Chase Freedom® FlexSM Credit Card Review
The Chase Freedom® FlexSM replaced Chase Freedom, and it is one of the newer cards in the Chase Ultimate Rewards family. This is a card is a great earner and one that we recommend you get to fulfill your Chase trifecta. In our Chase Freedom® FlexSM review we will discuss the current welcome offer, earning structure, card perks and share our overall thoughts.
Freedom Flex’s Current Welcome Offer
The Freedom Flex has the following welcome offer:
- Earn $200 or 20,000 Ultimate Rewards after spending $500 within the first three months of card membership
- Earn 5x on the first $12,000 at grocery stores in the first 12 months.
- The card has no annual fee
Chase Application Rules
Like other Chase cards, you will not qualify for this card if you have opened more than 5 credit cards with any bank in the last 24 months. You also can not receive the welcome offer on this card if you have earned one in the last 24 months. This does not include other Freedom cards. You can carry each Freedom card type at the same time and still get the welcome offer.
Chase Freedom® FlexSM Credit Card Review: Earning Rates
The Freedom Flex has the following earning structure:
- 5% (5x) on travel through the Chase travel portal
- 5% (5x) on different categories each quarter on up to $1,500 in spend each quarter
- 3% (3x) on dining inclusive of takeout and delivery
- 3% (3x) on drugstore purchases
- 1% (1x) on everything else
How To Turn Your Cashback Into Ultimate Rewards
While you can earn cash back with the Freedom Flex, you can also use your points for travel. This is even more valuable if you have on of the following premium Chase cards:
That is because the Chase Freedom Flex is a part of the Chase Ultimate Rewards program allowing you to transfer points between all of your accounts. Once your points are in an Ultimate Rewards earning account (one of the three cards listed above), you can transfer points 1:1 to a variety of airline and hotel partners.
Chase Freedom Flex Review: Card Perks
The Chase Freedom Flex doesn’t come with a ton of meaningful perks, which isn’t surprising for a no annual fee card. Most of what it does offer comes from the card’s Mastercard World Elite perks.
- Three months of DoorDash’s DashPass
- Get $5 off your first order each month
- 5% back on Lyft rides through March 2025
- If you take 3 rides with Lyft in a month, you’ll get a $5 credit (once per month) to put towards your next ride.
- Cell phone insurance
- ShopRunner membership.
Chase Freedom Flex: ToP Analysis
This card can be a great addition to your lineup to earn Chase Ultimate Rewards. Essentially, they took the best feature of the Freedom card, 5% cash back in quarterly bonus categories, and added even more permanent earning categories. The addition of 3% on drugstores is a great addition as is 3% at restaurants, on par with the more expensive Chase Sapphire Preferred and Chase Sapphire Reserve cards.
Earning potential in the first year can easily reach up to 110,000 Ultimate Rewards if you maximize the welcome offer and your quarterly bonus categories. You can easily increase that value by taking advantage of travel, dining or drugstore bonus categories. Any way you look at it, there is serious value here for a no annual fee card, especially when that cash back can be turned into valuable Ultimate Rewards
Chase Freedom® FlexSM Credit Card Review: ToP Thoughts
It is nice to see Chase responding to its customers needs and offering a very competitive no annual fee card with the Chase Freedom Flex. Even without the welcome offer, this is a great card to have and keep long term. The Flex continues to be a great earner to top off your Chase Ultimate Reward balance. It’s hard to imagine a better lineup of earning potential on a card with no annual fee.
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