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On September 14, 2020, Chase launched the Chase Freedom Flex, a brand new bank card with no annual charge. The Chase Freedom Flex card was launched as a substitute for the unique Chase Freedom card, which is now not accessible to new candidates. The Chase Freedom Limitless card, one other Chase bank card with no annual charge, remains to be accessible.
On this Chase Freedom Flex evaluate, we’ll check out this new card. We’ll study the welcome bonus, the incomes charges and different advantages. On this article, we may also have a look at among the different advantages and methods 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 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 number of different advantages that include the Chase Freedom Flex card. You’ll get a complimentary subscription service to DoorDash Sprint Go. That provides limitless $zero supply charges and decreased service charges on orders of $12 or extra. You’ll additionally get 5% money again on Lyft rides by March 2022.
One other perk of the Chase Freedom Flex card is its cellphone safety. For those who pay your month-to-month cellphone invoice along with your Freedom Flex card, you may stand up to $800 per declare in cellphone safety towards lined theft or injury. You can also make as much as two claims per yr ($1000 complete), 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. For those who solely have the Chase Freedom Flex card, you may redeem your Final Rewards at a fee of 1 cent per level. With solely the Freedom Flex card, you additionally are usually not in a position to switch your Final Rewards factors to Chase’s resort and airline switch companions.
Nonetheless, if in case you have a premium Chase card just like the Chase Sapphire Reserve or Chase Ink Most popular card, you may mix your Final Rewards factors throughout accounts. This may be very advantageous for 2 causes. Initially, it unlocks the power to switch your factors to journey companions like United Airways, Marriott Bonvoy or Southwest Speedy Rewards. And in case you select to redeem your Final Rewards factors for journey, you’ll get a 25% or 50% bonus on the worth of your factors.
Methods to get probably the most from the Freedom Flex card
The very first thing that you just’ll wish to do so as 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 one in all the perfect playing cards for grocery spending. Additionally, you will wish to ensure you’re preserving 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 just get from the Chase Freedom Flex card, so as to actually get probably the most out of your factors, you’ll wish to even have a premium Chase bank card. With simply the Freedom Flex card, your Final Rewards factors will solely be price 1 cent per level. With a card just like the Sapphire Reserve, your factors could be price 1.5 cents per level – a 50% bonus. Moreover, having a premium Chase card lets you switch your Final Rewards to Chase’s resort and airline journey companions, which might unlock much more worth.
Methods to get the brand new Chase Freedom Flex card
The Chase Freedom Flex card is offered 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 previously 24 months. So if in case you have utilized for greater than 5 playing cards previously two years, you’ll not be accepted for a brand new Freedom Flex card.
In that case, the one method to get a brand new Chase Freedom Flex card is to do a product change from a distinct Chase bank card. Chase has informed us that you’ll solely be capable to do a product change from the previous Chase Freedom playing cards. Product modifications from different Chase bank cards won’t be allowed, no less than not at first. For those who do have the previous Chase Freedom card, it is sensible 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 just miss out on the $200 welcome bonus that comes with new card approvals.
These responses are usually not offered 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.
Dan Miller (32 Posts)
Dan Miller is a contract author and founding father of PointsWithACrew.com, a website that helps households to journey without cost / low-cost. His house base is in Cincinnati, however he tries to journey the world as a lot as doable along with his spouse and 6 youngsters.