Chase Freedom Flex℠ Credit Card Review

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

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.

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?

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.