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On September 14, 2020, Chase launched the Chase Freedom Flex, a brand new bank card with no annual payment. The Chase Freedom Flex card was launched as a substitute for the unique Chase Freedom card, which is not out there to new candidates. The Chase Freedom Limitless card, one other Chase bank card with no annual payment, continues to be out there.

On this Chase Freedom Flex assessment, we’ll check out this new card. We’ll study the welcome bonus, the incomes charges and different advantages. On this article, we can even have a look at among the different advantages and learn how to get probably the most out of the Chase Freedom Flex card.

Chase Freedom Flex welcome bonus and incomes charges

The Chase Freedom Flex has a welcome bonus the place you’ll earn $200 after spending $500 in your card within the first three months of getting the cardboard. Moreover, you’ll earn 5% money again at grocery shops (excluding Walmart and Goal) for the primary 12 months, with a most of $12,000 spent.

Along with the grocery bonus for the primary 12 months, the Chase Freedom Flex earns:

5% money again on the primary $1500 spent in rotating quarterly bonus classes.
5% money again on journey booked by means of chase.com
three% money again at drugstores
three% money again at eating places, together with takeout and eligible supply companies
1% money again on all different purchases

Different advantages of the Chase Freedom Flex card

There are a couple of different advantages that include the Chase Freedom Flex card. You’ll get a complimentary subscription service to DoorDash Sprint Cross. That offers limitless $zero supply charges and diminished service charges on orders of $12 or extra. You’ll additionally get 5% money again on Lyft rides by means of March 2022.

One other perk of the Chase Freedom Flex card is its cellphone safety. In case you pay your month-to-month cellphone invoice together with your Freedom Flex card, you possibly can rise up to $800 per declare in cellphone safety towards coated theft or injury. You may make as much as two claims per yr ($1000 whole), and every declare comes with a $50 deductible.

Combining your Final Rewards factors with different Chase accounts

Though the welcome bonus and incomes charges with the Chase Freedom Flex card is marketed as money again, you really obtain Chase Final Rewards factors. In case you solely have the Chase Freedom Flex card, you possibly can redeem your Final Rewards at a price of 1 cent per level. With solely the Freedom Flex card, you additionally aren’t in a position to switch your Final Rewards factors to Chase’s lodge and airline switch companions.

Nevertheless, if in case you have a premium Chase card just like the Chase Sapphire Reserve or Chase Ink Most well-liked card, you possibly can mix your Final Rewards factors throughout accounts. This may be very advantageous for 2 causes. Initially, it unlocks the flexibility to switch your factors to journey companions like United Airways, Marriott Bonvoy or Southwest Fast Rewards. And in the event you select to redeem your Final Rewards factors for journey, you’re going to get a 25% or 50% bonus on the worth of your factors.

Tips on how to get probably the most from the Freedom Flex card

The very first thing that you simply’ll need to do as a way to get probably the most out of your Freedom Flex card is to make it your go-to card on the grocery retailer. 5 Final Rewards factors per greenback spent makes the Freedom Flex certainly one of the perfect playing cards for grocery spending. Additionally, you will need to be sure you’re retaining monitor of the quarterly bonus classes and utilizing your card the place it’s getting the 5% money again every quarter.

For redeeming the Final Rewards factors that you simply get from the Chase Freedom Flex card, as a way to actually get probably the most out of your factors, you’ll need to even have a premium Chase bank card. With simply the Freedom Flex card, your Final Rewards factors will solely be value 1 cent per level. With a card just like the Sapphire Reserve, your factors can be value 1.5 cents per level – a 50% bonus. Moreover, having a premium Chase card lets you switch your Final Rewards to Chase’s lodge and airline journey companions, which might unlock much more worth.

Tips on how to get the brand new Chase Freedom Flex card

The Chase Freedom Flex card is on the market to new candidates as of September 14th, 2020. Chase has an utility rule (known as 5/24) the place you’ll not be accepted for brand spanking new Chase playing cards if in case you have 5 or extra new bank cards from any financial institution up to now 24 months. So if in case you have utilized for greater than 5 playing cards up to now two years, you’ll not be accepted for a brand new Freedom Flex card. 

In that case, the one solution to get a brand new Chase Freedom Flex card is to do a product change from a special Chase bank card. Chase has instructed us that you’ll solely have the ability to do a product change from the previous Chase Freedom playing cards. Product adjustments from different Chase bank cards is not going to be allowed, not less than not at first. In case you do have the previous Chase Freedom card, it is smart to vary to the Freedom Flex for most individuals. The Freedom Flex card has the identical 5% quarterly bonus classes because the previous Freedom card, and in addition earns bonus factors at eating places, drugstores and journey. The one draw back to product altering is that you simply miss out on the $200 welcome bonus that comes with new card approvals.

These responses aren’t supplied or commissioned by the financial institution advertiser. Responses haven’t been reviewed, accepted or in any other case endorsed by the financial institution advertiser. It isn’t the financial institution advertiser’s duty to make sure all posts and/or questions are answered.



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Dan Miller (32 Posts)

Dan Miller is a contract author and founding father of PointsWithACrew.com, a web site that helps households to journey totally free / low-cost. His residence base is in Cincinnati, however he tries to journey the world as a lot as potential along with his spouse and 6 youngsters.

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