
  • Excellent Credit

About the issuer

Chase has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your

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Chase Freedom Flex℠ Review

In this article, we will review the pros and cons of the Chase Freedom Flex℠ Credit Card.

The Chase Freedom Flex℠ Credit Card from Chase is a no-annual-fee, quarterly rotating bonus categories cash back credit card. It provides 5% cash back on rotating bonus categories, 3% cash back on restaurants and drugstores, 1% cash back on all the other spending, a $200 sign-up bonus, and 0% introductory APR on purchases for 15 months.

Chase Freedom Flex℠ Credit Card: pros and cons

Pros: Cons:
$200 sign-up bonus. The Chase Freedom Flex℠ Credit Card rewards cardholders with a $200 sign-up bonus. To get the bonus, you need to spend $500 on purchases during the first 3 months from account opening. Foreign transaction fee. The Chase Freedom Flex℠ Credit Card is not the best choice if you plan to go abroad, as it charges you a 3% foreign transaction fee.
High cash back rewards on quarterly rotating bonus categories. You will receive 5% cash back on such quarterly rotating categories as Internet and cable, gas stations, and grocery. Rotating spending categories require activation. To receive 5% cash back on quarterly rotating categories, you have to manually activate it every three months.
Decent cash back rewards on select spending categories. Apart from quarterly rotating spending categories, the Chase Freedom Flex℠ Credit Card provides 3% cash back on drugstores and restaurants. No intro APR on balance transfers. The Chase Freedom Flex℠ Credit Card doesn’t provide any introductory APR on balance transfers. It means that this card is not the best option if you are interested in repaying your debt.
0% intro APR on purchases. The Chase Freedom Flex℠ Credit Card provides you with a 15-month introductory period to pay off your purchases without any interest rates charged.
No annual fee. You do not have to pay for your Chase Freedom Flex℠ Credit Card.

Rewards system in a nutshell

The Chase Freedom Flex℠ Credit Card is a cash back credit card with a generous rewards system and bonuses. This card provides 5% cash back on up to $1,500 spent in quarterly rotating bonus categories. The categories change every quarter and may include streaming services, Internet and cable, gas stations, and home improvement stores. You are required to activate the categories. After reaching the $1,500 limit, you will still earn 1% cash back with no limit.

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Additionally, with this card, you will receive 3% cash back rewards on purchases in drugstores or while dining at restaurants, including takeout and delivery services. You will earn 1% cash back rewards on all other purchases, which equals $0.01 in cash back for $1 spent.

What’s more, the Chase Freedom Flex℠ Credit Card allows you to earn 5% cash back rewards for travel booked through the Chase Ultimate Rewards program. These spendings include airline tickets, accommodations, vehicle rentals, and cruises. You also may receive 5% total cash back on qualifying Lyft rides and services through 31 March 2022. Qualifying Lyft rides and services include rides taken in specific modes, bike and scooter rides.

With the Chase Freedom Flex℠ Credit Card, you may receive a $200 cash back bonus after you spent $500 on purchases in the first 3 months from account opening. To earn the bonus, you either have to be a new cardholder or should not have received a new cardmember bonus for the Chase Freedom Flex℠ Credit Card within the last 2 years.

With the Chase Freedom Flex℠ Credit Card, your cash back rewards will come in the form of points. Your reward points don’t expire until your account is open. There are a variety of ways to cash out your reward points:

  • Cash. Redeeming your reward points for cash will earn you 1 cent per point you have. You may choose to directly deposit your cash into your U.S. saving or checking account. Another option to cash out your reward is to opt for a statement credit.
  • Gift cards. The rewards redemption value for gift cards and gift certificates is $1 per 100 points. You can check the gift cards and certificates available at the Chase Ultimate Rewards portal.
  • Travel. You can redeem the rewards of the Chase Ultimate Rewards program using points at a rate of 1 cent per point. The way of redeeming your cash back for travel is by using Chase Ultimate Rewards to book your travel and later on pay for it using your points.

Who can benefit from getting the Chase Freedom Flex℠ Credit Card?

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As the Chase Freedom Flex℠ Credit Card provides significant cash back on quarterly rotating bonus categories, it is a good option for a broad audience. 5% cash back may become a pleasant complement to the personal or family budget.

The Chase Freedom Flex℠ Credit Card may be an interesting option for the youth. The cash back categories of the card include streaming and delivery services, as well as a number of discounts and free trials on such apps as Lyft and Fandango.

Finally, a 0% introductory APR on purchases together with a $200 sign-up bonus is a great combination for those planning large purchases in the first months.

Are there any other benefits?

Apart from having a solid cash back rewards system, the Chase Freedom Flex℠ Credit Card provides a number of nice perks and benefits, including:

  • Travel insurance – The Chase Freedom Flex℠ Credit Card trip cancellation/interruption insurance includes reimbursements of up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares. Chase will reimburse your trip if it is canceled or cut short by sickness, severe weather, and other covered situations.
  • Cell phone protection – With this bonus, you can get cell phone protection against covered theft or damage.
  • Extended warranty and Purchase protection – Extended warranty and Purchase protection cover your new purchases for 120 days against damage and theft and extend the manufacturer’s warranty by 1 additional year on specific goods.
  • Zero liability – Card issuer won’t hold you responsible for all the unauthorized actions made with the Chase Freedom Flex℠ Credit Card on your behalf.
  • “Refer friends” program – You can earn $100 cash back for each friend who gets any participating Chase Freedom® credit card with up to $500 maximum cash back per year.
  • 5% cash back on Lyft rides – The Chase Freedom Flex℠ Credit Card provides you with 5% total cash back on Lyft rides through March 2022.
  • $5 Lyft Credits – All the cardholders of this card receive a $5 Lyft credit monthly for every 3 rides they take in one month.
  • ShopRunner complimentary membership – The Chase Freedom Flex℠ Credit Card goes with free ShopRunner membership, providing 2-days shipping at hundreds of retailers across the US.
  • Fandango discount – You receive a $5 discount on movie tickets or at-home purchases for $20 spent at Fandango or on its streaming service.
  • DashPass benefits – With the Chase Freedom Flex℠ Credit Card, you’ll get a complimentary 3 months of DashPass, DoorDash's subscription service. After that, you will be automatically enrolled in DashPass at 50% off for the next 9 months.

Conclusion

The Chase Freedom Flex℠ Credit Card is a great option for people who can keep up with various bonuses and rewards as the card provides a generous rewards system and a large number of perks and bonuses. It can truly be called one of the best rewards credit cards on the market with cash back rewards both in rotating and fixed categories. A combination of the 0% introductory APR on purchases and the $200 bonus makes the card an ideal option for people seeking to offset the spending on large purchases.

On the other hand, the Chase Freedom Flex℠ Credit Card is not the best choice for paying off debt or making international purchases.

Overall, the Chase Freedom Flex℠ Credit Card is certainly worth considering if you are looking for a good cash back rewards credit card. Nevertheless, beware that there is a lot to keep track of about this card, and it takes time to explore all the perks this card is offering. You should look for another option if you want a more straightforward cash-back credit card with less maintenance.

FAQ

What is the customer service phone number for Chase Freedom Flex℠ Credit Card?

The Chase Freedom Flex℠ Credit Card customer service phone number is 1 (800) 432-3117. The customer service of the Chase Freedom Flex℠ Credit Card is available 24/7.

How to check my application status for Chase Freedom Flex℠ Credit Card?

There are two ways to check your application status for Chase Freedom Flex℠ Credit Card. You can easily check it anytime by calling 1 (800) 432-3117. Another way to check your application status is by signing in to your Chase account. Beware that the second option is only available to the people who applied for the credit card online or already have a Chase credit card.
Hanna VolkavaHanna Volkava

Financial and product expert

hv@myfin.us
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