What to Know About the New Chase Freedom Flex Card

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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 alternative for the authentic Chase Freedom card, which is not obtainable to new candidates. The Chase Freedom Unlimited card, one other Chase bank card with no annual charge, remains to be obtainable.

In this Chase Freedom Flex assessment, we’ll check out this new card. We’ll look at the welcome bonus, the incomes charges and different advantages. In this text, we can even take a look at a few of the different advantages and the way to get 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 in the first three months of getting the card. Additionally, you’ll earn 5% money again at grocery shops (excluding Walmart and Target) for the first 12 months, with a most of $12,000 spent.

In addition to the grocery bonus for the first 12 months, the Chase Freedom Flex earns:

5% money again on the first $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

Other 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 Dash Pass. 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 means of March 2022.

Another perk of the Chase Freedom Flex card is its cellphone safety. If you pay your month-to-month cellphone invoice along with your Freedom Flex card, you’ll be able to stand up to $800 per declare in cellphone safety in opposition to lined theft or harm. You could make up to two claims per 12 months ($1000 complete), and every declare comes with a $50 deductible.

Combining your Ultimate Rewards factors with different Chase accounts

Although the welcome bonus and incomes charges with the Chase Freedom Flex card is marketed as money again, you truly obtain Chase Ultimate Rewards factors. If you solely have the Chase Freedom Flex card, you’ll be able to redeem your Ultimate Rewards at a fee of 1 cent per level. With solely the Freedom Flex card, you additionally aren’t ready to switch your Ultimate Rewards factors to Chase’s lodge and airline switch companions.

However, when you have a premium Chase card like the Chase Sapphire Reserve or Chase Ink Preferred card, you’ll be able to mix your Ultimate Rewards factors throughout accounts. This will be very advantageous for 2 causes. First of all, it unlocks the capability to switch your factors to journey companions like United Airlines, Marriott Bonvoy or Southwest Rapid Rewards. And for those who select to redeem your Ultimate Rewards factors for journey, you’re going to get a 25% or 50% bonus on the worth of your factors.

How to get the most from the Freedom Flex card

The very first thing that you simply’ll need to do so as to get the most out of your Freedom Flex card is to make it your go-to card at the grocery retailer. 5 Ultimate Rewards factors per greenback spent makes the Freedom Flex one in every of the finest playing cards for grocery spending. You can even need to be sure to’re protecting observe of the quarterly bonus classes and utilizing your card the place it’s getting the 5% money again every quarter.

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

How to get the 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 accredited for brand spanking new Chase playing cards when you have 5 or extra new bank cards from any financial institution in the previous 24 months. So when you have utilized for greater than 5 playing cards in the previous two years, you’ll not be accredited for a brand new Freedom Flex card. 

In that case, the solely manner to get a brand new Chase Freedom Flex card is to do a product change from a distinct Chase bank card. Chase has instructed us that you’ll solely have the opportunity to do a product change from the previous Chase Freedom playing cards. Product adjustments from different Chase bank cards won’t be allowed, at the very least not at first. If you do have the previous Chase Freedom card, it is sensible to change to the Freedom Flex for most individuals. The Freedom Flex card has the identical 5% quarterly bonus classes as the previous Freedom card, and in addition earns bonus factors at eating places, drugstores and journey. The solely 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 offered or commissioned by the financial institution advertiser. Responses haven’t been reviewed, accredited or in any other case endorsed by the financial institution advertiser. It is just not the financial institution advertiser’s duty to guarantee 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 FactorsWithACrew.com, a web site that helps households to journey at no cost / low-cost. His residence base is in Cincinnati, however he tries to journey the world as a lot as attainable along with his spouse and 6 children.

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