![]() ![]() Chase doesn’t release the quarterly categories for the Freedom Flex card far in advance so we looked at four recent quarterly categories that have been announced in the past for the Freedom card as comparison. To determine the rewards potential of the Chase Freedom Flex card we have to look at the bonus categories and calculate what an American household might spend in those areas. This is only available if you also hold one of the cards on which transfers are permitted. Or you could maximize your earnings by transferring your Chase Ultimate Rewards® points to Chase’s airline and hotel partners including United, Southwest Airlines and Hyatt. Earnings on the Freedom Flex can be worth even more when combined with the earnings on a card like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® or the Ink Business Preferred® Credit Card. Rewards never expire as long as your account is open and remains in good standing. Travel booked through Chase Ultimate Rewards® (1 cent per point).Redemption options on the Freedom Flex include: The Freedom Flex comes with a welcome bonus: Earn a $200 bonus after spending $500 on purchases in the first 3 months from account opening.Ĭardholders will also earn 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores and 1% on all other purchases. ![]() The Freedom Flex runs on the Mastercard network and comes with World Elite Mastercard benefits including cell phone insurance and more. This will allow you to utilize the new category bonuses without having to ding your credit score or affect your 5/24 status with a new application. Know that existing Freedom cardholders can also request a product change to the Freedom Flex from the original Freedom card (not currently available to new applicants), which Forbes Advisor recommends doing. What’s noteworthy about the rewards structure of the Freedom Flex is that it competes with-and in some cases outearns-two other Chase-branded credit cards: The ultra-premium Chase Sapphire Reserve® and the midrange Chase Sapphire Preferred® Card both of which carry annual fees. With this card you’ll earn 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores and 1% on all other purchases. But the Freedom Flex also does the heavy-lifting of pricier rewards cards with an earnings scheme on steroids. The newest member of the Freedom family checks off a lot of the boxes on a perfect credit card wish list.Īnyone can warm up to the idea of a rewards card without an annual fee. ![]() If you were looking to power up your points-earning potential and you’re partial to the Chase Ultimate Rewards® system, the Chase Freedom Flex will muscle its way into your wallet. ![]()
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